Higher CPO prices a boon to TSH
“TSH is our top pick in the plantation sector due to its long-term prospects arising from its young tree profile, as well as its relatively low enterprise value per ha of US$16,900 (RM68,785), one of the lowest in our coverage,"AllianceDBS Research said.
PETALING JAYA: TSH Resources Bhd 
’s earnings are expected to come in stronger on the back of higher fresh fruit bunches (FFB) production and recovery in crude palm oil (CPO) prices over the next two years.
AllianceDBS Research said it expected higher CPO prices this year on better supply and demand dynamics, adding that it is upgrading its 2019 to 2020 earnings by 2% and 8% respectively to account for TSH’S higher FFB growth numbers.
“TSH is our top pick in the plantation sector due to its long-term prospects arising from its young tree profile, as well as its relatively low enterprise value per ha of US$16,900 (RM68,785), one of the lowest in our coverage.”
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