KUALA LUMPUR: Public Invest Research has started coverage on TSH Resources (TSH) with a Neutral call and price-to-earnings ratio (PER) derived target price of RM2.34.
It said on Thursday though it likes TSH for its young age profile coupled with huge unplanted landbank, it thinks there is limited upside based on its forward PER of 18 times, which is fully reflecting its positive growth next year.
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