In a filing with Bursa Malaysia, the company said the significant increase in net profit was made possible on higher output of fresh fruit bunches (FFB), a lower unit cost of production and better crude palm oil (CPO) selling prices.
KUALA LUMPUR: PublicInvest Research has maintained its “neutral” call on TSH Resources Bhd
with an unchanged target price of RM1.87 pending the completion of its private placement.
“We are maintaining our fair value at RM1.87 based on 20x FY18 earnings per share for now but will review it upon completion of the private placement within the next three months,” PublicInvest said.
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