Higher CPO prices a boon to TSH

for the nine-month period ended Sept 30, 2018 (9M18), the plantation company posted a core PBT of RM81.9mil.

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.