PETALING JAYA: Despite 90% of TSH Resources Bhd’s exposure being in Indonesia, this year it is anticipated to fare better with stronger earnings for the group on the back of improved output and higher crude palm oil (CPO) prices, says RHB Research.
“We continue to like TSH Resources, as valuations remain attractive – the stock is trading at -1 standard deviation from its five-year forward price-to-earnings ratio (PER), while prospects for production growth is decent, ” the research house said.
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