TSH land sales to lead to solid growth

PETALING JAYA: TSH Resources Bhd will embark on new expansion after a selective divestment of land that brought about minimal net gearing for the plantation group, says Kenanga Research.

“The group has started work to expand its oil palm area by another 20%-25% within the next two to three years. It is also studying carbon market opportunities following its secondary listing on the Singapore Exchange (SGX) Mainboard,” said the brokerage firm in a report yesterday.