TSH (9059) TSH RESOURCES BHD BENEFIT FROM HIGH FCPO AND TIMBER PRICE, AGGRESSIVE EPF PURCHASE, PRICE TO SWING UPWARDS

TSH (9059)  TSH RESOURCES BHD BENEFIT FROM HIGH FCPO AND TIMBER PRICE, AGGRESSIVE EPF PURCHASE, PRICE TO SWING UPWARDS

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Today glove industry stage a nice rebound, with multiple limit up coming back to the market. Market sentiment will continue to be strong with ample of volume.

I do not need to introduce gloves industry counter anymore, because it is known to everyone. Today want to highlight a potential company - TSH RESOURCES BHD (9059)

 

This company main business is palm oil plantation, including milling and refinery services. Other business is cocoa, biomass energy and timber (wood) business.

 

Primary revenue contribution is from operation of Palm Oil Plantation, and then follow with Timber sector (wood).

 

3 MAIN POINT THAT PUT TSH AS AN ATTRACTIVE COMPANY

 

1.) FCPO PRICES HAD BEEN CONSOLIDATING AT 2800 FOR MORE THAN 1 MONTH. LOOKING TO PUSH ABOVE 3000 WITH MORE BUYING FROM INDIA, EUROPE AND CHINA TO RESTOCK

 

 

 

FCPO projection can go above 3000 with supported buying from INDIA, EUROPE and CHINA as government restock on this commodity

 

https://www.reuters.com/article/malaysia-palmoil/update-1-industry-body-expects-q3-rise-in-malaysian-palm-oil-exports-to-biggest-buyers-idUSL4N2DO1YR

 

 

 

2.) LUMBER FUTURE ALL TIME HIGH, BENEFIT TSH TIMBER CONCESSION

 

 

TSH got 100 years concession for sustainable timber plantation. A few years ago, TSH privatized Ekowood, a company that manufacture timber flooring products. The product are supply to local and international market.

 

High timber price will give TSH a better margin.

 

https://www.ekowood.com/en/inspirations/malaysia-projects/

 

 

3.) EPF AGGRESSIVE BUYING OF TSH FROM OPEN MARKET

 

 

The past 30 days, EPF had accumulated approximately 2% of TSH shares. This I believe is due to the positive outlook from higher palm oil and better margin from timber division.

 

 

TSH technical chart is giving good entry point. Current trend look set to see TSH is heading for uptrend, with positive news from industry. The current price is at technical low side, and can point towards potential upward swing.

 

 

 

 

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https://klse.i3investor.com/blogs/targetinvest/2020-08-19-story-h1512396433-TSH_BENEFIT_FROM_HIGH_FCPO_AND_TIMBER_PRICE_AGGRESSIVE_EPF_PURCHASE_PRI.jsp