New plantings set to help TSH Resources grow

TA has maintained its “buy” recommendation on TSH with an unchanged target price of RM1.31.

PETALING JAYA: Continuous planting efforts and the recent disposal of two subsidiaries will put TSH Resources Bhd in good stead for strong growth.

Analysts remain bullish on the long-term outlook for TSH despite a year-to-date share price depreciation of about 36%, given its upstream undertaking, expected rise in fresh fruit bunch (FFB) yield and decline in production costs, as more young oil palm trees mature and reach peak productions.