Price Target Changed • May 21
Price target decreased by 7.6% to RM1.36 Down from RM1.47, the current price target is an average from 9 analysts. New target price is 20% above last closing price of RM1.13. Stock is up 0.9% over the past year. The company is forecast to post earnings per share of RM0.12 for next year compared to RM0.14 last year. Reported Earnings • Apr 24
Full year 2025 earnings: EPS in line with expectations, revenues disappoint Full year 2025 results: EPS: RM0.14 (up from RM0.098 in FY 2024). Revenue: RM1.06b (up 4.0% from FY 2024). Net income: RM183.4m (up 35% from FY 2024). Profit margin: 17% (up from 13% in FY 2024). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 3.0% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Apr 21
TSH Resources Berhad, Annual General Meeting, May 20, 2026 TSH Resources Berhad, Annual General Meeting, May 20, 2026, at 10:00 Singapore Standard Time. Location: ballroom 2, lg level, petaling jaya marriott hotel, 13, section 16/11, jalan damansara, 46350 petaling jaya, selangor darul ehsan, Malaysia Upcoming Dividend • Apr 07
Upcoming dividend of RM0.05 per share Eligible shareholders must have bought the stock before 14 April 2026. Payment date: 30 April 2026. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Malaysian dividend payers (5.6%). Higher than average of industry peers (3.0%). Reported Earnings • Feb 26
Full year 2025 earnings: EPS in line with expectations, revenues disappoint Full year 2025 results: EPS: RM0.14 (up from RM0.098 in FY 2024). Revenue: RM1.06b (up 4.2% from FY 2024). Net income: RM182.9m (up 35% from FY 2024). Profit margin: 17% (up from 13% in FY 2024). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 3.1% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Feb 26
TSH Resources Berhad Approves First and Final Dividend for Financial Year Ended 31 December 2025, Payable on 30 April 2026 TSH Resources Berhad approved a first and final single-tier dividend of 5.0 sen per ordinary share for the financial year ended 31 December 2025. Ex-date: 14 April 2026; Entitlement date: 15 April 2026; Payment date: 30 April 2026. Board Change • Feb 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Executive Director Ging Fong was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Nov 26
Consensus EPS estimates increase by 16% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from RM0.119 to RM0.139. Revenue forecast steady at RM1.08b. Net income forecast to shrink 18% next year vs 2.1% growth forecast for Food industry in Malaysia . Consensus price target up from RM1.30 to RM1.43. Share price was steady at RM1.35 over the past week. Price Target Changed • Nov 21
Price target increased by 7.8% to RM1.40 Up from RM1.30, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of RM1.40. Stock is up 21% over the past year. The company is forecast to post earnings per share of RM0.14 for next year compared to RM0.098 last year. Reported Earnings • Nov 20
Third quarter 2025 earnings released: EPS: RM0.043 (vs RM0.024 in 3Q 2024) Third quarter 2025 results: EPS: RM0.043 (up from RM0.024 in 3Q 2024). Revenue: RM263.7m (up 14% from 3Q 2024). Net income: RM56.4m (up 70% from 3Q 2024). Profit margin: 21% (up from 14% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 2.9% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Major Estimate Revision • Aug 27
Consensus EPS estimates increase by 22% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from RM1.07b to RM1.09b. EPS estimate increased from RM0.098 to RM0.119 per share. Net income forecast to shrink 17% next year vs 3.6% growth forecast for Food industry in Malaysia . Consensus price target up from RM1.24 to RM1.29. Share price was steady at RM1.15 over the past week. Reported Earnings • Aug 21
Second quarter 2025 earnings released: EPS: RM0.037 (vs RM0.015 in 2Q 2024) Second quarter 2025 results: EPS: RM0.037 (up from RM0.015 in 2Q 2024). Revenue: RM268.8m (up 6.4% from 2Q 2024). Net income: RM49.2m (up 139% from 2Q 2024). Profit margin: 18% (up from 8.2% in 2Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 2.1% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. New Risk • May 21
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 6.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 6.1% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Apr 24
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: RM0.098 (up from RM0.069 in FY 2023). Revenue: RM1.02b (down 4.4% from FY 2023). Net income: RM135.7m (up 43% from FY 2023). Profit margin: 13% (up from 8.9% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) exceeded analyst estimates by 31%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Announcement • Apr 21
TSH Resources Berhad, Annual General Meeting, May 21, 2025 TSH Resources Berhad, Annual General Meeting, May 21, 2025, at 10:00 Singapore Standard Time. Location: ballroom 2, lg level, eastin hotel, 13, section 16/11, jalan damansara, 46350 selangor darul ehsan, petaling jaya Malaysia Major Estimate Revision • Mar 06
Consensus EPS estimates increase by 13% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from RM0.085 to RM0.096. Revenue forecast steady at RM1.08b. Net income forecast to shrink 4.4% next year vs 7.3% growth forecast for Food industry in Malaysia . Consensus price target up from RM1.22 to RM1.31. Share price fell 3.3% to RM1.17 over the past week. Price Target Changed • Mar 01
Price target increased by 7.3% to RM1.31 Up from RM1.22, the current price target is an average from 9 analysts. New target price is 10% above last closing price of RM1.19. Stock is up 12% over the past year. The company is forecast to post earnings per share of RM0.096 for next year compared to RM0.10 last year. Reported Earnings • Feb 28
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: RM0.10 (up from RM0.069 in FY 2023). Revenue: RM1.02b (down 4.4% from FY 2023). Net income: RM140.5m (up 48% from FY 2023). Profit margin: 14% (up from 8.9% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) exceeded analyst estimates by 31%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Nov 28
Upcoming dividend of RM0.025 per share Eligible shareholders must have bought the stock before 05 December 2024. Payment date: 20 December 2024. Payout ratio is a comfortable 69% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of Malaysian dividend payers (4.9%). Higher than average of industry peers (2.8%). Reported Earnings • Nov 22
Third quarter 2024 earnings released: EPS: RM0.024 (vs RM0.021 in 3Q 2023) Third quarter 2024 results: EPS: RM0.024 (up from RM0.021 in 3Q 2023). Revenue: RM231.9m (down 22% from 3Q 2023). Net income: RM33.1m (up 12% from 3Q 2023). Profit margin: 14% (up from 9.9% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Nov 21
TSH Resources Berhad Announces Interim Single-Tier Dividend for the Financial Year Ended 31 December 2024, Payable on 20 December 2024 TSH Resources Berhad announced interim Single-Tier Dividend of 2.5 Sen Per Ordinary Share for the Financial Year Ended 31 December 2024. Ex-Date is 05 December 2024 and Payment Date is 20 December 2024 and Entitlement date of 06 December 2024. Board Change • Oct 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent and Non Executive Director Ina Binti Ibrahim was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 23
Second quarter 2024 earnings released: EPS: RM0.015 (vs RM0.008 in 2Q 2023) Second quarter 2024 results: EPS: RM0.015 (up from RM0.008 in 2Q 2023). Revenue: RM252.5m (down 1.6% from 2Q 2023). Net income: RM20.6m (up 95% from 2Q 2023). Profit margin: 8.2% (up from 4.1% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Apr 22
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: RM0.069 (down from RM0.33 in FY 2022). Revenue: RM1.07b (down 18% from FY 2022). Net income: RM95.1m (down 79% from FY 2022). Profit margin: 8.9% (down from 35% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) exceeded analyst estimates by 9.6%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Apr 20
TSH Resources Berhad, Annual General Meeting, May 20, 2024 TSH Resources Berhad, Annual General Meeting, May 20, 2024, at 10:00 Singapore Standard Time. Agenda: To receive the Audited Financial Statements for the financial year ended 31 December 2023 together with the Reports of the Directors and Auditors thereon; to approve payment of Directors' fees of MYR 281,077 for the financial year ended 31 December 2023; to re-elect the Directors who are retiring by rotation in accordance with Clause 100 of the Company's Constitution, and who being eligible, offer themselves for re-election; to re-elect Velayuthan a/l Tan Kim Song who is retiring in accordance with Clause 97 of the Company's Constitution, and who being eligible, offers himself for re-election; and to consider other matters. Upcoming Dividend • Apr 15
Upcoming dividend of RM0.025 per share Eligible shareholders must have bought the stock before 22 April 2024. Payment date: 17 May 2024. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Malaysian dividend payers (4.5%). Lower than average of industry peers (2.7%). New Risk • Feb 24
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 27% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (10% net profit margin). Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: RM0.069 (vs RM0.33 in FY 2022) Full year 2023 results: EPS: RM0.069 (down from RM0.33 in FY 2022). Revenue: RM1.07b (down 18% from FY 2022). Net income: RM95.0m (down 79% from FY 2022). Profit margin: 8.9% (down from 35% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Price Target Changed • Nov 25
Price target increased by 7.3% to RM1.09 Up from RM1.02, the current price target is an average from 8 analysts. New target price is 10% above last closing price of RM0.99. Stock is down 11% over the past year. The company is forecast to post earnings per share of RM0.065 for next year compared to RM0.33 last year. Reported Earnings • Nov 24
Third quarter 2023 earnings released: EPS: RM0.021 (vs RM0.19 in 3Q 2022) Third quarter 2023 results: EPS: RM0.021 (down from RM0.19 in 3Q 2022). Revenue: RM298.7m (up 14% from 3Q 2022). Net income: RM29.5m (down 89% from 3Q 2022). Profit margin: 9.9% (down from 98% in 3Q 2022). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Major Estimate Revision • Aug 30
Consensus EPS estimates fall by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from RM1.14b to RM1.12b. EPS estimate also fell from RM0.073 per share to RM0.059 per share. Net income forecast to shrink 69% next year vs 2.7% growth forecast for Food industry in Malaysia . Consensus price target down from RM1.05 to RM1.02. Share price was steady at RM1.03 over the past week. Reported Earnings • Aug 24
Second quarter 2023 earnings released: EPS: RM0.008 (vs RM0.042 in 2Q 2022) Second quarter 2023 results: EPS: RM0.008 (down from RM0.042 in 2Q 2022). Revenue: RM256.6m (down 40% from 2Q 2022). Net income: RM10.6m (down 82% from 2Q 2022). Profit margin: 4.1% (down from 14% in 2Q 2022). Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Jun 09
Upcoming dividend of RM0.025 per share at 11% yield Eligible shareholders must have bought the stock before 16 June 2023. Payment date: 14 July 2023. Payout ratio is a comfortable 37% and the cash payout ratio is 98%. Trailing yield: 11%. Within top quartile of Malaysian dividend payers (5.4%). Higher than average of industry peers (3.9%). Major Estimate Revision • May 29
Consensus EPS estimates fall by 21% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from RM1.17b to RM1.13b. EPS estimate also fell from RM0.092 per share to RM0.073 per share. Net income forecast to shrink 71% next year vs 3.5% decline forecast for Food industry in Malaysia. Consensus price target down from RM1.18 to RM1.06. Share price fell 7.4% to RM0.94 over the past week. Price Target Changed • May 23
Price target decreased by 11% to RM1.06 Down from RM1.18, the current price target is an average from 9 analysts. New target price is 6.3% above last closing price of RM0.99. Stock is down 31% over the past year. The company is forecast to post earnings per share of RM0.062 for next year compared to RM0.33 last year. Reported Earnings • May 23
First quarter 2023 earnings released: EPS: RM0.021 (vs RM0.07 in 1Q 2022) First quarter 2023 results: EPS: RM0.021 (down from RM0.07 in 1Q 2022). Revenue: RM250.3m (down 26% from 1Q 2022). Net income: RM29.4m (down 70% from 1Q 2022). Profit margin: 12% (down from 29% in 1Q 2022). Revenue is forecast to decline by 5.1% p.a. on average during the next 3 years, while revenues in the Food industry in Malaysia are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 22
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: RM0.33 (up from RM0.12 in FY 2021). Revenue: RM1.31b (up 9.8% from FY 2021). Net income: RM456.4m (up 169% from FY 2021). Profit margin: 35% (up from 14% in FY 2021). Revenue missed analyst estimates by 8.5%. Earnings per share (EPS) exceeded analyst estimates by 91%. Revenue is forecast to decline by 7.3% p.a. on average during the next 3 years, while revenues in the Food industry in Malaysia are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: RM0.33 (vs RM0.12 in FY 2021) Full year 2022 results: EPS: RM0.33 (up from RM0.12 in FY 2021). Revenue: RM1.31b (up 10.0% from FY 2021). Net income: RM457.5m (up 170% from FY 2021). Profit margin: 35% (up from 14% in FY 2021). Revenue is forecast to decline by 10.0% p.a. on average during the next 3 years, while revenues in the Food industry in Malaysia are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Price Target Changed • Nov 24
Price target decreased to RM1.16 Down from RM1.37, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of RM1.11. Stock is up 0.9% over the past year. The company is forecast to post earnings per share of RM0.15 for next year compared to RM0.12 last year. Announcement • Nov 24
Tsh Resources Berhad Announces Single-Tier Interim Dividend for the Financial Year Ended 31 December 20222, Payable on 21 December 2022 TSH Resources Berhad announced Single-tier Interim Dividend of 8.0 sen per ordinary share for the Financial Year Ended 31 December 2022. Entitlement date is 08 December 2022. Ex-Date is 07 December 2022. Payment Date is 21 December 2022. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 6 highly experienced directors. Independent Non-Executive Director Natasha Binti Zulkifli was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 23
Second quarter 2022 earnings released: EPS: RM0.042 (vs RM0.029 in 2Q 2021) Second quarter 2022 results: EPS: RM0.042 (up from RM0.029 in 2Q 2021). Revenue: RM424.4m (up 38% from 2Q 2021). Net income: RM57.3m (up 44% from 2Q 2021). Profit margin: 14% (in line with 2Q 2021). Over the next year, revenue is expected to shrink by 3.9% compared to a 2.4% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Price Target Changed • Aug 23
Price target decreased to RM1.37 Down from RM1.52, the current price target is an average from 9 analysts. New target price is 32% above last closing price of RM1.04. Stock is down 3.7% over the past year. The company is forecast to post earnings per share of RM0.15 for next year compared to RM0.12 last year. Announcement • Aug 05
TSH Resources Berhad Announces Resignation of Tan Boon Siong as Chief Financial Officer TSH Resources Berhad announced resignation of Mr. Tan Boon Siong, 55 as Chief Financial Officer, effective August 4, 2022. Announcement • Jun 22
TSH Resources Berhad Announces Resignation of Tan Aik Yong as Executive Director TSH Resources Berhad announced the resignation of Mr. Tan Aik Yong as Executive Director. Date of change: 20 June 2022. Reason: Resigned as a Board member. Price Target Changed • Jun 21
Price target decreased to RM1.57 Down from RM1.71, the current price target is an average from 9 analysts. New target price is 45% above last closing price of RM1.08. Stock is up 1.9% over the past year. The company is forecast to post earnings per share of RM0.15 for next year compared to RM0.12 last year. Announcement • Jun 02
TSH Resources Berhad Announces Resignation of Michael Wong Chung Hau as Chief Financial Officer TSH Resources Berhad announced resignation of Michael Wong Chung Hau as Chief Financial Officer. Date of change is 1 June 2022. Reported Earnings • May 25
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: RM0.07 (up from RM0.015 in 1Q 2021). Revenue: RM337.3m (up 38% from 1Q 2021). Net income: RM96.5m (up 364% from 1Q 2021). Profit margin: 29% (up from 8.5% in 1Q 2021). Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) exceeded analyst estimates by 9.8%. Over the next year, revenue is forecast to grow 7.2%, compared to a 5.9% growth forecast for the industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Buying Opportunity • May 09
Now 24% undervalued Over the last 90 days, the stock is up 43%. The fair value is estimated to be RM2.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Earnings per share has grown by 55%. For the next 3 years, revenue is forecast to grow by 2.2% per annum. Earnings is forecast to decline by 3.5% per annum over the same time period. Announcement • May 08
TSH Resources Berhad (KLSE:TSH) completed the acquisition of Oil palm plantation land from Sharikat Keratong Sendirian Berhad for MYR 76 million. TSH Resources Berhad (KLSE:TSH) entered into a sale and purchase agreement to acquire Oil palm plantation land from Sharikat Keratong Sendirian Berhad for MYR 76 million on July 6, 2021. In a related transaction, TSH Resources Berhad entered into a sale and purchase agreement to acquire Oil palm plantation from Sharikat Keratong Sendirian Berhad for MYR 152 million on July 6, 2021 As of march 28, 2022. All the applicable conditions precedent stipulated under sale and purchase agreement 1 have been fulfilled and accordingly, the sale and purchase agreement 1 has become unconditional.
TSH Resources Berhad (KLSE:TSH) completed the acquisition of Oil palm plantation land from Sharikat Keratong Sendirian Berhad on May 6, 2022. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 5 highly experienced directors. Independent Non-Executive Director Natasha Binti Zulkifli was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 17
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: RM0.12 (up from RM0.058 in FY 2020). Revenue: RM1.19b (up 28% from FY 2020). Net income: RM169.4m (up 113% from FY 2020). Profit margin: 14% (up from 8.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) exceeded analyst estimates by 9.8%. Over the next year, revenue is forecast to grow 19%, compared to a 7.6% growth forecast for the industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.