No lar....

The edge got a piece on TSH (finally getting some exposure )

http://www.theedgemalaysia.com/insider-asi...h-for-tsh-.html

Look at the projected FFB output graph and the mature/immature/unplanted land profile... The growth is assured for the next 10 years or so.

But how many got patience to wait 10 years to fully reap the fruit...maybe that is why the share not moving

This post has been edited by gark: Mar 5 2014, 03:48 PM

hahaha

now drop 3 sen...

TSH went up 5 sen.. aisey....

Havent finish collecting...

This post has been edited by gark: Mar 5 2014, 05:34 PM

Apasal on strike pulak?

Lol this share must hold for 5-10 years before can become fruit.. u want to wait that long meh?

The palm tree itself need 7 years from young to mature and bear fruit.. the empty land need to be planted. TSH currently have very young trees >50% at less than 3 years old, and >60% of land not planted yet.

So it DOES need a LONG time to realize the profit. In the mean time all earnings will be plowed back for new plantings at 4k-5k ha per year.

After all the trees are matured and fully planted in 10 years or so, i believe the EPS will easily be 3x even at low palm oil price.

This post has been edited by gark: Mar 5 2014, 07:22 PM

Boon.. homer directors throw another 1 mil shares in off market deal,...

LOL ... i thought u like to talk wind one.

Your gUli looks like want to drop into kelong only...

RM 1 is the very important support...watch that

This post has been edited by gark: Mar 5 2014, 08:16 PM

How? Looks like got breakout soon?

Alamak already +8 sen..

This post has been edited by gark: Mar 6 2014, 09:58 AM

Gotta think more long term.. the best gains are when you have the patience to wait...

10 years, minimum 3x EPS not good enough meh?

This post has been edited by gark: Mar 6 2014, 10:00 AM

This kiam siap ness saved my skin more than a few times, but also make me lost opportunities more than once as well.

Ok lah... at least green > red...

How about you?

Yeah very long time as well 60,000 hectares not planted yet.. will take 15 years to plant all...

I think you already influence everyone...

Even ah loo 1 month haven't trade his gUli yet...

In fact they are looking to buy another 30k land by 2H2014... yeah 25 years is about right..

Why you say so leh?

In terms of PE is very expensive now at about PE 20-25x. It is also not a share for short term gains.

But growth potential is 15-20% p.a. due to maturing palm oil estates. Currently TSH has about 25k ha of newly matured trees (age 5-12) and another 15k ha of unmatured trees (<5 years). Once trees reach prime maturity between age 12-18 they can produce 20-24 ton per ha. Currently TSH newly matured trees are only doing 16-18 ton per ha as they have not reach peak maturity. FFB production is projected to grow at 15-20% p.a. in the foreseeable future due to continuous plantings.

However TSH has another 70,000 ha (including new aquired 27,000 ha in Sabah) which is not planted yet. At the rate of planting of 4000-5000 ha per annum, the unplanted reserves will last >10 years. At cost of planting per ha up-to maturity of USD 16k per ha, TSH will need to keep plowing in money for capex at rate of >250 million a year. Part of this capex will be adsorbed by the profits (currently about 50%), and the rest by loans and cash reserves. Almost every year TSH is doing PP to raise capital and I am not surprised they will continue to raise required capital at least until 2016-2017 where their profits are sufficient to cover 100% of thier thier capex.

So the price will be muted for a while due to the high valuations and people have no patience waiting for the trees to grow. And do not expect good dividend with such high capex requirement for the next 10 years.

This post has been edited by gark: Mar 6 2014, 10:50 AM

Haha even they pass away they will hand over to their children mah.. i intend to will my shareholding to my children someday..

Why not choose KLK or public bank... those 20-30 years also not die

This post has been edited by gark: Mar 6 2014, 10:53 AM

Ya the dilution is a factor, but more or less they have no choice, they need the money. Unless good CPO price boost their profit temporary then they might need less borrowing.

Even the main shareholder got his share diluted to 18%... you see in announcement he almost everyday try to buy back as much as possible to raise his stake back.

This company easy target for takeover since the main shareholder % is so small..... i think he knows

This post has been edited by gark: Mar 6 2014, 11:00 AM