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【TSH 9059 交流专区】陈顺风资源

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发表于 22-11-2012 03:46 PM | 显示全部楼层
第三季表现低预期 陈顺风股价挫1.8%

November 22, 2012 国内财经
(吉隆坡21日讯)陈顺风资源(TSH,9059,种植组)第三季盈利低于分析员预期,股价今天下跌。

早上10点38分,陈顺风资源股价跌4仙或1.8%至2.20令吉。闭市时,陈顺风资源也以这个价位作收,成交量达78万1千300股。

陈顺风资源呈交给马交所的记录显示,该集团截至2012年9月30日止第三季净利从前期的3千447万令吉萎缩52.4%至1千638万令吉。营业额方面也从前期的2亿7千315万令吉下跌11.9%至2亿4千零48万令吉。

马来亚投资银行在简短的报告中指出:“净利下滑的原因是受到生产成本高于预期,以及联营棕油提炼厂的贡献比预期低所影响。”

该证券行说,陈顺风资源的种植业务,尽管油棕鲜果串(FFB)产量抬高,却受到不冷不热的原棕油价拖累。

该行补充说:“700亿令吉的期货合约略微带动陈顺风资源2012年第三季的扣除利息、税务后的盈利,然而此推助的动力低于预期,主要是受到额外的施肥费用影响。与此同时,陈顺风资源从联营棕油提炼厂取得的盈利较去年的30万令吉下滑了93%。”

黄氏星展唯高达研究在今早发布的简短报告指出,陈顺风资源2012年第三季度的盈利报告有可能影响该股今天的股价走势。

截至9月30日的9个月期间,陈顺风资源的净利从9千439万令吉下滑51.2%至4千602万令吉,营业额方面则从8亿5千570万令吉下滑10.4%至7亿6千680万令吉。

每股盈利则为5.61仙,每股净资产为1.04令吉。

生产成本高拖累

鉴于陈顺风资源生产成本高且联营棕油提炼厂的盈利偏低,第四季的业绩将面临挑战,因此,马来亚投资银行削减对陈顺风资源的盈利预测。

“我们不认为陈顺风资源2012年第四季的盈利,可达致我们之前对其2012财年做出的预期,且陈顺风资源2012年第四季的产能,并无法抵消原棕油每吨平均价2千300令吉的劣势。因此,我们削减对陈顺风资源2012-2014财年的净利预测,这些也是出自对施肥费用高,以及2012财年联营棕油提炼厂的盈利偏低的考量。”

马来亚投资银行对陈顺风资源保持“持有”评级,同时将其目标价从2.18令吉削减至2.02令吉。

http://www.uniteddaily.com.my/?q=node/7109 本帖最后由 icy97 于 22-11-2012 04:24 PM 编辑

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发表于 31-12-2012 11:11 PM | 显示全部楼层
TSH RESOURCES BERHAD

Type
Announcement
Subject
OTHERS
Description
TSH RESOURCES BERHAD
STRIKING-OFF OF DORMANT SUBSIDIARY
The Board of Directors of TSH Resources Berhad (“TSH” or “the Company”) wishes to announce that Eko Paper Sdn. Bhd. (“EPSB”), an indirect subsidiary of the Company, has on 31 December 2012, made an application to the Companies Commission of Malaysia (“CCM”) to strike-off its name from the Register of the CCM under Section 308(1) of the Companies Act, 1965.

EPSB is a wholly-owned subsidiary of CocoaHouse Industries Sdn. Bhd., which in turn is a wholly-owned subsidiary of TSH. EPSB has not commenced operation since incorporation and has no intention to commence its business or operation in the future.

The striking-off of EPSB has no material effect on the earnings per share and net assets of the TSH group for the financial year ended 31 December 2012.

This announcement is dated 31 December 2012.

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发表于 23-2-2013 12:18 AM | 显示全部楼层
TSH RESOURCES BERHAD

Type
Announcement
Subject
OTHERS
Description
Proposed Acquisition of a new subsidiary
1. Introduction
Pursuant to Paragraph 9.19(23) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, the Board of Directors of TSH wishes to announce that the Company had on 22 February 2013 entered into a Share Sale Agreement to acquire 2 ordinary shares of RM1.00 each, representing the entire issued and paid-up share capital in Bagan Agresif Sdn. Bhd. (“Bagan”) for a total purchase consideration of USD2,170,000 (approximately RM6,510,000 based on an exchange rate of USD1.00 for RM3.00) from Maple Consolidated Limited (“Maple”) (“Proposed Acquisition”).


2. Details of the Proposed Acquisition
Bagan is a private limited company, incorporated in Malaysia on 20 February 2012 with an issued and paid-up share capital of RM2.00 comprising 2 ordinary shares of RM1.00 each. Bagan is the beneficial owner of 90% of the entire share capital of PT Andalas Wahana Sukses ("PT AWS").PT AWS had obtained the Ijin Lokasi for 5,180 hectares of land located in Desa Rantau Makmur and Tanjung Labu, Kecamatan Rantau Pulung, Kabupaten Kutai Timur (“Land”). In addition, PT AWS had obtained the necessary licence to develop the Land into oil palm plantation.


3. Conditions precedent to the Proposed Acquisition
The Proposed Acquisition is subject to the fulfillment of certain conditions precedent, inter-alia:-a) TSH is satisfied with the results of the legal and financial due diligence exercise on Bagan and PT AWS;b) TSH is satisfied with the results of the valuation on the Land conducted by a registered valuer;c) Maple has complied with all requirements of their constitution and/or requirements of the relevant law in relation to the transfer of the sale shares; andd) such other approvals from any other relevant bodies, persons, courts, authorities or regulatory bodies as may be necessary for the completion of the sale and purchase of the sale shares.

4. Basis of consideration
The purchase consideration of USD2,170,000 was arrived at on a willing-buyer, willing-seller basis after taking into consideration the value of the Land held by PT AWS together with certain assets and liabilities assumed. The purchase consideration will be financed through internally generated funds and borrowings. The Company will acquire the shares free from all charges, liens, pledges and other encumbrances and with all rights, benefits and entitlements attached thereto.

5. Effects of the Proposed Acquisition
The Proposed Acquisition will not have any effect on the share capital and shareholdings structure of TSH. Further, the Proposed Acquisition will not have any material impact on the net asset and earnings of the TSH Group for the financial year ending 2013. However, the Proposed Acquisition is expected to improve the future earnings of the TSH Group resulting from the development of the plantation land in the future.

6. Rationale for the Proposed Acquisition
The Proposed Acquisition would enable TSH to further increase its oil palm plantation areas in Indonesia.

7. Directors’ and substantial shareholders’ interest
None of the Directors or substantial shareholders of TSH or any person connected to the Directors and substantial shareholders has any interest, direct or indirect, in the Proposed Acquisition.

This announcement is dated 22 February 2013.


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发表于 26-2-2013 11:25 PM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
31/12/2012
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/12/2012
31/12/2011
31/12/2012
31/12/2011
$$'000
$$'000
$$'000
$$'000
1Revenue
216,835
278,509
983,680
1,134,203
2Profit/(loss) before tax
34,397
29,612
99,545
161,919
3Profit/(loss) for the period
30,696
24,336
84,375
129,529
4Profit/(loss) attributable to ordinary equity holders of the parent
30,624
24,067
76,651
118,456
5Basic earnings/(loss) per share (Subunit)
3.67
2.94
9.30
14.48
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
1.0600
1.0381
Type
Announcement
Subject
OTHERS
Description
TSH RESOURCES BERHAD ("TSH" or "the Company")
FIRST AND FINAL SINGLE TIER DIVIDEND OF 2.5 SEN PER ORDINARY SHARE FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2012
The Board of Directors of TSH is pleased to propose a first and final single tier dividend of 2.5 sen per ordinary share for the financial year ended 31 December 2012.

The first and final dividend is subject to shareholders’ approval at the forthcoming 33rd Annual General Meeting of the Company to be held at a date to be determined by the Board of Directors.

This announcement is dated 26 February 2013.
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发表于 28-2-2013 02:38 AM | 显示全部楼层
棕油產量强稳 陈顺风资源长期看好

財经 2013年2月27日
(吉隆坡27日讯)市场普遍看好陈顺风资源(TSH,9059,主板种植股)的长期前景,相信该公司的鲜果串產量可取得强稳成长,缓和未来原棕油价格走弱的影响。

陈顺风资源2012財政年末季(截至12月31日止)净利扬升27.2%,达3062万令吉;营业额则滑落22.1%,至2亿1683万令吉。       

全年而言,该公司净利下挫35.3%,至7665万令吉;营业额萎缩13.3%,报9亿8368万令吉。

陈顺风资源建议派发每股2.5仙的一次过单层股息。

若扣除180万令吉的外匯亏损,陈顺风资源的末季核心净利为3250万令吉,按季及按年分別成长60%和24%。

这將2012財政年的核心净利推高至8900万令吉(按年滑落24%)。高於预期的季度表现,主要由丰益国际(Wilmar)的联营油较厂所推动。

在强稳的赚幅支撑下,该油较厂共贡献1070万令吉,占末季核心净利的33%。

有鉴於沙巴的收成强稳,及印尼產量上涨贡献,该公司末季的鲜果串產量按季及按年分別增长36%及40%。

强劲的產量成长有助抵消按季滑落22%的平均原棕油价格,故相较于上季及去年同期的15%,其种植业务未计算利息和税项前盈利(EBIT)赚幅,已提高至19%。

缓和棕油跌价冲击

黄氏星展唯高达研究分析员预计,该公司的鲜果串数量可在2012至15財政年取得18%的年复合成长率(CAGR),归功於自2006年起,在印尼油棕园所积极进行的拓展活动。

分析员相信,这將缓和未来2年原棕油价格料走软所带来的影响。

陈顺风资源在印尼的新种植区达3000公顷,符合预期。

分析员推测该公司將维持印尼积极的扩展活动,因其仍有7万公顷的未种植地库。有鉴於去年12月份的负债率达1倍,分析员相信,该公司料缩减分配予非种植业务的资本开销。

分析员维持財测,看好其3年强稳的產量成长前景。同时,建议投资者等待更好的进场时机,给予「守住」的投资评级及1.90令吉的目標价格。

马银行金英投行分析员亦看好该公司的长期前景,因油棕树的树龄年轻,,相信在2011至14財政年可带来14%的鲜果串產量年复合成长率。分析员上调目標价格至2.32令吉,维持「守住」的投资评级。

另一方面,肯南嘉投行分析员则维持2013至14財政年的净利预测,因已將按年成长31%的鲜果串產量纳入预测中。分析员维持「与大市同步」的投资评级及2.00令吉的目標价格。

陈顺风资源股价在週三上涨8仙,或3.81%,至2.18令吉。[东方日报财经]
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发表于 6-3-2013 02:32 AM | 显示全部楼层
APULA 发表于 14-9-2012 10:04 PM
看好笨珍聯合 陳順風增持股權至20.2%  

財經股市14/09/2012 21:19

TSH RESOURCES BERHAD

Type
Announcement
Subject
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
TSH RESOURCES BERHAD (“TSH” OR “COMPANY”)

PROPOSED ACQUISITION BY BISA JAYA SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF TSH OF 349,552 ORDINARY SHARES OF RM1.00 EACH IN PONTIAN UNITED PLANTATIONS BERHAD (“PONTIAN”) REPRESENTING APPROXIMATELY 4.04% OF THE EQUITY INTEREST IN PONTIAN FROM LEE CHIN HWA (“PROPOSED ACQUISITION”)
Reference is made to the Company’s announcements dated 14 September 2012, 5 October 2012 and 9 November 2012 in relation to the Proposed Acquisition (“Announcements”). Unless otherwise stated, all defined terms in this announcement shall carry the same meanings as defined in the Announcements.

On behalf of the Board of Directors of TSH (“Board”), AmInvestment Bank Berhad wishes to announce that Bisa Jaya Sdn Bhd (“BJSB”), an indirect wholly-owned subsidiary of TSH, and Lee Chin Hwa had on 5 March 2013 entered into a rescission agreement (“Rescission Agreement”) mutually agree to rescind the share sale agreement dated 14 September 2012 in relation to the Proposed Acquisition (“SSA”).

The Board is of the view that the rescission of the SSA is not expected to have any material effect on TSH’s earnings per share and net assets for the financial year ending 31 December 2013.

The Rescission Agreement is available for shareholders’ inspection at the registered office of the Company at Level 10, Menara TSH, No. 8 Jalan Semantan, Damansara Heights, 50490 Kuala Lumpur during regular office hours from Mondays to Fridays (except public holidays) for a period of one (1) month from the date of this announcement.

This announcement is dated 5 March 2013.

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发表于 8-3-2013 10:31 PM | 显示全部楼层
3年鮮果串複合成長18%‧陳順風資源前景看好

熱股評析  2013-03-08 18:36
(吉隆坡8日訊)陳順風資源(TSH,9059,主板種植組)全年淨利雖下跌35.29%至7千665萬1千令吉,但仍超越市場預期,分析員指出,在積極發展印尼種植業務帶動下,預計未來三年將錄得18%鮮果串複合成長,業務前景受看好。

黃氏唯高達研究預計該公司2012至2015財政年可取得18%鮮果串複合成長,歸功於自2006年起積極擴展印尼油棕地,並有助於減緩棕油價趨軟帶來的衝擊。

去年陳順風資源在印尼的已栽種地已達3千公頃,鑒於仍持有7萬公頃未栽種地段,相信將維持在印尼的強勢擴大計劃。

大馬研究提到,該公司的棕油庫存已從2011年杪的近6千公噸,激增至2012年杪的近2萬公噸,相信是因為去年末季產量高企,不過接下來的棕油銷售價將比去年來得高。

或縮減非栽種業務資本開銷

黃氏唯高達認為陳順風資源可能會縮減非栽種業務的資本開銷,因為截至去年杪的淨負債水平已達104%,相較2011年杪為79.2%。

“同時,鑒於無法預見該公司的短期重估催化劑,因而建議投資者等待良好時機才進場。"(星洲日報/財經)

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发表于 14-3-2013 12:30 AM | 显示全部楼层
icy97 发表于 23-2-2013 12:18 AM

TSH RESOURCES BERHAD

Type
Announcement
Subject
OTHERS
Description
TSH Resources Berhad ("TSH" or "the Company")
Proposed acquisition of a new subsidiary
Further to our announcement dated 22 February 2013, TSH wishes to advise that as of the date of this announcement, all condition precedents pertaining to the acquisition of 2 ordinary shares of RM1.00 each, representing 100% equity interest in Bagan Agresif Sdn Bhd ("Bagan") had been complied with by both parties. In that relation, the acquisition of Bagan is deemed completed pending the registration of share transfer. Bagan and PT Andalas Wahana Sukses are now the subsidiary and sub-subsidiary of TSH respectively.

This announcement is dated 13 March 2013.

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发表于 2-4-2013 10:33 PM | 显示全部楼层
鮮果串產量回升‧陳順風資源展望樂觀

熱股評析  2013-04-02 18:39
(吉隆坡2日訊)陳順風資源(TSH,9059,主板種植組)鮮果串產量料在今年重新振作,資本開銷則預計下滑,帶動營運現金流轉強,大馬投資研究對該公司今年成長展望表示欣喜,重申“買進"評級。

大馬研究表示對陳順風資源鮮果串成長展望表示樂觀,認為成熟園地規模增加將明顯帶動鮮果串成長,助該公司擺脫去年6.3%低成長率,於今年重新迎來強勢雙位數成長。

“鮮果串成長料在擺脫去年樹壓後重新振作,成熟園地規模擴大至2千500公頃營造額外推動力,印尼園地料佔總產量65%至70%,樹齡年輕是該公司最主要優勢。"

陳順風資源位於印尼的果樹,樹齡介於7年至15年之間只佔4.5%,介於4至6年的果樹則佔34.7%,低於4年的果樹則佔超過53.4%。

上游業務成長賺幅料改善

大馬研究預見每公噸棕油生產成本今年持穩或稍微下滑,主要因原棕油產量增加和肥料價下滑,該公司沙巴和印尼每公噸生產成本目前分別為933令吉和1190令吉。長期而言,營運賺幅料因上游業務成長而逐漸改善。

此外,印尼新提煉廠延遲動工料讓今年資本開銷減少,帶動營運現金流重新超越1億令吉水平,淨負債也預計從目前104.4%下滑至96.7%。

除種植業務外,其他業務未來數年盈利貢獻料不明顯,木材和可可業務料分別在今年蒙受300萬和200萬令吉營運虧損,主要因全球市場對木製品需求疲軟。(星洲日報/財經)
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发表于 29-4-2013 02:25 AM | 显示全部楼层
TSH RESOURCES BERHAD

EX-date
26/06/2013
Entitlement date
28/06/2013
Entitlement time
05:00:00 PM
Entitlement subject
First and Final Dividend
Entitlement description
First and Final Single Tier Dividend of 2.5 sen per ordinary share
Period of interest payment
to
Financial Year End
31/12/2012
Share transfer book & register of members will be
to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no
Symphony Share Registrars Sdn. Bhd.
Level 6, Symphony House
Block D13, Pusat Dagangan Dana 1
Jalan PJU 1A/46
47301 Petaling Jaya
Selangor Darul Ehsan

Tel.: 03 7841 8000
Payment date
23/07/2013
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers
28/06/2013
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit

c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)

Entitlement indicator
Currency
Currency
Malaysian Ringgit (MYR)
Entitlement in Currency
0.025

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 楼主| 发表于 30-4-2013 06:11 PM | 显示全部楼层
不错。。还有利息。。。。
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 楼主| 发表于 1-5-2013 07:41 PM | 显示全部楼层
松大主要的买股方针是以'主题','价值和'时机'为主

主题是着重于新闻,可加快股价上升,减短等待的日子。例子如TAKAFUL,当公司宣布以12%来派股息后,吸引了基金经理了关注,股价直冲而上。以及最近的H7N9案例,如果证实会人传人,手套股将直接受惠
价值着重于公司基本面,如公司的现金流,债务,和盈利
时机着重于用图表找寻买入价。。

我喜欢。。。
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发表于 20-5-2013 10:55 PM | 显示全部楼层
陈顺风首季净利扬32%

财经新闻 财经  2013-05-21 09:52
(吉隆坡20日讯)油棕与生物集合业务表现优越,陈顺风(TSH,9059,主板种植股)截至今年3月31日止首季净利跃升32.36%至1992万5000令吉,上财年同期为1505万4000令吉。

其首季营业额也按年走高23.17%至2亿8005万5000令吉,上财年同期为2亿2737万8000令吉;首季每股盈利达2.39仙,高于上财年同期是1.84仙。

陈顺风指出,它联合控制的公司贡献更高的盈利,也协助带动首季盈利表现。

该公司董事部持续看好棕油领域的长期展望,并表示公司将继续专注在印尼的油棕种植计划,同时持续在本地寻机扩充业务。

http://www.nanyang.com.my/node/535382?tid=462

SUMMARY OF KEY FINANCIAL INFORMATION
31/03/2013
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/03/2013
31/03/2012
31/03/2013
31/03/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
280,055
227,378
280,055
227,378
2Profit/(loss) before tax
26,208
23,054
26,208
23,054
3Profit/(loss) for the period
21,386
17,942
21,386
17,942
4Profit/(loss) attributable to ordinary equity holders of the parent
19,925
15,054
19,925
15,054
5Basic earnings/(loss) per share (Subunit)
2.39
1.84
2.39
1.84
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
1.0861
1.0603

本帖最后由 icy97 于 22-5-2013 02:18 AM 编辑

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发表于 21-5-2013 11:21 PM | 显示全部楼层
陳順風資源冀年內 擴大種植地至5萬公頃

企業財經21 May 2013 17:56
(八打靈再也21日訊)陳順風資源(TSH,9059,主要板種植)放眼今年內擴大種植地超過5萬公頃,以進一步實現10萬公頃種植地的遠大目標。

陳順風資源主席拿督陳逸檳指出,公司目前共有面積達11萬1500公頃土地,其中有4萬6500公頃是種植地,其余約60%土地是未種植地。

“我們今年會把種植地擴大超過5萬公頃,至于未來計劃,我們還有6萬公頃潛在未種植地位于沙巴和印尼。”

他今日出席常年股東大會后,在記者會上如是談話;出席者包括董事經理拿督陳逸森。

陳逸檳說,該公司種植地的油棕,40%已成熟和剩余的60%未成熟;其中又有60%成熟油棕還很年輕,樹齡介于4年至6年之間。

“公司按年的生產量會隨著年輕油棕變得更成熟而增加,油棕樹鮮果串(FFB)生產量則會在今年增加30%。”

計劃建新廠

他指出,目前共有6間位于沙巴和印尼的棕油提煉廠,每年可提煉220萬公噸原棕油。

該公司計劃隔年建造一個新棕油廠,以在2018年前提高原棕油產量,至每年提煉300萬公噸原棕油。

他看好,未來原棕油消費提高及大豆油和原棕油價格相差大,料下半年原棕油價格將上升,遊走介于每公噸2600至2800令吉,帶動公司在下半財半年取得更佳業績。

“上半年的原棕油價雖走低于2200令吉,公司首季業績依然能錄得較好的淨利。”

另一廂,陳順風資源截至3月底首季業績,營業額增23%至2億8006萬令吉,淨利增32%至1992萬5000令吉。

無意售意高國際

陳順風資源的姐妹公司意高國際(EKOWOOD,5091,主要板消費)業績雖持續失血,但前者無意脫售。

陳逸森指出,意高國際大部分的生意都在歐美進行,公司計劃把生意帶進亞洲區域。

“我們不會售賣意高國際,以意高國際首季業績表現為例,相信此公司今年會有好轉。”

他指出,按年貢獻3%至4%至公司營業額,首季業績也有進步。

意高國際截至3月底首季業績,營業額漲29%至1282萬9000令吉,淨虧損從90萬8000令吉減少至38萬8000令吉。

http://www.chinapress.com.my/node/424333


下半年棕油價料復甦‧陳順風看好今年盈利

大馬 熱股評析  2013-05-21 18:32

。。。。。。。

最糟時期已過

陳順風資源首季淨利按年增長逾30%至約1千990萬令吉,分析員認為以往最糟時期已過,具備年輕成熟油棕樹是最大優勢,鮮果串亦處增長勢頭,一旦原棕油價回彈便可真正一嘗豐收喜悅。

肯納格研究認為最糟時期已過,這是連續第二季取得淨利增長,早前則連續4季淨利按年下挫。

黃氏唯高達說,鮮果串自2012財政年4年期年均增長複合率達18%,未來兩年可抵銷棕油低價,印尼自2006年來大事擴展,每年新種植約3千公頃新園坵。預測今明兩年原棕油價為每公噸2千445令吉與2千417令吉。

次季原棕油價或回升

馬銀行研究則認為第二季末原棕油價可能回升,加上下半年聯營之煉油廠貢獻提高,淨利可能超越其預測的按年增長11%至8千500萬令吉,另外木材與可可業務亦激勵淨利增長。

興業研究說,高負債將阻撓該公司擴展步伐。預測今明兩年原棕油價為2千400與2千600令吉,下調財測22%與27%至8千230萬令吉與1億零50萬令吉。(星洲日報/財經)



http://biz.sinchew.com.my/node/75318 本帖最后由 icy97 于 22-5-2013 01:25 AM 编辑

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发表于 4-6-2013 02:25 AM | 显示全部楼层
TSH RESOURCES BERHAD

Type
Announcement
Subject
OTHERS
Description
TSH RESOURCES BERHAD ("TSH" or "the Company")
- Application to strike-off 2 dormant wholly-owned subsidiaries
The Board of Directors of TSH wishes to announce that on 3 June 2013 , applications were made to the Accounting and Corporate Regulatory Authority of Singapore to strike-off the following wholly-owned subsidiaries of TSH pursuant to Section 344 of the Singapore Companies Act, Cap 50.
1)      Abaca Enterprise Pte. Ltd. (“Abaca”)
2)      TSH Palmco (Singapore) Pte. Ltd. (“TSH Palmco”)

Abaca and TSH Palmco were incorporated in Singapore on 15 January 2007 and 13 July 2009 respectively. The issued and paid-up share capital of each subsidiary is SGD10,000. Both subsidiaries are dormant and have no intention to commence any business activities in future.

The Board of Directors of TSH is of the opinion that the striking-off is in the best interest of the TSH Group. The striking-off will not have any material effect on the net assets and earnings per share of TSH Group for the financial year ending 31 December 2013.

This announcement is dated 3 June 2013.

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发表于 21-6-2013 12:17 AM | 显示全部楼层
TSH RESOURCES BERHAD

Type
Announcement
Subject
OTHERS
Description
Proposed acquisition of a new subsidiary
1.         Introduction
Pursuant to Paragraph 9.19(23) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, the Board of Directors of TSH wishes to announce that the Company had on 20 June 2013 entered into a Share Sale Agreement to acquire 2 ordinary shares of RM1.00 each, representing the entire issued and paid-up share capital in Casa Logistic Sdn. Bhd. (“Casa Logistic”) for a total purchase consideration of RM12,500,000.00 from Mega Everest Limited (“Mega Everest”) (“Proposed Acquisition”).

2.         Details of the Proposed Acquisition
Casa Logistic is a private limited company, incorporated in Malaysia on 22 February 2013 with an issued and paid-up share capital of RM2.00 comprising 2 ordinary shares of RM1.00 each. Casa Logistic had entered into a Share Sale Agreement with Mildura Investment Pte Ltd (“Mildura Investment”) to purchase ninety percent (90%) of the entire share capital of Mildura Investment in PT Perkebunan Sentawar Membangun (“ PT PSM”). PT PSM undertakes to obtain the approval from “Badan Koordinasi Penanaman Modal” (“BKPM”) for Mildura Investment to transfer ninety percent (90%) of the entire share capital of Mildura Investment in PT PSM to Casa Logistic and to ensure Casa Logistic is the beneficial owner of ninety percent (90%) of the entire share capital of PT PSM.

PT PSM had obtained the Ijin Lokasi for 5,084 hectares of land located in Kabupaten Kutai Barat, Kecamatan Siluq Nguray, Kampung Muara Kiaq, Tendiq and Penawang, Provinsi Kalimantan Timur (“Land”). In addition, PT PSM had obtained the necessary licence to develop the Land into oil palm plantation.  

3.         Conditions precedent to the Proposed Acquisition
The Proposed Acquisition is subject to the fulfillment of certain conditions precedent, inter-alia:-
a)                 PT PSM has obtained the approval from BKPM for Mildura Investment to transfer ninety percent (90%) of the entire share capital of Mildura Investment in PT PSM to Casa Logistic;

b)                 Casa Logistic becomes the beneficial owner of ninety percent (90%) of the entire share capital in PT PSM;

c)                  TSH is satisfied with the results of the legal and financial due diligence exercise on Casa Logistic and PT PSM;

d)                 Mega Everest has complied with all requirements of their constitution and/or requirements of the relevant law in relation to the transfer of the sale shares; and

e)                 such other approvals from any other relevant bodies, persons, courts, authorities or regulatory bodies as may be necessary for the completion of the sale and purchase of the sale shares.

4.         Basis of consideration
The purchase consideration of RM12,500,000.00 was arrived at on a willing-buyer, willing-seller basis after taking into consideration the value of the Land held by PT PSM together with certain assets and liabilities assumed. The purchase consideration will be financed through internally generated funds and borrowings. The Company will acquire the shares free from all charges, liens, pledges and other encumbrances and with all rights, benefits and entitlements attached thereto.

5.         Effects of the Proposed Acquisition
The Proposed Acquisition will not have any effect on the share capital and shareholdings structure of TSH. Further, the Proposed Acquisition will not have any material impact on the net asset and earnings of the TSH Group for the financial year ending 2013. However, the Proposed Acquisition is expected to improve the future earnings of the TSH Group resulting from the development of the plantation land in the future.

6.         Rationale for the Proposed Acquisition
The Proposed Acquisition would enable TSH to further increase its oil palm plantation areas in Indonesia.

7.         Directors’ and substantial shareholders’ interest
None of the Directors or substantial shareholders of TSH or any person connected to the Directors and substantial shareholders has any interest, direct or indirect, in the Proposed Acquisition.

This announcement is dated 20 June 2013.

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发表于 21-6-2013 08:44 PM | 显示全部楼层
陳順風油棕產量料走高

熱股評析  2013-06-21 17:32
(吉隆坡21日訊)
■新聞
陳順風資源(TSH,9059,主板種植組)重啟兩年前喊停的參股計劃,透過1千250萬令吉全購卡沙物流(Casa Logistic),將間接持有Sentawar農業發展公司(PTPerkebunan Sentawar Membangun)的90%股權,後者擁有加里曼丹東部的5千零84公頃土地。

■分析
分析員普遍看好上述交易,預期可進一步推高陳順風資源的土地與油棕產量,惟一些分析員審慎看待該公司債務增加的變化。

肯納格研究指出,上述交易的每公頃土地出價約2千732令吉,雖高於2012年的1千754令吉市價,但當地策略地點買少見少,陳順風資源的出價仍算合理。

該行補充,完成收購後,該公司旗下種植地段將增加5%至10萬3千927公頃,未來5年的鮮果串產量每年至少可增加15%,預期這項交易將從2017財政年起貢獻盈利。

大眾研究認為,雖然該公司擁有5千350萬令吉現金,足以應付上述交易,但該公司淨負債率已攀至1倍,短期內可能不會再展開任何收購活動。

馬銀行研究表示,該公司的油棕樹平均樹齡為7年、2012至2015年累積成長達19%、7萬1千716公頃保留土地等優勢確實不俗,但股票估值已達17倍本益比,負債率更高居93%,加上原棕油行情仍疲弱,因此無意修改其“守住”評級。

週五閉市,陳順風資源收2令吉42仙,漲4仙。(星洲日報/財經)

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发表于 22-6-2013 10:35 PM | 显示全部楼层
陈顺风 购地价格合理

行家论股  2013-06-22 12:14

【目标价:2.38令吉】

最新进展:
陈顺风(TSH,9059,主板种植股)以1250万令吉,收购印尼Casa Logistic公司,后者在加里曼丹(Kalimantan)东部拥有5084公顷未开发土地。
行家建议:

我们认为,这收购价合理,因为已为该地皮取得位置许可证,并准备好种植油棕。

这项收购计划将把陈顺风的可种植地皮储备扩大15%,至7万1716公顷,而总地库则扩大5%,至10万4000公顷。

假设公司每年新种植目标为4000公顷,可种植地皮储备将可维持18年。

我们持续看好陈顺风长期前景,因为平均树龄为7年,预计鲜果串产量在2012至2015复合年增长率(CAGR)为19%,以及公司有7万1716公顷可种植地皮储备。

不过,我们认为公司目前17倍本益比处于合理水平。

此外,在目前原棕油价格疲软趋势下,陈顺风目前高净负债93%也阻碍公司更积极扩展业务。



http://www.nanyang.com/node/543242?tid=709
本帖最后由 icy97 于 22-6-2013 10:51 PM 编辑

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发表于 9-7-2013 01:22 AM | 显示全部楼层
陈顺风私下配售

财经新闻 财经  2013-07-09 12:59
(吉隆坡8日讯)陈顺风(TSH,9059,主板种植股)献议,私下配售2086股新股,这占公司缴足资本约2.5%比重。

公司在文告中指出,假设这项私下配售计划定价在每股2.41令吉,公司料可筹集高达接近5027万令吉的资本,将用在营运资本或未来投资项目。

虽然私下配售计划将冲淡每股盈利,但基于筹集的资本将用作营运资本,节省利息且有助改善净利。

因此,他们看好这项计划对公司净利带来贡献。

该计划预计在今年第三季完成。[南洋网财经]

TSH RESOURCES BERHAD

Type
Announcement
Subject
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
Description
TSH RESOURCES BERHAD (“TSH” OR “COMPANY”)

PROPOSED PRIVATE PLACEMENT OF 20,860,000 NEW ORDINARY SHARES OF RM0.50 EACH IN TSH REPRESENTING APPROXIMATELY 2.5% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF THE COMPANY (“PROPOSED PRIVATE PLACEMENT”)
This announcement is dated 8 July 2013.

On behalf of the Board of Directors of TSH (“Board”), AmInvestment Bank Berhad (“AmInvestment Bank”) is pleased to announce that the Company proposes to undertake a private placement of 20,860,000 new ordinary shares of RM0.50 each in TSH (“TSH Share(s)”), representing approximately 2.5% of the issued and paid-up share capital of the Company.
Attachments

本帖最后由 icy97 于 9-7-2013 02:36 PM 编辑

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发表于 9-7-2013 10:32 PM | 显示全部楼层
陳順風資源財測保持

熱股評析  2013-07-09 17:54
(吉隆坡9日訊)陳順風資源(TSH,9059,主板種植組)展開私下配售2.5%股權計劃,獲得分析員普遍正面回響,看好此舉有利強化資產負債表,並緩和高企負債壓力,對盈利稀釋效益不大,維持今明財政年財測不變。

陳順風資源週一建議以每股2令吉41仙私下配售2千零86萬股新股或2.5%股權,大眾投資銀行表示,配售參考價仍未確定,但料以不超過5日加權市場平均價折價10%水平為定價基礎,假設參考價為2令吉41仙,整個計劃將可籌措至少5千零20萬令吉。

“上述計劃所有資金將充作營運資本和投資用途,我們認為透過展開私下配售籌資確實是強化資產負債表的最佳方案,因目前達1倍的負債比相對高企。”

馬銀行研究對此深表認同,看好陳順風資源私下配售將降低負債比從96.8%(截至2013年3月31日止)到91.9%,同時將強化其資本基礎,並改善股票交易流通性。

“相關活動僅會對集團盈利帶來些許衝擊,主要是新股將以2014年17倍本益比,或相等於5.9%股本成本進行配售,因此在對照常年4.3%平均借貸成本厚,立即盈利稀釋效益相對溫和。”

種植地續擴大

另一方面,黃氏唯高達研究預期陳順風資源今年取得3千公頃新種植面積目標,並繼續在印尼尋找合適地庫以供未來使用,這將提高今年杪總種植面積至3萬5千500公頃。

“我們相信在集團積極擴張政策下,今年杪其未成熟種植面積將達到32%。”

整體來說,肯納格研究看好陳順風資源短期前景依舊正面,料今年第二季鮮果串產量按年增長逾30%,有利緩衝原棕油價格走疲帶來的衝擊。

“長期前景也依舊良好,主要是集團旗下77%油棕樹齡低於7歲,未來產能有望走揚,因此我們相信未來3年鮮果串產量增速可超過18%。”

有鑑於此,肯納格以2013和2014財政年每公噸2千500令吉至2千700令吉的原棕油目標價為基準,維持陳順風資源今明財政年介於1億零400萬至1億7千100萬令吉盈利目標不變。(星洲日報/財經)

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