TSH Resources Malaysia Company Update TSH Resources Malaysia Company Update RHB Small Cap Asean Research 9 July 2025 Agriculture | Plantation Shariah Compliant TSH Resources (TSH MK) Limited Growth Visibility Maintain NEUTRAL, with new MYR1.10 TP from MYR1.15, 1% downside. We expect 2026 to be a more balanced year fundamentally, with lower YoY CPO prices,…
“`html RHB Plantation Sector Report RHB Plantation Sector: More Even Fundamentals; Geopolitical Risks Remain 9 July 2025 Plantation More Even Fundamentals; Geopolitical Risks Remain Regional Sector Update Agriculture | Plantation Neutral (from Overweight) Downgrade to NEUTRAL from Overweight; Top Picks: Value plays – Johor Plantations (JPG), Sarawak Oil Palms (SOP), IOI Corp (IOI) and London…
# Sarawak Oil Palms: Solid Fundamentals, Appealing Valuation; Keep BUY 9 July 2025 Sarawak Oil Palms (SOP MK) Agriculture | Plantation Solid Fundamentals, Appealing Valuation; Keep BUY Keep BUY, with new MYR3.80 from MYR4.80 TP, 22% upside and c.4% FY26F yield. We expect 2026 to be a more balanced year fundamentally, with lower YoY CPO…
AEONCR (5139): Déjà Vu in Earnings, Strong Growth Ahead Summary (TL;DR): Research Firm: RHB Investment Bank Subject: AEONCR / AEONCR (5139) Core Rating: BUY Target Price / Top Picks: MYR 8.10 One-Liner: Despite a 1QFY26 earnings miss due to higher-than-expected credit costs, AEON Credit Service maintains a BUY rating as underlying asset quality improves, signaling…
TAANN (5012): Navigating Volatility with a Breakeven Timber Segment Summary (TL;DR): Research Firm: RHB Investment Bank Subject: TAANN / TAANN (5012) Core Rating: HOLD Target Price / Top Picks: MYR 3.60 One-Liner: RHB maintains a Neutral rating on Ta Ann, expecting a more balanced fundamental year in 2026 with volatile CPO prices and a breakeven…
“`html YTLPOWR (6742): Powering Future Growth with Data Centres and Resilient Utilities Summary (TL;DR): Research Firm: HLG Investment Bank Subject: YTLPOWR / YTLPOWR (6742) Core Rating: BUY Target Price / Top Picks: MYR 5.02 One-Liner: HLIB Investment Bank maintains a ‘BUY’ rating on YTLPOWR, forecasting sustained earnings driven by robust data centre expansion, improved performance…
JPG (5323): Strong ESG & Downstream Potential Drive RHB’s BUY Call, MYR1.45 Target Summary (TL;DR): Research Firm: RHB Investment Bank Subject: JPG / JPG (5323) Core Rating: BUY Target Price / Top Picks: MYR 1.45 One-Liner: Johor Plantations Group (JPG) maintains an attractive valuation, supported by strong ESG credentials and promising downstream opportunities, despite anticipated…
SDG (5285): Value Unlocking Strategy Justifies Premium, RHB Says BUY Summary (TL;DR): Research Firm: RHB Investment Bank Subject: SDG / SDG (5285) Core Rating: BUY Target Price / Top Picks: MYR 5.45 One-Liner: RHB believes SD Guthrie’s value-unlocking strategy warrants a premium valuation, as contributions from its new business verticals are yet to be fully…
BNASTRA (7195): Robust Orderbook Fuels Strong Earnings Visibility Summary (TL;DR): Research Firm: MERCURY Investment Bank Subject: BNASTRA / BNASTRA (7195) Core Rating: BUY Target Price / Top Picks: MYR 2.54 One-Liner: Binastra clinched a new RM405m contract, boosting its outstanding orderbook to a robust RM4.6bn, ensuring strong earnings visibility and sustainability. Report at a Glance…
BNASTRA (7195): Secures RM405mn Contract, Propelling Orderbook to RM4.6bn, Target MYR 2.53 Summary (TL;DR): Research Firm: TA Investment Bank Subject: BNASTRA / BNASTRA (7195) Core Rating: BUY Target Price / Top Picks: MYR 2.53 One-Liner: Binastra Corporation Berhad’s latest RM405mn contract win significantly boosts its unbilled orderbook to RM4.6bn, ensuring robust earnings visibility and cementing…
