$TSH / 9059 (TSH RESOURCES BERHAD)
Research by TA
Buy – TP of MYR 1.37
“Planned Expansion with Stronger Balance Sheet ”
TSH’s 1QFY24 results came in within market expectations. Stripping out disposal gain and other exceptional items, 1QFY24 core net profit surged to RM22.7mn. The commendable results were mainly attributable to reduced losses from JVs and lower finance costs
Analyst(s):
Angeline Chin
angelinechin@ta.com.my