$TSH / 9059 (TSH RESOURCES BERHAD)
Research by TA
Sell - TP RM1.07

"Lack of Major Catalyst"

Post the earnings adjustment, we have lowered TSH’s TP to RM1.07 (previously RM1.22), based on CY25 PER of 16x. Maintain Sell.

Analyst:
Angeline Chin
angelinechin@ta.com.my