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TSH ? a trading opportunity?
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i4value
Senior |
28-Jan-2024 08:17
Yells: "i4value.asia" |
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The ROE of TSH, a Bursa Malaysia plantation company had under performed my reference plantation company &ndash KLK, for many years. But over the past few year TSH&rsquo s ROE have been improving. In fact in 2022 it did better than KLK and its 2023 ROE is probably going to match that of KLK.   Is this then a company with improving fundamentals? The plantation sector is cyclical and you have to look at its performance over the cycle for any meaningful conclusion   But from the short term perspective there may be a trading opportunity as the market have yet to price in its improved performance. |
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