TSH - Expecting rebound soon

TSH (9059)
Plantation

Below is the recent evaluation by IBs.

Date	Open Price	Target Price	Upside/Downside	Price Call	IB
18/09/2012	2.31	2.92	+0.61 (26.41%)	BUY	OSK
18/09/2012	2.31	2.95	+0.64 (27.71%)	BUY	KENANGA
18/09/2012	2.31	2.65	+0.34 (14.72%)	BUY	HLG
10/09/2012	2.42	2.85	+0.43 (17.77%)	BUY	KENANGA

Fundamental Point

From Kenanga

"bought a 20 percent stake in Pontian United Plantation. & become the single largest shareholder of PUPL."

"Further benefit can be realised from the TSH-Pontian synergy as Pontian's plantation landbank is located near TSH's landbank in Lahad Datu, Sabah"

"raised its 2013 financial year earnings estimates by 5 percent to RM158 million"

KLSEPSP - TSH next target?

TSH Resource
Plantation

After share split due to bonus, price has slowly increase.

• For the 1st lift, price increased by 61.8% fibo.
• 2nd lift, price increased by 138.2% fibo.
• 3rd lift, price increased by 100% fibo.
• 4th lift, at the moment, price can consider increased at 61.8% fibo. The question is, in the 4th lift, can the price continue to increase to 100% fibo or maybe 138.2% fibo?

Let's check on chart.

1. Wm%R & Stoch are positive.
2. RSI & MFI increasing and reaching 70% & 74% respectively.
3. MACD is in bullish territory, and just cross with histogram above 0.
4. ADX= signal line has been on trend for quite sometime. with +DI at 40 and -DI at below 20.
5. 1st, need to break RM2.45, once broken, next target is RM2.56 (100% fibo) and RM2.67 (138.2% fibo).

Below is buy call from 3 latest IB (since Feb)

Date	Open Price	Target Price	Upside/Downside	Price Call	Source
27/02/2012	2.15	2.88	+0.73 (33.95%)	BUY	JUPITER
24/02/2012	2.16	2.88	+0.72 (33.33%)	BUY	JUPITER
23/02/2012	2.15	2.65	+0.50 (23.26%)	BUY	OSK