Kent Tay's comment on TSH. All Comments

Kent Tay
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there is another 2 more quarters to go, 42m is wiping off around 60% of the 1st half year profit. the + points is crude palm oil still remains at attractive price of RM4k per tonne and their strong FFB output will somehow cushion off partial of the RM42m fine, the downward share price pressure might continue into the 3rd quarter till the Q3 results gets released.... another + point to note: tsh is paying the RM42m fine in 4 equal instalments, hence the cash flow is not as tight as it seems and last but not least TSH had been buying back their own shares from open market so that the eps doesn't look too ugly on their FS
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