Two Timely Successful Calls on TSH—Which Stocks Is This Analyst Backing Now?
StockTipRatings ·
Plantation company TSH Resources has experienced significant share-price swings in recent months. Its second-quarter earnings improved sequentially, and its shares rebounded in August and early September before giving back those gains. In late September, the company disclosed an administrative fine of approximately RM42 million involving its Indonesian subsidiary, drawing attention to the potential earnings impact.
Before the rebound, TA Securities analyst Angeline Chin had already turned positive on TSH Resources. On August 20, she upgraded the stock from “Hold” to “Buy”, maintaining her RM1.34 target price. The shares subsequently climbed from their closing price of RM1.22 on the upgrade date to an intraday high of RM1.56 on September 9—a gain of 28% in approximately three weeks.
At the time, Angeline believed the earlier share-price decline had made the valuation and potential returns more attractive. Second-quarter core net profit had recovered to approximately RM51.2 million from RM18.9 million in the preceding quarter. She expected supportive crude palm oil prices, Indian festive demand and Indonesian biodiesel demand to underpin subsequent earnings.
Less than a month later, the share price had moved well above her target, prompting Angeline to turn bearish. On September 11, she downgraded TSH Resources to “Sell”, retaining her RM1.34 target price. The stock closed at RM1.50 that day before retreating to RM1.18 on October 12, a decline of 21%.
She remained positive on the plantation sector’s medium-term outlook but believed the rally had made the stock’s potential returns less attractive, leading to the downgrade. Rising Malaysian palm oil inventories and weaker exports could also limit near-term gains in crude palm oil prices.
Following the pullback, she changed her assessment again. On October 13, Angeline upgraded TSH Resources from “Sell” back to “Buy”, maintaining her RM1.34 target price as the lower share price made its valuation more attractive. She expected improving Indian demand, Indonesian biodiesel consumption and the delayed effects of El Niño on palm oil production to support medium-term crude palm oil prices.
As of November 6, TSH Resources closed at RM1.12, down 5.1% from its RM1.18 closing price on the October upgrade date. Relative to her RM1.34 target price, this implies 19.6% potential upside.
According to StockTipRatings’ latest one-year performance data, Angeline Chin has an Expert Rating of 63%, an average return of 5.7% and a success rate of 72%.
A similar pattern emerged in SD Guthrie. Angeline upgraded the stock to “Buy” in March before moving to “Hold” approximately five months later, near a recent share-price high. Following her March 9 upgrade, the stock rose from that day’s closing price of RM5.79 to an intraday high of RM6.95 on August 11, gaining 20%.
On August 12, she downgraded SD Guthrie to “Hold”, believing that an improving crude palm oil price outlook, downstream growth and land-value monetisation were largely reflected in the share price. The stock subsequently fell from its RM6.80 closing price on the downgrade date to an intraday low of RM6.02 on September 4, a decline of 11.5%. After the pullback, she upgraded it back to “Buy” on September 11, maintaining her RM7.36 target price.
In her latest report dated November 6, Angeline maintained “Buy” on SD Guthrie and raised her target price further to RM7.61. Based on its RM6.00 closing price that day, this implies 26.8% potential upside—the highest among the plantation stocks she currently rates “Buy”.
Which Stock Has Angeline Recently Upgraded—and What Else Does She Like?
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