Dear friends of i3 Forum,
We went through the Annual Report for 2023 of TSH RESOURCES recently & found Wonderful Discoveries
Presented here for all to read
(Please Refer to Bursa as All Details extracted from 2023 TSH Annual Report)
5-Year Financial Highlight
& Financial Indicators
All figures in RM’000............... 2019........... 2020.............. 2021............... 2022.................. 2023
FINANCIAL HIGHLIGHTs
Revenue................... 838,894......... 926,003........ 1,188,919.......... 1,305,999............ 1,066,516
Core profit before taxation.... 69,062........ 128,577....... 266,891..... 257,178........... 182,340
Profit before taxation............. 74,006........ 130,242...... 254,084...... 557,297........... 197,837
Profit after taxation............... 45,625.......... 90,324....... 202,013...... 524,993........... 125,825
Profit attributed to Company 44,280.......... 79,487....... 169,415 ......456,407............. 95,112
Total assets.................... 3,265,134........ 3,171,777.... 3,308,036..... 2,959,278.......... 2,845,022
Total borrowings............ 1,431,797......... 1,309,195.... 1,109,325..... 559,111............. 302,120
Shareholders’ equity...... 1,438,982......... 1,453,432.... 1,641,330.... 1,900,839.......... 2,046,973
Total equity.................... 1,574,720......... 1,597,783..... 1,813,588.... 2,132,058.......... 2,305,281
FINANCIAL INDICATORS
Basic earnings per share (sen)...... 3.21....... 5.76...... 12.27....... 33.07....... 6.89
Diluted earnings per share (sen).... 3.21...... 5.76...... 12.27....... 33.07....... 6.89
Net asset per share....................... 1.04...... 1.05....... 1.19......... 1.38......... 1.48
Return on shareholders’ equity (%)(1) 3.08.... 5.47... 10.32....... 24.01........ 4.65
Return on total assets (%)(2)............. 1.36.... 2.51.... 5.12........ 15.42........ 3.34
Net debt to equity (%)(3)................. 82.93..... 71.00... 44.78....... 8.31......... 2.02
Share price as at financial year end.. 1.54..... 1.15..... 1.08......... 1.07......... 0.98
OK FROM ABOVE LET US DO A BREAK DOWN
REVENUE UP FROM
Year 2019: Rm 838,894,000 to Year 2023: Rm1,066,516,000
Or up Rm227,622,000 (Up by 27.1%)
Profit After Tax
2019 : Rm45.625 Millions
2023: Rm125.825 Millions
Up by 275% from year 2019 to 2013
NET ASSET PER SHARE
Year 2019: Rm1.04 to Year 2023: Rm1.48
Up by 44 sen (or up by 42.3)
TOTAL BORROWINGS
Year 2019 Rm1413797,000 or RM1.413 BILLIONS BORROWINGS
Year 2023 Rm302,120,000 or Rm320.12 Millions
From year 2019 to 2023
Borrowings Reduced by Rm1,111,677,000
Borrowings Reduced by RM1.11 BILLIONS
Or borrowings reduced by 78,6% in 5 Years
Or TSH RESOURCES pared down Debt by 15.7% Each Year of the Last 5 Year!
Well Done! Well Done Indeed!!!
NET DEBT TO EQUITY
2019 : 82.93%
2023: 2.02%
REALLY FANTASTIC
TSH IS NOW ALMOST DEBT FREE (IF WE INCLUDE ITS NET CASH & LIQUID INVESTMENTS)
VERY ROCK SOLID BALANCE SHEET INDEED!
BUT THE BEST OF ALL IS ITS SHARE PRICE HAS FALLEN TO BARGAIN BASEMENT LEVEL
SEE
Share price as at financial year end
.2019: Rm1.54..... 2020: Rm1.15..... 2021: 1.08......... 2022: Rm1.07......... 2023: 0.98 sen
ALL ABOVE FIGURES EXTRACTED AS IS WHERE IS FROM BURSA WEBSITE
As of Now TSH is Rm1.13
Our Target price is Rm1.50
And after that Rm2.00 to Rm3.00
See this
"I STUDY THE NUMBERS"
................John Neff
(Van Guard; Winsor Top Fund Manager)
WITH WARM REGARDS
Calvin Tan
Please buy or sell after doing your own due diligence or consult your Remisier/Fund Manager
Created by calvintaneng | Jun 25, 2024
Created by calvintaneng | Jun 20, 2024
UOB IN TOP 7 WITH 46.4 MILLIONS TSH RESOURCES SHARES
DBS BANK WITH 38 MILLION TSH SHARES IN TOP 10
REFER TSH RESOURCES LATEST ANNUAL REPORT (SOURCE BURSA)
1 month ago
PUBLIC MUTUAL 3 FUNDS COMBINED IS IN TOP 8 OF TSH
EAST SPRING FUND ALSO IN TOP 30 OF TSH
MANULIFE INSURANCE ALSO IN TOP 30
1 month ago
calvintaneng
7. UOB Kay Hian Nominees (Asing) Sdn. Bhd.
Exempt AN for UOB Kay Hian Pte. Ltd.
46,410,358
IS IN TOP 7 OF TSH RESOURCES WITH 46.4 MILLION TSH RESOURCES SHARES
calvintaneng
55,758 posts
Posted by calvintaneng > 1 minute ago | Report Abuse
A LOOK AT TSH RESOURCES (9059) 5 YEARS FINANCIAL RESULTS SHOW IMPROVING FUNDAMENTAL WHILE PRICES FALLEN TO GOOD BARGAIN LEVELS, Calvin Tan
https://sgx.i3investor.com/web/blog/detail/Jbhouseforsale/2024-08-15-story-h49627738-A_LOOK_AT_TSH_RESOURCES_9059_5_YEARS_FINANCIAL_RESULTS_SHOW_IMPROVING_FUN
1 month ago