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WITHOUT DISCIPLINE YOU CANNOT ACHIEVE SUCCESS, IN ANY FIELD

Sunday, January 20, 2013

TSH Resources Bhd (TSHR.KL)

Overview:
TSH Resources Berhad is engaged in investment holding and oil palm cultivation. The Company operates in three segments: Palm and bio-integration, which is engaged in the operation of oil palm plantations, manufacture and sale of crude palm oil and palm kernel, and generation and supply of electricity from a biomass plant; Wood product manufacturing and trading, and reforestation, which is engaged in the manufacture and sale of downstream wood products, and operation of a forest management unit, and Others, which is engaged in manufacture, sale and trading of cocoa products. 
On August 16, 2011, the Company through its wholly owned subsidiary, acquired 90% interest in PT Bulungan Citra Agro Persada. 
On October 31, 2011, the Company completed the acquisition Halaman Semesta Sdn Bhd. 
On May 6, 2011, the Company through its wholly owned subsidiary, acquired TSH Forest Plantation Sdn. Bhd. 
On February 11, 2011, it acquired additional 20% interests in Eko Pulp & Paper Sdn. Bhd.



Trading Plan:
Entry: RM 2.20
Profit: RM 2.35 or 2.42
Cut loss: RM 2.14
RRR (Risk to Reward Ratio)> 1 : 2

Analysis:
1) Trendline - Waiting to breakput above 20MA(RM2.20)
2) Volume: High
3) MACD: Green (Positive>Bullish)
4) Smoothed RSI : At 46.6%. Waiting to hookup.
5) Support/Resistance: Resistance at RM 2.20; Supprt at RM 2.14
6) Beta: 1.49
7) Candlestick: Bullish
8) Pattern: Bullish




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