Monday, 23 April 2012
TSH Resources Berhad
Low crude palm oil cost per tonne of RM836 in its estates in Sabah
Plantation landbank 98,453ha by end of 2011. 94,003ha is located in Indonesia
Bulk of its land, about 63% (69,780ha of 111,072ha, including land belonging to associate company Innoprise) has yet to be planted while in the planted portion, over 70% of the palms are immature
41,000 planted hectares
As at end of 2011, 47% of the trees were immature (less than 4 years old), 26% were young mature (4 to 6 years), 15% mature prime 1 (7 to 15 years) and 12% mature prime 2 (16 to 25 years)
TSH holds a 22.3% stake in Innoprise Plantations Berhad, which has some 12,619ha of plantation land in Sabah, most of which was planted over the past two to three years. Innoprise has no borrowing.
TSH's total FFB production has doubled over the past four years, from 198,191 tonnes in 2008 to 399,600 tonnes in 2011.
Prediction of TSH's total FFB production to grow to 485,100 tonnes in 2012, 603,800 tonnes in 2013, and 723,800 tonnes in 2014
In 2011, CPO cost per tonne in the group's Sabah estate was RM836 while in Indonesia, it was RM1,290
As at 30 March 2012, TSH Resources Berhad held 67.46% in Ekowood International Berhad and 22.28% in Innoprise Plantations Berhad