{
  "id": 10599376,
  "title": "RM42mil fine fails to dent TSH earnings",
  "url": "https://urgent.news/2026/09/29/rm42mil-fine-fails-to-dent-tsh-earnings",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-29T03:28:24.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/09/1543596/rm42mil-fine-fails-dent-tsh-earnings"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR: Analysts have upgraded TSH Resources Bhd to Buy, dismissing the impact of a RM42 million administrative fine imposed on its Indonesian subsidiary. The fine, directed at Sarana Prima Multi Niaga, an 90 percent-owned subsidiary, pertains to 1,229 hectares of land beyond Sarana Prima's HGU area. Hong Leong Investment Bank Bhd (HLIB) and RHB Research maintain the stock's valuation is now more appealing due to the removal of uncertainties regarding the fine. HLIB keeps its target price at RM1.42, while RHB Research retains its target price at RM1.45. Despite the fine's potential to reduce TSH's FY26 core earnings by 22.5 percent, analysts view it as non-core and non-recurring. There will be no impact on fresh fruit bunches (FFB) production, as harvesting in the affected area ceased in FY25 and is not included in output figures.",
  "summary": "KUALA LUMPUR: Analysts have upgraded TSH Resources Bhd to “Buy”, citing limited earnings and operational impact from the RM42 million administrative fine imposed on its Indonesian subsidiary.",
  "key_points": [
    "TSH Resources upgraded to Buy by analysts",
    "RM42 million fine dismissed as non-core and non-recurring",
    "No impact on FFB production due to harvesting cessation"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}