JTIASA is no more considered as timber stock (Industrial), and should be classified as plantation stock. A plantation counter with production of 1 million ton of FFB per annum and the price of Rm 1.10, you will not able to find any.
weak sentiment due to loging tax hike.. low palm oil price.. IMHO price will be increase after the market absorb the sentiment of tax hike/ palmoil stabalize above 2600/ dividen increase... and mr market realise that fundamentally is sound with this counter.. very suitable if you play accumulation with this counter (buy consistantly everymonth in small amount)
WTK log production were not reduced as compared to last year. Why Jtiasa logging was left with 30% as compared to last year. This was the management decision to reduce the logging activities and to cut the cost and losses.
Ta Ann Holdings (TAANN) 1HFY17 Core Net Income jumped 54% yoy as plantation division PBT surged 279% yoy. Plantation division PBT improved 279% yoy to RM98.9m as it benefited from better CPO price (+19% yoy to RM2826 per MT) and higher FFB production (+14% yoy to 323,932 MT). Plantation division is the biggest earnings contributor with PBT of RM98.9m (86% of the Group’s).
Timber division PBT was down 47% yoy to RM16.5m as the volume of export logs dropped by 48% yoy and this has more than offset the 19% increase in price to USD261 per m3. Looking ahead, the decline in volume is expected to intensify due to the reduction of log export quota from 30% to 20% (from 1-July onwards). Having said that, we are not overly concerned as timber division PBT is only RM16.5m representing 14% contribution to the Group.
Jtiasa plantation production growth (ffb, cpo, pk) in term of yoy and qoq is much more significant than taann. hopefully plantation segment can deliver strong earning.
EXCELLENT 4Q AND FULL YEAR PROFITS IN COMING REPORTS HIGHER DIVIDENDS WITH A CASH D OF 1 SEN PLUS FREE TREASURY SHARES 1 : 200 LIKELY (GIVEN A FEW TIMES IN THE PAST
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Hwai Hooi
2,249 posts
Posted by Hwai Hooi > 2017-08-14 12:00 | Report Abuse
drop? cannot up?