This stock seems have dropped a lot from 6.58 to 5.30 currently. Drop about 20% within a month. Other plantation stock does not seem to drop so much. Time to buy?
Very good fundamental n good potential counter,already discounts 20% fr higher price last two mth,time to collect at this bottom prices,wait for bonus share soon..cheers
BONUS. REMINDER! EX-date:14/06/2012. Entitlement date:18/06/2012. Entitlement time:05:00:00PM. Entitlement subject:Bonus Issue. Entitlement description: Bonus issue of up to 61,796,130 new ordinary shares of RM1.00 each in Ta Ann Holdings Berhad ("Ta Ann") to be credited as fully paid-up ("Bonus Shares") on the basis of one (1) Bonus Share for every five (5) existing ordinary shares of RM1.00 each ("Shares") held as at 5:00 p.m. on 18 June 2012 ("Books Closure Date").
Ta Ann is undervalued at 13.5x Q1'14 PER compared to the average mid-cap plantation companies valuation of 16x. It's Q1'14 vs Q1'13 - YoY is 600% up with 10cents divident. It is a laggard counter among planters with recent plantation stock mini-rally, can start to accumulate, Target price RM6.00+
10sen dividen sudah dekat, mau turun lg ? Ini kaunter bagus, Sarawak punya sawit El-Nino proof sbb mereka tanam tanah lembap susah kering ma (serupa gambut).
EPF and major shareholders are buying and this clearly demonstrate their confidence in this stock. As an investor, you have a choice. Either you follow or you opt out and look for better investment.
Its CPO mill at Igan has been operating at full swing since March 2014. Higher FFB and CPO production are expected from the oil palm sector this year onward.
To recap, Ta Ann Tasmania Pty Ltd has entered into an agreement with the Australian Government in June 2013 to reduce its peeler wood supply entitlement held under the contract with Forestry Tasmania.
In return, the Australian Government had agreed to compensate Ta Ann with A$28.6 million.
The first tranche of A$22.3 million was already paid in 2013 while the second tranche of A$6.3 million is expected to be paid by September 1, 2014 and this will be a boost to third quarter 2014 earnings.
2nd quarter earnings is expected to be good on the back of: - CPO production was 41% higher than the last quarter after putting the palm oil mills into operation recently. - higher log prices and log production surged 32%
Ta Ann is starting to focus in marketing overseas based on what I hear. They were featured in a Timber magazine called Asian Timber. http://www.asiantimber.com.my/?iid=100876 you can view their story here on page 13 to 14 in the July/August Issue. Im guessing the magazine is bi-monthly
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....
Mohd Shuk
725 posts
Posted by Mohd Shuk > 2012-03-29 17:46 | Report Abuse
Masih Ada Ruang!!!