16 Review of Performance For the first quarter of 2016, a revenue of RM218.53 million was achieved compared to RM222.15 million of the corresponding quarter in 2015. Profit before tax and net profit for the quarter were RM17.61 million and RM11.96 million, compared to RM33.68 million and RM24.94 million of the corresponding quarter in 2015 respectively. The lower revenue and profit were mainly attributed to: Decreased plywood sales volume by 13% and export logs by 33%; and Lower export logs average selling price by 6%. 17 Variation of Results as compared to the Preceding Quarter Revenue and net profit in the quarter under review were RM218.53 million and RM11.96 million compared to RM270.34 million and RM63.19 million respectively of the preceding quarter. Main factors contributing to the performance were: A decrease in sales volume of export logs (by 5%) and plywood (by 7 %) as well as oil palm fresh fruit bunches (‘FFB’) (by 29%) and crude palm oil (‘CPO’) (by 32%); and Lower average selling price of export logs (by 10%) and plywood products (by 11%). 18 Current Year Prospects Demand for logs is expected to remain stable. Higher log production is anticipated with the improving weather condition in the second quarter. Plywood demand in Japan is still slow but prices are believed to have hit the bottom. Given the low plywood inventory in Japan, the commencement of the new financial year and a stronger Yen, plywood purchase to replenish the stock should be in the pipeline. Coupled with the infrastructure construction works for the coming Olympics, plywood demand is expected to increase. For the palm oil sector, FFB production starts to increase in April and is anticipated to continue increasing with the approaching peak crop season. The better CPO price, compared to 2015, and the projected rising trend of CPO price, will raise the contribution of the palm oil sector to the group revenue and profit in the second quarter. Barring unforeseen circumstances, the Board of Directors expects a better second quarter performance than the first quarter.
with pe10....tis piece of junk x worth than rm2.....huayang pe 4 people oso dun wan..plus this lousy market,n advantage of the shortseller,v r no match for them...
Not sure if there is any conspiracy behind all this sarawak counters...lots of people bought in anticipation of bn big victory...now one by one kena 996...cmsb,ta an..wtk next??
Taann looks to be a good company for "investors", i.e. people who buy and hold on for the dividends and bonus issues. Not to be mistaken with "traders" and "speculators", which I believe many (most?) of us here are. That is, people who are more concerned about price appreciation. Many are "mixed" in that they trade while having a few counters that they keep over a longer period.
But whatever category one is in, it's no fun buying something and then seeing the price depreciate. Dividends and bonus are a consolation, of course. At least we get something while waiting for the price to appreciate. And this is one of the attractions of counters like Taann. But there's the dilemma and worry about it going down further. On the other hand, we will be regretting not buying - the "I should have bought when it was at RMx !" which all of us had surely experienced. Remember AirAsia folks? It wasn't that long ago when it was 0.90. More than 100% returns in just how many months.
My strategy is this when it comes to counters that I like, and willing to wait a reasonable time for them to perform: buy a certain percentage first, not all of the intended capital. Maybe divide into 3 (whatever the amount). One-third is utilised NOW. Then wait and see. If it goes up, another one-third is used to buy at a higher price.
Same as when it drops. Don't be too quick to use the remaining capital. Only average UP, i.e. when we are reasonably sure the bottom has been met.
That's the general idea, given that we won't ever know what the bottom is until after the facts. Even if a counter falls further, at least we are consoled by the fact that we still have dry gunpowder in hand.
EX-date 07 Jun 2016 Entitlement date 09 Jun 2016 Entitlement time 05:00 PM Entitlement subject Bonus Issue Entitlement description Bonus issue of up to 74,147,296 new ordinary shares of RM1.00 each ("Share(s)") ("Bonus Share(s)") to be credited as fully paid-up on the basis of one (1) Bonus Share for every five (5) existing Shares held in Ta Ann Holdings Berhad at 5:00 P.M. on 9 June 2016 Period of interest payment to Financial Year End 31 Dec 2016 Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlement Registrar or Service Provider name, address, telephone no SYMPHONY SHARE REGISTRARS SDN BHD Level 6, Symphony House Pusat Dagangan Dana 1 Jalan PJU 1A/46 47301Petaling Jaya Tel:0378490777 Fax:0378418151 Payment date a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 09 Jun 2016 b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange. Number of new shares/securities issued (units) (If applicable) Entitlement indicator Ratio Ratio 1 : 5 Rights Issue/Offer Price Par Value Malaysian Ringgit (MYR) 1.000
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....
tim09
224 posts
Posted by tim09 > 2016-05-19 16:18 | Report Abuse
someone just bought 165000 units at 3.97.