Initially.. contrarians n panic sellers will make the sell-offs. But inverstors will use this opportunity to buy on weakness coz they know this sole poor QR has already "affected" the price since the huge drop. But the sell-offs will not last forever, right.. unless the company is kaputting.. which me opine not in this case. Furthermore.. div n bonus issue soon..
WTK results not out yet. Very risky. Taann every bad news and good news are out.It is just like a poker game they already opened the last card for you to see whereas WTK still closing one card and let you guess. If results are bad, they hammer just like Taann
Cutie, at least WTK is fair....everyone will know the results at the same time...up to individual to judge now. RHB announcing Ta Ann first is manipulation d.
maybank target RM5 Adjusting earnings forecasts. Maintain BUY As logs export price outlook remains weak on lackluster demand and 1Q16 production cost was high, we reduce our 2016 timber ASP estimate and increase our timber and plantation production cost estimates. Subsequently, we cut our 2016/17/18 EPS estimates by 27%/12%/12% after. Our new TP is MYR5.00 (-28%) based on unchanged 15x 2016 PER, pegged at 4-yr historical mean.
Public Bank Maintain BUY: TP increased to 5.31 from 5.26
Valuations. We think that the recent sharp fall in the share price performance has fully priced in the poor results for this year. Further downside risk is unlikely and will be capped by the current attractive dividend yield of 5.1%. At current market cap, the timber concession business, which contributes at least 50% earnings to the Group, is significantly overlooked. Meanwhile, the 1-for-5 bonus issue proposal has been approved and the ex-date falls on 07 June.
Noticed why the huge block 7599 lots @4.00 never moved or changed eventho the buy queue at closing price of 3.97 still intact with nil sellers at ending.. strange indeed.. hmm
Business Ta Ann records a four pct increase in revenue May 20, 2016, Friday Conny Banji, reporters@theborneopost.com Share this:TweetEmail .SIBU: Ta Ann Holdings Berhad (Ta Ann) recorded a four per cent increase in its revenue for the financial year ended Dec 31, 2015 at RM1.0483 billion from the previous year.
Ta Ann executive chairman Datuk Amar Abdul Hamed Sepawi said the company’s profit before tax was at RM234.2 million, up 39 per cent from the level achieved in 2014.
“Net profit after tax of RM191.5 million was 53 per cent higher year on year, translating to earnings per share of 51 sen.
“Total equity grew from RM1.090 billion at the end of 2014 to RM1.218 billion in 2015 while return on equity for the year under review was 16 per cent,” he said in his message in Ta Ann 2015 Annual Report book that was distributed before the company’s 19th annual and extraordinary general meeting at a hotel here yesterday.
For the same financial year, Ta Ann’s Board of Directors declared and paid dividends of 20 sen per share, he said.
Meanwhile, Abdul Hamed hoped that the Trans-Pacific Partnership Agreement (TPPA) will create new market opportunities for the timber industry especially in the North American market which could boost the industry’s export volumes.
“For this year, the timber division will see some volatility in prices as adjustments were made in the supply chain to cater to the expected slowdown in demand,” he said.
He had earlier said that the global economic outlook will be challenging this year with slower growth rates in most emerging economies and subdued demand for commodities across the board.
“Prospect for crude palm oil prices should be bright in the coming year and we remain on track to achieve a 15 to 20 per cent growth in fresh fruit bunches production volume this year driven by larger matured area and improved palm age profile,” he said.
On a similar matter, he said that Ta Ann was working towards sustainable forest management certification under the Malaysian Timber Certification Scheme (MTCS).
He said it was the process of carrying out third party assessments for sustainable forest management practices of Forest Management Unit or Forest Plantation Management Unit in accordance with the requirements of a prescribed standard leading to an award of a certificate for Forest Management under MTCS.
He also noted that the company’s Manis CPO Mill and Daro oil palm estate had attained Malaysian Sustainable Palm Oil certification.
“In tandem with our commitment, we expect more oil palm subsidiaries to be certified this year,” he said.
Me opine the recent QR has been priced in with the recent huge drops due to heavy sell-offs n panic selling. Gudluck everyone n hv a happy weekend n Wesak day ya..
Thanks for those who said today will drop further lah, bloodbath lah, worth RM 2 lah, this lah that lah. No need make others scared, do your homework before buying, and know the value of the company you r holding. Happy weekend, and hope TAANN can recover in the coming months. Cheers.
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....
power88
1,588 posts
Posted by power88 > 2016-05-20 09:01 | Report Abuse
@voon1900 if it din drop at least 10sen i CUT!
now 3.93~3.94