Ta Ann (Outperform, TP: RM3.66): Expects log prices to hold amid tight supply . Ta Ann said the tight supply of natural logs is likely to uphold export log prices, while Japan's plan to improve infrastructure will help sustain the group's plywood exports, according to its executive chairman Datuk Amar Abdul Hamed Sepawi. He said the group remains cautiously optimistic about the performance of its timber division this year despite the various challenges in the industry. Turning to palm oil, he said the outlook for FY21 looks favourable compared with the average prices of FY19 and FY20, supported by growing demand from India and China in view of a gradual economic recovery and rise in edible oil consumption. (The Edge)
TAAn and Swkplnt will be benefited more from the commodity ride since the companies don't have the policy to hedge their sales or the palm oil is sold at spot prices. Furthermore, they don't have any plantation landbank in Indonesia.
Almost all CPO revenue of TSH is in Indonesia and hit by the higher tax structure and forex losses, TaaAnn plantations are al in Malaysia and realizable CPO price can be $800-900 pmt higher. So, they are different. TaAnn will also enjoy the benefiof strong results from swkpltn.
Calvin sifu, have to wait they declare bonus dividend then only this counter will have wings. other than this counter wont budge regardless of increased profit.
When palm oil price was RM 2800 to 3000 this counter was around 3 to 3.10 when palm oil now above RM4000 a tonne its price is 2 87 mind boggling can someone enlighten me why so
EPF job is to buy low sell high and create market volatility. Even they sell off share they're stll holding a lot. IJMPLNT is another good example even if EPF selling also rocket up hahaha
By the way... I'm wondering you got reading report from Affin Hwang Capital in i3 here lately? The latest I check is on Sunway 31stMay. Seems there is no more report.
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....
titan3322
2,864 posts
Posted by titan3322 > 2021-05-17 10:31 | Report Abuse
Now Swak plantation 2.76 Taan 2.94 common sense will tell you to sell swak plant and buy Taan is very obvious swak plant was goreng up hehe