TA ANN HOLDINGS BHD

KLSE (MYR): TAANN (5012)

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Last Price

4.46

Today's Change

+0.06 (1.36%)

Day's Change

4.35 - 4.48

Trading Volume

515,000


4 people like this.

5,179 comment(s). Last comment by Nepo 18 hours ago

titan3322

2,670 posts

Posted by titan3322 > 2021-11-03 11:09 | Report Abuse

Mau tanya sikit itu cukai makmur sudah confirmed ka atau on budget stage only kalau confirmed foreign fund will sell msia stocks lor

Posted by Want2MakeMoney > 2021-11-03 15:54 | Report Abuse

TAANN would be my first choice and SOP second once I decide the right time to enter. Maybe wait till the cukai makmur settle down, haha

Johnzhang

3,098 posts

Posted by Johnzhang > 2021-11-05 06:25 | Report Abuse

This may also explain why CPO is holding well above $5,000 pmt and shall stay elevated into 2022.
CPO for food as well as for fuel (biodiesel) , seem to be the beneficiary of food and energy crisis until energy cost come down significantly. Will energy cost fall significantly soon ? Amid climate change target to meet , investors activism against global oil &gas companies operations, financing limitation by banks and lack of investment , energy supply and price will not ease anytime soon.

titan3322

2,670 posts

Posted by titan3322 > 2021-11-05 17:57 | Report Abuse

KLK hari 2 kuat drop apa hal sape jual

serbatipu

333 posts

Posted by serbatipu > 2021-11-05 19:41 | Report Abuse

This month qr out?

serbatipu

333 posts

Posted by serbatipu > 2021-11-06 13:05 | Report Abuse

I know it is weekend, but I'm not promoter. Glad to red this.
https://www.thestar.com.my/business/business-news/2021/11/06/cpo-futures-expected-to-trade-with-upward-bias-next-week

casanwk

1,496 posts

Posted by casanwk > 2021-11-08 09:39 | Report Abuse

Epf selling?

titan3322

2,670 posts

Posted by titan3322 > 2021-11-08 10:11 | Report Abuse

Good buy now don't miss it again !

titan3322

2,670 posts

Posted by titan3322 > 2021-11-08 10:12 | Report Abuse

The high price of palm oil outweigh the taxes going forward it will be better still

Johnzhang

3,098 posts

Posted by Johnzhang > 2021-11-08 10:34 | Report Abuse

KUALA LUMPUR (Nov 8): Foreign buying of Malaysian equities extended for the fifth week and jumped to RM67.94 million last week from RM1.44 million the prior week.

In its weekly fund flow report on Monday (Nov 8), the MIDF Research team said as the market reopened last Monday, local institutions and retailers were net sellers and net buyers respectively, amounting to RM329.7 million and RM314.3 million.

“Meanwhile, foreign investors were net buyers to the tune of RM14.97 million despite sentiment turning negative following the announcement of the one-off “Cukai Makmur”

It seem to me that foreign investors have better understanding to what extent Cukai markmur impact corporate profitability than the local institutions. The local analysts from various IBs painted so much negativity and with exaggeration . They are the real problems to our capital market.

titan3322

2,670 posts

Posted by titan3322 > 2021-11-08 10:49 | Report Abuse

Cepat beli lor. I have warned of foreign fund selling before but this is too cheap to ignore moreover got reasonable dividend it is still one of the best stocks to invest

Johnzhang

3,098 posts

Posted by Johnzhang > 2021-11-08 11:36 | Report Abuse

@treasurehunt, pls don’t confuse yourself.
Windfall tax rate of 1.5% for East Malaysia and the new rate of 3% is levied on FFB production basis .
If you want to convert the calculation to CPO basis , both the tax rate and the production volume has to be converted to CPO basis.(350,000mt FFB =70,000 mt CPO )
The comparison between the old and new rates are correct per imy post on 1/11/21.

Johnzhang

3,098 posts

Posted by Johnzhang > 2021-11-08 12:18 | Report Abuse

I see your point . The FFB production figures of 350,000 mt initially assumed was wrong .
Based on FY 2020 FFB production of 710,000 mt and average CPO price of $4,500 , the revised calculations are :
Full year Windfall tax at existing rate : 1.5% x 710,000x (4,500-3,000) = $15,975,000
Full yearn Windfall tax at new rate : 3% x 710,000 x (4,500 - 3500) =$21,300,000
The difference is $5,325,000 .

Can you share your calculations how you arrived at $10.65 mil?

Johnzhang

3,098 posts

Posted by Johnzhang > 2021-11-08 13:00 | Report Abuse

But you are not exactly comparing the windfall tax sum between the old and the new system which involves both higher rate and higher threshold price . The positive impact of the threshold price increase from $3,000 to $3,500 is not being considered by you .

treasurehunt

1,884 posts

Posted by treasurehunt > 2021-11-08 13:02 | Report Abuse

Additional 1.5% levy in FFB to Sarawak planters are ,in fact, won't have any impact to its bottom line. If the CPO prices stay at 4500/mt in 2022, TAAn generate huge cash inflow to pay off its debt. The interests costs savings will be more than the 1.5% levy.

treasurehunt

1,884 posts

Posted by treasurehunt > 2021-11-08 13:10 | Report Abuse

You are right. The incremental levy of 1.5% is merely 5,325,000.

Posted by Johnzhang > Nov 8, 2021 12:18 PM | Report Abuse

I see your point . The FFB production figures of 350,000 mt initially assumed was wrong .
Based on FY 2020 FFB production of 710,000 mt and average CPO price of $4,500 , the revised calculations are :
Full year Windfall tax at existing rate : 1.5% x 710,000x (4,500-3,000) = $15,975,000
Full yearn Windfall tax at new rate : 3% x 710,000 x (4,500 - 3500) =$21,300,000
The difference is $5,325,000 .

Can you share your calculations how you arrived at $10.65 mil?

titan3322

2,670 posts

Posted by titan3322 > 2021-11-08 13:15 | Report Abuse

Thanks to both treasurehunt and Johnzhang for the good write up. Saya sudah masuk at average price of 3.11 hopefully there will be an dividend annoucement this month but PBT will be a new record this Qtr.

Johnzhang

3,098 posts

Posted by Johnzhang > 2021-11-08 17:27 | Report Abuse

I added some at $3.06 though not that many sellers at this price.

titan3322

2,670 posts

Posted by titan3322 > 2021-11-09 10:00 | Report Abuse

Frankly what stocks can you invest in Bursa other than plantations and some tech stocks I would think plantations is still the best bet. You only need to look at 6 to 12 months time frame is good enough d no need to look at very long term nobody will tell what is the long term really hold just look at the gloves stocks you will understand. For the next 3 to 12 months plantation counters will make super profit only the taxes give some minor hiccups

titan3322

2,670 posts

Posted by titan3322 > 2021-11-09 10:27 | Report Abuse

Valuations wise I like Taan and SOP although they are Swak based

Johnzhang

3,098 posts

Posted by Johnzhang > 2021-11-09 10:48 | Report Abuse

Taann and SOP are both very well managed plantantion companies. You don't have to worry for irregularity.

Invest_888

1,064 posts

Posted by Invest_888 > 2021-11-09 14:42 | Report Abuse

Still holding. Fantastic earning should result in higher share price. This month end the financial result will be out. Also, I think most probably will declare high dividend.

ccpondan

36 posts

Posted by ccpondan > 2021-11-09 16:16 | Report Abuse

calvintan on leave this whole week ?

calvintaneng

56,441 posts

Posted by calvintaneng > 2021-11-09 16:37 | Report Abuse

Holding strongly this honest and strong company

calvintaneng

56,441 posts

Posted by calvintaneng > 2021-11-09 16:37 | Report Abuse

Load up more as we journey up to Rm6.00 target price

Bizfuneng

883 posts

Posted by Bizfuneng > 2021-11-09 16:40 | Report Abuse

Plantations - CPO Price Rally Marred by ESG Concerns
Author: PublicInvest | Publish date: Mon, 8 Nov 2021, 10:20 AM

Despite sustained rally in CPO prices over the last one year, there was little cheer for the Malaysian plantation counters as only four counters under our coverage (FGV, Sarawak Plantation, TSH and Ta Ann) delivered moderate gains YTD. CPO prices have touched an all-time high of RM5,363/mt and saw a YTD gain of more than 42% while KLCI Plantation Index slipped 3.8%. We believe the key reason for the lacklustre share price performance is likely attributed to the steep ESG discount attached to the plantation valuation. Meanwhile, we have raised our 2021-2022 CPO price targets to RM4,000 and RM3,500/mt respectively. We have also streamlined our valuations to factor in the rising ESG concerns. Maintain Neutral call on the sector.

Three key ESG issues that have been plaguing the industry. Despite all the efforts adopted by plantation companies, we notice environmental groups continue to attack the sector on three key areas. i.e. deforestation (environmental), fire and haze (environmental) and labour (social). On the positive note, we have seen continuous efforts taken by the plantation companies to improve on the traceability of palm oil supply, labour welfare and adoption of monitoring system to safeguard the plantation estates.
Easing concerns for foreign worker shortage. Most plantation companies have been suffering from acute harvester shortage over the last two years due to the closure of international borders during the pandemic period. On a positive note, the Ministry of Plantation Industries and Commodities has recently approved 32,000 foreign plantation workers, who have completed their Covid-19 vaccination to be brought into Malaysia in stages starting mid-Oct. We think the impact of the additional 32,000 foreign workers on the palm oil industry will be felt sometime at the end of the 1Q 2022, potentially resulting in better crop recovery, harvesting cycle and CPO yield.
Revising up CPO price targets to RM3,500-4,000/mt. In view of the stronger-than-expected CPO price performance for the first 10 months, we revise up our 2021 CPO price forecast from RM3,200/mt to RM4,000/mt. For 2022, we raise our CPO price forecast from RM2,700/mt to RM3,500/mt. We think the current CPO price momentum would sustainable until first quarter of 2022. Thereafter, CPO prices should ease as we expect production to increase given the reprieve seen on the issue with foreign worker shortage in Malaysia.
Source: PublicInvest Research - 8 Nov 2021

Posted by pvd_investor > 2021-11-09 18:14 | Report Abuse

Waiting to see the great quarter results !!

titan3322

2,670 posts

Posted by titan3322 > 2021-11-09 21:26 | Report Abuse

@Bisfuneng you want ESG you want SOP and you also want cukai mskmur the cost of doing business is going to increaae and you also want winfall tax but predict the price will be 2700 to 3500 better don't do business here lor

calvintaneng

56,441 posts

Posted by calvintaneng > 2021-11-10 08:36 |

Post removed.Why?

Posted by Intrinsic99 > 2021-11-10 08:49 | Report Abuse

Other members also buying valuable stocks but not behave like this iddiot spammer

We all feel ridiculous nonstop posting nonstop promoting

As I said earlier, if you so confidence to wait and if you so confidence what you invest why everyday need to promote, why everyday put up so many blog, why everyday go different stocks forum keep on promoting your palm oil stocks?

This is very obvious you want to cash out your share bought and treat other members as waterfish.

In the real world, no free lunch to people unless you want to take advantage from others

I don't know why 3iii administrator didn't take any action to suspend this iddiot account to avoid further keep on spamming everyday and every way

I pegging administrator need to take proper action against this spammer

Bizfuneng

883 posts

Posted by Bizfuneng > 2021-11-10 08:54 | Report Abuse

He hitting the nail on the head.

Posted by Intrinsic99 > 2021-11-10 08:57 | Report Abuse

No need to raise flag, you more raise up the more admitted what I said is correct

You are trying cash out what you did the mistake that's why keep on promoting

Bizfuneng

883 posts

Posted by Bizfuneng > 2021-11-10 09:15 | Report Abuse

Haha.....I said you are absolutely correct.

titan3322

2,670 posts

Posted by titan3322 > 2021-11-10 10:11 | Report Abuse

This time around I think calvinteng is right. Going forward there will be serious shortage of foodstuff worldwide edible oil included and there is no way palm oil is going to fall back to below 3000 level. I don't care if anyone is promoting any counter but just using your business sense you can tell oil palm now is a precious conmodity !

titan3322

2,670 posts

Posted by titan3322 > 2021-11-10 10:15 | Report Abuse

The only f....ng nonsense is the cukai2 .It is better to give one off donation to the gomen lah

Johnzhang

3,098 posts

Posted by Johnzhang > 2021-11-10 10:37 | Report Abuse

@Intrinsic99, No need to have suspicious mind and over react .For whatever we post ,viewers will use their intelligence to judge whether they are valid or bullshit . Just sell and stay out if you think owning this stock is a mistake.

titan3322

2,670 posts

Posted by titan3322 > 2021-11-10 16:36 | Report Abuse

Sila tengok palm oil future prices today !

ccpondan

36 posts

Posted by ccpondan > 2021-11-10 16:48 | Report Abuse

china palm oil price rebound today

Johnzhang

3,098 posts

Posted by Johnzhang > 2021-11-10 19:53 | Report Abuse

https://newswav.com/A2111_Rf9BJH?s=A_PlLlUfw
Interesting news !

calvintaneng

56,441 posts

Posted by calvintaneng > 2021-11-10 22:12 |

Post removed.Why?

titan3322

2,670 posts

Posted by titan3322 > 2021-11-10 22:14 | Report Abuse

Gomen is killing off potential investors with these taxes and is truly unfair to planters in East Msia.WIth price of crude oil rising the gomen shouln't raise revenue this way . In reality not only plantations are affected the whole market is affected only speculative stocks go up looks like satu keluarga making investors keluar. Having said that what options do you have other than looking for returns better than what the banks give you and Taan would deliver a decent yield

calvintaneng

56,441 posts

Posted by calvintaneng > 2021-11-10 22:16 |

Post removed.Why?

calvintaneng

56,441 posts

Posted by calvintaneng > 2021-11-10 22:31 |

Post removed.Why?

Posted by Intrinsic99 > 2021-11-10 23:32 | Report Abuse

Don't be silly to mislead the members here, you don't know why government asking citizens to buy more food to keep as storage because of strong winter season, not because of high demand of palm oil

calvintaneng

56,441 posts

Posted by calvintaneng > 2021-11-11 02:56 |

Post removed.Why?

Pinky

3,465 posts

Posted by Pinky > 2021-11-11 07:42 | Report Abuse

Hahahahaha Calvin Tan u r starting to sound like a broken record

Apa benda also can be named as "catalyst"

Yet your buy call already how long? Lead people (traders)
to Holland only

No impact for long term holders like me as long as Ta Ann pays me decent dividend yield though

titan3322

2,670 posts

Posted by titan3322 > 2021-11-11 09:18 | Report Abuse

Haha Calvin was right in many occasions just be patient lor

titan3322

2,670 posts

Posted by titan3322 > 2021-11-11 09:21 | Report Abuse

If the gomen don't kaka caucau with palm oil industries Taan todaty should command a price of 3.30 at least lor

titan3322

2,670 posts

Posted by titan3322 > 2021-11-11 09:26 | Report Abuse

If the gomen were to reverse its decision ( U turn king mah) Straight away it will rebound to 3.30

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