lai liao Upgrading TAANN TP to RM6.57 (from RM5.70) as we revise up our Fwd. PER to 17.5x (from 15.0x) applied to an unchanged 38.0 sen FY16E EPS. Our updated Fwd. PER is based on a higher valuation basis of +0.5SD (previously -0.5SD) as we expect the strong USD/MYR to be sustained at least through 1H16 on the back of weak crude oil prices. With the bulk of TAANN's timber products exported overseas, we expect a rising USD/MYR to expand TAANN's solid 22% net margin seen in 3Q15. However, investors should remain cautious of any reversal in the USD/MYR, which could reverse its Timber's earning trajectory. We maintain TAANN as our Top Pick for 1Q16.
some companies directors acquired share back around 4.30 and now profit-taking around 530, not bad for investments gain.;what is important is where do it goes from here,.."buy on dip" still looks ok .
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....
Sapphire
1,765 posts
Posted by Sapphire > 2016-01-11 21:20 | Report Abuse
hehe...