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Stock With Momentum: Ta Ann Holdings

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Stock With Momentum: Ta Ann Holdings

Post by Cals Wed 18 Nov 2015, 20:38

Stock With Momentum: Ta Ann Holdings

By Asia Analytica / The Edge Financial Daily | November 18, 2015 : 10:33 AM MYT

This article first appeared in The Edge Financial Daily, on November 18, 2015.
Stock With Momentum: [size=16]Ta Ann Holdings ([You must be registered and logged in to see this image.] Valuation: 2.00, Fundamental: 2.30)
Sarawak-based Ta Ann (Fundamental: 2.3/3, Valuation: 2/3) rose 3.7% to close at RM4.24 yesterday, after announcing a strong set of quarterly results as well as an interim dividend. Volume was heavy with 4.3 million shares changing hands.
For 3Q2015, net profit rose an outsized 54.6% to RM67.4 million on the back of a 5% rise in revenue to RM298.9 million. The improved performance was primarily due to higher fresh fruit bunch production and better average selling prices of export logs and plywood in ringgit terms. The latter offset the 31% and 9% fall in sales volume of logs and plywood, respectively.
Shareholders will be rewarded with a second interim dividend of 10 sen per share, which will go ‘ex’ on Dec 1. This brings total dividends for FY2015 to 20 sen per share.
Ta Ann is primarily engaged in the manufacturing and sale of sawn timber, veneer and plywood, trading of timber logs and cultivation of oil palms.
[You must be registered and logged in to see this image.]

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Cals: Administrator; Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
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Comments : â€œMy plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
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