Thursday, January 8, 2015

Affin Hwang Capital Daily Insight (LV) - 8 January 2015 - TAANN / ECONOMY - TRADE

Top Calls

Company Update Ta Ann (BUY, maintain)

- Rise in FFB and log production to drive growth

A rise in matured plantation areas has increased Ta Ann
s FFB production, while strong demand for logs and improved log production have increased exports. Maintain BUY rating with an unchanged SOTP-derived TP of RM4.55, based on 2015-16E EPS growth of 10-13% and a solid 5.3% 2015E dividend yield.


Other Calls

Economy - Trade

- Exports rose by 2.1% yoy in November, led by E&E



For important disclosures, please refer to the Disclosure section at the end of the individual linked research reports.

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