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Top Calls
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Company Update � Ta Ann (BUY, maintain)
- Logging activities slows Due to diminishing natural forest resources and more stringent environmental safeguards, we cut our log-production assumptions in 2015-17E. We also trim our plywood-ASP assumption on soft demand in its main market, Japan. We lower our SOTP-based TP to RM4.81, which still offers 27% upside potential. We reiterate our BUY on Ta Ann for its EPS growth of 10-11% and yields of 5.3% in 2016-17E.
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Other Calls
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Economy � US Outlook � Weekly Wrap (6 � 14 July 2015)
- Decline in June�s retail sales likely a temporary setback
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For
important disclosures, please refer to the Disclosure section at the end of
the individual linked research reports. |
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