Company Update � Jaya Tiasa (HOLD, maintain)

Top Calls

Company Update � Jaya Tiasa (HOLD, maintain) - Expecting weaker results due to lower log data We expect Jaya Tiasa�s 4QFY16 results to be weaker yoy given the slowdown in log production but partially offset by higher FFB and CPO production. After taking into account the actual FY16 data, lower log production estimates as well as higher CPO production forecast for FY17-18E, we lower our FY16-18E core EPS by 1-8%. Thus, we fine-tune our SOTP-based TP to RM1.16. Maintain HOLD.

Other Calls

Results Note � Bursa (HOLD, maintain) - Derivatives should sustain growth

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