The other large timber stock of the mid-1990s was Jaya Tiasa Holdings Bhd which would report its results next month for its Q2 ending Oct 31, 2006. That would also be the schedule for related company Subur Tiasa Holdings Bhd.
Jaya Tiasa's results should be interesting. It earned just RM8.7mil last year although its lastest quarterly net profit of RM22.5mil was quite strong.
In the mid-1990s, Jaya Tiasa's earnings topped RM150mil a year, when its share price had peaked past RM16.
The Star Newspaper
Investors may see such days again. International Tropical Timber Organisation (ITTO) said in its latest newsletter that timber prices could rise further next year.
Click link below to read full story on The Star Newspaper.
The Star Newspaper: Fund managers rediscover timber
