Showing posts with label Subur Tiasa. Show all posts
Indian log importers return with new orders
KUCHING: India, the No. 1 buyer of Sarawak's tropical logs, has returned with new orders following the recovery of its currency.
Ta Ann Holdings Bhd financial controller Augustine Siaw said Indian log importers slowed down their buying activities in the fourth quarter last year after the rupee depreciated in value.
“They have now come back to buy our logs as the rupee has recovered,” he told StarBiz.
Ta Ann exported 74% of its 2011 export of nearly 148,000 cu m of logs to India.
Sarawak Timber Association's figures revealed that India imported 1.86 million cu m worth RM1.13bil or 60% of Sarawak's total log exports last year.
In 2010, India purchased 2.21 million cu m of Sarawak logs.
Ta Ann reported a 23% increase in average log selling prices last year, compared with 2010 but recorded a 22% drop in export volume due to lower production due to adverse weather conditions.
Meanwhile, Ta Ann and several other Sarawak-based listed timber companies reported a steep increase in their log production volumes in the first quarter this year.
During the Jan-March period, Ta Ann's production rose to 81,040 cu m or more than 12% from 72,284 cu m a year earlier.
Jaya Tiasa Holdings Bhd raised its production volume by more than 45% to 288,828 cu m from 186,222 cu m previously. Sister company Subur Tiasa Holdings Bhd's (Subur) production volume grew by more than 65% to 134,654 cu m in the first quarter from 81,067 cu m in the previous corresponding period.
Both Jaya Tiasa and Subur are under the stable of the diversified Rimbunan Hijau group.
Better weather conditions this year have facilitated log harvesting activities. Sarawak was hit by extreme wet weather in the first quarter last year which hampered logging activities.
In 2011, Sarawak's log production fell below 10 million cu m, to 9.61 million cu m, which was the lowest in more than two decades. In terms of export, the state recorded a 30% drop last year to 3.1 million cu m worth RM1.85bil.
The 2010 and 2009 volumes were 10.15 million cu m and 10.37 million cu m respectively. In 1991, the state logged a record 19 million cu m, and this was gradually reduced and maintained at about 12 million cu m a year in the past 10 years to ensure sustainable forest management. The Star Biz
Wednesday May 9, 2012
张晓卿深谙“竞争”原则 强者恒强常青不倒 (大马超级富豪NO.12)
这不仅是一段激励他人迎接未来艰巨挑战时值得深思的话，也可被诠释为，在张晓卿领导下，常青集团从初创期的小公司，经历37年企业竞争，不断创新改革，壮大成今日挤进世界500强企业的心路历程。
在大马南洋富豪榜位居第12位的丹斯里拿督张晓卿，在2012年初集团年宴致词时，说过如此一段话：“严峻的挑战，危机的来临，常常是自我检讨和诊断的机会，也是自我警觉和改变的开始。它不但考验人的能力和智慧，也考验企业的体制和管理。”
把一家小木材公司，慢慢打造成今日涉及多个领域的多元化企业王国，常青集团执行主席张晓卿深懂在“竞争就是生存”原则下，企业必须是强者、是勇者，敢于创新、改变和学习，通过努力争取才有机会强大至如现今的常青集团，可在竞争环境中屹立不倒。
其中以集团两大核心业务——木材和媒体，就得出印证上述道理的企业发展历程。
Setting price for plywood
Saturday February 18, 2012 By JACK WONG
KUCHING: Malaysia is coming up with a
“constructed” price for plywood in the wake of its manufacturers being
penalised by South Korean authorities on charges of dumping their panel
products. This proposed price is being worked out by the International Trade and Industry Ministry, together with input from the Sarawak Timber Industry Development Corp (STIDC) and plywood manufacturers.
“As most of the manufactured plywood is for the export market, there is at present no domestic selling price,” Sarawak Timber Association (STA) general manager Dr Peter Kho told StarBizWeek.
The proposed constructed price will be determined based on several factors including the production and transport costs of plywood and will serve as a guide to plywood exporters to check against any dumping charges.
To recap, the Korean Trade Commission (KTC) imposed anti-dumping duties on the imports of Malaysian plywood last March, ranging from 5% to 38% for three years.
Possible solution: Setting the domestic selling price for plywood will hopefully end South Korean charges of dumping. The
imposition of the duties followed KTC's probe into complaints by the
Korean Wood Panel Association that nine Malaysian plywood exporters
eight from Sarawak and one from Sabah were allegedly selling their
products below production costs, thereby hurting many South Korean
plywood manufacturers.
The anti-dumping duties imposed on the eight Sarawak plywood suppliers are between 5.12% and 9.75%. The suppliers include Subur Tiasa Plywood Sdn Bhd (5.12%), Jaya Tiasa Timber Products and Hwa Seng Veneer and Plywood Industry Sdn Bhd (6.43%), Shin Yang Plywood Sdn Bhd , Forescom Plywood Bhd , Menawan Wood Sdn Bhd , Shin Yang Plywood Bintulu Sdn Bhd and Zedtee Plywood Sdn Bhd (the five companies are owned by Shin Yang group) (9.75%). The duties on Sabah-based Sinora Sdn Bhd is the highest at 38.1% while it is 8.76% on all other Malaysian exporters.
The anti-dumping duties on some of the Sarawak suppliers were significantly reduced following their appeals. The duties have adversely affected exports of Sarawak plywood to South Korea, a traditional key market.
“As most of the manufactured plywood is for the export market, there is at present no domestic selling price,” Sarawak Timber Association (STA) general manager Dr Peter Kho told StarBizWeek.
The proposed constructed price will be determined based on several factors including the production and transport costs of plywood and will serve as a guide to plywood exporters to check against any dumping charges.
To recap, the Korean Trade Commission (KTC) imposed anti-dumping duties on the imports of Malaysian plywood last March, ranging from 5% to 38% for three years.
The anti-dumping duties on some of the Sarawak suppliers were significantly reduced following their appeals. The duties have adversely affected exports of Sarawak plywood to South Korea, a traditional key market.
日本災後重建商機大‧常豐控股隨木材業起舞
投資致富 2011-03-28 12:21
談起木製結構房子，大多給人環境惡劣、容易引發火災的感覺，與美感幾乎扯不上關係，但卻有許多人不知道在地震多發地帶，木結構重量輕，具有天然彈性特質，能幫助抵御嚴重的地震，因此深得地震頻發的日本人喜愛。
但日本早前不幸遭遇百年大地震襲擊，導致日本大量房屋損毀，災區重建勢必拉抬木材需求，常豐控股（SUBUR, 6904, 主板工業產品組）董事經理拿督張瑩認為，歷經低潮的木材業有望藉此再度出發，將美麗展現於人前。
30%產品出口日本
張瑩表示，日本地震海嘯災情慘重，不僅摧毀許多房屋和建築，連帶當地不少木材廠也遭到損毀，加上日本木板庫存處於低位，預見日本對木材產品的需求將隨重建活動進一步成長。
夾板需求大
“日本是常豐控股前5大出口市場，我們預計災後重建活動將提高對熱帶硬木產品，特別是夾板的需求，將視市場的需求進行出口額調整，但相信30%產品將出口至日本。”
她說，儘管日本需求成長，但現有產能已足以應付市場需求，而過往系列產能改善、減低浪費的投資，也令集團產能持續獲得改善。
“不過，我們並不會將產能集中在生產日本需求較高的夾板上，需儘量平衡和滿足各項產品的需求。”
截至2010年11月止首11個月，日本進口近115萬立方公尺嵌板產品，總值高達17億令吉，約佔砂拉越總出口250萬立方公尺（總值34億3千萬令吉）的半數，相等於每平方公尺售價442令吉。
日本建築經濟研究院預計，截至2012年3月31日止財政年，日本房屋開工數量將增長9.9%至89萬8千900單位。
木材價格呈上漲趨勢
此外，張瑩指出，國際木材價格經過多年低迷後，近來開始呈現上漲趨勢，其中夾板價格已增長13%至每立方公尺500美元，相信隨著夾板需求上漲，預計銷價可能成長超過25%，並帶動集團盈利成長25至30%。
目前，常豐控股夾板業務佔總營業額的31%，原木領域和刨花板（Particle board）則分別貢獻36%和9%。
但她表示，歐洲主權債務危機，以及美國房市低迷，甚至美元兌馬幣持續走貶，都可能對集團盈利表現帶來壓力，因此為了應對挑戰，公司將繼續落實最大化資源利用等合理化業務，以及嵌入風險管理框架的審慎商業實踐方案，以持續取得業務表現成長。
雖然面對全球金融和經濟危機低迷氛圍，以及日本和美國房屋開工下降、馬幣兌美元持續上漲壓力影響，常豐控股過去5年營業額卻延續漲勢（2009年除外），營業額從2006年的5億零838萬8千令吉，上漲33.73%至2010年的6億7千985萬3千令吉。
不過，過去5年淨利卻因低木材價格，以及全球金融危機等因素影響而呈現跌勢，從2006年的6千940萬9千令吉，下跌131.36%至3千萬零1千令吉；儘管如此，在2010財政年，該公司淨利已比2009年的1千783萬3千令吉強勁反彈68.23%，主要歸功於原木出口增加和高夾板價格帶動。
再看最新公佈的半年業績，歸功於樹桐平均售價高企拉動，常豐控股截至2011年1月31日止首半年，淨利從前期的1千339萬8千令吉上漲15.2%至1千543萬5千令吉。
常豐控股認為，中東地緣因素遲遲未平息，國際油價持續飆高可能稀釋正面前景因素，集團將繼續合理化營運、強化資源使用和採取審慎業務策略應對，排除任何不可預見因素，相信集團未來將繼續叫出令人滿意成績。
擴展油棕種植業務
除了木材業務，常豐控股也涉足油棕種植，而張瑩不排除未來種植業務貢獻將超越木材領域的可能性。
她指出，集團在2006年開始跨足油棕種植業務，隨後即不斷成長，其中集團在2010財政年進一步開發新油棕園坵，增加油棕種植地至超過1萬3千公頃。
“此外，2010財政年鮮果串產量增長近2萬公噸，預計隨著更多園坵成熟，未來2年產能將進一步成長，不排除種植業務貢獻將超越木材領域可能。”
她說，集團未來將有進一步擴充計劃，並與潛在賣家進行洽商，但不便透露詳情。
常豐股價低估
資產重估將報喜
市場盛傳，日本地震海嘯災後重建活動可能提昇木材產品訂單，令國內木材類股近期漲聲不斷，其中常豐控股股價也成長不少，但張瑩卻認為股價持續受到低估。
她指出，集團現在手頭仍有一些土地，尚未進行重新估值，相信一旦完成重估，資產將比現有高出不少，但股價卻遲遲未能反映資產價值。
“我認為公司股價受到低估，但要到重估活動後，才可確認遭低估程度。”
以截至3月25日止2令吉86仙閉市價計算，常豐控股股價仍較2010財政年的每股3令吉22仙淨
談起木製結構房子，大多給人環境惡劣、容易引發火災的感覺，與美感幾乎扯不上關係，但卻有許多人不知道在地震多發地帶，木結構重量輕，具有天然彈性特質，能幫助抵御嚴重的地震，因此深得地震頻發的日本人喜愛。
但日本早前不幸遭遇百年大地震襲擊，導致日本大量房屋損毀，災區重建勢必拉抬木材需求，常豐控股（SUBUR, 6904, 主板工業產品組）董事經理拿督張瑩認為，歷經低潮的木材業有望藉此再度出發，將美麗展現於人前。
30%產品出口日本
張瑩表示，日本地震海嘯災情慘重，不僅摧毀許多房屋和建築，連帶當地不少木材廠也遭到損毀，加上日本木板庫存處於低位，預見日本對木材產品的需求將隨重建活動進一步成長。
夾板需求大
“日本是常豐控股前5大出口市場，我們預計災後重建活動將提高對熱帶硬木產品，特別是夾板的需求，將視市場的需求進行出口額調整，但相信30%產品將出口至日本。”
她說，儘管日本需求成長，但現有產能已足以應付市場需求，而過往系列產能改善、減低浪費的投資，也令集團產能持續獲得改善。
“不過，我們並不會將產能集中在生產日本需求較高的夾板上，需儘量平衡和滿足各項產品的需求。”
截至2010年11月止首11個月，日本進口近115萬立方公尺嵌板產品，總值高達17億令吉，約佔砂拉越總出口250萬立方公尺（總值34億3千萬令吉）的半數，相等於每平方公尺售價442令吉。
日本建築經濟研究院預計，截至2012年3月31日止財政年，日本房屋開工數量將增長9.9%至89萬8千900單位。
木材價格呈上漲趨勢
此外，張瑩指出，國際木材價格經過多年低迷後，近來開始呈現上漲趨勢，其中夾板價格已增長13%至每立方公尺500美元，相信隨著夾板需求上漲，預計銷價可能成長超過25%，並帶動集團盈利成長25至30%。
目前，常豐控股夾板業務佔總營業額的31%，原木領域和刨花板（Particle board）則分別貢獻36%和9%。
但她表示，歐洲主權債務危機，以及美國房市低迷，甚至美元兌馬幣持續走貶，都可能對集團盈利表現帶來壓力，因此為了應對挑戰，公司將繼續落實最大化資源利用等合理化業務，以及嵌入風險管理框架的審慎商業實踐方案，以持續取得業務表現成長。
雖然面對全球金融和經濟危機低迷氛圍，以及日本和美國房屋開工下降、馬幣兌美元持續上漲壓力影響，常豐控股過去5年營業額卻延續漲勢（2009年除外），營業額從2006年的5億零838萬8千令吉，上漲33.73%至2010年的6億7千985萬3千令吉。
不過，過去5年淨利卻因低木材價格，以及全球金融危機等因素影響而呈現跌勢，從2006年的6千940萬9千令吉，下跌131.36%至3千萬零1千令吉；儘管如此，在2010財政年，該公司淨利已比2009年的1千783萬3千令吉強勁反彈68.23%，主要歸功於原木出口增加和高夾板價格帶動。
再看最新公佈的半年業績，歸功於樹桐平均售價高企拉動，常豐控股截至2011年1月31日止首半年，淨利從前期的1千339萬8千令吉上漲15.2%至1千543萬5千令吉。
常豐控股認為，中東地緣因素遲遲未平息，國際油價持續飆高可能稀釋正面前景因素，集團將繼續合理化營運、強化資源使用和採取審慎業務策略應對，排除任何不可預見因素，相信集團未來將繼續叫出令人滿意成績。
擴展油棕種植業務
除了木材業務，常豐控股也涉足油棕種植，而張瑩不排除未來種植業務貢獻將超越木材領域的可能性。
她指出，集團在2006年開始跨足油棕種植業務，隨後即不斷成長，其中集團在2010財政年進一步開發新油棕園坵，增加油棕種植地至超過1萬3千公頃。
“此外，2010財政年鮮果串產量增長近2萬公噸，預計隨著更多園坵成熟，未來2年產能將進一步成長，不排除種植業務貢獻將超越木材領域可能。”
她說，集團未來將有進一步擴充計劃，並與潛在賣家進行洽商，但不便透露詳情。
常豐股價低估
資產重估將報喜
市場盛傳，日本地震海嘯災後重建活動可能提昇木材產品訂單，令國內木材類股近期漲聲不斷，其中常豐控股股價也成長不少，但張瑩卻認為股價持續受到低估。
她指出，集團現在手頭仍有一些土地，尚未進行重新估值，相信一旦完成重估，資產將比現有高出不少，但股價卻遲遲未能反映資產價值。
“我認為公司股價受到低估，但要到重估活動後，才可確認遭低估程度。”
以截至3月25日止2令吉86仙閉市價計算，常豐控股股價仍較2010財政年的每股3令吉22仙淨
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Subur Tiasa
Rimbunan Hijau may seek HK listing
By Ooi Tee Ching
bt@nstp.com.my
July 2 2007
RIMBUNAN Hijau, controlled by tycoon Tan Sri Tiong Hiew King, is said to be looking to merge all its oil palm estates and forest assets around the world under one entity and list it on the Hong Kong stock exchange.
Market talk indicates that the move is prompted by the better valuation rival timber concessionaire Samling Global Ltd had experienced in the last four months, following its listing in Hong Kong in March this year.
Samling Global's offer price on March 6 was HK$2.08 (RM0.92) and last Friday it closed at HK$3.03 (RM1.34), a 46 per cent increase.
Bloomberg estimates show that there are six analysts in Hong Kong rating Samling Global's shares, with five recommending buy calls and the remaining one maintaining a neutral outlook.
In comparison, the Samling group's Bursa Malaysia-listed subsidiary Lingui Developments Bhd has one research house rating its stock.
Rimbunan Hijau's Malaysian-listed subsidiaries Jaya Tiasa Holdings Bhd and Subur Tiasa Holdings Bhd have also faired mediocrely, with two analysts covering Jaya Tiasa stock, while Subur Tiasa was last rated by a research house in 2005.
Also, since Rimbunan Sawit Bhd's debut on Bursa Malaysia in June last year, there is no formal coverage from any research houses.
"If Tiong were to group all his oil palm and timber assets under an umbrella company, it could surpass Samling Global in market value," a source said.
"Assuming that investors in Hong Kong dictate the pricing, it is likely that a merger of Jaya Tiasa, Subur Tiasa and Rimbunan Sawit could see a higher valuation. This is because fund managers see value generated into Rimbunan Hijau's group of companies from high timber and oil palm prices in the global market," the source added.
When approached by Business Times last Wednesday, Jaya Tiasa director Sandra Wong did not deny talk of Rimbunan Hijau mulling a global offering on the Hong Kong stock exchange.
She also confirmed that the group has considered grouping all its oil palm estates and timber concessions into one entity and listing it in Hong Kong "but for now, there is no decision".
She said a decision will be reached by the end of the year.
The Rimbunan Hijau group, established in 1975, is reputed to hold the largest timber concession in Malaysia spanning some 800,000ha.
The group also has large timber concessions in Papua New Guinea, Africa and Russia, among others.
Talk concerning the merger of its oil palm and forest assets started in January this year, when Tiong first announced his plans to merge all his publishing companies under Ming Pao Enterprise Corp Ltd, a media group listed in Hong Kong.
Last week, Ming Pao said its shareholders had approved the group's acquisition of Malaysia's Sin Chew Media Corp Bhd and Nanyang Press Holdings Bhd via share swaps amounting to HK$2.68 billion (RM1.18 billion).
Shareholders of Sin Chew and Nanyang are called to exchange their shares valued at RM4 and RM4.20 respectively for new Ming Pao shares valued at HK$2.70 (RM1.19) each.
Upon completion of the merger, Ming Pao will assume the listing status of Sin Chew on Bursa Malaysia, while Sin Chew and Nanyang will be delisted.
Subur Tiasa: 2nd Quarter financial result 2007
Review of Performance
In the current quarter under review, the Group achieved a higher revenue of RM140.18 million, an increase of RM6.99 million or 5% as compared to RM133.19 million in the preceding year corresponding quarter. The Group achieved a lower profit before tax of RM20.20 million, a 22% decrease as compared to RM25.83 million in the preceding year corresponding quarter.
EPS 2ndQ'07= 8.5sen. Accumulated EPS = 24.21sen.
For the current financial year-to-date, the Group recorded a higher revenue of RM290.92 million and profit before tax of RM55.47 million, a 16% increase and 6% increase respectively when compared to a revenue of RM251.51 million and a profit before tax of RM52.49 million in the preceding year corresponding period.
The increase in revenue in the current quarter and financial year-to-date was mainly due to higher export sales volume of plywood, coupled with the increase of export plywood selling prices. The increase in profit before tax in the current financial year-to-date was mainly attributable to the higher profit margin derived from the manufacturing operations, which was due to increase in average selling prices of plywood and particleboard, as compared to preceding year corresponding period.
Variation in the Quarterly Results Compared to the Results of the Immediate Preceding Quarter
For the quarter under review, the Group recorded profit before tax amounting to RM20.20 million, a decrease of RM15.07 million or 43% as compared to RM35.27 million attained in the preceding quarter. The decrease in profit before tax was mainly due to lower profit derived from the logs trading and plywood operations as a result of lower sales volume of logs and plywood respectively.
Commentary on Prospects
With the sustained demand from the key markets, the prices of the timber products are expected to remain firm in the near future. The Group’s timber operations are expected to continue making positive contributions to the Group’s earnings. The Group remains committed to prudent management and will continue taking stringent measures and plans to improve efficiencies and productivity of its business operations.
Barring any unforeseen circumstances, the Group’s result is expected to be satisfactory for the remaining quarters of the financial year.
In the current quarter under review, the Group achieved a higher revenue of RM140.18 million, an increase of RM6.99 million or 5% as compared to RM133.19 million in the preceding year corresponding quarter. The Group achieved a lower profit before tax of RM20.20 million, a 22% decrease as compared to RM25.83 million in the preceding year corresponding quarter.
EPS 2ndQ'07= 8.5sen. Accumulated EPS = 24.21sen.
For the current financial year-to-date, the Group recorded a higher revenue of RM290.92 million and profit before tax of RM55.47 million, a 16% increase and 6% increase respectively when compared to a revenue of RM251.51 million and a profit before tax of RM52.49 million in the preceding year corresponding period.
The increase in revenue in the current quarter and financial year-to-date was mainly due to higher export sales volume of plywood, coupled with the increase of export plywood selling prices. The increase in profit before tax in the current financial year-to-date was mainly attributable to the higher profit margin derived from the manufacturing operations, which was due to increase in average selling prices of plywood and particleboard, as compared to preceding year corresponding period.
Variation in the Quarterly Results Compared to the Results of the Immediate Preceding Quarter
For the quarter under review, the Group recorded profit before tax amounting to RM20.20 million, a decrease of RM15.07 million or 43% as compared to RM35.27 million attained in the preceding quarter. The decrease in profit before tax was mainly due to lower profit derived from the logs trading and plywood operations as a result of lower sales volume of logs and plywood respectively.
Commentary on Prospects
With the sustained demand from the key markets, the prices of the timber products are expected to remain firm in the near future. The Group’s timber operations are expected to continue making positive contributions to the Group’s earnings. The Group remains committed to prudent management and will continue taking stringent measures and plans to improve efficiencies and productivity of its business operations.
Barring any unforeseen circumstances, the Group’s result is expected to be satisfactory for the remaining quarters of the financial year.
Tag :
Subur Tiasa
Jaya Tiasa and Subur Tiasa latest quarter results
Quarterly report for the financial period ended : 31/10/2006
Jaya Tiasa - 13.28 sen
Subur Tiasa - 15.71 sen
Both companies posted stronger revenue and profit due to higher selling timber price. The companies believe the timber price can be sustainable in near future due to strong demand from Japan, India and China etc.... and also Indonesia tighten control of illegal logging.
Jaya Tiasa - 13.28 sen
Subur Tiasa - 15.71 sen
Both companies posted stronger revenue and profit due to higher selling timber price. The companies believe the timber price can be sustainable in near future due to strong demand from Japan, India and China etc.... and also Indonesia tighten control of illegal logging.
Tag :
Jaya Tiasa,
Subur Tiasa
Jaya Tiasa and Subur Tiasa:Timber stocks on The Star Newspaper
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
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
Tag :
Jaya Tiasa,
Subur Tiasa
Bullish in Timber sector - Subur Tiasa and Jaya Tiasa
I have invested on Subur Tiasa and Jaya Tiasa since beginning of this year. Both counters are performing well since I invested on them.
I would like to share more about on both companies latter.
This two months, investors start to feel good about timber share counters due to log and plywood continue to upward trend since beginning of 2006. Both Subur Tiasa and Jaya Tiasa have up more than 10% since August.
TaAnn is another Timber counter in Bursa Malaysia. The counter perform extremely well lately to record share price due to timber price up, good dividend payment and bonus share issue announcement.
Compare TaAnn, both Subur Tiasa and Jaya Tiasa still got room to appreciate higher. I believe Subur Tiasa and Jaya Tiasa will continue to grow if next quarter earning result post much better result. So let us wait for next earning report at end of Dec.
Jaya Tiasa no longer is pure timber player, it started to invested in palm oil since 2003.
I would like to share more about on both companies latter.
This two months, investors start to feel good about timber share counters due to log and plywood continue to upward trend since beginning of 2006. Both Subur Tiasa and Jaya Tiasa have up more than 10% since August.
TaAnn is another Timber counter in Bursa Malaysia. The counter perform extremely well lately to record share price due to timber price up, good dividend payment and bonus share issue announcement.
Compare TaAnn, both Subur Tiasa and Jaya Tiasa still got room to appreciate higher. I believe Subur Tiasa and Jaya Tiasa will continue to grow if next quarter earning result post much better result. So let us wait for next earning report at end of Dec.
Jaya Tiasa no longer is pure timber player, it started to invested in palm oil since 2003.
Tag :
Jaya Tiasa,
Subur Tiasa
