ta ann holdings

 
 

Ta Ann’s Certificate for Forest Management award garners neutral views

KUCHING: Ta Ann Holdings Bhd’s (Ta Ann) recent Certificate for Forest Management award has garnered neutral views from analysts given that its earnings impact is likely to be minimal in the near term. In a filing to Bursa Malaysia, Ta Ann announced that the group’s Kapit Forest Management Unit (FMU), managed by wholly-owned subsidiary Tanjong […]


Ta Ann’s Kapit FMU attains Forest Management Certificate

KUALA LUMPUR: Ta Ann Holdings Bhd’s Kapit Forest Management Unit (FMU) has been awarded the Certificate for Forest Management (Natural Forest) under the Malaysian Timber Certification Scheme. The Kapit FMU is managed by Tanjong Manis Holdings Sdn Bhd, a wholly-owned unit of Ta Ann. In a filing to Bursa Malaysia yesterday, Ta Ann said the certificate […]


Stormy quarter puts pressure on Ta Ann’s cash flow

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BAD luck and ongoing timber woes are sapping the cash reserves of Ta Ann Holdings Bhd, which paid nearly RM171 million for 30.4% of Sarawak Plantation Bhd (SPLB) earlier this year. In the first quarter ended March 31, 2018, Ta Ann’s cash and cash equivalents fell from RM272.86 million to RM179.85 million, equivalent to 37.2% of its current liabilities. The 0.37 cash ratio is the company’s lowest on a quarterly basis since 2012, according to data compiled by Bloomberg. Its cash and cash equivalents had fallen on a q-o-q basisRead More


Quiet first quarter for planters, but positivity intact

KUCHING: Despite plantation firms seeing an unexciting quarter for the first quarter of financial year 2018 (1Q18), MIDF Amanah Investment Bank Bhd (MIDF Research) expects better crude palm oil (CPO) prices in the second half of 2018 (1H18) to translate into better earnings. Out of the 10 plantation companies under its coverage, MIDF Research saw […]


India likely to remain major buyer from Ta Ann Group

SIBU: Ta Ann Holdings Berhad (Ta Ann) is confident that India will remain the major buyer from them throughout this year. Ta Ann chief executive officer Dato Wong Kuo Hea said India will definitely remain as the major buyer with export volume expected to remain strong in FY2018. “The export selling price for our Group […]


Poor April start for KLCI continues as Asian markets fall

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KUALA LUMPUR (April 3): The FBM KLCI continued its poor April start this morning, tracking losses at most regional markets, following the overnight selloff at Wall Street. At 9.05am, the FBM KLCI fell 2.53 points to 1,855.82. The losers included Nestle (M) Bhd, Hengyuan Refining Company Bhd, Hong Leong Bank Bhd, Ta Ann Holdings Bhd, Globetronics Technology Bhd, Carlsberg Brewery Malaysia Bhd and Icapital.Biz Bhd. Asian stocks extended a global selloff and the yen rose on Tuesday as investors fled for safety as an escalating trade spat between the UnitedRead More


Ta Ann Holdings to acquire 30.39 per cent stake in Sarawak Plantation

SIBU: Shareholders of Ta Ann Holdings Berhad (TAHB) have approved the acquisition of 30.39 per cent stake in Sarawak Plantation Berhad (SPB) for RM169.9 million or RM2 a share. The approval was made at TAHB’s extraordinary general meeting held here yesterday. The acquisition will be financed by bank borrowings as well as internal funds. SPB […]


Ta Ann approves acquisition of 30.39 pct stake in Sarawak Plantation

  SIBU: Shareholders of Ta Ann Holdings Berhad (TAHB) have today approved the acquisition of 30.39 per cent stake in Sarawak Plantation Berhad (SPB) for RM169.9 million or RM2 a share. The approval was made at TAHB’s Extraordinary General Meeting (EGM) held at a hotel here. The acquisition will be financed by bank borrowings as […]


KLCI dips 0.32%, tracks losses at regional markets

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KUALA LUMPUR (March 13): The FBM KLCI fell this morning, tracking losses at most regional markets. At 9.05am, the FBM KLCI lost 0.32% or 5.89 points to 1,855.33. The top losers included Petron Malaysia Refining & Marketing Bhd, Hengyuan Refining Company Bhd, Hong Leong Bank Bhd, Hartalega Holdings Bhd, Malaysian Pacific Industries Bhd, MISC Bhd, Kossan Rubber Industries Bhd, Maxis Bhd, Muda Holdings Bhd and Ta Ann Holdings Bhd. Asian stocks stalled on Tuesday, halting an earlier rally after Wall Street shares lost steam, while the dollar sagged on theRead More


Ta Ann’s FY17 within expectations, plantation segment to continue driving growth

KUCHING: Ta Ann Holdings Bhd’s (Ta Ann) financial year 2017 (FY17) results came within expectations and analysts believe that its plantation segment could continue to drive the group’s growth going forward. For FY17, Ta Ann reported a net profit of RM119.252 million, and RM23.441 million for the fourth quarter of FY17 (4QFY17). According to MIDF […]