RHBInvest Research
Wednesday, December 29, 2010
Timber
- Logs and plantation to drive earnings in 2011, plywood to remain stable.
- Maintain Overweight call on the sector
- Timber companies which have significant oil palm plantation are also set to benefit from rising CPO prices
- Top picks are Jaya Tiasa (OP, FV = RM5.78) and Ta Ann (OP, FV = RM5.92).
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