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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