Ta Ann's growth prospects underpinned by plantations division

Quick Summary:

PETALING JAYA: The outlook for Ta Ann Holdings Bhd remained moderate, supported by improvements in its plantation business.

Additionally, a better-than-expected crude palm oil (CPO) price above MaybankIB Research’s assumption of RM4,000 per tonne could provide further upside.

For 2024, Ta Ann posted a net profit of RM183.64mil on revenue of RM1.65bil, compared with a net profit of RM157.25mil on revenue of RM1.68bil in 2023.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Timber Ta Ann /Business/Business News Corporate News Plantation

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-26 @ 11:41:00 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 413 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 26449990

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

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Year Established: 1971

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