【TAANN 5012 交流专区】大安

blackjack99

Ta Ann to buy plantation land for RM20.5m  


KUALA LUMPUR: TA ANN HOLDINGS BHD [] has entered into a sale and purchase (S&P) agreement to acquire the entire stake in Europalm Sdn Bhd for RM20.5 million, mainly for the land owned by the latter, as part of Ta Ann's strategy to increase its land base for oil palm PLANTATION []s.

In an announcement to Bursa Malaysia today, Ta Ann said its unit Multi Maximum Sdn Bhd had entered into an agreement to acquire two million shares of RM1 each, representing the entire stake in plantation company Europalm, which has a piece of land measuring 1,500 hectares at Jemoreng Land District, Sawarak.

Europalm had also been awarded another piece of land measuring 1,113ha at Seredeng Land District, it said.

Ta Ann said the acquisition would boost the group's oil palm plantation land. "The lands are the adjoining lots to the group's existing oil palm estates, their development into oil palm plantation will enjoy economies of scale," it said.

The group added that the acquisition would be funded by internally generated funds and bank financing.

It said the purchase price of Europalm was based on the value of the land calculated at an average of RM3,200 per acre by independent valuers. The acquisition was expected to be completed within six months from the date of the agreement, Ta Ann said.

Source:http://www.theedgemalaysia.com/b ... and-for-rm205m.html

henrytan5001

20mil for 1.5k arces? wah .. very cheap le

icy97

券商買進心頭好．種植業貢獻亮眼 大安控股估值可媲美中型業者

股市18/10/2011 23:00

券商：肯納格證券研究
目標價：5.66令吉

大安控股（TAANN，5012，主要板工業）由鋸木者轉做種植業者，平均樹齡仍顯年輕，未來3年的油棕樹鮮果串產量或倍增至68萬7474公噸，與其他種植業者相比，派息最為誘人。

該公司由鋸木者轉做種植業者，種植業務將從2011財年起，貢獻約80%營運淨利，在重新估值后，料可與中型種植股一較高下。

我們相信，市場誤置大安控股為木材業者，明顯壓低估值，僅佔本益比的8倍，眼下投資者有必要調整步調，以該公司規模為例，應以11或12倍本益比進行交易。

目前，大安控股截至去年底的平均樹齡為4.5歲，是我們評估的種植股中最為年輕的，一般棕櫚樹將在10至12歲時達至產量高峰。

我們預計在2016年底，該公司油棕樹鮮果串（FFB）收成可從目前每英畝1780萬公噸，增至每英畝2800萬公噸。

大安控股未來3年，將致力擴大油棕樹鮮果串產量，據我們保守估計，將從去年底31萬870公噸倍增至68萬7474公噸，等同未來3年年複成長率（CAGR）可達30%。

該公司派息政策為淨利的50%，以此計算，我們估計，大安控股2011及2012財年每股淨股息或介于23.5至28.9仙。

閉市時，該股收在4.76令吉，跌12仙，成交量11萬5100股。[ChinaPress]

icy97

大安在中國投資蒙虧121.6萬

大馬財經  2011-11-17 19:09
（吉隆坡17日訊）大安控股（TAANN，5012，主板工業產品組）在中國的投資蒙受38萬6千美元（約121.6萬令吉）虧損。

這項中國投資的最初成本為400萬美元。

大安文告表示，在得到中國政府批准後，該公司已將脫售土地所取得的收益，從中國匯回大馬，而生產夾板的設備也已運回及將會安裝在詩巫的夾板廠。

文告說，比較最初投資的400萬美元和售地所得以及生產設備的價值，在中國的計劃共蒙受38萬6千美元虧損。

大安也表示，該公司於11月14日獲得中國政府批准以將子公司大安生態木材工業公司清盤。這家公司的清盤行動因此宣告完結，而不再是該集團的子公司。（星洲日報／財經）

icy97

Ta Ann 3Q net profit jumps 51.6% to RM47.93m               
Written by Surin Murugiah of theedgemalaysia.com           
Wednesday, 23 November 2011 17:44

KUALA LUMPUR (Nov 23): TA ANN HOLDINGS BHD [] net profit for the third quarter ended Sept 30, 2011 jumped 51.6% to RM47.93 million from RM31.6 million a year earlier, due mainly to the strong profit contribution from the oil palm division which recorded a 70% higher profit compared to the corresponding quarter in 2010.

The company said on Wednesday that its revenue for the quarter rose 9.99% to RM254.44 million from RM231.32 million.

Earnings per shares rose to 15.52 sen from 10.23 sen in 2010, while net assets per share was RM2.92.

For the nine months ended Sept 30, Ta Ann’s net profit surged to RM125.23 million from RM47.07 million, on the back of an increase in revenue to RM714.38 million from RM607.72 million in 2010.

Reviewing its results, Ta Ann said the better performance in the quarter under review was also contributed by an increase in plywood prices that rose by 21%, although its overall sales volume for timber and timber products fell by 9% quarter-on-quarter.

On its prospects, Ta Ann said demand for timber and timber products were expected to moderate in the last quarter of 2011.

The company said the oil palm sector’s performance would be boosted by the recovery in crude palm oil price to above RM3,000 per tonne level and retain its position as the main profit contributor.

“Barring unforeseen circumstances, the board expects year 2011 to deliver a record performance,” it said.

icy97

大安净利跃升51%

财经新闻 财经  2011-11-24 10:51
（吉隆坡23日讯）受油棕业务盈利大幅改进所带动，大安（TaAnn，5012，主板工业产品股）现财年第三季净利跃升51.68%至4793万1000令吉，上财年同期为3160万令吉。

第三季录得2亿5443万7000令吉营业额，比上财年同期的2亿3131万5000令吉增加9.99%。

截至9月30日首9个月，公司共取得1亿2522万6000令吉净利，比上财年同期的4706万5000令吉飙升166.07%；营业额也增加17.55%至7亿1438万2000令吉，上财年同期为6亿772万4000令吉。

第三季和首9个月的每股盈利分别达15.52仙和40.55仙，上财年同期分别为10.23仙和15.24仙。[NanYang]

kokomoo1

Submitted By:		Vivian Voon / Ang Lip Joo
		Current Year Quarter	Preceding Year Corresponding Quarter	Current Year to Date	Preceding Year Corresponding Period
		30/09/2011	30/09/2010	30/09/2011	30/09/2010
		RM '000	RM '000	RM '000	RM '000
1	Revenue	254,437	231,315	714,382	607,724
2	Profit/Loss Before Tax	64,956	44,050	174,097	66,085
3	Profit/Loss After Tax and Minority Interest	49,740	31,749	129,094	46,233
4	Net Profit/Loss For The Period	47,931	31,600	125,226	47,065
5	Basic Earnings/Loss Per Shares (sen)	15.52	10.23	40.55	15.24
6	Dividend Per Share (sen)	0.00	5.00	10.00	8.00
				As At End of Current Quarter	As At Preceding Financial Year End
7	Net Tangible Assets Per Share (RM)			2.9200	3.1600

icy97

SUMMARY OF KEY FINANCIAL INFORMATION

31/12/2011

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/12/2011	31/12/2010	31/12/2011	31/12/2010
		$$'000	$$'000	$$'000	$$'000
1	Revenue	213,604	219,554	927,986	827,278
2	Profit/(loss) before tax	43,966	32,774	218,063	98,859
3	Profit/(loss) for the period	30,080	26,070	159,174	72,303
4	Profit/(loss) attributable to ordinary equity holders of the parent	28,043	27,915	153,269	74,980
5	Basic earnings/(loss) per share (Subunit)	9.08	9.04	49.64	24.28
6	Proposed/Declared dividend per share (Subunit)	10.00	0.00	20.00	8.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	3.0300		3.1600

icy97

SUMMARY OF KEY FINANCIAL INFORMATION

31/12/2011

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/12/2011	31/12/2010	31/12/2011	31/12/2010
		$$'000	$$'000	$$'000	$$'000
1	Revenue	213,604	219,554	927,986	827,278
2	Profit/(loss) before tax	43,966	32,774	218,063	98,859
3	Profit/(loss) for the period	30,080	26,070	159,174	72,303
4	Profit/(loss) attributable to ordinary equity holders of the parent	28,043	27,915	153,269	74,980
5	Basic earnings/(loss) per share (Subunit)	9.08	9.04	49.64	24.28
6	Proposed/Declared dividend per share (Subunit)	10.00	0.00	20.00	8.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	3.0300		3.1600

icy97

Company Name	:	TA ANN HOLDINGS BERHAD
Stock Name	:	TAANN
Date Announced	:	29/02/2012

EX-date	:	12/03/2012
Entitlement date	:	14/03/2012
Entitlement time	:	05:00:00 PM
Entitlement subject	:	Second interim dividend
Entitlement description	:	Second interim dividend of 10 sen per ordinary share, single-tier, in respect of the financial year ended 31 December 2011
Period of interest payment	:	to
Financial Year End	:	31/12/2011
Share transfer book & register of members will be	:	to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no	:	Symphony Share Registrars Sdn. Bhd. Level 6, Symphony House Block D13, Pusat Dagangan Dana 1 Jalan PJU 1A/46, 47301 Petaling Jaya Selangor Darul Ehsan Tel. No.: 03 - 7841 8000
Payment date	:	30/03/2012
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	:	14/03/2012
b. Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit	:
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)	:
Entitlement indicator	:	Currency
Currency	:	Malaysian Ringgit (MYR)
Entitlement in Currency	:	0.1
Remarks :
The date of securities transfered into the Depositor's Securities Account before 4:00 pm in respect of transfers should be 14/3/2012 instead of 9/3/2012.

icy97

大安控股 5股送1股

股市19/04/2012 23:00
（吉隆坡19日訊）大安控股（TAANN，5012，主要板工業）建議，以5股送1股方式，發行最高6179萬6130股的紅股，每股面值1令吉。

該公司向馬證交所報備，將透過保留盈利儲備，進行這項紅股計劃，紅股過戶日將在獲得各方批准后再作宣佈。

大安控股指出，每持有5股的股東，將能獲得1紅股，預期可在今年第2季完成紅股計劃。

“紅股計劃旨在回饋股東的持續支持，使股東藉更多的股票數額，更佳的參與投資公司股票，並提升股票的行銷性和流通量。”

假設發行最高6179萬6130股的紅股，在扣除紅股資本和估計開銷后，大安控股的保留盈利儲備將從6億1549萬令吉，減至5億5359萬令吉。

此外，該公司股票數額將最高增至3億7077萬6780股。

截至今日閉市，大安控股報6.50令吉，跌10仙，成交量35萬5200股。[ChinaPress]

icy97

派红股改善流通量 大安每股盈利或冲淡

财经新闻 财经  2012-04-20 19:16
（吉隆坡20日讯）券商看好大安（TaAnn，5012，主板工业产品股）以5股送1股方式派发6179万6130红股的建议，并认为可改善股票流通量，不过，此举料将冲淡每股盈利水平。

艾芬投资银行分析员正面看待派发红股献议，认为派发红股可改善股票流通量。

上述红股计划股票总值约达6179万6130令吉，将从公司的保留盈利内拨出。大安将在特别股东大会上，寻求股东的批准，预计在今年次季完成。

完成红股派发活动后，大安的股票将由3亿898万650股，增加至3亿7077万6780股。

分析员表示，尽管大安股价截至目前上涨了22.5%，但该股仍以2012财年本益比12.3倍来交易，估值仍不算太高。

股价稳健走高
“随着日本和印度的需求走高，因而促使木材价格复苏，加上油棕种植已开始成熟，我们看好该股前景，因而给予该股‘买入’评级。”

另一方面，马兴业金融投资研究分析员却认为，虽然派发红股并不会对大安的盈利构成影响，但每股盈利料将稀释17%。

“根据6.59令吉的5天加权平均市价（WAMP）来计算，大安股价在除权后，料将调整至5.49令吉。”

大安建议派发红股的消息传出后，股价走势稳健攀高，今日一开市即上涨5仙，以6.55令吉报开。

早盘休市，大安以6.65令吉暂收，上涨15仙或2.31%，半日成交量为38万8000令吉。

闭市时，该股报6.56令吉，上涨6仙或0.92%，全日成交量为68万股。[Nanyang]

icy97

Submitting Merchant Bank	:	AMINVESTMENT BANK BERHAD
Company Name	:	TA ANN HOLDINGS BERHAD
Stock Name	:	TAANN
Date Announced	:	24/05/2012

EX-date	:	14/06/2012
Entitlement date	:	18/06/2012
Entitlement time	:	05:00:00 PM
Entitlement subject	:	Bonus Issue
Entitlement description	:	Bonus issue of up to 61,796,130 new ordinary shares of RM1.00 each in Ta Ann Holdings Berhad ("Ta Ann") to be credited as fully paid-up ("Bonus Shares") on the basis of one (1) Bonus Share for every five (5) existing ordinary shares of RM1.00 each ("Shares") held as at 5:00 p.m. on 18 June 2012 ("Books Closure Date")
Period of interest payment	:	to
Financial Year End	:
Share transfer book & register of members will be	:	to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no	:	Symphony Share Registrars Sdn Bhd Level 6, Symphony House, Block D13, Pusat Dagangan Dana 1, Jalan PJU 1A/46, 47301 Petaling Jaya Selangor Darul Ehsan Tel. no. : +603-7849 0777 Fax no. : +603-7841 8151
Payment date	:
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	:	18/06/2012
b. Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit	:
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)	:
Entitlement indicator	:	Ratio
Ratio	:	1 : 5
Rights Issues/Offer Price	:
Remarks :
In accordance with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities"), the Bonus Shares will be listed and quoted on 19 June 2012, being one (1) market day after the Books Closing Date. The Share Registrar of TAANN will issue and despatch notices of allotment to all entitled shareholders of TAANN within four (4) market days after the date of the listing of and quotation for the Bonus Shares on the Main Market of Bursa Securities.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION

31/03/2012

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/03/2012	31/03/2011	31/03/2012	31/03/2011
		$$'000	$$'000	$$'000	$$'000
1	Revenue	164,567	181,438	164,567	181,438
2	Profit/(loss) before tax	15,471	38,657	15,471	38,657
3	Profit/(loss) for the period	10,581	27,445	10,581	27,445
4	Profit/(loss) attributable to ordinary equity holders of the parent	11,439	26,561	11,439	26,561
5	Basic earnings/(loss) per share (Subunit)	3.70	8.60	3.70	8.60
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	2.9700		3.0400

icy97

大安控股財測大幅下修

熱股評析  2012-08-06 19:04
（吉隆坡6日訊）隨著膠合板業務虧損預計擴大，大安控股（TAANN，5012，主板工業產品組）次季業績表現料令人失望，下砍2012至2014財政年財測53.8%至22.6%，但相信原木和種植業務表現能夠持穩。

塔斯馬尼亞膠合板售價在今年首季報每立方米600美元，低於650美元的生產成本，大馬膠合板產品則報每立方米520美元，生產成本則為560美元，由於塔斯馬尼亞膠合板和大馬膠合板分別在次季再下滑9%和3%，相信膠合板業務虧損將再度擴大。

原木業務方面，由於售價和產量皆在次季上揚，預見原木運作盈利有望翻倍，種植業務則同樣具備產量上揚和成本走低利好加持，但考量上半年鮮果串產量遠低全年預期，全年產量成長目標或落空。

整體而言，預見大安次季表現略勝首季，但若膠合板售價保持低迷，有關業務料在今年內保持虧損狀態，日本經濟和建築業狀況，將直接決定膠合板業務未來表現。

主評：興業研究
評級：落後大市↓
目標價：3.70令吉（星洲日報／財經）

券商買進心頭好．大安控股 下半年獲利料不俗

股市06/08/2012 23:00

券商：馬銀行金英投資研究　
合理價：5.30令吉

儘管大安控股（TAANN，5012，主要板工業）第2季業績報低，影響近期股價表現，但該公司油棕樹鮮果串（FFB）按季增長12%，我們看好下半年將有獲利表現。

該公司在第2季業績的油棕樹鮮果串按季增長12%至10萬225公噸；

根據今年首半季，公司油棕樹鮮果串按年增長2%至18萬9347公噸，相較我們預期達到35%。

據大馬棕油局給予今年第2季產品平均銷售價格（ASP）和上季相同，達每公噸3218令吉。

由于在日本的重建活動和非政府組織抗議的意外事件造成的延誤，造成三夾板需求走弱。

但隨著圓木桐的高貢獻，足以抵銷三夾板的弱勢，大安控股將樂觀看待三夾板的需求回升。

我們預計，大安控股第2季淨利將低于我們預期，達到介于1500萬至2000萬令吉目標，首半年淨利達2600萬至3100萬令吉之間。

但我們看好該公司下半年將獲得棕油極大的貢獻，尤其是油棕樹鮮果串。

我們看好該公司前景，給予“買進”評級，目標價為5.30令吉。[ChinaPress]

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30/06/2012

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30/06/2012	30/06/2011	30/06/2012	30/06/2011
		$$'000	$$'000	$$'000	$$'000

1	Revenue	187,989	278,507	352,556	459,945
2	Profit/(loss) before tax	17,867	70,484	33,338	109,141
3	Profit/(loss) for the period	11,307	51,909	21,888	79,354
4	Profit/(loss) attributable to ordinary equity holders of the parent	13,317	50,734	24,756	77,295
5	Basic earnings/(loss) per share (Subunit)	3.59	13.69	6.68	20.86
6	Proposed/Declared dividend per share (Subunit)	0.00	10.00	0.00	10.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	2.5100		3.0400

icy97

大安沙巴联营油棕园

财经新闻 财经  2012-10-02 08:30
（吉隆坡1日讯）大安（TaAnn，5012，主板工业产品股）宣布，与Pelita控股私人有限公司签署3项联营协议书，共同把沙巴3块地段，发展为油棕业务计划基地。

文告指出，大安独资子公司———大安种植和Pelita控股，将分别持有联营公司55%和15%股权，剩余的30%股权则由上述土地地主委托人所持有。

这3块土地各占地6900公顷、1万3512公顷和3000公顷。

资料显示，Pelita控股为Pelita子公司，是砂拉越郊外与土地发展部的法定机构。

这项计划符合集团扩大油棕业务的目标。[Nanyang]

icy97

砂州联营棕油园 大安扩大地库长期看好

财经新闻 财经  2012-10-04 11:43
（吉隆坡3日讯）尽管大安（TaAnn，5012，主板工业产品股）与Pelita控股私人有限公司联手发展3块地段的计划，在短期内无法贡献盈利，但券商仍相信，此举有助于提高大安的地库，并正面看待联营计划的前景。

日前，大安独资子公司———大安种植私人有限公司，与Pelita控股签署3项联营协议，联手发展砂拉越3块面积2万3412公顷的未开发地段。

马银行投资银行分析员预测，此举料将推高大安的地段54%，达到6万6412公顷。

“基于大安计划在2016年才开始栽种油棕，因此，该联营协议预计在2020年后，才能贡献盈利。

透过这3项联营协议，大安每年可栽种3000公顷的新油棕，直至2022年。因此，我们仍正面看待上述联营协议。”

大安和Pelita控股，将各别持有联营公司的55%和15%股权，其余的30%股权，则由上述土地地的主委托人所持有。

根据大马交易所的文告指出，Pelita控股为砂拉越郊外与土地发展部法定机构Pelita的子公司。

种植业务走强
分析员指出，大安的油棕业务占其每年盈利逾70%，该公司的种植业务或将随着上述联营协议而持续走强。

“大安的油棕树树龄尚年幼，因此，大安的长期增长前景仍保持不变，未来3年的鲜果串产量复合年成长率（CAGR）为18%。

基于上述原因，我们维持该股‘买入’评级，目标价定为5.30令吉。”

每公顷RM5456 土地成本合理
拉昔胡申研究分析员指出，以大安持有联营公司的股权来计算，每公顷5456令吉的成本不算昂贵。

“若与砂拉越其他未开发地段的交易价（每公顷6000至8000令吉）相比，上述价码不算昂贵，土地的总发展成本（包括厂房）预计介于4亿5000万至5亿令吉。

以大安持股55%来计算，大安必须拿出2亿5000万至3亿令吉的成本，联营公司将透过借贷的方式来筹资。”

不过，随着木材业前景和原棕油价格走弱，加上日本经济停滞不前，该分析员因而给予该股“低于大市”的评级。[Nanyang]

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30/09/2012

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30/09/2012	30/09/2011	30/09/2012	30/09/2011
		$$'000	$$'000	$$'000	$$'000

1	Revenue	234,853	254,437	587,409	714,382
2	Profit/(loss) before tax	41,615	64,956	74,953	174,097
3	Profit/(loss) for the period	29,726	49,740	51,614	129,094
4	Profit/(loss) attributable to ordinary equity holders of the parent	30,463	47,931	55,219	125,226
5	Basic earnings/(loss) per share (Subunit)	8.22	12.94	14.90	33.80
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	10.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	2.5900		3.0400

秀蓉

大安第三季业绩料逊色

財经 2012年11月17日
（吉隆坡17日讯）尽管大安控股（TAANN，5012，主板工业股）鲜果串产量按季成长62%，但由於原棕油价格疲弱，加上伐木业务料持续亏损，市场相信，该公司第三季业绩表现逊色，并下调净利预测。

马银行投行分析员表示，大安控股2012财政年第三季净利料差强人意，主要因为原棕油价格比预期疲弱。

不过，该公司的油棕树龄平均只有5年，是高产量时期，在2011至2014的鲜果串产量料会有18%的年增长率，仍是大安控股的长期价值。

分析员表示，大安控股第三季按季成长62%鲜果串产量，占其2012年预测的32%。不过，第三季疲弱的原棕油价格拖累种植业务的净利；大马棕油局原棕油现货平均销售价格为每公吨2851令吉。

同时，分析员指出，该公司伐木业务第三季的税前净利将被夹板业务的亏损抵销。尽管第三季平均销售价格按季改善6%，至每公吨546美元，销售量也按季上扬16%，但夹板业务料持续陷入亏损。

在伐木业务方面，由於出口销售按季成长6%，抵销较低平均销售价格，该业务净利表现料持稳。

分析员预测，大安控股第三季净利或为2500万至2800万令吉，而9个月净利料仅占其全年预测的51至54%，交出让人失望的成绩。

下调净利预测

分析员因而将其2012至2014财政年净利预测分别下调33%丶11%和9%。除了因为2012年原棕油平均售价料在较低的每公吨2950令吉水平外，自8月份起较高的运输费，每公吨100令吉的提炼商「折扣」，以及较低的鲜果串产量等，都是分析员下调净利的因素。

无论如何，在长期看好其年轻树龄的因素下，分析员仍维持其「买进」的评级，但目标价格则下调至4.70令吉。

http://www.orientaldaily.com.my/index.php?option=com_k2&view=item&id=31604:&Itemid=198