【TAANN 5012 交流专区】大安

icy97

Date of change	15 Jul 2016
Name	MISS MARIANNE CHENG WEI WEI
Age	44
Gender	Female
Nationality	Malaysia
Type of change	Appointment
Designation	Others
Qualifications	Bachelor of Commerce & Administration (Major in Accountancy & Commercial Law)
Working experience and occupation	Senior Corporate Manager cum Personal Assistant to Chief Executive Officer, Ta Ann Holdings Berhad (2008 - present);Corporate Accounts Manager, Ta Ann Holdings Berhad (2003 - 2008); Finance Executive, Borneo Securities Sdn Bhd (2000 - 2003);Accounts Executive, Subur Tiasa Holdings Berhad (1999 - 2000); andAudit Senior, Lau & Ling Chartered Accountants (1996 - 1999)
Directorships in public companies and listed issuers (if any)	No
Family relationship with any director and/or major shareholder of the listed issuer	No
Any conflict of interests that he/she has with the listed issuer	No
Details of any interest in the securities of the listed issuer or its subsidiaries	8,320 shares (0.00%*)

Remarks :

* less than 0.01%Ms. Marianne Cheng Wei Wei is appointed as Acting Chief Financial Officer with effect from 15 July 2016.

icy97

Date of change	15 Jul 2016
Name	MISS TAN SOK CHENG
Age	53
Gender	Female
Nationality	Malaysia
Type of change	Resignation
Designation	Chief Financial Officer
Reason	Due to personal reason
Details of any disagreement that he/she has with the Board of Directors	No
Whether there are any matters that need to be brought to the attention of shareholders	No
Family relationship with any director and/or major shareholder of the listed issuer	No
Any conflict of interests that he/she has with the listed issuer	No
Details of any interest in the securities of the listed issuer or its subsidiaries	3,001 shares (0.00%*)

icy97

大安次季赚2901万跌13%

2016年8月31日
（吉隆坡30日讯）大安（TAANN，5012，主板工业产品股）截至6月杪次季净赚2901万2000令吉或每股6.52仙，按年跌13.26%；上财年同季为3344万9000令吉或每股赚7.52仙。

种植和木材销售业绩改善，推升次季营业额4.75%，报2亿6908万1000令吉。

大安累积首半年净利按年跌31.34%，报4155万7000令吉：期间营业额微升1.79%，挂4亿8761万3000令吉。

看好棕油业务改善

至于下半年展望，董事部看好棕油业务改善，而木材业务方面保计保持。

州政府上个月把出口配额从40%，降低至30%，接下来树桐销售额会进一步减少。

大众投行研究分析员指出，大安首半年核心净利下跌35.2%，报3670万令吉，仅占全年预期的31%，业绩逊于市场预期，主因是木材销售疲弱。

但分析员还是维持净利预测不变，因看好原棕油价格和高鲜果串（FFB）产量增长，而乐观看待下半年种植盈利。

该分析员维持给予大安“超越大市”评级，目标价为5.31令吉。



【e南洋】

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2016	30 Jun 2015	30 Jun 2016	30 Jun 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	269,081	256,889	487,613	479,035
2	Profit/(loss) before tax	39,916	45,426	57,528	79,108
3	Profit/(loss) for the period	33,131	32,981	45,095	57,918
4	Profit/(loss) attributable to ordinary equity holders of the parent	29,012	33,449	41,557	60,530
5	Basic earnings/(loss) per share (Subunit)	6.52	7.52	9.35	13.61
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	5.00	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 ($$)	2.7000		3.1900

icy97

大安2亿全购Agrogreen Venture

2016年10月25日
（吉隆坡24日讯）大安（TAANN，5012，主板工业产品股）宣布，将以2亿1114万2952令吉，收购Agrogreen Venture私人有限公司全数股权。

该公司向马交所报备，将以1亿4780万66令吉向罗兴秀（译音）、刘永利（译音）、洪新奇（译音）和魏新尚博士（译音）收购Agrogreen Venture 70%股权。

同时，又分别以3167万1443令吉分从Signature Palms私人有限公司和莫哈末沙比里，手中购得2方，手上各持的Agrogreen Venture 15%股权。

根据大安文告，Agrogreen Venture主要业务是发展原棕油种植，在砂拉越拥有2片土地，面积共达5279.8公顷。【e南洋】

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN AGROGREEN VENTURES SDN. BHD.
Ta Ann Holdings Berhad (“Ta Ann” or the “Company”) is pleased to announce that the Company has on 24 October 2016 entered into the following separate conditional share sale agreements (“SSAs”) to acquire the entire equity interest in the issued and paid-up share capital of 2,400,000 ordinary shares of RM1.00 each in Agrogreen Ventures Sdn. Bhd. (“Agrogreen”) for a total cash consideration of RM211,142,952.00 (“Purchase Price”): a) SSA1 with Loi Heng Sewn, Lau Yong Lee, Albert Hong Hin Kay and Dr. Ngoi Sing Shang to acquire 1,100,000 ordinary shares of RM1.00 each (“Sale Shares I”) in Pekan Semangat Sdn. Bhd. (641647-P) which holds 1,680,000 ordinary shares of RM1.00 each representing 70% equity interest in Agrogreen, for a cash consideration of RM147,800,066.00; b) SSA2 with Signature Palms Sdn. Bhd. (920982-D) to acquire 360,000 ordinary shares of RM1.00 each representing 15% equity interest in Agrogreen (“Sale Shares 2”) held by Signature Palms Sdn. Bhd. for a cash consideration of RM31,671,443.00; and c) SSA3 with Tuan Haji Mohamad Sabry Bin Othman (NRIC No. 620411-13-5741) to acquire 360,000 ordinary shares of RM1.00 each representing 15% equity interest in Agrogreen (“Sale Shares 3”) held by Tuan Haji Mohamad Sabry Bin Othman for a cash consideration of RM31,671,443.00. [hereinafter Sale Shares 1, Sale Shares 2 and Sale Shares 3 shall be collectively referred to as the “Sale Shares” and the SSA1, SSA2 and SSA3 collectively referred to as the “Proposed Acquisitions”]. Further details of the Proposed Acquisitions are set out in the pdf file as attached. This announcement is dated 24 October 2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5239381

Attachments Acquisition of shares of Agrogreen Ventures.pdf

icy97

大安
购种植地贡献小

2016年10月27日

分析：大马投行
目标价：3.73令吉

最新进展：

大安（TAANN，5012，主板工业产品股）将以2亿1114万2952令吉，收购Agrogreen Venture私人有限公司全数股权。

大安分别以1亿4780万66令吉向罗兴秀（译音）、刘永利（译音）、洪新奇（译音）和魏新尚博士（译音）收购Agrogreen Venture 70%股权。

同时，又以3167万1443令吉分从Signature Palms私人有限公司和莫哈末沙比里，手中购得2方，手上各持的Agrogreen Venture 15%股权。

行家建议：

Agrogreen Venture拥有面积达5090公顷的土地，完成该收购后，大安种植土地面积将扩增至4万6231公顷。

不过，基于只有2191公顷种植土地的油棕树龄超过3年，我们预计短期内，该收购带来的盈利贡献并不显著。

而种植业务占大安2015财年税前盈利的43%。

截至2015年12月杪，大安的现金报3亿1900万令吉，因此该收购不会出现融资方面的问题。

鉴于此，大安的“守住”评级维持不变，并根据10.6倍的本益比，保持3.73令吉的目标价。



【e南洋】

icy97

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN AGROGREEN VENTURES SDN. BHD.
We refer to the announcement made on 24 October 2016 in relation to the Proposed Acquisition of the Entire Equity Interests in Agrogreen Ventures Sdn. Bhd. (“Proposed Acquisition”) (the "Announcement”). Ta Ann Holdings Berhad (“the Company”) wishes to announce additional information as per the file attached. Unless otherwise stated, words and expressions used in this announcement shall have the same meaning as those attributed to them in the Announcement. All other terms and conditions of the Proposed Acquisition remain unchanged. This announcement is dated 31 October 2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5247257

Attachments Further Announcement to Proposed Acquisition.pdf

icy97

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN AGROGREEN VENTURES SDN. BHD.
We refer to the announcements made on 24 October 2016 and 31 October 2016 in relation to the Proposed Acquisition of the Entire Equity Interests in Agrogreen Ventures Sdn. Bhd. Ta Ann Holdings Berhad wishes to announce additional information - the financial information on Agrogreen Ventures Sdn. Bhd. and Pekan Semangat Sdn. Bhd. (based on their audited financial statements for the year ended 31 December 2015) as per file attached. This announcement is dated 3 November 2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5251185

Attachments Pekan Semangat.pdf Agrogreen Ventures.pdf

哭哭鸟

冷眼推荐股（四）：TAANN
Thursday, November 10, 2016                  
http://bblifediary.blogspot.my/2016/11/taann.html

业务
- 伐木与木材贸易
- 生产胶合板
- 油棕种植

TAANN（大安集团，5012，主板工业产品股），成立于1985年，并于1999年11月23日上市大马交易所主板。

总部位于东马沙拉越的TAANN，一家拥有伐木执照的种植公司，过去一直以木材业为主要业务，如伐木（Timber Concession & Harvesting）、圆木贸易（Logs Trading），以及生产木胶合板（Plywood）。

TAANN也像许多大马公司那样，积极将业务多元化，尤其是木材公司，大都会将业务多元化至油棕种植，而TAANN也毫无例外的往这一个领域进行扩展。

2008年，TAANN正式进军油棕业务，截至2015年该集团共有8万7076公顷油棕种植地，而其种植地都集中在沙拉越中心地带。

基于油棕价格最近都处在2700令吉以上，而且似乎有进一步上涨的趋势，因此油棕种植公司来季的盈利确实由成长的潜能。

由于TAANN是近几年才开始投入油棕种植业务的，其早期所栽种的棕油树目前都已属于成熟期。

根据该集团的公司网站里头所透露的细料，截至2015年TAANN已栽种好的油棕园约4万1141公顷，当中的3万4138公顷属于成熟期。

油棕树产量最旺盛时期是介于4至16年，而TAANN的油棕树大都属于这一时期。

因此，相信这也是冷眼前辈会看上TAANN的原因。

TAANN于2015年的业绩创下了巅峰，营业额达到10亿4679万令吉，而净利也达到1亿8594万令吉。

老实说，这一个记录想要被超越，看来有点困难。

截至2016年6月30日止，该集团的首半年营业额只达到4亿8761万令吉，净利则是4156万令吉，还不到2015年财政年的一半，除非下半年能够有所突破。


免责声明：
以上投资分析，纯属本人个人意见和观点。


文章所提做出的数据与价格仅供参考，建议大家在买进一家公司的股份前，请先做功课并了解该公司，并衡量应何时进场和离场，任何人因看此文章而造成任何投资损失，本人恕不负责。切记，买卖自负！

LIMWEESIN

冷眼效应吧!

在之前我也把大安留在我的留意表内,但是最终都是决定不买。

原因很简单,周期股要看时机。
我看不到时机

哭哭鸟

胶合板产品价格走低 大安第三季净利下跌
By Gho Chee Yuan / theedgemarkets.com   | November 16, 2016 : 7:59 PM MYT   
http://www.theedgemarkets.com/my/article/胶合板产品价格走低-大安第三季净利下跌

（吉隆坡16日讯）大安控股（Ta Ann Holdings Bhd）第三季净利下跌22.8%，因胶合板产品的平均售价走低。

截至9月底第三季净利为5206万令吉，或每股11.71仙，低于去年同期的6742万令吉，或每股15.16仙。

由于原棕油和鲜果串均价分别扬25%和43%，第三季营业额达3亿4988万令吉，较同期的2亿9891万令吉，上升17.1%。

该集团今日向大马交易所报备，营业额增加也因为胶合板、原棕油和鲜果串销量分别增6%、16%和7%。

大安宣布派发每股5仙的股息，将于12月23日支付。

首9个月的净利跌26.8%至9362万令吉，或每股21.05仙，相比同期的1亿2795万令吉，或每股28.78仙；营业额有7亿7795万令吉，起7.7%至8亿3750万令吉。

展望未来，大安预计，棕油业务仍将是本财年末季的主要贡献来源。

“第三季本区域的原棕油产量低于预期，促使价格上涨，预计将延续至最后一个季度。”

该集团也预计，胶合板价格将回升，这是基于下届日本奥运会的基础设施建设工程。

大安表示，如无意外，有信心在2016财年交出满意表现。

该集团在另一份文告指出，已委任Wong Siik Onn为执行董事，即日生效。

年届40的Siik Onn是集团董事经理兼大股东拿督黄国恵的儿子。

他在资讯科技、软件业务开发及棕油行业有超过17年的工作经验。目前是民都鲁Palmhead集团公司的执行董事，该公司的主要业务包括油棕种植和原棕油厂。

（编译：陈慧珊）

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2016	30 Sep 2015	30 Sep 2016	30 Sep 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	349,884	298,913	837,497	777,948
2	Profit/(loss) before tax	75,951	91,319	133,479	170,427
3	Profit/(loss) for the period	57,615	70,388	102,710	128,306
4	Profit/(loss) attributable to ordinary equity holders of the parent	52,061	67,424	93,618	127,954
5	Basic earnings/(loss) per share (Subunit)	11.71	15.16	21.05	28.78
6	Proposed/Declared dividend per share (Subunit)	5.00	10.00	10.00	20.00
		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 ($$)	2.8300		3.1900

icy97

Date of change	16 Feb 2017
Name	MR WONG SIIK ONN
Age	40
Gender	Male
Nationality	Malaysia
Designation	Executive Director
Directorate	Executive
Type of change	Appointment
Qualifications	Bachelor of Electrical & Electronics Engineering from University of Western Australia, Perth, AustraliaPost Graduate Diploma in Information System, Curtin University, Perth, AustraliaMaster of Science in Computer, University of Kent at Canterbury, UKMaster of Business Administration, Curtin University, Perth, Australia
Working experience and occupation	Mr. Wong Siik Onn has more than 17 years of working experience in information technology, software business development and palm oil industry. He started work as a business development manager in WWT, WAPworkz Pty Ltd, a leading Singapore technology enabler for WAP-enabled mobile devices. He later joined a software development company, PIVOD Control Systems, Perth as a contract programmer before returning to Malaysia to set up a software development company, Intuitive Systems Sdn Bhd in Sibu, providing integrated solution web-based enterprise resource planning system for palm oil industry, where he is a technical director. Mr. Wong Siik Onn is presently the executive director of Palmhead Group of Companies in Bintulu, whose principal activities include oil palm plantations and a crude palm oil mill.
Directorships in public companies and listed issuers (if any)	Nil
Family relationship with any director and/or major shareholder of the listed issuer	Son of Dato Wong Kuo Hea, the Group Managing Director and a major shareholder of Ta Ann Holdings Berhad
Any conflict of interests that he/she has with the listed issuer	Nil
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct interest  396,560 shares (0.09%)Indirect interest  5,040,000 shares (1.13%)
Due Date for MAP	16 Jun 2017

icy97

Date of change	16 Nov 2016
Name	MISS MARIANNE CHENG WEI WEI
Age	44
Gender	Female
Nationality	Malaysia
Type of change	Others
Designation	Chief Financial Officer
Description	Re-designation
Qualifications	Bachelor of Commerce & Administration (Major in Accountancy & Commercial Law)
Working experience and occupation	Senior Corporate Manager cum Personal Assistant to Chief Executive Officer, Ta Ann Holdings Berhad (2008 - present);Corporate Accounts Manager, Ta Ann Holdings Berhad (2003 - 2008); Finance Executive, Borneo Securities Sdn. Bhd. (2000 - 2003);Accounts Executive, Subur Tiasa Holdings Berhad (1999 - 2000); andAudit Senior, Lau & Ling Chartered Accountants (1996 - 1999)
Family relationship with any director and/or major shareholder of the listed issuer	No
Any conflict of interests that he/she has with the listed issuer	No
Details of any interest in the securities of the listed issuer or its subsidiaries	8,320 shares (0.00%)

icy97

Type	Announcement
Subject	OTHERS
Description	DECLARATION OF SECOND INTERIM DIVIDEND
Ta Ann Holdings Berhad ("Ta Ann") wishes to announce that the Board of Directors has on 16 November 2016 declared a second interim single tier dividend of 5 sen per ordinary share, in respect of the financial year ending 31 December 2016, payable on 23 December 2016 to depositors whose names appear in the Record of Depositors on 5 December 2016. This announcement is dated 21 November 2016.

icy97

大安
果串丰收推高财测

2016年11月18日

分析：MIDF投资研究
目标价：4.50令吉

最新进展：

大安（TAANN，5012，主板工业产品股）截至9月30日第3季，净赚5206万1000令吉，或相等于每股净利11.71仙，按年下跌22.79%，并宣布派息每股5仙。

上财年同期则净赚6742万4000令吉，或15.16仙。

相反的，当季营业额上升17.05%，从去年同期2亿9891万3000令吉涨至3亿4988万4000令吉。

行家建议：

大安首9个月8730万令吉的核心净利，超越我们的预期，占全年预测的94%，不过，却只符合市场预期，占全年预测的73%。此外，大安也如预期般宣布派息每股5仙。

相信鲜果串良好增长，因为该公司的种植园丘有充足的降雨量、油棕树龄年轻，以及及良好的产业管理。

尽管木材业务的净利疲弱，但预料日本会有更多基建工程，因它是2020年奥运会的主办国，我们预测木材业净利会在明年恢复。

在预测会有更高的鲜果串产量后，我们上调2016和2017财年的净利，幅度分别为24%和11%。

因此，我们也把评级上调至“买入”，目标价调高至4.50令吉。



【e南洋】

哭哭鸟

TAANN - Worry about Ringgit weakening? LOOK AT THIS STOCK TO HEDGE your RM
Author: FayeTan   |   Publish date: Mon, 21 Nov 2016, 05:04 PM
http://klse.i3investor.com/blogs/genzinvestor/109427.jsp

• For 2016, Ringgit weakened in 2nd half of the year (to repeat the same pattern in 2015). The chart below explains everything.
• TAANN made record high earnings in 3Q15 when average USDMYR is 4.0536 and CPO price of RM2058/MT. Ta Ann benefited from strong USD as their “Timber products” segment sold their products in USD. CPO price is straight forward, the higher the better.
  
  
• Now that USDMYR is 4.40 and CPO price at RM2900/MT, 4Q16 earnings will be the NEW RECORD. I believe that by looking at these two variables we can sort of get the earnings outlook for Ta Ann. I am making a brave estimate that Ta Ann should register net profit of RM75m (RECORD HIGH). Why? Simple … because plantation division benefited from high CPO price. “Timber products” division is benefiting from USDMYR.
• Conclusion – TAANN is very attractive as share price has yet to increase significantly. Good company may not necessary means good stock to invest. WHY? Because people may have buy ahead and the valuation already stretched. Ta Ann is now a good stock (my personal belief only; not a recommendation).
• Against 1-Jan-16 share price of RM4.20, it is still in negative return YTD of 13%. Reason is because of weak USD in 1H16 and also low CPO price in 1H16. Things are already improving in 3Q16 with more to come. Some smart money has collected Ta Ann shares at around RM3.50 and as a result the share price didn’t fall below that.
  
  
• Long term value of RM5.00. Key assumptions are USD to stay above 4.00 against Ringgit in the foreseeable future. CPO price to stay above RM2500/MT for the foreseeable future.
• It seems to me that Ta Ann is one of the unpolished gem that has yet to be recognised by the market. There are plenty of opportunities (especially when it is still below 1-Jan-16 level of RM4.25).
  

  

icy97

EX-date	01 Dec 2016
Entitlement date	05 Dec 2016
Entitlement time	05:00 PM
Entitlement subject	Second interim dividend
Entitlement description	Second interim single tier dividend of 5 sen per ordinary share, in respect of the financial year ending 31 December 2016
Period of interest payment	to
Financial Year End	31 Dec 2016
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	SYMPHONY SHARE REGISTRARS SDN BHDLevel 6, Symphony HousePusat Dagangan Dana 1Jalan PJU 1A/4647301Petaling JayaTel:0378490777Fax:0378418151
Payment date	23 Dec 2016
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	05 Dec 2016
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	0.05
Par Value	Malaysian Ringgit (MYR) 1.000

哭哭鸟

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2016	31 Dec 2015	31 Dec 2016	31 Dec 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	309,575	270,337	1,147,072	1,048,285
2	Profit/(loss) before tax	42,951	63,733	176,430	234,160
3	Profit/(loss) for the period	28,394	63,189	131,104	191,495
4	Profit/(loss) attributable to ordinary equity holders of the parent	28,031	60,290	121,649	188,244
5	Basic earnings/(loss) per share (Subunit)	6.30	13.56	27.36	42.34
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	10.00	20.00
		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 ($$)	2.8600		2.6600

icy97

icy97 发表于 26-10-2016 05:24 AM
大安2亿全购Agrogreen Venture

2016年10月25日
（吉隆坡24日讯）大安（TAANN，5012，主板工业产品股）宣布，将以2亿1114万2952令吉，收购Agrogreen Venture私人有限公司全数股权。

该公司向马交所报备，将以 ...

Type	Announcement
Subject	OTHERS
Description	PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN AGROGREEN VENTURES SDN. BHD.
Reference is made to the announcements made to Bursa Malaysia Securities Berhad dated 24 October 2016, 31 October 2016 and 3 November 2016 regarding the Proposed Acquisition of the entire equity interest in Agrogreen Ventures Sdn. Bhd. (“Announcements”) The financial and legal due diligence exercises pertaining to the Proposed Acquisition have been completed. Certain adjustments were made for items arising from the due diligence report for unrecorded liabilities. With the agreement of the Vendors, the final purchase price has been revised to RM209,556,983.00. This represents an adjustment of RM1,585,969.00 from the original purchase price of RM211,142,952.00 as announced on 24 October 2016. The final settlement was made on 10 March 2017. This announcement is dated 10 March 2017.

icy97

大安
种植业务续增

2017年3月23日

分析：大马投行
目标价：3.60令吉

最新进展

原棕油和棕仁业务推动，大安（TAANN，5012，主板工业产品股）看好今明财年净利可增长5%和10%。

目前，原棕油和棕仁销量，分别为18万6000公吨和3万8000公吨；平均售价则分别为每公吨2397令吉，及2445令吉。

行家建议

目前，大安榨油率维持在19.3%，种植业务净赚7400万令吉，占整体60%，预计今明财年，会再增加5%和10%。

其中，原棕油销量估计今明财年会上扬5%和8%，平均售价走高2%和4%；而棕仁料增加5%和10%，平均售价走高5%和10%。

木材业务整体，接下来仍低迷。目前伐木量达13万立方米，大安准证和认证流程合并后，预计会下跌。

我们预测，今明财年伐木量，分别减少5%和10%，平均售价则各减5%。

我们喜欢大安的原因包括，种植业务持续增长，通过收购Agrogreen Ventures和联营活动，扩展种植业务。

但因木材业务低迷，建议只是守住，目标价3.60令吉。



【e南洋】