KUALA LUMPUR: Affin Hwang Research is maintaining its but on Ta Ann Holdings with a target price of RM4.63, which is an upside of 21.5%.
The research house said on Thursday that as at RM4.63, this is based on an implied 14 times CY15E, driven by strong EPS growth of 31% to 35% in 2014E-15E on the back of firm timber product average selling prices (ASP).
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