Stockwatch

Jaya Tiasa 

CAUTIOUS outlook for timber exports next year pushed JayaTiasa's share price to a year-low of RM3.10 on Dec 14, but the stock recovered to end last week at RM3.34, boosted by a solid second quarter results. Jaya Tiasa made a net profit of RM39.5mil for the six months ended Oct 31, a three-fold increase from a net profit of RM9mil recorded during the same period previously. OSK Research has made a “buy” call on this stock with a fair value target of RM3.76 following recent price slide. It said Jaya Tiasa's annualised earnings were within its expectation, although it was 17% higher than consensus estimates.