Ta Ann shares advance 10% on rising CPO price

Ta Ann Holdings Bhd managing director Wong Kuo Hea at the analyst briefing in Kuala Lumpur on 19-Jan-06

PETALING JAYA: The share price of Sibu-based timber and plantation group Ta Ann Holdings Bhd has rallied over 10% in the past two months, thanks to the good run-up in crude palm oil (CPO) prices.

Of late, Ta Ann has been on the radar of plantation analysts, given its solid balance sheet and decent dividend yields, apart from the uptrend in CPO prices, which are trading between RM2,800 and RM3,100 per tonne as well as the strong US dollar against the ringgit.