TA Ann to ride on elevated price of CPO

The group’s timber division also seems to be on a recovery path and earnings will likely no longer be a drag on its profitability going forward, said RHB Investment Bank Research. (File pic shows Ta Ann's plywood ops)

PETALING JAYA: Plantation and timber-based Ta Ann Holdings Bhd is expected to fully benefit from the elevated price of crude palm oil (CPO), as the bulk of its sales are on the spot pricing basis for this year.

The group’s timber division also seems to be on a recovery path and earnings will likely no longer be a drag on its profitability going forward, said RHB Investment Bank Research.