KUALA LUMPUR: RHB Research has maintained its Buy call on Jaya Tiasa with a fair value of RM2.95 and believes the company’s plantation division could continue to be its main growth driver in the medium term, as higher CPO prices and strong FFB production growth may boost earnings contributions from this division to close to 50% in FY16.
In a note on Thursday, RHB said log prices are on the way up, having risen 18.7% on-year in 9MFY14.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
