Announcement • Apr 23
Ta Ann Holdings Berhad, Annual General Meeting, May 22, 2026 Ta Ann Holdings Berhad, Annual General Meeting, May 22, 2026, at 11:30 Singapore Standard Time. Location: the space, icube innovation, b423-b433, tower b2, level 4, icom square, jalan pending, 93450 kuching, sarawak, Malaysia Upcoming Dividend • Mar 17
Upcoming dividend of RM0.10 per share Eligible shareholders must have bought the stock before 24 March 2026. Payment date: 10 April 2026. Payout ratio is on the higher end at 80%, however this is supported by cash flows. Trailing yield: 7.7%. Within top quartile of Malaysian dividend payers (5.6%). Higher than average of industry peers (3.1%). Reported Earnings • Feb 28
Full year 2025 earnings released: EPS: RM0.50 (vs RM0.41 in FY 2024) Full year 2025 results: EPS: RM0.50 (up from RM0.41 in FY 2024). Revenue: RM1.93b (up 17% from FY 2024). Net income: RM218.9m (up 21% from FY 2024). Profit margin: 11% (in line with FY 2024). Revenue is forecast to stay flat during the next 3 years compared to a 3.1% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. New Risk • Feb 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Nov 28
Ta Ann Holdings Berhad Declares Third Interim Dividend, Payable on December 31, 2025 Ta Ann Holdings Berhad declared Third Interim single tier dividend of 10 sen per ordinary share, payable on December 31, 2025. Ex-Date is December 9, 2025. Entitlement date is December 10, 2025. Declared Dividend • Nov 27
Dividend of RM0.10 announced Shareholders will receive a dividend of RM0.10. Ex-date: 9th December 2025 Payment date: 31st December 2025 Dividend yield will be 6.9%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (83% earnings payout ratio) and cash flows (71% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 6.7% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 26
Third quarter 2025 earnings released: EPS: RM0.17 (vs RM0.17 in 3Q 2024) Third quarter 2025 results: EPS: RM0.17 (up from RM0.17 in 3Q 2024). Revenue: RM502.2m (up 7.4% from 3Q 2024). Net income: RM74.9m (flat on 3Q 2024). Profit margin: 15% (down from 16% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 2.9% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 03
Upcoming dividend of RM0.10 per share Eligible shareholders must have bought the stock before 10 September 2025. Payment date: 30 September 2025. Payout ratio is on the higher end at 95%, however this is supported by cash flows. Trailing yield: 7.2%. Within top quartile of Malaysian dividend payers (5.6%). Higher than average of industry peers (3.2%). Reported Earnings • Aug 27
Second quarter 2025 earnings released: EPS: RM0.12 (vs RM0.11 in 2Q 2024) Second quarter 2025 results: EPS: RM0.12 (up from RM0.11 in 2Q 2024). Revenue: RM432.6m (up 18% from 2Q 2024). Net income: RM54.3m (up 11% from 2Q 2024). Profit margin: 13% (in line with 2Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 2.2% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Aug 26
Ta Ann Holdings Berhad Announces Second Interim Single Tier Dividend for Financial Year Ending 31 December 2025, Payable on 30 September 2025 Ta Ann Holdings Berhad announced Second interim single tier dividend of 10 sen per ordinary share for the financial year ending 31 December 2025. Ex-Date is 10 September 2025. Entitlement date is 11 September 2025. Payment Date is 30 September 2025. Declared Dividend • May 24
Dividend of RM0.10 announced Shareholders will receive a dividend of RM0.10. Ex-date: 9th June 2025 Payment date: 30th June 2025 Dividend yield will be 7.5%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (86% earnings payout ratio) and cash flows (82% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 5.4% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 24
Ta Ann Holdings Berhad Announces First Interim Single Tier Dividend, Payable on 30 June 2025 Ta Ann Holdings Berhad announced First interim single tier dividend of 10 sen per ordinary share. The above Company's securities will be traded and quoted "Ex - Dividend” as from: 09 June 2025. The last date of lodgment: 10 June 2025. Date Payable: 30 June 2025. Announcement • May 22
Ta Ann Holdings Berhad Reports Property, Plant and Equipment Written Off from 1 January 2025 to 31 March 2025 Ta Ann Holdings Berhad reported Property, Plant and Equipment written off of MYR 122,000 from 1 January 2025 to 31 March 2025. Reported Earnings • Apr 27
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: RM0.41 (up from RM0.36 in FY 2023). Revenue: RM1.65b (down 1.8% from FY 2023). Net income: RM180.6m (up 15% from FY 2023). Profit margin: 11% (up from 9.4% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) also missed analyst estimates by 5.6%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Announcement • Apr 24
Ta Ann Holdings Berhad, Annual General Meeting, May 23, 2025 Ta Ann Holdings Berhad, Annual General Meeting, May 23, 2025, at 11:30 Singapore Standard Time. Location: the space, icube innovation, b423-b433, tower b2, level 4, icom square, jalan pending, 93450 sarawak, kuching Malaysia Major Estimate Revision • Mar 04
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from RM1.76b to RM1.71b. EPS estimate also fell from RM0.466 per share to RM0.418 per share. Net income forecast to shrink 0.5% next year vs 7.3% growth forecast for Food industry in Malaysia . Consensus price target broadly unchanged at RM4.63. Share price fell 4.6% to RM3.71 over the past week. Reported Earnings • Feb 26
Full year 2024 earnings released: EPS: RM0.42 (vs RM0.36 in FY 2023) Full year 2024 results: EPS: RM0.42 (up from RM0.36 in FY 2023). Revenue: RM1.65b (down 1.8% from FY 2023). Net income: RM183.6m (up 17% from FY 2023). Profit margin: 11% (up from 9.4% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Nov 29
Upcoming dividend of RM0.20 per share Eligible shareholders must have bought the stock before 06 December 2024. Payment date: 27 December 2024. Payout ratio and cash payout ratio are on the higher end at 88% and 83% respectively. Trailing yield: 8.9%. Within top quartile of Malaysian dividend payers (4.9%). Higher than average of industry peers (2.7%). Announcement • Nov 27
Ta Ann Holdings Berhad Declares Second Interim Single Tier Dividend for the Financial Year Ending 31 December 2024, Payable on 27 December 2024 Ta Ann Holdings Berhad announced that the Board of Directors has on 25 November 2024 declared a second interim single tier dividend of 20 sen per ordinary shares in respect of the financial year ending 31 December 2024, payable on 27 December 2024 to depositors whose names appear in the Record of Depositors on 9 December 2024. Reported Earnings • Nov 26
Third quarter 2024 earnings released: EPS: RM0.17 (vs RM0.15 in 3Q 2023) Third quarter 2024 results: EPS: RM0.17 (up from RM0.15 in 3Q 2023). Revenue: RM467.6m (down 4.4% from 3Q 2023). Net income: RM74.3m (up 14% from 3Q 2023). Profit margin: 16% (up from 13% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: RM0.11 (vs RM0.098 in 2Q 2023) Second quarter 2024 results: EPS: RM0.11 (up from RM0.098 in 2Q 2023). Revenue: RM366.7m (down 4.8% from 2Q 2023). Net income: RM48.7m (up 13% from 2Q 2023). Profit margin: 13% (up from 11% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 3.4% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Declared Dividend • May 29
Dividend of RM0.15 announced Shareholders will receive a dividend of RM0.15. Ex-date: 11th June 2024 Payment date: 2nd July 2024 Dividend yield will be 7.6%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (68% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 28
First quarter 2024 earnings released: EPS: RM0.098 (vs RM0.089 in 1Q 2023) First quarter 2024 results: EPS: RM0.098 (up from RM0.089 in 1Q 2023). Revenue: RM352.4m (flat on 1Q 2023). Net income: RM43.2m (up 10% from 1Q 2023). Profit margin: 12% (up from 11% in 1Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 4.5% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Apr 28
Ta Ann Holdings Berhad, Annual General Meeting, May 27, 2024 Ta Ann Holdings Berhad, Annual General Meeting, May 27, 2024, at 11:00 Singapore Standard Time. Location: Igan Room, Level 1, Tanahmas Hotel, Lot 277, Block 5, Jalan Kampong Nyabor, 96000 Sibu, Sarawak Sarawak Malaysia Agenda: To receive the Audited Financial Statements for the year ended 31 December 2023 together with the Directors' and Auditors' Reports thereon; To approve the payment of Directors' fees of RM911,000 for the year ended 31 December 2023; To approve the payment of Directors' benefits of an amount not exceeding RM300,000 for the period from the 27th AGM until the conclusion of the next annual general meeting ("AGM") of the Company; To re-elect the Directors who retire in accordance with Article 122 of the Constitution of the Company and, being eligible, have offered themselves for re-election; and to discuss other matters. Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: RM0.35 (vs RM0.73 in FY 2022) Full year 2023 results: EPS: RM0.35 (down from RM0.73 in FY 2022). Revenue: RM1.68b (down 23% from FY 2022). Net income: RM156.4m (down 51% from FY 2022). Profit margin: 9.3% (down from 15% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 4.3% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 26
Upcoming dividend of RM0.15 per share at 8.3% yield Eligible shareholders must have bought the stock before 02 January 2024. Payment date: 22 January 2024. Payout ratio and cash payout ratio are on the higher end at 91% and 97% respectively. Trailing yield: 8.3%. Within top quartile of Malaysian dividend payers (5.0%). Higher than average of industry peers (3.2%). Price Target Changed • Dec 07
Price target increased by 8.3% to RM4.02 Up from RM3.71, the current price target is an average from 7 analysts. New target price is 14% above last closing price of RM3.53. Stock is down 12% over the past year. The company is forecast to post earnings per share of RM0.41 for next year compared to RM0.73 last year. Announcement • Nov 29
Ta Ann Holdings Berhad Announces Second Interim Single Tier Dividend for the Financial Year Ending 31 December 2023, Payable on 22 January 2024 The Board of Directors of Ta Ann Holdings Berhad has declared second interim single-tier ordinary dividend for the financial year ending 31 December 2023 of 15 sen per ordinary share (corresponding period in Year 2022: 10 sen) to be paid on 22 January 2024 to depositors whose names appear in the Record of Depositors on 3 January 2024. Reported Earnings • Nov 29
Third quarter 2023 earnings released: EPS: RM0.15 (vs RM0.23 in 3Q 2022) Third quarter 2023 results: EPS: RM0.15 (down from RM0.23 in 3Q 2022). Revenue: RM489.2m (down 18% from 3Q 2022). Net income: RM65.1m (down 36% from 3Q 2022). Profit margin: 13% (down from 17% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 2.1% p.a. on average during the next 3 years, while revenues in the Food industry in Malaysia are expected to grow by 2.6%. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: RM0.098 (vs RM0.21 in 2Q 2022) Second quarter 2023 results: EPS: RM0.098 (down from RM0.21 in 2Q 2022). Revenue: RM385.2m (down 41% from 2Q 2022). Net income: RM43.0m (down 53% from 2Q 2022). Profit margin: 11% (down from 14% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 4.1% p.a. on average during the next 3 years, while revenues in the Food industry in Malaysia are expected to grow by 1.4%. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jun 13
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be RM4.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 58%. Revenue is forecast to decline by 21% in 2 years. Earnings is forecast to decline by 36% in the next 2 years. Upcoming Dividend • Jun 02
Upcoming dividend of RM0.10 per share at 12% yield Eligible shareholders must have bought the stock before 09 June 2023. Payment date: 07 July 2023. Payout ratio is on the higher end at 78%, however this is supported by cash flows. Trailing yield: 12%. Within top quartile of Malaysian dividend payers (5.3%). Higher than average of industry peers (3.9%). Reported Earnings • May 03
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: RM0.73 (up from RM0.72 in FY 2021). Revenue: RM2.19b (up 16% from FY 2021). Net income: RM320.5m (flat on FY 2021). Profit margin: 15% (down from 17% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) missed analyst estimates by 7.5%. Revenue is forecast to decline by 12% p.a. on average during the next 3 years, while revenues in the Food industry in Malaysia are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Price Target Changed • Feb 27
Price target decreased by 13% to RM3.86 Down from RM4.45, the current price target is an average from 7 analysts. New target price is 13% above last closing price of RM3.42. Stock is down 38% over the past year. The company is forecast to post earnings per share of RM0.42 for next year compared to RM0.71 last year. Reported Earnings • Feb 25
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: RM0.71 (down from RM0.72 in FY 2021). Revenue: RM2.19b (up 16% from FY 2021). Net income: RM314.9m (flat on FY 2021). Profit margin: 14% (down from 17% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) missed analyst estimates by 7.5%. Revenue is forecast to decline by 18% p.a. on average during the next 2 years, while revenues in the Food industry in Malaysia are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 23
Upcoming dividend of RM0.10 per share Eligible shareholders must have bought the stock before 30 December 2022. Payment date: 20 January 2023. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 7.7%. Within top quartile of Malaysian dividend payers (5.0%). Higher than average of industry peers (5.7%). Reported Earnings • Dec 03
Third quarter 2022 earnings released: EPS: RM0.23 (vs RM0.23 in 3Q 2021) Third quarter 2022 results: EPS: RM0.23 (down from RM0.23 in 3Q 2021). Revenue: RM594.9m (up 22% from 3Q 2021). Net income: RM101.5m (down 1.7% from 3Q 2021). Profit margin: 17% (down from 21% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 15% p.a. on average during the next 3 years compared to a 8.9% decline forecast for the Forestry industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Price Target Changed • Nov 16
Price target decreased to RM4.45 Down from RM4.95, the current price target is an average from 7 analysts. New target price is 18% above last closing price of RM3.78. Stock is up 22% over the past year. The company is forecast to post earnings per share of RM0.73 for next year compared to RM0.72 last year. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to RM3.04, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Forestry industry in Malaysia. Total returns to shareholders of 75% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RM5.20 per share. Buying Opportunity • Sep 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be RM4.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 77%. Revenue is forecast to decline by 26% in 2 years. Earnings is forecast to decline by 52% in the next 2 years. Upcoming Dividend • Sep 06
Upcoming dividend of RM0.15 per share Eligible shareholders must have bought the stock before 13 September 2022. Payment date: 05 October 2022. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 7.3%. Within top quartile of Malaysian dividend payers (5.0%). Higher than average of industry peers (5.5%). Announcement • Aug 30
Ta Ann Holdings Berhad Declares Third Interim Dividend for the Financial Year Ending 31 December 2022, Payable on 05 Oct. 2022 Ta Ann Holdings Berhad announced that declared a third interim single tier dividend of 15 sen per ordinary share, in respect of the financial year ending 31 December 2022, payable on 05 Oct. 2022, Ex-Date 13 Sep. 2022 and Entitlement date 14 Sep. 2022. Reported Earnings • Aug 30
Second quarter 2022 earnings released: EPS: RM0.21 (vs RM0.17 in 2Q 2021) Second quarter 2022 results: EPS: RM0.21 (up from RM0.17 in 2Q 2021). Revenue: RM654.2m (up 44% from 2Q 2021). Net income: RM92.0m (up 24% from 2Q 2021). Profit margin: 14% (down from 16% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 13% compared to a 4.2% growth forecast for the Forestry industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Price Target Changed • Aug 30
Price target decreased to RM4.45 Down from RM4.95, the current price target is an average from 7 analysts. New target price is 12% above last closing price of RM3.99. Stock is up 45% over the past year. The company is forecast to post earnings per share of RM0.73 for next year compared to RM0.72 last year. Price Target Changed • Aug 11
Price target decreased to RM4.95 Down from RM5.59, the current price target is an average from 7 analysts. New target price is 25% above last closing price of RM3.95. Stock is up 52% over the past year. The company is forecast to post earnings per share of RM0.77 for next year compared to RM0.72 last year. Buying Opportunity • Jul 06
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 33%. The fair value is estimated to be RM4.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 68%. Revenue is forecast to decline by 14% in 2 years. Earnings is forecast to decline by 39% in the next 2 years. Price Target Changed • Jun 21
Price target decreased to RM5.59 Down from RM6.01, the current price target is an average from 7 analysts. New target price is 30% above last closing price of RM4.30. Stock is up 61% over the past year. The company is forecast to post earnings per share of RM0.77 for next year compared to RM0.72 last year. Buying Opportunity • Jun 20
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be RM5.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 68%. Revenue is forecast to decline by 14% in 2 years. Earnings is forecast to decline by 39% in the next 2 years. Announcement • Jun 02
Ta Ann Holdings Berhad Announces Cessation of Chia Chu Fatt as Independent and Non Executive Member of Risk Committee Ta Ann Holdings Berhad announced cessation of CHIA CHU FATT as Independent and Non Executive Member of Risk Committee. Date of Change is May 27, 2022. Age is 67 years. Composition of Risk Committee: (1) Datuk Amar Abdul Hamed Bin Haji Sepawi - Chairman, Executive Chairman,(2) Dato Wong Kuo Hea - Member, Group Managing Director and Chief Executive Officer and (3) Datuk Abang Haji Abdul Karim bin Tun Abang Haji Openg - Member, Senior Independent Non-Executive Director. Major Estimate Revision • May 30
Consensus EPS estimates increase by 13% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from RM1.97b to RM2.08b. EPS estimate increased from RM0.68 to RM0.77 per share. Net income forecast to shrink 17% next year vs 3.9% growth forecast for Forestry industry in Malaysia . Consensus price target down from RM6.01 to RM5.72. Share price fell 8.9% to RM5.10 over the past week. Upcoming Dividend • May 27
Upcoming dividend of RM0.10 per share Eligible shareholders must have bought the stock before 03 June 2022. Payment date: 24 June 2022. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of Malaysian dividend payers (4.7%). Higher than average of industry peers (4.0%). Reported Earnings • May 04
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: RM0.72 (up from RM0.11 in FY 2020). Revenue: RM1.89b (up 56% from FY 2020). Net income: RM317.6m (up RM270.4m from FY 2020). Profit margin: 17% (up from 3.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates by 35%. Over the next year, revenue is forecast to grow 5.7%, compared to a 13% growth forecast for the industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Announcement • May 02
Ta Ann Holdings Berhad, Annual General Meeting, May 27, 2022 Ta Ann Holdings Berhad, Annual General Meeting, May 27, 2022, at 14:30 Singapore Standard Time. Location: The space, icube innovation B423-B433,Tower B2 level 4, ICOM square,jalan pending,93450,kuching,sarwak Sarawak Malaysia Agenda: To consider details of the proposed share buy-back; to consider and discus funding for the proposed share buy-back; to consider rationale and potential advantages; and to consider the proposed renewal of shareholder mandate for recurrent related party transactions of a revenue or trading nature; and to discuss other matters. Upcoming Dividend • Mar 08
Upcoming dividend of RM0.05 per share Eligible shareholders must have bought the stock before 15 March 2022. Payment date: 05 April 2022. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 5.9%. Within top quartile of Malaysian dividend payers (4.7%). Higher than average of industry peers (5.3%). Reported Earnings • Mar 02
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: RM0.71 (up from RM0.11 in FY 2020). Revenue: RM1.89b (up 56% from FY 2020). Net income: RM314.4m (up RM267.2m from FY 2020). Profit margin: 17% (up from 3.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is expected to shrink by 7.6% compared to a 12% growth forecast for the industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Announcement • Mar 01
Ta Ann Holdings Berhad Announces First Interim Dividend, Payable on April 5, 2022 Ta Ann Holdings Berhad announced that the Board of Directors has on 28 February 2022 declared a first interim single tier dividend of 5 sen per ordinary share, in respect of the financial year ending 31 December 2022, payable on 5 April 2022 to depositors whose names appear in the Record of Depositors on 16 March 2022. Price Target Changed • Mar 01
Price target increased to RM4.07 Up from RM3.80, the current price target is an average from 7 analysts. New target price is 19% below last closing price of RM5.05. Stock is up 74% over the past year. The company is forecast to post earnings per share of RM0.53 for next year compared to RM0.11 last year.