Stock Name: TAANN
Company Name: TA ANN HOLDINGS BHD
Research House: CREDIT SUISSE
Company Name: TA ANN HOLDINGS BHD
Research House: CREDIT SUISSE
Ta Ann Holdings Bhd, a Malaysian timber company, rose to a 32-month high in Kuala Lumpur trading after the stock was upgraded to “outperform” at Credit Suisse Group AG with a RM6.50 share forecast.
The Sarawak-based company climbed 2.9 per cent to RM5.64 at 10:42 a.m. local time, set for its highest close since July 9, 2008. Ta Ann has gained 19.5 per cent since Japan’s earthquake and tsunami on March 11, after brokerages including AmResearch Sdn Bhd said it’s likely to benefit from increased plywood orders as the country rebuilds. -- Bloomberg
The Sarawak-based company climbed 2.9 per cent to RM5.64 at 10:42 a.m. local time, set for its highest close since July 9, 2008. Ta Ann has gained 19.5 per cent since Japan’s earthquake and tsunami on March 11, after brokerages including AmResearch Sdn Bhd said it’s likely to benefit from increased plywood orders as the country rebuilds. -- Bloomberg
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