<div class=newsTextDataWrapInner>KUALA LUMPUR (July 26): AffinHwang Capital Research has maintained its “Hold” rating on Jaya Tiasa Holdings Bhd at RM1.10 with a lower target price of RM11.16 (from RM1.20) and said it expects Jaya Tiasa’s 4QFY16 results to be weaker year-on-year given the slowdown in log production but partially offset by higher fresh fruit bunch (FFB) and crude palm oil (CPO) production.</div>

<div class=newsTextDataWrapInner>In a note today, the research house said after taking into account the actual FY16 data, lower log production estimates as well as higher CPO production forecast for FY17-18E, it lowered house FY16-18E core EPS by 1-8%.</div>

<div class=newsTextDataWrapInner>“Thus, we fine-tune our SOTP-based target price to RM1.16. Maintain Hold,” it said.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

KUALA LUMPUR (July 26): AffinHwang Capital Research has maintained its “Hold” rating on Jaya Tiasa Holdings Bhd at RM1.10 with a lower target price of RM11.16 (from RM1.20) and said it expects Jaya Tiasa’s 4QFY16 results to be weaker year-on-year given the slowdown in log production but partially...

Jaya Tiasa’s 4QFY16 results to be weaker y-o-y, says AffinHwang Capital 

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