Ta Ann:  Eyeing Record FFB Production

Public Investment Bank says during an analyst briefing, management of Ta Ann has set its sights on annual average FFB production growth of 7.5% over the next 5 years.

This is mainly driven by the expansion of mature areas and improved FFB yields. It aims to reach an FFB yield of 22.11 mt/ha by 2030, a significant increase from 2025’s 16.95%.

Ta Ann

“In our view, the stock is currently trading at an unjustifiable valuation of below 10x forward P/E multiple, given the stronger CPO price movements and attractive dividend yield of 8%, one of the highest amongst the Malaysian stocks.

“In view of stronger-than-expected FFB growth guidance and an upward earnings revision for 29.4%-owned Sarawak Plantation, we raise our FY26-28F earnings forecast by 11-21%. Consequently, we upped our TP from RM5.64 to RM6.42. Maintain Outperform call.”

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