Ta Ann $TAANN / 5012 (TA ANN HOLDINGS BERHAD)
Research by Maybank IB
BUY : Target Price: RM 3.96

"ESG: Embracing sustainable oil palm and forestry practices"

A Sarawak group with Sarawak community in mind
We assess TAH’s overall ESG risk factors to be medium-to-high. Its ESG
rating should improve with greater sustainability disclosures and
commitments. Overall, its single geographical exposure to just Sarawak
limits its ESG risks. TAH is a BUY given its attractive dividend yields. Our
TP is unchanged at MYR3.96 on 13x FY22 PER, at -0.5SD of 5Y mean.


Ong Chee Ting, CA
E ct.ong@maybank-ib.com
T (603) 2297 8678