♦ In line. 1Q FY04/11 net profit of RM22.5m came in at 31% and 40% of our
and consensus forecast respectively. We view this to be in line with our
forecast as we expect Jaya Tiasa to record lower net profit in the next few
quarters due to the strengthening of RM against US$. We note that the
sales of its timber products are mainly exported and transacted in US$.
Jaya Tiasa Berhad : Higher Selling Prices Boost Performance - 29/09/2010
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