15 May 2008
briefly news
TH Plantation is eyeing land in four states to achieveits landbank target of 32,000ha by 2009.The company currently has 28,730ha ofplantation land and plans to acquire newland from Tabung Haji or landowners inPen.& E.Msia. Valuation appearsundemanding at 8x FY08 PE vs.18x forbig-cap planters and offers 6% dvd. yield.
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