I bought TAANN in mid-2019 when it was trading around RM 2.25 per share and then sold it off in early 2020 when it went up to around RM 3.40 per share. I went in on the basis of its fundamental and sold when I thought the market had overpriced it.

The ROE over the past few years have been improving. While the share price did have an initial spike, it is currently around the 2020 peak share price level. There seems to be a mismatch between performance and share price https://i.postimg.cc/c1M3chpT/Taann.png

When you look at the long-term performance of TAANN as represented by the ROE, you can see that it did better than KLK – one of the reference Bursa plantation companies. This quick and dirty comparison points to TAANN being fundamentally sound.

Is the mismatch between the ROE and market price meant that there another round to make money from a fundamental investing perspective?
https://www.i4value.asia/2021/08/how-malaysian-plantation-sector.html#more

Over the years I have invested in companies involved with plywood. I then figured out that those who will survive are those with access to timber. Those companies who rely on buying timber from third party suppliers will have a tough time. Just look at what happened to Cymao (now Annum) and Eksons. Refer to https://www.i4value.asia/2023/10/eksons-is-now-value-trap-oct-2023.html#more

Ta Ann is lucky to have timber operations.