Shariah Compliant

Small Cap Asean Research

Malaysia Company Update

9 July 2025

Ta Ann (TAH MK)

Timber Yet To Make a Turnaround

Forecasts and Valuation

Source: Company data, RHB

Overall ESG Score: 2.1 (out of 4)

E Score: 2.0 (MODERATE)

S Score: 2.0 (MODERATE)

G Score: 2.3 (GOOD)

Please refer to the ESG analysis on the next page

Note:

Small cap stocks are defined as companies with a market capitalisation of less than USD0.5bn.

ESG Rating History Chart

Chart data showing ESG rating from Jul-23 to Jul-25, with ratings starting at 1.8 and increasing to 2.1.

Source: RHB

RHB Guide to Investment Ratings

Buy: Share price may exceed 10% over the next 12 months

Trading Buy: Share price may exceed 15% over the next 3 months, however longer-term outlook remains uncertain

Neutral: Share price may fall within the range of +/- 10% over the next 12 months

Take Profit: Target price has been attained. Look to accumulate at lower levels

Sell: Share price may fall by more than 10% over the next 12 months

Not Rated: Stock is not within regular research coverage

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Analyst Certification

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