Mixed fortunes for Jaya Tiasa, says Affin Research

Last year, Sarawak

KUALA LUMPUR : Jaya Tiasa Holdings Bhd is benefiting from higher-than-expected plywood prices but log prices remain under pressure, says Affin Hwang Capital Research.

The research house said on Thursday since late last year, the escalating tropical log costs and depreciation of the rupiah against the US dollar has pushed India, a major buyer, to source for lower priced logs elsewhere.