TA Corp

TA Corp: On top of its current business-to-business sector distributorship agreement with Shell Petroleum to sell its lubricant products, 51%-owned subsidiary Que Holdings was awarded an extension to the agreement to include the business-to-consumer (retail) sector in Myanmar with effect from 2 Oct 2013. Que Holdings has since established the sales, marketing and distribution network in Myanmar to serve various key industries which include construction, mining and power generation, since the distributorship was awarded on 28 Mar 2013. Compared to its M-chip peers, share price and liquidity had been tepid for TA Corp since the start of the year, after its astounding 88.1% surge in 2012. In terms of technicals, counter has broken its mid-term downtrend recently with a support of $0.365 followed by $0.35.