kakashit

WTk, sure good, needless to say, one of my biggest investment

2016-04-24 20:04

paperplane2016

Wtk much better!

2016-04-24 20:37

Invest1188

why wtk better? can the profit be high and consistent like flb

2016-04-24 21:06

GGmalaysia

FLBHD give high return and dividend. how can WTK match that?

2016-04-24 21:15

calvintaneng

Posted by Invest1188 > Apr 24, 2016 09:06 PM | Report Abuse

why wtk better? can the profit be high and consistent like flb


GGmalaysia
314 posts
Posted by GGmalaysia > Apr 24, 2016 09:15 PM | Report Abuse

FLBHD give high return and dividend. how can WTK match that?

Calvin got 2 questions for you guys

1) Focus Lumber is selling plywood to the USA. Now US dollar has weakened. Plus do you think selling plywood got good margin? Think of other plywood players? If true, they too should be making good monies selling plywood? KPSCB distributes plywood with thin margins.

And cymao also manufactures plywood, veneer & similar products. Why Cymao did so badly while Focus Lumber has spectacular results?

2) Another thing is this. WHY THESE TAIWANESE INSIDERS THEMSELVES ARE SELLING AND SELLING FOCUS LUMBER LIKE NO TOMORROW?

The past Episode of Kenmark selling furniture has been totally forgotten? The Taiwanese Boss just disappeared without a trace. After quietly sold all his shares by proxy.

Do you smell a rat somewhere?

2016-04-24 21:24

VenFx

FL on plymill, Wtk is palm planter & timber exporter.
No conflict.
Personally , I like Fl for its div. Policy.

2016-04-24 21:25

popo92

i3 forum should stop people to share such incompetence blogs

2016-04-24 21:27

VenFx

Assets wise , WTK are much better .

2016-04-24 21:28

shareinvestor88

Magnitech - same thing , selling of its shares by major shareholder. Despite this the share price kept on going up

2016-04-24 21:41

shareinvestor88

Both FL n WTK have good potential Lets see which one moves up...

2016-04-24 21:43

soojinhou

Poor research. FLBHD's plywood is used specifically for RV (Recreational Vehicle). It is a niche product, not a generic product. That's why margin is high and cash flow is strong.

2016-04-24 21:52

calvintaneng

soojinhou Poor research. FLBHD's plywood is used specifically for RV (Recreational Vehicle). It is a niche product, not a generic product. That's why margin is high and cash flow is strong.
24/04/2016 21:52

Yes ah,

If this IS TRUE THEN WHY OWNERS ARE CASHING OUT NOW?

It is okay to sell some for needed cash.

But when all the Pilots are parachuting off together is another matter

See


LIST OF THIRTY LARGEST SHAREHOLDERS AS AT 30 MARCH 2015
No. Name of shareholders No. of shares held %
1 RHB CAPITAL NOMINEES (ASING) SDN BHD
LU KUAN-CHENG
9,203,000 8.92
2 LU CHIN TING 7,576,258 7.34
3 LIN FONG MING 6,313,550 6.12
4 PUBLIC NOMINEES (ASING) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR LIN HAO WEN (E-KKU/KNG)
6,313,550 6.12
5 PUBLIC NOMINEES (ASING) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR LIN HAO YU (E-KKU/KNG)
6,293,550 6.10
6 KUO CHANG-FANG 3,927,800 3.81
7 HUANG CHIA-HSING 3,766,900 3.65
8 PUBLIC NOMINEES (ASING) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR LIN LIEH MING (E-KKU/KNG)
3,196,840 3.10
9 PUBLIC NOMINEES (ASING) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR YANG CHIEN CHIH (E-KKU/KNG)
3,156,776 3.06
10 PUBLIC NOMINEES (ASING) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR YANG HSI HSIEN (E-KKU/KNG)
3,156,776 3.06

2016-04-24 21:57

calvintaneng

Looks like they are running away just like Kenmark Boss

Change in Shareholding (Director)
1
Date Name Remark
22/02/2016 MR LIN FONG MING Disposal of shares through open market
10/12/2015 MR LIN HAO WEN Ceased to have interest through shares held by his father, Lin Fong Ming and his brother, Lin Hao Yu pursuant to Section 6A(6)(d) of the Companies Act, 1965
10/12/2015 MR YANG SEN Ceased to have interest through shares held by his father, Yang Chien Chih and his siblings, Yang Wei Szu and Yang Hsi Hsien pursuant to Section 6A(6)(d) of the Companies Act, 1965.
10/12/2015 MR LIN FONG MING Ceased to have interest through shares held by his son, Lin Hao Wen pursuant to Section 6A(6)(d) of the Companies Act, 1965.
16/10/2015 MR LIN HAO WEN Disposal of shares through open market
08/10/2015 MR LIN HAO WEN Disposal of shares through open market
06/10/2015 MR LIN HAO WEN Disposal of shares through open market
05/10/2015 MR LIN HAO WEN Disposal of shares through open market
02/10/2015 MR LIN HAO WEN Disposal of shares through open market
01/10/2015 MR LIN HAO WEN Disposal of shares through open market
29/09/2015 MR LIN HAO WEN Disposal of shares through open market
29/09/2015 MR LIN HAO WEN Disposal of shares through open market
23/09/2015 MR LIN HAO WEN Disposal of shares through open market
21/09/2015 MR LIN HAO WEN Disposal of shares through open market
14/09/2015 MR LIN HAO WEN Disposal of shares through open market
11/09/2015 MR LIN HAO WEN Disposal of shares through open market
10/09/2015 MR LIN HAO WEN Disposal of shares through open market
07/09/2015 MR LIN HAO WEN Disposal of shares through open market
18/08/2015 MR LIN HAO WEN Acquisition of shares through open market
05/08/2015 MR LIN HAO WEN Disposal of shares through open market
29/07/2015 MR LIN HAO WEN Disposal of shares through open market
16/07/2015 MR LIN HAO WEN Acquired of shares through off market dealing (Direct) and disposal of shares through open market (Indirect)
10/07/2015 MR LIN HAO WEN Acquired of shares through off market dealing
03/07/2015 MR LIN HAO WEN Acquired of shares through off market dealing
03/07/2015 MR LU KUAN-CHENG Disposal of Shares through off market dealing
01/07/2015 MR LIN HAO WEN Acquired of shares through off market dealing
22/06/2015 MR YANG SEN Acquired of shares through off market dealing.
08/06/2015 LU KUAN-CHENG Disposal of Shares.
22/04/2015 LIN HAO WEN Disposal of shares.
05/03/2015 Lin Hao Wen Disposal of shares through open market
25/10/2012 Aznam Bin Mansor Disposal of shares through off market dealing
1
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voon1900 maybe drop til stop...wakaka
24/04/2016 18:37
X
calvintaneng Be careful loh!

Insiders of Focus Lumber are Taiwanese.

They have bought Focus Lumber at only Rm1.30 (CHUNKS AND CHUNKS OF THEM!)

And they have been Selling & Selling as if there is no tomorrow!

What is ahead that they SEE?

Why they jump ship?

Hmmm?

Last time Taiwanese shareholders of Kenmark Jumped Ship

Kenmark?

Kena Marked by Con man?

Focus Lumber?

Sounds like

Focus Slumber?

Hmmm?

Slumber means sleepy or people fast asleep - oblivious of all danger.

Aha!

Must focus on all those unwary ikn bilis caught sleeping!

SO WAKE UP!

WAKE UP AND RUN FOR YOUR LIFE!

Or Run With Your Monies Intact!

You have been warned!!
24/04/2016 18:43

buddyinvest Run while you still have got the legs
24/04/2016 18:46

77huat77 WTK by calvintaneng go go go see who won at the end of the show!!!!
24/04/2016 18:59
X
calvintaneng Posted by 77huat77 > Apr 24, 2016 06:59 PM | Report Abuse

WTK by calvintaneng go go go see who won at the end of the show!!!!

No need to wait till the end to SEE.

All who buy WTK already made 50% or more on paper already.

See Wtk NTA is Rm2.89 while price is only Rm1.25 (More than 50% discount to NTA) Plus NTA of WTK Consists of VERY VERY PRIME LANDS IN STRATEGIC LOCATIONS!

So WTK?

WHOA
TELAH
KAYA!
24/04/2016 19:04

77huat77 Kayalah Calvin kaya
24/04/2016 19:16

2016-04-24 22:03

paperplane2016

Walao, danger, danger. Lucky calvin pointed out. I have no more interest in export theme, even my sifu pick pohuat., anyway.
Wtk long timer, they had been in biz so many years, i have more faith., also plus point now all thier plantations in young ages, i feel comfortable to hold it next 10yrs, no worry for me. Collecting at current price compared nta 2.80, i can sleep well lah.

2016-04-24 22:12

paperplane2016

Elnino had dampened their cpo extractions, if you noticed? But hopefullg it can recover soon

2016-04-24 22:13

calvintaneng

Posted by paperplane2016 > Apr 24, 2016 10:13 PM | Report Abuse

Elnino had dampened their cpo extractions, if you noticed? But hopefullg it can recover soon

Yes,

I went through the Properties owned by the WTK Holdings

I SEE there are Valuable Assets all over the place both in West & East Malaysia

Among them are over 2 acres prime lands in Lumut valued at less than Rm10 psf (Old book value)

Also 3 storey shophouses in Sibu Town valued at just over Rm300K.

If the Assets are all revalued & brought up to date then the NTA Should at least double to cross Rm5.50.

To me WTK (WHY TELAH KAYA) Instrinsic is worth at least over Rm2.00

2016-04-24 22:23

oregami

This time give u a like.

2016-04-24 22:46

RosmahMansur

Thanks Calvin for highlighting this abt FLBhd. If you are so concerned abt why the Taiwanese are selling their shares, I hope to meet u at the AGM next month.

2016-04-24 22:55

calvintaneng

The majority of Focus Lumber export is to the US.

Its past quarters result surged due to Ringgit crash against US Dollar

Like all furniture export stocks 3 things can happen

1) Rise of Ringgit against USD can reverse growth profit.

2) More expensive plywood from Malaysia means less sales due to competition from plywood elsewhere like Thailand, Indonesia, Taiwan, Vietnam, Brazil & others.

3) At its worst there might even be bad debt.

So the Crash of Ringgit accelerate profits for FLB

Now the Rise of Ringgit can also exacerbate its losses.

Are these reasons why Insiders are getting out?

Now the Good News for WTK

Its Logs Exports. According SPG By Dynaquest the Logs export of WTK Mainly go to Japan. Now with 2 major recent earthquakes Japan will need a lot of logs from WTK for reconstruction.

And WTK also benefit from CPO price rise.

2016-04-24 22:55

paperplane2016

Yes. Wtk shld do well.

2016-04-24 23:10

oregami

And WTK also benefit from CPO price rise

Non of the planters & millers (from huge players to small holders) r happy now even cpo price rises. 85% of WTK's profit is from log extraction. In fact planting is making loss.

2016-04-24 23:20

Max's Lim

2011年，Lin氏家族在FLBHD的持股是18.36%
目前08-08-15 Lin氏家族在FLBHD持股是25.93%

其实股权变动不在基本面分析里，就像隔壁家把番薯园卖给对面街，都是你情我愿的买卖。

这个频频卖股的Lin Hao Yu, 不在管理层里，是Lin Fong Ming 的孩子。
职位是Promoter / Manager, 不过他的股权在2015年里也增加不少。
他的买价是RM1.3卖价是RM1.69，没得好弹。
若是他的买价是RM1.3卖价是<RM1.30，那我们得自求多福，求神拜佛了。
在这里重点是管理层没卖股权。如果管理层贱卖股权，我们就要找出蛛丝马迹，有阴谋就和公司分手！

给你一些资料参考，给你一点信心。

2011年IPO 的资料：

Lin Fong Ming （父亲）, aged 61, is our Managing Director (现已退休). He was appointed to our Board on 10September 1990.
He is one of our founders. He graduated with a Diploma in Science from the Tung Fang
Institute of Technology. He possesses more than 30 years of experience in the trading of
timber and plywood manufacturing. He has been playing an instrumental role in charting the
strategic direction of our Group. Under his leadership, our Group has grown from a small
company to a major player in the plywood manufacturing industry. With his vast experience
in the industry and technical expertise and know-how in the manufacturing of plywood, our
Group has been able to produce a wide range of quality plywood that meet customers'
requirements and international quality standards.
He started his career in the timber industry as a timber trader in Taiwan, attached to a
timber trading and plywood manufacturing company in Taiwan. Between 1981 and 2002, he
and the other two (2) founders owned a timber trading company in Taiwan where he was a
director of the company. Besides the plywood business, he also has investments in property
development business in the PRC and a petrol station in Taiwan. Due to his extensive
business experience and investments in various countries, he was appOinted as the
President of the East Malaysia Committee of Taipei Investors' Association in Malaysia from
2001 to 2004 and Vice National-President of Taipei Investors' Association Malaysia from
2003 to 2004. He was awarded the Best Overseas Chinese Entrepreneur by the Taiwanese
government in 2005 in recognition of his entrepreneurship achievement overseas. In 2008,
he was appointed as the AdviSOry Official in Malaysia for a year by the Taiwanese
government to assist the government in handling Taiwanese residence affairs in Malaysia.
In 2009, he was appointed for a two (2)-year term as an Overseas Compatriot Affair
Commission member by the Taiwan government. His role as a member of the Overseas
Compatriot Affair Commission is to act as one of the liaison person between the Taiwanese
in Malaysia and the Taiwanese government.

Lin Hao Wen, aged 33（孩子）, is our Executive Director. He was appointed to our Board on 14 July2009.
He completed his Degree in Computer Science from Yuan-Ze University, Taiwan in 2001
and subsequently pursued his Masters in Business Administration in Eastern Michigan
University, US majoring in Supply Chain Management. He graduated in 2006 and started
his career with our Group in 2007 as Assistant to the Managing Director. He is currently
assisting our Managing Director in overseeing the business operation of our Group in the
areas of production and marketing

7.1.2 Profile of promoters and substantial shareholders
The profiles of our promoters and substantial shareholders of our Company, who are
also our directors and key management, are set out in Sections 7.2.2 and 7.4.2 of this
Prospectus.

The following are the profiles of our Company's promoters and substantial
shareholders who are not our directors or key management:-

Lin Hao Yu, aged 34 （孩子）, joined our Group in 2009 as a Manager.
He has more than ten(10) years of working experience in the timber industry. He started his working careerwith our Company in 1998 as a general production manager. He left to join a veneer production factory in Cambodia from 2000 to 2003 as a manager. He returned to
Malaysia to join a company involved in sawmilling from 2004 to 2008, holding the
position of production manager and subsequently rejoined our Group in 2009.


不能说包赚，但是在赢面比较大的机率里，我可以买，买FLBHD, 买未来。
信心来自功课，加油！

2016-04-25 00:15

stockmanmy

after one or two good years, a plywood factory would still be subject to the same limiting factors as any other plywood factory......the FL would still be limited by supply of logs and the world price for plywood and lumber. Nothing has changed, nothing will ever change.

2016-04-25 00:19

calvintaneng

If an industry does well all its peers in the same group will rise or fall in tandem as a whole

Did it ever occur to anyone why Cymao did so badly with losses and also bad debts. And Cymao's directors are also Taiwanese while Focus Lumber is doing "so well".

And Directors of Cymao are keeping and buying more company shares while FLB directors are selling like no tomorrow?

These are the Cymao Directors below:

Mr Lin, Tsai-Rong
(Managing Director)
Taiwanese, aged 79, was appointed to the Board of Cymao on 13 November 2003. He obtained a Bachelor of Science
majoring in Plant Pathology from National Chong Hsien University, Taiwan, in 1958. He started his career in woodbased
industries with Cyma Plywood and Lumber Co. Ltd, Taiwan (“CPLC”) in 1962 and worked his way up from being
the Production Line Foreman, Supervisor, Section Chief, Production Manager, Factory Manager, Director of Research
and Development (R&D) to Vice President of CPLC. He has in-depth and comprehensive knowledge of running an
efficient and innovative wood-based company. In 1991, He founded Cymao Plywood Sdn Bhd (“CPSB”) and built the
company into what it is today. Being the Managing Director of CPSB, he commands very strong and loyal support
from the production workforce necessary to ensure the success of the business.
Mr Lin, Kai-Min
(Executive Director)
Taiwanese, aged 45, was appointed to the Board of Cymao on 13 November 2003. He graduated from Fu-Jen
University, Taiwan, with a Bachelor of Science majoring in Accounting in 1993. He joined CPSB in 1994 as a Production
Line Foreman and was given extensive production training. He became the Log Purchasing Manager from 1997 to
1998 in CPSB and subsequently headed its Finance Department. Armed with extensive training and experience from
all aspects of production, raw materials and accounting, he is now heading the Finance and Marketing Department.
Mr Lin, Kai-Hsuan
(Executive Director)
Taiwanese, aged 47, was appointed to the Board of Cymao on 13 November 2003. He graduated from University of
California Los Angeles, USA, with a Bachelor of Science in Applied Mathematics and a minor in economics in 1991.
He subsequently obtained a Master of Science in Forest Science with emphasis in Expert System from Texas A & M
University, USA in 1993. He joined CPSB in 1994 as the Quality Controller, then took on the post of Factory Manager
in 2000 and in the same year he was made the R&D Director. He was made the Vice President of CPSB in 2001.
8
CYMAO HOLDINGS BERHAD (445931-U)
Directors’
Profile
(cont’d)
Mdm Lin Hsu, Li-Chu
(Non-Independent Non-Executive Director)
Member of Audit Committee
Member of Nomination Committee and Remuneration Committee
Taiwanese, aged 72, was appointed to the Board of Cymao on 13 November 2003. She was a teacher at Hsi-Chih
Primary School from 1960 to 1981 after earning her Diploma in Education from National Taipei Teachers’ College in 1961.

2016-04-25 08:43

calvintaneng

When steel does well Annjoo, Southern Steel & Masteel all did well. And vice versa they all did badly due to China steel dumping last time.

Both Focus Lumber & Cymao deal with veneer & plywood. Both are owned by Taiwanese Directors.

Cymao is doing badly while FLB is doing exceedingly well.

The Directors of Cymao have been with the Company since year 2003 - 13 years still holding firm. The Directors of Focus Lumber are only with FLB since 2009 to 2011 (a mere few years only.

Just THINK carefully.

2016-04-25 08:48

Louisong

草包的分析，半桶水都没有笑坏人。

2016-04-25 18:09

chl1989

Pure speculation :)

2016-04-26 02:39

oregami

FLBH is selling value added product. Different producers have different profit margins depending on the standards. We can compare mingho's margin to wtk's margin coz both r selling unprocessed lumber.

2016-04-26 10:07