the wtk management has made a damn wrong decision in venturing into o&g business, it is killing the company in the long run, the only way to turn around is to drop o&g business immediately
@beso, I agree partially with you. If you consider the recent hike of the timber premium rate from 0.80 to RM 50, long term they need to diversify the business. Plantation of palm oil was a great move. Entering oil n gas could have been a great move as well, just their timing was horribly wrong. They entered when the oil price was peak n it was the ending of that oil bull run. Its all about timing and now it is up to them to decide want to painfully maintaining the oil n gas business till the price back to good time or just sell away. I think share holder also the same, they have multiple problems like family issues and oil n gas at the moment but you cant deny their base n asset, they have cash, the palm oil division gonna contribute.
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John Lu
5,187 posts
Posted by John Lu > 2017-12-01 07:46 | Report Abuse
Another holland stock from Dato Calvin