Q2 : April to June will be worst due to MCO , CMCO , RMCO . Housing loan and vehicle loan payment is postponed until September2020 . Wait for the 2nd Q GDP result.
Sarawak losing wood market share to Indonesia, WTK says
BUSINESS Tuesday, 09 Jun 2020
KUCHING: Sarawak is gradually losing its logs and plywood market shares in key India and Japan markets as it could not compete with Indonesia and some other Asean timber producing countries. According to WTK HOLDINGS BHD
, Indonesia and other Asean countries have competitive edge over Sarawak because of favourable policies and strong government support they have received.
India is traditional key importer of Sarawak round logs and lumber products for decades.According to WTK, all woodworking industries in India have stopped operations due to the lockdown measures to manage the pandemic. On its plywood business, WTK said its revenue had dropped by 11% in 1Q2020 from a year ago as the average selling prices of plywood products had declined about 15% during the same period due to price competition from Indonesian and Japanese plywood producers.
The division registered a revenue of RM66.0 million in financial year ended 31 December 2019 as compared to RM67.9 million in the preceding year, a decrease of RM1.9 million or 3%, mainly due to reduction in domestic sales revenue as a result of price competition from local competitors. Accordingly, the performance of the Group’s tapes division for the current nancial year was lower as compared to financial year ended 31 December 2018.
As at 31 December 2019, the Group had cash and bank balances of RM383.2 million (2018: RM384.2 million), whilst bank borrowings and payables amounted to RM301.1 million (2018: RM331.5 million). Accordingly, the Group recorded a positive net cash position as at 31 December 2019.
buy the land as plantation at reasonable cheap price but in 15 years time this land can be integrated into Miri district bcos of its close proximity mah...!!
Just like sepang, putrajaya, puchong & rawang are integrated to Klang valley loh...!!
At the mean time u just enjoy the fruits of palm oil harvest mah..!!
Think strategic for wtk loh...!!
1. It has Rm 377m cash more than topgloves. 2. Its plantation land very valuable quite close to MIRI which a long term realty opportunity mah...!! 3. Its palm plantation is young with increasing maturity meaning going yield & maturity every year mah...!! 4. It has big timber hectare ...that can put to good use when timber price improve loh...!! 5. It hold cic or loytape which is listed & which involve with covid19 special distancing marking mah...!! 6. The directors now are buying wtk mah...!!
Most importantly at 37 sen....wtk is a cash rich screaming undervalue buy with very big margin of safety mah...!!
It is surewin...pls do not missed this golden opportunity mah...!!
Remember Samlimg reclamation land cost is very much expensive than plantation land cost mah....!!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Mikecyc
45,527 posts
Posted by Mikecyc > 2020-06-30 10:31 |
Post removed.Why?