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.
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.
JUST IMAGINE EVERYDAY WTK UP 0.5 TO 1 SEN....WITHIN 1 MONTH THE SHARE PRICE CAN DOUBLE TO 70 SEN MAH...!!
THIS IS NOT IMPOSSIBLE MAH...AS WTK IS HIGHLY UNDERVALUE WITH HUGE MARGIN OF SAFETY MAH...!!
Wtk is a surewin investment remember CPO price is trending up & owner is buying mah...!! Very powerful indicator loh...!! To recap this are the very compelling points to buy wtk :
Wtk share price creeping up mah...!! MUST JUMP IN VERY EARLY LOH...!!
In a nutshell u cannot go wrong investing in WTK why ??
1. It has net cash of Rm 371m even more than topgloves 2. It has more prudent acquisition on its neighbour plantation increasing its ha size and most importantly enhancing its efficiency mah....!! 3. The palmoil price has started rising. 4. The timber price has stabilise & recovery 5. Its listed tape business under listed subsidiary CIC is doing well with covid19 social distancing. 6. Govt incentive on house buying will boost demand for plywood loh..!! 7. Most importantly the CEO of WTK has started buying a positive vote of confidence mah...!! 8. The company has been doing aggressive share buy back recently. 9. Wtk has declare a dividend of 1 sen giving a 3% pa dividend yield. 10. Its NTA is more than rm 2.00 loh....!!
Yes buy Wtk for its future cpo increasing output due to palm trees maturity plus increase hectarage and increase in price, and also please remember there is a palm oil mill too...which wtk can benefit efficiently too.
correctloh....that means WTK palm 5 to 8 years old which are young & increasing maturity has potential high growing future output mah....!! palm tree generally takes 4-6 years, when it start to grow from seed to its highest at around 10 years old.
That means wtk benefits from increasing palm output plus increase in milling profit mah...!!
A double happiness profit for wtk mah...!! If u invest in Wtk u really sleep well bcos it has the highest margin of safety and quality mah...!!
U cannot go wrong investing in plantation near growing city like MIRI the 2nd largest city in sarawak and near a rich Brunai just a stone throw away mah...!!
The director is willing to buy 37 sen and now it is 36.5 sen it is a bargain buy mah...!!
This is a good indicator to buy & buy more loh...!!
Posted by calvintaneng > Jun 12, 2020 7:32 PM | Report Abuse
Very good latest news
Director bought 300,000 Wtk shares from open market at 37 sen
DATO' SRI PATRICK WONG HAW YEONG 11-Jun-2020 Acquired 300,000 0.370 This is the highest amount and the highest price since March 10 the 2020
DIRECTORS BUYING ARE UNMISTAKABLE GOOD SIGNS TIMES ARE GETTING BETTER FOR WTK
RM1.00 TARGET PRICE IN SIGHT
JUST BUY WHILE CHEAP!!
DATO' SRI PATRICK WONG HAW YEONG 29-Jun-2020 Acquired 220,000 0.397 View Detail DATO' SRI PATRICK WONG HAW YEONG 26-Jun-2020 Acquired 100,000 0.407 View Detail DATO' SRI PATRICK WONG HAW YEONG 23-Jun-2020 Acquired 236,100 0.393 View Detail DATO' SRI PATRICK WONG HAW YEONG 22-Jun-2020 Acquired 35,000 0.385 View Detail DATO' SRI PATRICK WONG HAW YEONG 18-Jun-2020 Acquired 39,700 0.360 View Detail DATO' SRI PATRICK WONG HAW YEONG 17-Jun-2020 Acquired 200,000 0.360 View Detail DATO' SRI PATRICK WONG HAW YEONG 12-Jun-2020 Acquired 235,200 0.346 View Detail MR LIM HONG HIN 12-Jun-2020 Acquired 30,000 0.345
DIRECTORS BUYING ARE UNMISTAKABLE GOOD SIGNS TIMES ARE GETTING BETTER FOR WTK
RM1.00 TARGET PRICE IN SIGHT
JUST BUY WHILE CHEAP!!
DATO' SRI PATRICK WONG HAW YEONG 29-Jun-2020 Acquired 220,000 0.397 View Detail DATO' SRI PATRICK WONG HAW YEONG 26-Jun-2020 Acquired 100,000 0.407 View Detail DATO' SRI PATRICK WONG HAW YEONG 23-Jun-2020 Acquired 236,100 0.393 View Detail DATO' SRI PATRICK WONG HAW YEONG 22-Jun-2020 Acquired 35,000 0.385 View Detail DATO' SRI PATRICK WONG HAW YEONG 18-Jun-2020 Acquired 39,700 0.360 View Detail DATO' SRI PATRICK WONG HAW YEONG 17-Jun-2020 Acquired 200,000 0.360 View Detail DATO' SRI PATRICK WONG HAW YEONG 12-Jun-2020 Acquired 235,200 0.346 View Detail MR LIM HONG HIN 12-Jun-2020 Acquired 30,000 0.345
On China flood , seems Thailand and Indonesia will be most benefited .
=======
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.
___________
Below are the 15 countries that exported the highest dollar value worth of sawn wood during 2019.
1. Canada: US$6.4 billion (17.4% of sawn wood exports) 2. Russia: $4.5 billion (12.3%) 3. Sweden: $3 billion (8.3%) 4. United States: $2.8 billion (7.7%) 5. Germany: $2.3 billion (6.3%) 6. Finland: $1.9 billion (5.3%) 7. Austria: $1.6 billion (4.4%) 8. Thailand: $955.9 million (2.6%) 9. Malaysia: $814.6 million (2.2%) 10. Chile: $788.7 million (2.2%) 11. Latvia: $747.4 million (2%) 12. Brazil: $701 million (1.9%) 13. Ukraine: $619.5 million (1.7%) 14. Belgium: $606.3 million (1.7%) 15. New Zealand: $571.7 million (1.6%)
Malaysia palm oil price is at 651.58 USD/MT in June ,up from 573.88 in May , and up from 552.19 one year ago .This is a change of 13.54 % from May and 18.00% from one year ago .
May Chua. Congratulations, for exposing this 'Tong Sampah/Bising' {TSB}-
@mikecyc So u keep shooting down stocks recommendation...what would u recommend? What track record u have?
probably he can't respond or do so with some rubbish. If this guy owns or runs a company, it'll go bankrupt in no time. Anyway, don't waste time on such a Tong Sampah/Bising. Have seen his post in other forums, same rubbish.....
Lumber decreased 52.10 USD/1000 board feet or 12.81% since the beginning of 2020, 354.60 USD/1000 board feet according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity.
Lumber is expected to trade at 332.30 USD/1000 board feet by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trader at 273.47 in 12 months time.
The lowest ard MCO time is about USD 250 ..
What is the current price of lumber? 16 /7/2020 Agriculture Name Price Unit Lumber 372.90 USD per 1.000 board feet
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....
tansoonyg
61 posts
Posted by tansoonyg > 2020-07-12 07:14 | Report Abuse
Sarawak state election is coming soon, Sarawak base WTK will go higher .