Dengar Raider cakap sangat bodoh, Tak buat research makan sendiri, Plantation counter sudah mati, Banyak investor sakit hati, Labur plantation rugi berpuluh puluh kali.
The answer is very simple & short loh....short term wtk is bearish bcos of its disappointing result, but mid term it is stable on the upside bcos of;
1. Its strong balance sheet with big net cash. 2. It will achieved improving cpo yield harvest in the 2nd half as guided by management. 3. It still have huge margin of safety todate loh!
Thus this will mean a rerating of wtk going fwd in 3 mths time
Posted by RVI123 > May 27, 2021 9:37 PM | Report Abuse
Timber went up more than 100% but the company is still losing money.
Not surprised at ALL! When lose money the Directors should take 50% pay cut every year until the company has made money. I am sure this will wake them up.
U got read or not...they curtailed timber production mah!
Posted by king36 > May 29, 2021 12:22 PM | Report Abuse
Posted by RVI123 > May 27, 2021 9:37 PM | Report Abuse
Timber went up more than 100% but the company is still losing money.
Not surprised at ALL! When lose money the Directors should take 50% pay cut every year until the company has made money. I am sure this will wake them up.
Some thing is wrong with this company or rather the management of the company. Last year it purchased a plantation at RM85mil and with CPO prices going from RM2,000 to RM4,000, the plantation revenue this quarter is only RM25mil, an increase of only RM5mil from same quarter last year AND still lost RM4mil on such high CPO price! Ptui! Might as well put the RM85mil cash into FD. Was there conflict of interest in the transaction I wonder?
Disappointed, fly from 0.465 to 0.645, drop back again to 0.465 ! Wtk cash rich, not mine! Although stock price very low but the boss still very rich!!
Date Settlement Price RM 17 Jun 21 3377 16 Jun 21 3404 15 Jun 21 3580 14 Jun 21 3375 11 Jun 21 3663 10 Jun 21 3844 9 Jun 21 3871 8 Jun 21 4049 4 Jun 21 4129 3 Jun 21 4158
Last year they spent RM85mil precious cash buying plantation but until now, yet to see any increase in CPO harvest? The timber output also decreasing.. who wants to take over such company? I think this company lacks impetus.
Calvin still holding WTK as well as other Palm oil shares
Actually the Palm oil business is doing fine except the timber business made the bottom line small loss. The Cash position has improved & Wtk gave out a 1 sen dividend which is 2.1% (better than Bank FD at 1.75%)
In any case there is big improvement from last qtr losses
Sept quarter also same sluggish result lah. CPO output same for few years already despite acquiring RM80mil plantation last year. Lumber also slumber ...
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Posted by 4444 > 2021-05-28 01:46 | Report Abuse
Run asap. QR loss something wrong with WTK.