Does anyone know what has happened to the 4700 hectares oil palm plantation purchased from Rimbunan 2 years ago. It seems that the FFB production does not increase after the purchase. Does it mean that the trees are still immature (less than 3 years old)?
Youngkid, you may not be aware that WTK is still very small in palm oil revenue. I wonder if you are switching to WTK is for its palm oil business? Pls read the financial report to get a clear picture.
Posted by Youngkid > 10 minutes ago | Report Abuse
Today only I confirmed going up for WTK , I sold Jtiasa n TSH just now to sapu WTK
Waiting 0.48 to average down.. Hope all is good assets. No further impairment.... Like the oil. Boat really susah sahi.. 1. Timber n plywood 2. Oil palm 12 K hectare 3. Traditional tapes 4. Forest plantation FMC it should gives yield by now.. Already 8 years.... Hope the dispute border has well taken care by company n natives group...
Bought more WTK @ 54-54.5c bringing my holdings to 346 lots averaged down for the last few years. Cost is now below 60c. Recommended to premium clients since end-'21.
When other predominantly palm oil counters move up, others such as WTK with smaller palm oil estates of 40,000 acres gets noticed as laggards. Should 1Q 2022 results show substantial improved results and I expect it to be so, this counter will really move then. Good cash hoard, dividend 1.5% coming, selling at a fraction of nta, timber prices slowly improving ; what's there not to like? Get in early for the run.
Sorry, 1.5 sen dividend; even when times are not so great for their timber business. Risk reward ratio looks pretty good going forward. Always looked at WTK as smaller cousin brother of JTiasa, both being Miri based and in similar business. Now waiting for WTK price to catch up a bit with JTiasa.
Broke below the $1 in 2017 & since then has never even gone back decisively above the 2009 lows. Many big holders gave up already, incl MD of Eupe who once held over 8 mil shrs. While waiting for the mkt to turn into a weighing machine once again, I keep collecting cash from the WTK trea$$$ury to offset all the trading commissions.
Same strategy as Oriental, in which I held my first shares bought even longer...since 2013! In paper losses since the day I bought but after averaging down assiduously, now the mkt is weighing Orient more fairly & I reap my reward while collecting satisfying cash from their kitty =)
Plantation segment from <1m per qtr in '14 to 2.7m per qtr in '15 to 48m in the latest qtr. Soon the CPO profits will swamp over & more than compensate for losses in timber segment which has shrunk 75% since before corona due to co. scaling down because of greed of Sarawak govt imposing huge increases on levies. Sale for limited time only. Plus co. benefits from US$ strengthening agst RM.
Ok to give u a good picture on palmoil ban by indonesia;
Indonesia producer can only sell domestically at Rm 3500 to Rm 4500 loh! Their production cost is Rm 1500 to Rm 2000 loh! Still making good profit but much less loh!
Msia producer can sell Rm 6500 to Rm 7500 mah! Msian producers cost at Rm 2000 to Rm 2400, can make super abnormal profit loh!
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....
RVI123
660 posts
Posted by RVI123 > 2022-03-01 15:45 | Report Abuse
Does anyone know what has happened to the 4700 hectares oil palm plantation purchased from Rimbunan 2 years ago. It seems that the FFB production does not increase after the purchase. Does it mean that the trees are still immature (less than 3 years old)?