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$$$ury to offset all the trading commissions.
Same strategy as Oriental, in which I held my first shares bought even longer...since 2013! In paper losses since the day I bought but after averaging down assiduously, now the mkt is weighing Orient more fairly & I reap my reward while collecting satisfying cash from their kitty =)
Plantation segment from <1m per qtr in '14 to 2.7m per qtr in '15 to 48m in the latest qtr. Soon the CPO profits will swamp over & more than compensate for losses in timber segment which has shrunk 75% since before corona due to co. scaling down because of greed of Sarawak govt imposing huge increases on levies. Sale for limited time only. Plus co. benefits from US$ strengthening agst RM.
Ok to give u a good picture on palmoil ban by indonesia;
Indonesia producer can only sell domestically at Rm 3500 to Rm 4500 loh! Their production cost is Rm 1500 to Rm 2000 loh! Still making good profit but much less loh!
Msia producer can sell Rm 6500 to Rm 7500 mah! Msian producers cost at Rm 2000 to Rm 2400, can make super abnormal profit loh!
@dompeilee....Patience is a virtue. I hold a portfolio of palm oil plantation related stocks including WTK and JTiasa but will not knock slow moving WTK. Every dog will have its day and similarly with currently not in favor WTK. It just needs a catalyst to perform in this market.
I totally agree....have been holding my latest repurchases of WTK since mid-2016 & averaging down every year when it came close to ex-dividend date. Oriental made me wait even longer(since late 2013) BUT the DELICIOUSNESS when my holdings turn from long paper losses into paper gains!
When June rolls around and WTK 1Q2022 results are out and digested, patient investors can feast opulent on the king of fruits in Raub. Musang king season for them!
This is for value investors, not action junkies....action junkies pls file your way to Genting baccarat tables...the tahiboss really want to su(k your $$$ lol
U need to understand....we already had move ahead since the covid run in 2020 loh!
Now u need to be little bit more defensive & plantations with CPO price up and huge cheap landbank to manage inflation plus a good hedge against RM depreciation are good bets to manage this risk & capitalise on opportunities loh!
Posted by nhbeen > 44 minutes ago | Report Abuse
stockraider: Inflation is good for banking whereas recession is not loh!
So if u invest in banking when recession strike....be prepare for about 2 years share price consolidation mah!
Yup. You are right. In recession, all sectors affected and their share price as well. If you intend to invest for long haul, it is also the time to buy into some good companies. Normally, equity market will move ahead first when economy starts recovering.
If timber segment continues to shrink, plantation profit should overtake timber losses as soon as the upcoming qtr report, with the CPO spike being encapsulated in 1Q. If disappointing, hold for another year lor...already held my shares for 6 years, what's one more year?lol
Already earned over $1000 in dividends since trading in & out of WTK from 2012-2016 & re-purchasing my SOLD ALL in Jan '16(got out very close to the $1.55 high) shrs in mid-'16 & increasing my stake exponentially from '17 till now.
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....
Youngkid
298 posts
Posted by Youngkid > 2022-03-02 11:07 | Report Abuse
A bird in hand is better than 2 in the bush