timber counter for next future very good because many country not allow to cut and wood become very expensive years by years . in India country,tree is protect by India government.
Posted by stockraider > Oct 9, 2015 11:28 AM | Report Abuse
I think over time...wtk should give good value. 1) nta more than rm 2.80 per share 2) timber business export orientated the price has been holding up 3) sizeable palm oil plantation....should contribute to the future. 4) company is paying dividend & the gearing low
WTK has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition, the price just broke the resistance of 1.18 reinforcing the bullishness in the recent price movement. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout
From the price action, it seems to me that insiders are buying the shares, Q-ing @ 1.20 to collect from unsuspecting outsiders, because they perhaps know that the coming quarter's results(prob due on 27th) is going to be great, which is predictable because in the latest AR, it seems the co. will gain RM1.29 m for each 5% rise in the US$.
Since June 30th, the last reporting quarter, the US$ has risen +18% from 3.77 to 4.45 ending Sep 30th, so that translates to about RM 4.60 m in forex gains alone.
WTK has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition, the price just broke the resistance of 1.19 reinforcing the bullishness in the recent price movement. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout.
If u lose $, don't blame me! The stock @ 1.25 is at a minor resistance ( high of Nov 2014 & low of Feb 2014) and has also risen more than +30% in just 2 months so some existing holders may sell.
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....
gauss
118 posts
Posted by gauss > 2015-09-22 15:18 | Report Abuse
hope for 5% please...