1.36b in net assets. 477m shares outstanding. 2.85 net book value. More than 2x its current trading price. With Retained earnings of over RM1b. Bonus issue in future should not be a problem.
We dun nid to take care the upside of logging and plywood segments, but we take care the downside of plantation, manufacturing and oil & gas.
compare with the preceding quarter (2q2015):
plantation: still nid to suffer, lbt minimized 1m to 1.6m
manufacutring: tin foil product is doing export, very good, pbt increased 100% to 5m
oil & gas: started breakeven, inclusive of one time mobilization cost, so the next quarter will be start making money. As they're just providing enginnering to Petronas's existing oil field, so dun nid to worry so much and yet the management is very optismistic.
Given the unlimited upside and limited downside factors of WTK, i would gv it a foward pe valuation of at least 18x, now is 15x
Dun worry folks, hv I ever pointed u to Holland since I started writing in i3?
john888 sifu, I today buy 117-118 to support. 120 above let people have chance to buy. today I cheap sell 120 and above, tomolo no offer already. wanna buy, quick quik come
john888 sifu, today WTK draw a star mah, twinkle twinkel little star very nice. We can sing "How I wonder what you are “ tonight and tomolo see up or down...
lol...i believe WTK is a good counter too, same as taann, and better than jtiasa...timber is another good industry to be on focus after glove and furniture.. buy some la, i am accumulating
WTK is trading near its support of 1.14. It is important to monitor the price volume action near this 1.14 level to determine whether this support level will hold. RSI is showing an oversold condition which may indicate that a rebound to the resistance of 1.23 may takes place.
Based on EPS 4 cents from previous quarter, if sub sequence quarter remain good (4 cents), fv = 1.60. Dont forget olympic in Japan and WTK export log to Japan.
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....
red_85
1,259 posts
Posted by red_85 > 2015-12-03 15:57 | Report Abuse
114 is good support, good bargain..i am collecting too