Currency impact to the Group For the Group, the weakened Malaysian Ringgit has a direct impact on the cost of goods sold, specifically with the suppliers that we transact in US Dollars. However, the management is mitigating the impact of the currency fluctuation and will continue to manage this risk.
I read this, wtk sells in USD, also buy in USD, so mean what now ? Blur d, but of course in the performance review there, stated this quarter result is good, partly is due to the strengthening of USD
Those who don't know what to buy, it is a good time to whack WTK. I believe some one is playing around with the price to collect low. Once accumulation is done, the price will "flytothemoon".
A wave of selling pressure is here.. to protect capital do not hold.. to take risk go ahead and hold on.. we dont know when this manipulation will be over..
IF I have holding power why scared n panic...definitely will fly back to 1.50 as WTK's earning is charting higher in the coming qtrs due to higher log price...Who knows 2016 could ignite a Timber Bull run...Timber is at its up cycle now...So better think twice before dumping WTK ...
Nice closing, still depends on the currency movement, overall market sentiment is very sensitive to it, I am closing watch the currency movement, not wtk share price.
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Posted by sengtong88 > 2016-03-03 17:00 | Report Abuse
free fall?? I only see strong support at 1.35.