hng33 is smart, although WTK is a good counter, but I think the price will slowly go back to RM1.05 -RM1.06. I don't know why, but it seems like this counter is controlled by someone, and the someone purposely pull down the price.
Icon, seem like the reader comment make a lot of sense to you until u decide to remove your article? It will be good if you can elaborate for us to discuss more about it. good or bad is up to our own judgement.
Shouldnt remove the article just because the comment from a reader that result is not good. After all, this is just forecasting or what your own opinion of the company. When you wrote the article, you are looking into the company and that's your opinion. Right or wrong does not matter. Must your opinion be right all the time, in order for the article to be published? What if WTK result is good ie the reader comment is wrong? You going to bring out the article again?
The reader that told me was a seasoned investor. He also didn't have the details as he heard from others. But he was credible before, so I took his input seriously and withdrew the article
But I am not selling a single share. It is common for PLC sometime to not do well. If you are patient, WTK at current price definitely is undervalued. Its growth potential is beautiful and real. I am confident that ultimately I can make money from it.
The same reader told me about hevea poor June result before it was announced. He already knew hevea shut down some lines for maintenance
But if you look at Hevea now, it's share price has gone up. The lesson learned is that market is very tricky. There is no need to panic even if one quarter is weak. If the fundamental is intact, can hold on.
But of course I am grateful that he provided me with the info. It is up to me to decide how to act on it
last quarter log price was still at low ebb,but now climbing up to comfortable level, another factor is the ringgit continues to depreciate, could soon see 5 ringgit/UDS.all these factors are favouring commodity based exporting companies.
do you mind telling me which component of WTK that is not doing well? having gone through the latest report, the management seems pretty upbeat about the prospect of better earnings especially via its timber products due to increasing demand from the japanese housing sector...becos the bulk of its earning are from the timber component, lower sales volume could lead to lower revenue...as you have shown that the price were increasing, i dont think its pricing were the problem
if i remember it correctly, they also have a disposal of asset worth 15 millions in hand to be accounted in this quarter, a maturing palm oil plantation with better yield of FFB which have an above average price for these past months, so better revenue from the plantation again
now i got this from the report, its a different ball game if the information is from the insider...maybe something was wrong with its manufacturing component? or the OnG
Actually u should nothing to fear on WTK at this price....it would be just fine loh....!! Net cash position....profitable....good cash flow....high NTA and improving profit loh.....!!
Also disposal of non core assets will help too....!!
osted by Icon8888 > Nov 17, 2016 02:35 PM | Report Abuse
The same reader told me about hevea poor June result before it was announced. He already knew hevea shut down some lines for maintenance
But if you look at Hevea now, it's share price has gone up. The lesson learned is that market is very tricky. There is no need to panic even if one quarter is weak. If the fundamental is intact, can hold on.
But of course I am grateful that he provided me with the info. It is up to me to decide how to act on it .
THE KEY IS NO NEED TO PANIC EVEN IF ONE QTR WEAK LIKE WHAT ICON SAYS LOH......!!
IF LONG TERM FUNDAMENTAL IS IN INTACT CAN HOLD LOH...!!
actually u should nothing to fear on WTK at this price....it would be just fine loh....!! Net cash position....profitable....good cash flow....high NTA and improving profit loh.....!! Furthermore wtk is export....input in ringgit but earn usd loh..!!
Also disposal of non core assets will help too....!!
THE ABOVE IS THE LESSON TO BE LEARNED BY LONGTERM FUNDAMENTAL INVESTOR LOH.....!!
haha. stockraider bro also agree. what to worry I am thinking. so what if bad quarter? it has been showing good quarters for 2 years, yet price still depress. No negative surprise yet mkt price going down.
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....
hng33
20,318 posts
Posted by hng33 > 2016-11-17 10:14 | Report Abuse
money888
Now portfolio hold no more WTK, all sold back at 1.11 and 1.12, lock all contra and all paper profit, free up all capital.
Portfolio now need to buyback and accumulate back to rebuild back position again.
Alternate exposure is Jtiasa, and so happen today, WTK on strength, whereas Jtiasa on weakness.