dont believe to hng33..he is the contrarian..he is telling you guys not selling any share, you know what is the reason behind? he want to sell earlier than you guys..he lost a lot...i bet he will sell tmr asap.
Sales volume for plywood dropped due to slowdown in demand for imported plywood by the Japanese buyers despite there was an improvement in housing starts by 7.1% as compared to 3Q2015. This was mainly due to substitution by cheaper plywood produced domestically.
The Group’s key export markets for round logs were India (97%) and Vietnam (3%). The export markets for plywood for the quarter under review were Japan (87%) and Taiwan (13%).
The results had spoken....despite increase in timber production and FFB production, the company still unable to convert it into real sales. The company should work to expand the market instead of concentrating on just two countries for their products.
This is a very bad result. In every aspect every business division also poor performance... Anyone know why timber and plywood prices are depressed for suppliers/manufacturers? What is the reasons WTK perform far worse results compare to peer - TAAN and smaller peer like FLBHD?
Even Cpo price reach rm3000, timber price keep increase, net cash company, high nta, whatever good news, but still have this bad result, one word can said is Poor management company..
i cant understand why WTK loss on oil palm maintain the same when its revenue on oil palm is increase.... one hand said production up, one hand said FFB not up... faint
WTK achieved the highest log production of 171,000 m3 in 3rd Qtr 16 but reported a negligible profit RM 4.8 million in Timber division or RM 18.3 million reduction comparing with last year. More ever, Inventory stands at lowest level in the last 10 years..WEIRD! Something not so right..Is it timber prices crash in last quarter?
Turnover dropped from RM 180 million to RM 159 million for 3rd Qtr 16. Highest Log production in 3rd Qtr 16 but lowest Inventory over the last century...Something not tally...
For palmoil raider can answer....loh....!! Last time revenue low....but planting cost capitalise bcos not mature mah...!! Now mature already revenue high....but planting cost which is substantial now charge out as expense loh...!!
I am talking about Timber segment only. hiding something ie profit??? wakakaka
Posted by stockraider > Nov 22, 2016 10:24 PM | Report Abuse
For palmoil raider can answer....loh....!! Last time revenue low....but planting cost capitalise bcos not mature mah...!! Now mature already revenue high....but planting cost which is substantial now charge out as expense loh...!!
Raider... I based on the fact to talk one...I suspect WTK is hiding some good things. How the figures can be roughly tally by looking at the figures below.
Can somebody explain why WTK disposed off a subsidiary (sell off a subsidiary), but still lost RM 9.5million? It was sold at RM15.93 million, so can I know why it is still consider as a lost?
Raider. Logically, If the plywood prices have crashed, (by right) Inventory level should higher cause High production Low sales . How come Turnover dropped and Inventory cut to the lowest level?
Posted by stockraider > Nov 22, 2016 10:52 PM | Report Abuse
Up Down,
I suspect the plywood price is not doing well...and not per our extraction mah....!! Our figure maybe wrong loh...!!
Example FLB says plywood price no go good....but our figure still says good loh.....!!
So it may not be production figure but the price loh...!!
Up down...when price crash people always dump mah....!!
Just look at steel business for example few QTR back....when mkt crash...look at their inventory of Ann Joo....CSC.....Choobee...Hiaptek...SSteel..see how they cut their inventory loh...!!
Raider...I did not know plywood prices crash recently.
Posted by stockraider > Nov 22, 2016 11:04 PM | Report Abuse
Up down...when price crash people always dump mah....!!
Just look at steel business for example few QTR back....when mkt crash...look at their inventory of Ann Joo....CSC.....Choobee...Hiaptek...SSteel..see how they cut their inventory loh...!!
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....
ccp78789
201 posts
Posted by ccp78789 > 2016-11-22 19:40 | Report Abuse
even we take off the -RM10.8m one time loss, WTK also will report a lower y-o-y result.