WOW...suddenly got ppl makan 1.05 105,000 shares total. My first entry @ 1.11 a couple of months ago not so accurate, but looks like my averaging down with even more shares today @ 1.01 is just about right :D
I'm encouraged by the fact that less than 50k shares Q-ed to sell @ the matching price of 1.04. Bodes well in the medium term for the 1st target of 1.08 :D
dompeilee... sell at 1.04... you can make money meh? RM 1.10 + RM 1.01 / 2 = 1.055.... you still lose mah... wait lah... my entry price is 1.08 ... I did not buy more at 0.99 or 1.00....
tis wtk wait lah... it is worth more than 1.50 for sure... just the time... don;'t bother those nonsense TP by those idiot fresh graduate economist. they just know how to use QR earning to adjust the price... nothing else. ask wtk bosses to sell WTK at RM 1.10 ... I think those tycoons will grab WTK!
This stock has no business trading at around 1.00...95+ million net cash, plenty of yet to be revalued properties, an improving oil & gas outlook, better plantation earnings...and lastly, the estate of the late WKN sold its last shares in November.
i am moving away from Steel, Tin stocks, O&G and focusing on plantation now... why?
(1) the world population will continuously expand and demand for this cheapest cooking oil will always be there...the palm oil smear campaign had lost its arguments and people are realizing its even better oil than soybean oil...the price will soon be comparable to soybean's price.
(2) the land that had been relentless cleared in east malaysia and indonesia had come to a saturation point for planting further palm trees...meaning supply source is slowly becoming limited.
(3) you cannot find cheap land anymore....if you want to buy land for personal plantation purpose..i bet cannot find it cheaper than RM70K per hectare...look at thee price these companies are selling.
(4) O&G has huge upper limit on the price of Crude Oil (due to shale oil) just like palm oil has lower limit on its price due to biodiesel..
(5) Unlike all these steel companies, where they are dependent on raw material price, tariffs and selling prices...plantation's only major costs is free...the sunlight & natural minerals found from the soil and decomposing organic material of dead trees... Its like your costs are almost free..
even the laborers are being helped by machines which can harvest fruits from the trees...its just a matter of time - cheap robots will be introduced to harvest the fruits - they will work day and night for free with the fuel provided by Biodiesel from palm oil itself. If Japanese were ruling malaysia...this robots would have been here by now.
very soon one will never be able to afford to buy any land for their own..
PLANTATIONS IS THE ULTIMATE INVESTMENT for MALAYSIANS.. never lose your market share on this land bank. Price will only go up from now.....no returning back.
yfchong, no need to stress. Understand that WTK is an Asset play. Asset play usually takes longer time to realize it's value when compared to growth stocks - usually up to several years. But when it goes up it goes quite a lot, because you are bottom fishing by buying when it's at it's ugliest state. I believe WTK will turn ugly duckling into beautiful swan in the making.
Take an example you know, Can you imagine buying Hevea when it's 20 cent?
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....
SALAM
1,072 posts
Posted by SALAM > 2016-12-22 10:54 | Report Abuse
Members are squabbling in the court..