WTK is trading at its resistance of 1.05. It is important to monitor the price volume action near this 1.05 level to determine whether a breakout will take place.
@abangadik - Hi abangadik, it's been awhile, how are your stocks doing? Ya this is typical 溏心风暴 hk drama, so let them finish with the court case and all then only can they move on focusing back on the business. But it's okay cause this stock has high book value, just need to unlock the value. Will require some patience loh.
I have a client whose company consist of more than 10 shareholders where the company is having few lands valued more than 30mil market value now, they have been fighting for how to deal with the lands whether to JV with others for property development or just sell off the lands & return cash to all shareholders.
They have been fighting since the lands were purchased at cost of 8mil 20 years ago, nothing can be done as the 2 groups are now suing each others.
After reading the stories reported in the edgeweekly, 34 legal cases among WTK major shareholders' families are never been easy tasks to handle especial when there were events conducted successfully by one group but totally disadvantged to the other group.
Management seems to be optimistic of its prospect for financial year 2017:
Commentary on prospects Timber The Japan’s economy grew at an annualized rate of 2.2 percent in the third quarter, better than expected which was mainly due to trade and the weakness of Japanese Yen bodes well for export growth. The government implementation of structural reform would offer the hope for a sustained improvement in the rate of economic growth. Housing starts rise by 7.9% and 6.4% respectively when compared to the last corresponding quarter and last YTD. As the domestic plywood inventory correction was completed, we would expect slight improvement in plywood prices and sales going forward. India achieved annualized growth of 7.3% in the last quarter in 2016 which is among the fastest growing economy in the world. Recent government decision to demonetize its currency in circulation overnight to curb the flow of unaccounted income affected the liquidity. The impact of demonetization is likely to be short term with substantial potential benefit in the long run as strong fundamentals still in place, implementation of reforms, easing monetary policy, credit condition, and infrastructure spending will continue to benefit our Group’s log export market
Plantation The Group’s FFB production increased by 61.2% as compared to the previous corresponding year. As more mature hectarage are moving into higher production cycle, the division is expected to improve its performance in years ahead. Moving forward the CPO prices would be heading for some corrections as the palms are recovering from last year’s El Nino effect of lower FFB production.
from tis quarter, we can see the timber business is recovering, just the O&G sector drawdown the profit, if we seriously look on the P&F statement, Share of results of associates lost on 19.8M which is the main cause to the bottom line results.
Revenue Q4 FY16: Timber-------------134.119 M Plantation----------12.993 M Oil and Gas--------11.869 M Manufacturing------9.310 M Trading---------------7.835 M Others----------------0.488 M
Profit B4 Tax Q4 FY16: Timber---------------16.630 M Plantation-----------(5.461) M Oil and Gas-------(19.618) M Manufacturing--------0.676 M Trading-----------------0.648 M Others------------------2.913 M
I thought today got big drop ...can collect more... I hv 1.08 .... want to collect more.... with its attractive NTA and assets.... nothing to worry....
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....
steveooikp
4,689 posts
Posted by steveooikp > 2017-02-15 16:42 | Report Abuse
now I better wait... don't top up 1st....