The Board of Directors of the Company wishes to announce that the Company had on 28 February 2017 submitted its unaudited results for quarter ended 31 December 2016 ("4QFYE2016") to Bursa Malaysia Securities Berhad ("Bursa Securities").
In compliance with Paragraph 9.19(35) of the Main Market Listing Requirements of Bursa Securities, the Board wishes to inform that there is a deviation of more than 10% between the Group's profit after tax and minority interest for 4QFYE2016 announced on 28 February 2017 and Audited Financial Statements for the financial year ended 31 December 2016 ("AFS 2016"). The explaination and reconciliation for the deviation is attached herein.
Last few weeks, Just bought some @ 98 Sen. Plantation shares are not speculative and have to wait a while before it can catch up the other more volatile stocks.
@CCM - WTK is not a pure plantation share, rather it's a diversified company. It's main business is in logging, plantation only covers a small portion of the business operations. But is it a net-net investing, as long as cash burn is low while with high cash, I am willing to invest in it until the negative sentiment turnarounds.
The Board of Directors of W T K Holdings Berhad is pleased to announce that the production figures of the Group for the month of April 2017 were as follows:
hi guys. wtk make net profit now after loss . so with now declared dividend .do anyone feel this stock can limit up like malton. let see tomorrow got people sapu for dividend 2 sen or not?
30-May-2017 Quarter Result Quarter Result on 31-Mar-2017[#1] QoQ - 109.91% YoY - -96.61%. 26-May-2017 Entitlement WTK HOLDINGS BHD declared Final Dividend - RM 0.02, the ex-dividend date on 08-Jun-2017. 26-May-2017 Meeting Outcome Annual General Meeting on 26-May-2017.
actually above ans all are very good news, hope wtk can know it nta is rm 2.80 , share price only 94 sen . come on at least rm1.50 . cash rich company
wow. Negative profit again. Luckily I sold at loss at 0.995 last few month. Such lose making company never gain. All the cash also will burn if continue lose.
Not so much on family feud, rather I think the business itself is facing tough times in the short term.
I think AR 2016 provides a clear picture of WTK. To easy understand, let me break them down for you so you don't have to.
-Palm Oil division is still young, so that's why recently there's a loss of 15m expenses. But as it goes forward they shall produce more fruits in the longer term. -O&G division remain stalemate and incurred losses, until Petronas gives a nod on further expenditure. -Logging division is temporarily affected by India's recent demonetisation policy, that's why they choose to stay sideline and sell to domestic buyer at lower prices, which was reflected in the few recent quarter. As it goes forward, they will be able to export as the demonetisation effect subsided. -Plywood division remains alright, as Japanese pickup more plywood usually in the second half. -Manufacturing of masking tape, etc contribution remains marginal and crappy. (they should sell it maybe)
All in all, as you can read, WTK is facing tough times, this stock so it's not for the faint hearted. Once they overcome it,it's value should unlock in the longer term.
They have 300m cash and cash eq (and increasing) anyway. I the worse case scenario, they should be able to last several years, barring financial crisis.
"The winding-up petitions against the companies mentioned in the aforesaid article have no material impact on W T K Holdings Berhad."
Hmm, not affected I see.
"As the aforesaid article may give rise to the erroneous impression that Ma is seeking orders to wind-up “subsidiaries..…of WTK Holdings”, the management of W T K Holdings Berhad will be requesting The Edge Malaysia to publish a clarification in their next publication."
Oil and Gas Oil and Gas division registered a revenue of RM12.2 million, representing an increase of RM0.4 million, as compared to 1Q2016’s revenue of RM11.8 million. Its revenue was mainly derived from vessels’ charter fees through Alanya Marine Ventures Sdn Bhd.
Its loss before tax stood at RM9.6 million in the current quarter as compared to 1Q2016’s loss before tax of RM0.7 million. The loss was due to the share of loss of its associate company, which vessels were off-hired due to temporary project deferments and adverse weather conditions. The loss was attributed to the associate company having to continue to incur charter fee and operation costs to maintain the vessels in the ready state of deployment.
firehawk, which part you find surprising? WTK ventured into O&G in the second half of 2014. If you recalled, that's when the O&G plunged. Can only say their timing was terrible.
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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....
Hustle
3,615 posts
Posted by Hustle > 2017-05-18 15:51 | Report Abuse
don't resist with the opposite wave, just wasting your bullet