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.
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....
ivan9511
3,854 posts
Posted by ivan9511 > 2017-05-16 17:29 | Report Abuse
wa.now realky scare me.tell me why