This time Ta Ann results & overview confirm uptrend of log prices & Cpo prices
Current Year Prospects The Group’s log harvesting policy is in compliance with our certification exercise. The reduction of log export quota from 30% to 20% effective 1 st July will channel more proportion of logs harvested to the mills for processing. We have strategically revised our plywood production to process more products with higher plantation and certified woods components as we are stepping up harvesting of our plantation logs and utilization of imported PEFC certified eucalyptus veneer. To-date, plywood products prices have gone up by USD25/m3 and with higher demand, we anticipate the price uptrend to continue. Oil palm sector which was the main source of revenue and profit in the first half year is expected to generate higher revenue and profit for the Group since the oil palms are entering into the peak crop season. Barring unforeseen circumstances, the directors are confident of a satisfactory performance for 2017
First of all, appreciate the insightful investment articles that you’ve written over the years. Keep up the great work!
Are you currently following EKSONS (9016)? FYI, this company has businesses in plywood manufacturing and property development. The company has mills located at East Malaysia (i.e. near sources of timber supply at Sibu & Tawau ‘http://www.eksons.com.my/t_factory.php’).
The current price is at RM0.91 (25 August 2017) vs NTA of RM2.89 (approx. 3 times). Also, noticed that Mr. Lim Pei Tiam (i.e. one of the 30 largest shareholders) has increased his shareholding from 1,006,200 shares / 0.61% (as of 30 June 2016) to 3,364,700 / 2.05% (as of 5 July 2017).
Appreciate your thoughts in the potential of this company, should you be interested. Thanks in advance.
no hope at all in AWB only depend on major customer PETRONAS, management no action on looking for new contract, better sell it. one off impairment loss better than continue red in this segment. all segment profit still unable cover the O&G segment loss.
Posted by alexchoong > Aug 25, 2017 02:20 PM | Report Abuse
@calvintaneng
First of all, appreciate the insightful investment articles that you’ve written over the years. Keep up the great work!
Are you currently following EKSONS (9016)? FYI, this company has businesses in plywood manufacturing and property development. The company has mills located at East Malaysia (i.e. near sources of timber supply at Sibu & Tawau ‘http://www.eksons.com.my/t_factory.php’).
The current price is at RM0.91 (25 August 2017) vs NTA of RM2.89 (approx. 3 times). Also, noticed that Mr. Lim Pei Tiam (i.e. one of the 30 largest shareholders) has increased his shareholding from 1,006,200 shares / 0.61% (as of 30 June 2016) to 3,364,700 / 2.05% (as of 5 July 2017).
Appreciate your thoughts in the potential of this company, should you be interested. Thanks in advance.
Alex Choong,
I once bought into Ekson when Johor Sifu highlighted its shop[house called THE ATMOSPHERE south of KL. That was quite some years ago. And we took profit on Ekson when prices surged. Since then I have not followed up on this stock. I think at current low price Ekson with its high NTA do offer some value.
AND HI GUYS,
If you look at the overall performance of WTK this quarter it is actually ok.
ALL segments are PROFITABLE...the NTA drop 0.04sen but shares price already discounted more than that, the 0il and Gas Segment still in initial growth investment stages, look at the full financial reports. this counter good for value investing investor.
If I were ever go to their AGM, I will ask the management at their face why don't just sell the stupid oil n gas business. What is the point to keep it and lose every quarter.
Current qtr NTA drop only 0.04sen but market d purnished the share price 32sen due to uncertainty for the qtr earning. but many investors queitly Collecting frm time to time can see frm the trend.
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....
calvintaneng
56,242 posts
Posted by calvintaneng > 2017-08-22 17:54 | Report Abuse
Good news
This time Ta Ann results & overview confirm uptrend of log prices & Cpo prices
Current Year Prospects
The Group’s log harvesting policy is in compliance with our certification exercise. The reduction of log
export quota from 30% to 20% effective 1
st July will channel more proportion of logs harvested to the
mills for processing. We have strategically revised our plywood production to process more products with
higher plantation and certified woods components as we are stepping up harvesting of our plantation logs
and utilization of imported PEFC certified eucalyptus veneer.
To-date, plywood products prices have gone up by USD25/m3
and with higher demand, we anticipate the
price uptrend to continue.
Oil palm sector which was the main source of revenue and profit in the first half year is expected to
generate higher revenue and profit for the Group since the oil palms are entering into the peak crop
season.
Barring unforeseen circumstances, the directors are confident of a satisfactory performance for 2017