How to make money? Heavily depends on Petronas and Oil and Gas segment alone already lost 21.7 million in first 6 months. Plantation palm oil also still losing money. They should sell the oil and gas division to somebody else and just focus on their current lumber, plantation and manufacturing. Anyone attended the AGM this year and did anyone ask management anything about oil and gas sector?
1) WTK (82 sen) Intrinsic Value Rm2.80. Target Price Rm1.60
This bombed out Timber/Oil Palm Stock is now near all time low.
Family dispute, low timber/cpo prices impacted its prices. So WTK is totally oversold. Time to load up for these reasons. CPO prices now moving up. WTK selling at deep discount of NTA at over Rm2.80. Dr Neoh Soon Kean is also in Top 30 Share Holders of WTK. Other catalyst are a) Canada Softwood impacted by drought & fire. b)Tokyo Olympic 20202 will spur logs/plywood sale.
Actually what is the reason why they are making a loss in O&G? Are they lacking the experience? not competent team? or just general downtrend of O&G sector? Anyway can answer this? Thanks.
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....
ipodkaki
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Posted by ipodkaki > 2017-09-13 14:19 | Report Abuse
How to make money? Heavily depends on Petronas and Oil and Gas segment alone already lost 21.7 million in first 6 months. Plantation palm oil also still losing money. They should sell the oil and gas division to somebody else and just focus on their current lumber, plantation and manufacturing. Anyone attended the AGM this year and did anyone ask management anything about oil and gas sector?