Posted by AlexChiaWS > May 16, 2020 4:37 AM | Report Abuse
KUALA LUMPUR (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives would likely trend higher next week on expectations of higher demand from India and China, as Malaysia has lowered its export duty on palm oil to zero per cent for June, the Malaysian Palm Oil Board (MPOB) said.
Why Wtk is likely to do much better than Rsawit leh?? This is bcos Wtk is very cash rich mah...!!
Posted by calvintaneng > Jun 13, 2020 11:14 PM | Report Abuse
Mikey mouse is completely brainless and clueless why do Wtk bought out 11,000 Acres lands near Miri from r sawit and rsawit did not make money from its own plantations
Reasons are these
1. Rsawit has almost Rm500 millions debt bomb like Mikecyc bankrupt zelan
2. Rsawit made Rm6 millions profits but Bank interest is also Rm6 millions totally eaten up all profits plus registered a loss due to operating cost
If not for such horrendous debt Rsawit world have made a tidy profit
3. Rsawit is forced to sell the over 11,000 acres land adjoining Wtk plantation lands because only Wtk will buy them as they are only suitable for Wtk their next door neighbour
4. Cash rich Wtk seeing their plight bought over Rsawit lands for only Rm7.7 K per acre. Market value about Rm23 K per acre
5. Wtk only pay 1/3 for the lands at fire sale prices
6. Rsawit sold in distress Wtk got a great bargain
7. Seeing the great prospects of Wtk insider boss of Wtk loaded another 300,000 Wtk shares from open market for 37 sen
Calvin now calling all friends to sapu all cheap Wtk shares at only 36.5 sen
This is the best and cheapest bargain in all of Klse now!!!
If u invest in Wtk u really sleep well bcos it has the highest margin of safety and quality mah...!!
U cannot go wrong investing in plantation near growing city like MIRI the 2nd largest city in sarawak and near a rich Brunai just a stone throw away mah...!!
Posted by Mikecyc > Jun 14, 2020 10:06 AM | Report Abuse
Brunei people come to Miri to shopping and entertainment during weekend. Miri people will drive to Brunei to enjoy cheaper Sushi , and top up petrol which is cheaper.
When timber price recover....wtk being one of the biggest producer will be the largest beneficiary loh...!!
Wtk is ready mah...now they just curtail production to conserve resources mah...!!
Posted by Mikecyc > Jun 14, 2020 11:22 AM | Report Abuse
Lumber decreased 52.10 USD/1000 board feet or 12.81% since the beginning of 2020, 354.60 USD/1000 board feet according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity.
Lumber is expected to trade at 332.30 USD/1000 board feet by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trader at 273.47 in 12 months time.
In short Wtk is a screaming buy with very positive catalyst loh..!!
We invest because of Catalysts !!!
Catalyst number 1: Directors swabble and force selling now over. Now they turned into buyers of Wtk shares. Company also does share buyback support like what Calvin saw in Supermax
Catalyst number 2: Political spat with India now over and they are buying palm oil from Malaysia once again
Catalyst number 3: FDI will increase use of both wood and plywood product for building of houses, condos and factories.
Catalyst number 4: The rise of coronavirus will increase usage of marking floor tape for distance spacing. Wtk sells to Billions people on earth. This unknown product springs to life by Covid 19!!! A huge windfall surprise
Catalyst 5: It's Cash Hoard is worth 77 a share and price is only 37 sen. Very very very safe stock unlike so many loaded with high debt
In short, Wtk has all the safety margin and great prospect going forward
And best of all the price is screaming out with Value
In a nutshell u cannot go wrong investing in WTK why ??
1. It has net cash of Rm 371m even more than topgloves 2. It has more prudent acquisition on its neighbour plantation increasing its ha size and most importantly enhancing its efficiency mah....!! 3. The palmoil price has started rising. 4. The timber price has stabilise & recovery 5. Its listed tape business under listed subsidiary CIC is doing well with covid19 social distancing. 6. Govt incentive on house buying will boost demand for plywood loh..!! 7. Most importantly the CEO of WTK has started buying a positive vote of confidence mah...!! 8. The company has been doing aggressive share buy back recently. 9. Wtk has declare a dividend of 1 sen giving a 3% pa dividend yield. 10. Its NTA is more than rm 2.00 loh....!!
Yes buy Wtk for its future cpo increasing output due to palm trees maturity plus increase hectarage and increase in price, and also please remember there is a palm oil mill too...which wtk can benefit efficiently too.
That means wtk benefits from increasing palm output plus increase in milling profit mah...!!
Instead of chasing growth like hot gloves sector...it is time we look into contraian cheap deep undervalue stocks like WTK to diversify your risk profile mah...!!
Wtk potential return may not be less than any gloves stock going forward bcos of its deep undervaluation & margin of safety mah...!!
Posted by stockraider > Jun 14, 2020 11:59 AM | Report Abuse X
WTK business is cyclical in palmoil & timber mah....!!
The safest to buy & make big monies, is when it is in cyclical low u make the purchases and it is now the recovery stage mah...!!
Your return will be very high...i may not be very surprise, if u can even beat the glove stocks return loh....!!
If u invest in Wtk u really sleep well bcos it has the highest margin of safety and quality mah...!!
U cannot go wrong investing in plantation near growing city like MIRI the 2nd largest city in sarawak and near a rich Brunai just a stone throw away mah...!!
The recent technical does not show any strength for price climb, if the fundamental is good as informed, there is bound to be selloff tomorrow i presume to cement the price growth potential mid term
1. See that Texchem has pivoted into glove latex and nitrile chemical due to the Upturn of Glove demand like never before
Orders for gloves in Topglove are solidly locked in for next 400 days. More than enough time for Texchem to convert half billion ringgit production of glove chemicals in big way.
Govt changing rule for Foreign Fdi in giving up to 15 years tax free status This will add value to Texchem huge assets in industrial lands warehouse and factories
Crash of crude oil will add even more profit since march 2020
So look at the future game changer
If only people saw what i see ahead in early april 2020 when supermax was only Rm1. 73
Thru it Jackma of Alibaba became the Top billionaire in China and Jeff Bezos the richest man on earth thru Amazon, overtaking both Bill Gates and Warren Buffet
So the use of Loytapes will be exponential for packaging and sealing of boxes for deliveries
Covid 19 need for distance spacing another huge booster for marking tapes of loytapes
7.8 billion people on earth need to distance themselves from one another
Loytapes are made from oil by products So crude oil crashing will cut feedcost for loytapes by 40% or more. Great for WTK
Powerful forces are at work to propel WTK profits like never before!!
1. Tax free for up to 3 houses till end 2021 Plus stamp duty free for house buyers
This will spur purchase of both houses and condos and also factories
Lots of plywood will be needed as pillar and wall and floor formers Timber is cyclical mah....!!
Look at the longer term investment feasibility mah...!!
Today down....tomorrow will be up mah...!!
U cannot keep timber price low for long mah...!!
When timber price recover....wtk being one of the biggest producer will be the largest beneficiary loh...!!
Wtk is ready mah...now they just curtail production to conserve resources mah...!!
Posted by Mikecyc > Jun 15, 2020 9:21 AM | Report Abuse
Lumber decreased 52.10 USD/1000 board feet or 12.81% since the beginning of 2020, 354.60 USD/1000 board feet according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity.
Lumber is expected to trade at 332.30 USD/1000 board feet by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trader at 273.47 in 12 months time.
The lowest ard MCO time is about USD 250 .
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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....
stockraider
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Posted by stockraider > 2020-06-14 20:37 | Report Abuse
Malaysia Palmoil likely to do well loh...!!
Posted by AlexChiaWS > May 16, 2020 4:37 AM | Report Abuse
KUALA LUMPUR (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives would likely trend higher next week on expectations of higher demand from India and China, as Malaysia has lowered its export duty on palm oil to zero per cent for June, the Malaysian Palm Oil Board (MPOB) said.