WTK has been trading above its upward sloping 20-Day Moving Average which is a good sign. The support and resistance level of WTK are 1.39 and 1.46 respectively. The indicator analysis on RSI is not exhibiting any extreme condition. Watch out for the 30% and 70% levels which indicate any oversold and overbought condition respectively.
Remember WTK is not only a timber counter. It has palmoil as well.based on my source palmoil plantation contribute 30% to its profit and growing too. Wtk nta is already rm 2.60 before revaluation, that is before revaluation of its assets.
if u take into account the hidden reserve, it is something like rm 5.00. it is a steal at this share price.
Looks like timber theme in play now, Jtiasa, Taan, Subur up few days already even when market drop 10 points, some small timber player like Seal , Leweko, Ekson, Java, BTM also going up.
So i believe the timber theme is warming up b4 running at full speed, WTK n PANSAR coming soon
MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
WTK HOLDINGS BERHAD
Type Announcement Subject MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER) Description 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 March 2014 were as follows:
It is still in mid term uptrend since last year april, downside is very limited but upside is very high, at least 1.5x coming. This company back by strong fundamental and solid earning.
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....
tjhldg
27,218 posts
Posted by tjhldg > 2014-04-01 19:20 | Report Abuse
hehee ... how big is your lorry : ) 1 lorry = how much ni ? tj park 1.5 container in this counter since 2013