Sarawak losing wood market share to Indonesia, WTK says
BUSINESS Tuesday, 09 Jun 2020
KUCHING: Sarawak is gradually losing its logs and plywood market shares in key India and Japan markets as it could not compete with Indonesia and some other Asean timber producing countries. According to WTK HOLDINGS BHD
, Indonesia and other Asean countries have competitive edge over Sarawak because of favourable policies and strong government support they have received.
Timber companies have complained that their production costs have spiralled further due to increase in minimum wages as logging and plywood manufacturing are labour intensive.
India is traditional key importer of Sarawak round logs and lumber products for decades.According to WTK, all woodworking industries in India have stopped operations due to the lockdown measures to manage the pandemic. On its plywood business, WTK said its revenue had dropped by 11% in 1Q2020 from a year ago as the average selling prices of plywood products had declined about 15% during the same period due to price competition from Indonesian and Japanese plywood producers.
Q2 : April to June will be worst due to MCO , CMCO , RMCO . IDSS n PDT are suspended since end March to June 2020 . Housing loan and car loan payment is postponed until September2020 . Wait for the 2nd Q GDP result.
Wah mikec you are expert as I on wtk. Good man! How many lots you got on wtk. Looks like you ciak beg liau. So how long we have to wait wtk run upwards. What's your target price for wtk!
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 > 2020-06-25 20:05 | Report Abuse
Mikecyc should also ask this most important question
Why should people use hand sanitizer?
To kill covid 19 of course!
So mikecyc is the covid 19 of i3 forum
ATTENTION ALL
BETTER DELETE ALL POSTS BY MIKECYC AKA HIDING BEHIND FAKE ID JOHNCHEW5, JJOHNCHEW, VICENT2002 & CMHOON!!
PROTECT YOURSELVES NOW! NOW!! NOW!!!