Soon, media, analyst, bank all coming Bank will start buy call, rerating on wzsatu on improvement of earning deriving from bauxite concession
An extract from HLIB Retail Research dated 19 Feb 2019 – under the caption -
Putrajaya lifts moratorium on bauxite mining in Pahang
we believe with the uplifting of the bauxite mining ban, we may anticipate the bauxite operators like WZSATU could warrant a strong upsurge in trading interest, setting a potential limit up opportunities. To recap, in FY15, the mining segment garnered RM18.5m of profit after tax. In 4Q18, WZSATU has written off its mining assets amounted to RM14.4m and company management mentioned that it would write-back these impairments should there be an uplifting of the bauxite mining moratorium and export ban.
the lifting of the moratorium meant that the existing stockpile of 435,000 tonnes of bauxite at the Kuantan and Kemaman ports must be cleared by March 31.
Pease DO NOT follow new comers comments. After checking their comments history, I notice these guys are commenting for the first time in this counter. I agree with low9399 - Pls show or share yr evident to support yr sence.
The new come miss the boat then they want to ride the boat same price during the consolidation 0.21, so they keep scaring newbies for selling the shares . They are really bad heart
Actually wzsatu bad time already over now is the fruitful time with reasons : 1. Bauxite mining restart soon and wzsatu will be the first contractor getting the permit since they are from royal family and the permit approve by state government.
2. Wz will definitely getting ecrl pahang package since wz was royal family shares. China contractor no choice must give face. For info pahang route shall start this year.
Wow. Well said bro. Can definite the word “soon”? U said is gonna restart soon and this and that. How soon is “soon” 1 week? 1 month? 1 years? Or 10 years?
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gsrajan
109 posts
Posted by gsrajan > 2019-09-12 06:24 | Report Abuse
targetinvest comment -
Soon, media, analyst, bank all coming
Bank will start buy call, rerating on wzsatu on improvement of earning deriving from bauxite concession
An extract from HLIB Retail Research dated 19 Feb 2019 – under the caption -
Putrajaya lifts moratorium on bauxite mining in Pahang
we believe with the uplifting of the bauxite mining ban, we may anticipate the bauxite operators like WZSATU could warrant a strong upsurge in trading interest, setting a potential limit up opportunities. To recap, in FY15, the mining segment garnered RM18.5m of profit after tax. In 4Q18, WZSATU has written off its mining assets amounted to RM14.4m and company management mentioned that it would write-back these impairments should there be an uplifting of the bauxite mining moratorium and export ban.