Icon8888 Gossips About Stocks
(Icon) WTK (2) - Excellent Results
1. Introduction
I first wrote about WTK in February 2015.
http://klse.i3investor.com/blogs/icon8888/70591.jsp
Since my article was published, the group has disappointed investors by failing to deliver good results despite benefiting from weak Ringgit.
As a result, its share price has been stagnant. The stock closed at RM1.23 last Friday, more or less the same level when I first wrote about it in February.
However, it is better late than never. The company finally delivered a sterling set of results on Friday. Monday will be a happy day for its shareholders.
2. Past Few Quarters Performance
The group's past few quarters' performance is set out in table below, which is self explanatory.
In this latest quarter, the timber division really shines, with PBT increasing by more than 100% q-o-q. This is consistent with other industry players.
Balance sheets remained strong. With net assets of RM1.35 billion and net loans of RM11.7 mil, net gearing is negligible at less than 1%.
3. Concluding Remarks
According to various analyst reports, timber industry is expected to continue to do well going into 2016 (sorry, I have not kept any report that can be cut and paste in this article. But you can refer to RHB Investment Bank's report, if I remember correctly). I expect WTK's timber division to continue to do well going forward.
The plantation division is a dark horse as 11,000 hectares had already been planted. Those estates are only starting to produce (latest quarter revenue RM2.2 mil only). Going forward, this division will be a material source of growth.
If after reading this article and you still don't feel comfortable to invest in this company, please don't force yourself to buy.
Because I want to buy more on Monday.
Have a nice day.
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Discussions
1 person likes this. Showing 16 of 16 comments
Stop spreading lies. Icon8888 has been duping everybody and front running
2015-11-29 15:50
Icon8888, you are such an irresponsible person. Karma will strike back on you. It is no wonder that you are making losses on your investments
2015-11-29 15:51
icon8888, with limited fund, i should choose the most beauty wife to marry. i found that ta ann have better profit margin & DY & more mature tree compare to wtk. correct me if i am wrong.
2015-11-29 16:14
EPF increasing its stake in Taann from 6++% last year to near 10% currently and Taann may be suitable for Sarawak Election theme.
2015-11-29 16:40
i used to trade this stock and its price seems cyclical always range between 0.90 and 1.40 (sometimes 1.60 high) over the years
2015-11-29 16:41
what rubbish is this article about? WTK is obviously going to decline in the next 12 months.
2015-11-29 19:04
To give rubbish comment is always easy, just say it only, give your point is good enough, but Spitting at people is unacceptable & Kurang ajar.
2015-11-29 19:17
Worse still, talk without point is meaningless & useless, DannyTan, where is your point?
2015-11-29 19:19
i got both, actually i hv more Taann than WTK, but the latter outperform.
In 股市, u can 三妻四妾
2015-11-30 08:10
dannytansiongkee, scolding others rubbish didn't make yourself look good... you don't need to be that harsh...
2015-11-30 13:04
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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....
Ricky Kiat
icon8888, do u compare with Ta ann, which company is better ?
2015-11-29 15:30