Dear Friends of i3 Forum,

Quietly and without fanfare WTK is slowly transforming itself into A Value Growth Stock

We see both Deep Value & Strong Growth Ahead

That is why we are bullish

And here are the Salient Factors for WTK

1) WTK Results Show Positive Signs

Refer Bursa

From above we see

WTK Qtr to Qtr revenue up from Rm108.2 Millions to Rm158.9 Millons

Or up by  Rm50.6 Millions (Up 46.8%)

It earned 1.14 this Qtr

Annualized 1.14 X 4

= 4.56 sen

At current price 49 sen

Its P/E is 10.74

NTA is Rm1.65

And at 49 sen

It is selling at only 29.6% of NTA Value

From all 3 Yardsticks WTK looks very attractive 

Now let us go further

2. WTK FFB, CPO & OTHERS ALL INCREASED AFTER ITS LAND PURCHASE

										14,125.00
 

										10,297.00
 

										37.00
 

										26,424.00
 

										13,587.00
 

										94.00
 

										59,925.00
 

										40,204.00
 

										49.00
 

										109,195.00
 

										62,574.00
 

										75.00
 

										3,018.00
 

										2,312.00
 

										31.00
 

										5,582.00
 

										3,049.00
 

										83.00
 

										89,816.00
 

										62,176.00
 

										44.00
 

										163,284.00
 

										107,288.00
 

										52.00
 

										14,125.00
 

										12,299.00
 

										15.00
 

										59,925.00
 

										49,270.00
 

										22.00
 

										3,018.00
 

										2,564.00
 

										18.00
 

										89,816.00
 

										73,468.00
 

										22.00
 

S’wak gives in-principle approval to Baram solar agrovoltaic initiative

BY JUDE TOYAT ON JULY 25, 2024, THURSDAY

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Abang Johari (centre) is seen during a photo call for the meeting.

KUCHING (July 25): The Sarawak government has granted in-principle approval to Planet QEOS’s solar agrovoltaic initiative in the Baram region.

The decision was made in a special meeting chaired by Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg.

A press statement from Planet QEOS said the project, which aligns with the Premier’s vision, aims to revolutionise renewable energy generation, address critical food security issues, and create thousands of new jobs in renewable energy and food technology within the Baram region.

“The Sarawak government has granted in-principle approval for Planet QEOS to conduct feasibility studies for generating between 500 megawatt capacity (MWAC) to 4000 MWAC of renewable power through solar energy in Baram.

“This approval paves the way for the swift commencement of solar plant construction,” said the statement.

It said the study will also include a dedicated 180km Green Energy Grid to be established along the decommissioned Sabah Sarawak Gas Pipeline.

The statement said this will will directly connect renewable energy from Baram to Tanjung Kidurong, Bintulu, ensuring efficient distribution and utilisation.

“The project’s ambitious vision includes the installation of up to 20 GWP (global warming potential) of solar capacity and potentially up to 40 GWh (gigawatt hour) of battery storage by 2030,” it added.

UEM Lestra, a key player in the renewable energy sector, has been introduced as the Phase 1 partner for Planet QEOS.

Their initial focus will be on developing 500 MWAC of solar agrovoltaic, which will seamlessly integrate with the main grid operated by Sarawak Energy Berhad (SEB), pending the conclusion of the feasibility study.

Phase 1 of the project represents a substantial investment of up to RM2 billion.

“We are very pleased to have the opportunity to present our proposal to the Sarawak government, and the Premier has agreed in principle to continue this project,” said UEM Group chairman Datuk Amran Hafiz Affifudin.

“We feel that this project will drive significant benefits for the Sarawak government, the people of Sarawak, and Malaysia.”

Planet QEOS chairman Dino Bidari emphasised the project’s core mission.

“This is Sarawak engineering at its best. We engineered the solar agrovoltaic with the primary goal of achieving greater wealth distribution among the people of Sarawak, specifically in Baram.

“By incorporating elements that enable economic participation from rural communities, we aim to create thousands of specialised and stable jobs over the next 30 years.

“The economic impact from land use is more than 50 times compared to oil palm. This allows minimal impact on rural land while generating significant economic benefits for the rural community. It’s a winning formula for the rural communities of Sarawak” he added.

Phase 1 of the project represents a substantial investment of up to RM2 billion.

3) “The economic impact from land use is more than 50 times compared to oil palm

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Now let us go look up WTK land assets in its Annual Report (Refer Bursa)

Lot 11

Dulit Land District 

Sungai Lamah Baram, Miri

6,071 hectares

Leasehold

(Expires in 2068)

Oil palm plantations, labour quarter, office, staff quarter, store, canteen and

workshop

Date purchased 5 May 2008* 

Age 14 years 

Book Value: Rm30,556,000

Ok we got the above figure extracted from WTK Annual Report

It has 6,071 Hectares worth Rm30.556 Millions

To get Acres Multiply 6,071 hectares by 2.471

= 15,001 Acres

To get cost per acre

Divide Rm30.556 Millions by 15,001 Acres

= Rm2,036 per acre

How much per sq feet

Divide Rm2,036 by 43,560

= 4.6 sen psf

About 5 Sen Psf Is Really Cheap

See

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Now see another even cheaper piece

(refer Bursa)

Lot 1 Block 3

Teraja Land District

Along Batang Baram, Miri

2,148 hectares

Leasehold

(Expires in 2071)

Oil palm plantations and labour quarters

Date purchased 31 December 2010*

Book Value Rm 2,737,000

2,148 hectares X 2.471 

= 5307.708 acres

To get cost per acre divide price 

Rm 2,737,000 by 5307.708 acres

= Rm515.6 per acre

To get cost psf divide by 43,560

= Rm1.1 Sen Psf

About 1 sen Cost Psf

May I know what 1 sen (Malaysia) can buy today?

In Baram WTK owns 22,000 Acres of Lands from 1 sen to 5 sen psf

That is How Undervalue WTK is

WTK was Rm1.20 together with JTIASA in year 2015/6/7 when Bplant & Thplant was Rm1.00 to Rm1,10 then

Ok let us pause here

Now go see WTK Forum

Scroll back to those exciting times of 2016

See all the comments extracted from WTK

 Posted by dompeilee > 2016-10-25 11:59 | Report Abuse

Very strong...1.11 absorbing sellers well & increasing Q...accumulation phase :D

Posted by hng33 > 2016-10-25 12:03 | Report Abuse

Resistance level become support level now :)

Posted by chrisyap > 2016-10-25 12:05 | Report Abuse

Explode ! Explode !

Posted by dompeilee > 2016-10-25 12:09 | Report Abuse

Volume building up at triple one....472,600 shares!

Posted by hng33 > 2016-10-25 12:11 | Report Abuse

paperplane2016 sure boh. Later surprise impairment you die

21/10/2016 11:56

Force I agree with paper plane, later impairment loss again...

21/10/2016 15:04

remark: pity to those curse these stock.....the consequence is clear ---->BACKFIRE

Posted by paperplane2016 > 2016-10-25 14:04 | Report Abuse

For Q32016, I can be sure that profit should be better if no surprises

 Posted by paperplane2016 > 2016-10-25 14:37 | Report Abuse

CPO now 2800, should be good for plantation in Q42016, so next yr report might look well

 Posted by tksw > 2016-10-25 14:45 | Report Abuse

whoaa... 112 already,

Posted by PitBulL > 2016-10-25 16:32 | Report Abuse

paperplane2016, what's the target price for this counter?

 Posted by paperplane2016 > 2016-10-25 17:16 | Report Abuse

NTA now 2.90, you figure yourself

 Posted by asriruslan > 2016-10-26 09:58 | Report Abuse

The support and resistance level of WTK are 1.08 and 1.12 respectively. It is observed that the MACD line of WTK is above the centreline indicating some degree of strength in the price movement.

Posted by asriruslan > 2016-10-26 10:28 | Report Abuse

need to break 1.12 to next resistance 0.1.16

 Posted by leelc70 > 2016-10-26 10:47 | Report Abuse

jia you wtk

Posted by tksw > 2016-10-26 14:47 | Report Abuse

sold a bit 111-112.

Posted by paperplane2016 > 2016-10-26 14:58 | Report Abuse

1.12 will be new LOW next yr. I think it will goes back normal range RM1.50-1.80

 Posted by asdf > 2016-10-26 15:39 | Report Abuse

My guess is 1.35 to 1.40 by year end.

Don't ask me for the reasons cause I don't have any.

Just guts feeling.

Anyone wants to make one's prediction?

(Above are extracts from comments posted by i3 readers in year 2016 when WTK was around Rm1.10 to Rm1.20)

Calvin comment on WTK

Jtiasa and WTK were both around Rm1.10 to Rm1.20 in year 2016

Lots of excitement in those times 8 years ago

(8 years? look like only few short years ago)

Due to the Collapse of Plywood demand & prices WTK share price sunk down to the low like now at only 49 sen

(WTK only got about 32,000 Acres Palm Oil as well as 32,000 Acres Timber)

However, lately WTK has switched to Palm oil just like Jtiasa. As of now WTK has over 55,000 Acres of Oil Palm and most are of very good productive age. As such WTK is a turnaround Play

WTK now 49 sen

See if it can break 70 sen level

Then move back up over Rm1.00

WTK is a misplaced and mispriced 2nd liner selling at penny stock level

With Warm Regards

Calvin Tan

Please buy or sell after doing your own due diligence or consult your Remisier/Fund Manager

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