well, outdated new? Mar2015 is not really outdated. Just last quarter only. This can be area for you to think further why CFO wanna resigned? Don't be negative. We need to judge Risk and Strength mah of a company.

well, of course Icon bro. In my point of view, the management quality better for companies you have mentioned. See my GSB holding up well.

asdion wb good entry now

hoho, this yr for sure as announced earlier

just buy and don't ask, since ppl comment also cannot comment

Q1''2015 Analysis



•From the diagram above, overall performance of WTK is not well.

•Drawdown of trade financing facilities with amount RM 51,937,000 make the positive financing cash flow result.
•Highlight of profit before tax compared with Q1''2014

1.Revenue of Q1''2015 has a drop of 5.79%.
2.Net profit recorded worst with drop of 65.20%.
3.Oil and Gas's RM 180,000 revenue produce RM 1,650,000 profit before tax and this profit contributed 22% of total profit in Q1''2015. This was derived from the provision of Accommodation Workboats (AWBs).
4.Timber recorded drop of 61.70%. This was mainly due to continued wet weather condition and festive seasons.
5.Plantation's loss increased by RM1,791,000. Mainly due to insufficient fresh fruit bunches production volume coupled with weak (Crude Palm Oils) CPO prices to cover the operational costs.
6.Manufacturing and trading segment also had a drop with 49% and 11% respectively. Mainly due to the reduced volume for foil products.

•Fong SiLing (冷眼) was acquired 5,000,000 or 1.05% of shareholding in year 2015.

•Reason of Fong SiLing is shareholder maybe he is looking good for the new step in oil & gas industry of WTK.
•Datuk Wong Kie Yik who is the Chairman of BOD is keep buying the WTK shares. He was acquired total 534,000 shares with average price of RM 1.12 from 9 Jan until 17 Jun 2015.
•Company has an action of share buy back on 3/3/2015 with 10,000 shares at RM1.17.

WHY RAIDER THINK IS POSITIVE ?
BCOS OF HUGE UNDERVALUATION LOH......!!
THE TIMBER PRICES ALSO MOVING UP MAH....!!

Data Analysis

•Free cash flow yield, CY is less than the fixed deposit rate in Malaysia. So not attractive on CY.
•Average growth rate of EPS in 5 years is around 19% but EPS's CAGR get depressed result with 6% annually.
•Profit margin is not stable upheld in each year. And less than 10% net profit in every sales.
•WTK's business activity is not stable due to profit in fluctuation condition; sometimes its result is worse than last years.
•Dividend payout is maintained at above 20% of net profit.
•Cash of company is accumulative and surpass level of RM 300 million. Its cash per share is worth RM 0.65. This is approximately 62% of its shares price.
•Company's free cash flow is low enough due to it is keep expanding its business by acquire new fixed asset.
•WTK such a cash cow company, its market capitalization is worth RM 500 million but it is holding around RM 313 million of cash.
•On the other hand, WTK's total borrowing is almost same amount with cash in company. It’s borrowing per share same as cash per share with RM0.65.
•So, by deducted cash with borrowing, WTK is left RM 291 million of debt. It is net debt company.
•WTK's share price is pretty stable along the years because it is around RM1 and the average closed price in the end of year is RM1.17, higher than the current price.
•RHB-OSK is giving the target price with RM1.15.
•Due to its shareholder equity very high, my account based earning valuation model giving WTK with higher intrinsic value of RM2.16, this is 52% margin of safety.
•NTA is higher than the current price now, there are different of RM1.71 or 162% between both. Quite high on it.
•With the latest 4 quarter of result, current PE is 15.73. This is around the average KLCI PE.
•DY is not attractive due to very low.
•ROE of company is very little with 2.87% in year 2014. This is due to high equity and low profit of company. Management maybe not using the equity efficiently.

Annual Report 2014 Analysis

•There are 6 division of WTK, which is Oil palm/ forest plantation, Timber, Tapes, Foil, Property and Oil & Gas.

•Revenue and net profit has a decreased of 5.3% and 21.2% respectively compared with previous year.
•Director explained mainly attributed to the loss sustained in the Group's oil palm plantation and weak contribution from the packaging division.
•Timber division is lower by 2.8% compared with previous year. Due to high consumption tax in Japan, there is a drop of 10% in the sales volume for plywood.
•Due to write off previously capitalized cost and charge related expense for these matured area, oil palm division recorded pre-tax loss of RM9 million.
•Packaging division (manufacturing of tapes and foil)'s revenue also had a drop of 15.5% compared with previous year.
•WTK's timber division performance is guided generally by the Japanese housing.
•Company remain "cautiously optimistic" of prospects in Japan and confident for the boost plan for infrastructure, construction and services in India.
•WTK's planting programme expected completed by 2018.
•WTK also confident for the new step of participation in oil and gas industry.
•The receivable is decreased with RM 66,862,000; this is a pusher on cash of WTK.
•WTK may be using the cash from debtor to purchasing inventories and acquisition of subsidiary.
•The new subsidiary acquired is named Alanya Marine Ventures Sdn. Bhd (AMV). WTK is using cash amounting up to RM38, 250,000 and the issuance of 43,331,164 new ordinary shares at issue price of RM1.30.
•WTK venture into the oil and gas industry via AMV’s interest in Nautical Returns Sdn. Bhd (NRSB).
•Director confident about the NRSB able to achieve minimum profit after tax of RM 10,945,268 and RM 17,189,198 in year 2015 and 2016 respectively
Q1''2015 Analysis

They have no competitive advantage once out of Malaysia. This type of company can't grow globally. Don't waste time lah. And biz not recurring, not like IPP,

Leecuteguy, all written in Asdion wb thread

Good sharing.

I alredi lock in profit. Enough for Jap av porn shoot8ng. According to them, 5000 can have own customised av with any av star you like. Dunno true not. If can slowly sell my 95k remaining, then can F for many times, song

Busy accumulating Asdion WB. When it surpase to 1.00, see who is better investor.

I have given tips openly! Asdion WB in deep discount. Conver after all cost ARD 1.20, now MKT price 1.50. I have lock in 30% margin of profit. Decision is you all to make! I am into second round now! If successfully done, 60% eill be my profit. Then consider my job this yr done.

Osk no longer attractive. As it is now holding company.

I am talking with facts. Who said I negative? You have biase perception. Just because I do not comment well on your stock, you said me negative.

I pity some only, I earn 30% over in Asdion liao. see you all suffer , I offering help

I am pointing risk only. no need call me idiot, Ravi. you aint smart either

property slowing down, sell!!!! Avoid!!!

ok, my mistake, just buy SIGN. as following Value Partner....without doing own homework. go buy lah.....I tired buying ASDION-WB

WHY? I hold more than 5% and I will not accept lor

and my sexy teries ask me buy MORE!!! SO SEXY

vALUE PARTNERS? I HAVE HIGH RESPECT! BUT they are making wrong decision

will not success

MUST THANKYOU MALAYSIA MKT FOR IGNORANCE TO GIV EME CHANCE

haiho~~haiho, starting my 2nd round!!

If successful, ASDION-WB alone give me 60% over return in 1 month times. BEST performance so far in my record in such short period in time!!! phewwwwwwwwww

ask yourself loh, why after so many years, SIGN still in Malaysia? not expanding? Busy playing shares mah, where got time go outside Malaysia do biz aggressively.

who else lah. This stock big holder is like OSK loh. BUSY PLAYING SHARES INSTEAD OF FOCUSING ON GROWING BIZ.....

if not blow water. you want blow jxxx?

go where? Holland? you go yourself

Revenue DOWN! BUT PROFIT UP! DUE TO?? MYR WEAK LOH....be careful on such stock

TheGrouprecordedarevenueofRM26.1millionforthefirstquarterended31March2015.Thisis12.4%lowercomparedtotheRM29.8millionofrevenuerecordedincorrespondingquarterinyear2014.Thereductioninrevenuewasduemainlytoreductionincontractmanufacturingbusiness,acontinualeffectduetochangeofprocurementstrategyofamajorcustomerasannouncedinyear2013. Nonetheless,theGrouprecordedaprofitbeforetaxofRM4.8millioninthecurrentreportingquarter,whichisRM4.4millionhigherthanthereportedRM1.4millionprofitbeforetaxinthecorrespondingquarterinyear2014.ThiswasmainlyattributabletotheGroup'seffortsinstreamliningandright-sizingtheoperationsandtheresultsoffocusingonhighermarginsprojects.TheincreaseinprofitbeforetaxwasalsopartlycontributedbyforeignexchangegainofRM1.6millionrecordedinthecurrent quarter, as a result of strengtening of the US Dollars against Ringgit Malaysia.

TheGrouprecordedrevenueofRM26.1millionforthecurrentquarter,areductionof15.5%comparedtoRM30.9millionrecordedintheimmediateprecedingquarter.ThiswasduemainlytolowerordersduringthefestiveseasoninQ12015andtheGroup'scontinuedeffortsinphasingoutlow margin projects.TheGrouprecordedaprofitbeforetaxofRM4.8millionforthecurrentreportingquarter,anincreaseofRM0.4millioncomparedtoRM4.4millionpostedintheimmediateprecedingquarter,thiswasduemainly to the increase in interest and investment income and increase in foreign exchange gain.

why u all so concern on shorterm pprice? look future!!! next yr ending at least. haizzzzzzzzz

CFO RESIGN....not good sign

told you all!! IT WILL RETRACE back below 2.80 soon! then toward 2.50 when FED RAISE RATES IN SEP!!!

YOU SEE, ME and fortunebullz think alike! Furnitures overbought liao, now TECH--LCTH, JCY!!!

WOW! HIGHEST VOLUME THIS YR!

chance to buy now! it will move toward 0.90 very SOONNNNNNNNNN

walao, probably you memang rich! but not so smart!
See! buy Asdion-WB lock in 30% like me mah.

Property slow down mah, so don't allocate too much mah.
But Gadang, can buy mah! Wait till next yr RM2 mah

never! everyone moving out o fMalaysia, JVC, etc

haha, I did not blame anyone on this did I? So surprise fortunebullz respond, lucky no flag for you....

I only said fortunebullz recommend this mah. good recommendation mah, I also buy more now 0.23 mah, later IMAGO rental come in double to at least 0.30 range mah.

Why so defensive?? I make comments based on facts lah. Like Asdion-WB can buy mah, SIGN alredi up and property dead, so sell mah

what?? I buy following UncleZ

surprising still can get around 1.40, UncleZ buy, Cold eye buy, I also BUY!

profit sui sui.............RM5K, another RM95K coming

seems like its talk around Penang make effect

no volumes, fake news

see!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4805737

Ask tht Dr. Casino go return us money! not spend in his poor running casino with so many prostitutes...............

POOR GOVERNance............