Posted by stockraider > 2020-07-02 10:32 | Report Abuse

Wahaha

I added more today

Wtk was engineered to go down due to internal squabble

Long ago KFC also got swabble

Jcorp took private KFC one day

Wtk like Weida could be privatised

Long ago Calvin also bought Weida around 30 plus sen and later Weida was taken private at Rm2. 20

Sifu Dr Neoh Soon Kean sold his TDM but keeping Wtk realty

Coldeye also sold his jtiasa

Sifu Dr Neoh holding Wtk tightly

Posted by bulldog > 2020-07-02 10:50 |

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Posted by stockraider > 2020-07-02 11:12 | Report Abuse

Target Price: RM0.440, RM0.455
Last closing price: RM0.410
Potential return: 7.3%, 10.9%
Support: RM0.385
Stop Loss: RM0.375
Possible for recovery. WTK is attempting to pick up its prior uptrend following recent pullback. Slightly improved RSI and MACD indicator currently signals reasonable entry level, with anticipation of continuous improvement in both momentum and trend in the near term. Should resistance level of RM0.420 be genuinely broken with renewed buying interest, it may continue to lift price higher to subsequent resistance levels of RM0.440 and RM0.455.

However, failure to hold on to support level of RM0.385 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 2 Jul 2020

Posted by bulldog > 2020-07-02 11:15 |

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Posted by stockraider > 2020-07-02 11:18 | Report Abuse

Wtk momentum is pushing upwards everyday mah...!!

Just buy b4 it explode upwards loh...!!

It is coming loh...!

Posted by winefficietly > 2020-07-02 11:42 | Report Abuse

Based on the financial statements for 31.12.2019, the Group cash and bank balance stood at RM383.16 mil whereas total issue shares is 477,474,000 shares. Current share price of RM0.420. Hence, total market capitalization RM200.5 mil.
That mean, even with cash and bank balance higher then the market capitalization.
A good case study for potential investors

Posted by bulldog > 2020-07-02 11:55 |

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Posted by bulldog > 2020-07-02 15:17 |

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Posted by dompeilee > 2020-07-02 15:52 | Report Abuse

Added more WTK @ 41-42c

Posted by bulldog > 2020-07-02 15:56 |

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Posted by stockraider > 2020-07-02 16:10 | Report Abuse

Mari...mari...mari....!!

Wtk sudah mari loh.....!!

$$$$$$$$$$$$ coming mah....!!

Posted by bulldog > 2020-07-02 16:12 |

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Posted by bulldog > 2020-07-02 17:34 |

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Posted by stockraider > 2020-07-02 18:03 | Report Abuse

Please take note that wtk share price is going up everyday mah...!!

Some savvy investors are accumulating loh....!!

Posted by bulldog > 2020-07-02 19:47 |

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Posted by Mikecyc > 2020-07-02 21:57 |

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Posted by stockraider > 2020-07-02 22:14 | Report Abuse

If u invest in Wtk u really sleep well bcos it has the highest margin of safety and quality mah...!!

U cannot go wrong investing in plantation near growing city like MIRI the 2nd largest city in sarawak and near a rich Brunai just a stone throw away mah...!!

Brunei people come to Miri to shopping and entertainment during weekend. Miri people will drive to Brunei to enjoy cheaper Sushi , and top up petrol which is cheaper.

Timber is cyclical mah....!!

Today down....tomorrow will be up mah...!!

U cannot keep timber price low for long mah...!!

When timber price recover....wtk being one of the biggest producer will be the largest beneficiary loh...!!

Wtk is ready mah...now they just curtail production to conserve resources mah...!!

In short Wtk is a screaming buy with very positive catalyst loh..!!

Instead of chasing growth like hot gloves sector...it is time we look into contraian cheap deep undervalue stocks like WTK to diversify your risk profile mah...!!

Wtk potential return may not be less than any gloves stock going forward bcos of its deep undervaluation & margin of safety mah...


Posted by Mikecyc > Jul 2, 2020 9:57 PM | Report Abuse

MTC 2019 :2020 Comparison of January- March Export of Major Timber Products in RM Million:

1. plywood : 858.5 -15.2 %
2. sawntimber : 670 -21.9 %
3. fibreboard : 225.2 -22.2 %
4. mouldings : 186.8 -17.0 %
5. logs : 152 - 17.8 %
6. veneer : 32.7 -35.2 %
7. wooden frame : 22.6 -30.7 %

Posted by bulldog > 2020-07-02 23:00 |

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Posted by bulldog > 2020-07-02 23:02 |

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Posted by Mikecyc > 2020-07-03 06:24 | Report Abuse

MTC 2019 :2020 Comparison of January- March Export of Major Timber Products in RM Million:

1. plywood : 858.5 -15.2 %
2. sawntimber : 670 -21.9 %
3. fibreboard : 225.2 -22.2 %
4. mouldings : 186.8 -17.0 %
5. logs : 152 - 17.8 %
6. veneer : 32.7 -35.2 %
7. wooden frame : 22.6 -30.7 %

Posted by Mikecyc > 2020-07-03 06:25 |

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Posted by Mikecyc > 2020-07-03 06:27 | Report Abuse

FY19 audited annual report:

LoyTape sales is down :

Tapes Division (Manufacturing and Trading)

The division registered a revenue of RM66.0 million in financial year ended 31 December 2019 as compared to RM67.9 million in the preceding year, a decrease of RM1.9 million or 3%, mainly due to reduction in domestic sales revenue as a result of price competition from local competitors. Accordingly, the performance of the Group’s tapes division for the current nancial year was lower as compared to financial year ended 31 December 2018.

Posted by Mikecyc > 2020-07-03 06:28 | Report Abuse

Gearing Ratio : 0.786

As at 31 December 2019, the Group had cash and bank balances of RM383.2 million (2018: RM384.2 million), whilst bank borrowings and payables amounted to RM301.1 million (2018: RM331.5 million). Accordingly, the Group recorded a positive net cash position as at 31 December 2019.

Posted by Mikecyc > 2020-07-03 06:29 |

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