Posted by tksw > 2015-05-14 16:19 | Report Abuse

die lor, die lor, WTK　109 liao. Illegal logging dunno involved or not?

Posted by jolie2 > 2015-05-15 09:18 | Report Abuse

WTK = What The Kayu is this ? No up, but down only. Better run.

Posted by hippo8 > 2015-05-15 11:01 | Report Abuse

RHB lift the TP to 1:15 on 27th April, time to collect.

Posted by tksw > 2015-05-15 19:23 | Report Abuse

sei for lor I bot 107 it drop to 105

Posted by hippo8 > 2015-05-15 21:48 | Report Abuse

i bot 1:38 .. why heavy selling today ? any news ?

Posted by imoogi99 > 2015-05-15 22:12 | Report Abuse

All loggings/timber company affected by the investigation by MACC in Sarawak.

Posted by Eelyn Soon > 2015-05-15 23:41 | Report Abuse

dun buy liow.. got bad news... i cut with a 2 cts loss..

Posted by mathewsiau > 2015-05-17 23:56 |

Post removed.Why?

Posted by asriruslan > 2015-05-20 09:04 | Report Abuse

Technically, it is not looking good for WTK as its 20-Day Moving Average is sloping downward and its price action is below the Moving Average line. Furthermore the support level is still quite far away at 0.955.

Posted by asriruslan > 2015-05-20 09:05 | Report Abuse

stay away

Posted by tksw > 2015-05-20 10:03 | Report Abuse

asrirushan sifu, say ealier mah, I bot already...

Posted by tksw > 2015-05-20 12:10 | Report Abuse

rojak123 sifu, I cannot run.

Posted by Taugeh > 2015-05-20 15:56 | Report Abuse

swim along the River - Rajang..will buy at 0.89

Posted by Taugeh > 2015-05-20 20:47 | Report Abuse

no..0.79

Posted by Taugeh > 2015-05-20 20:49 | Report Abuse

cash is king

Posted by tksw > 2015-05-21 20:20 | Report Abuse

Taugeh sifu you dun scare me lar...

Posted by cooling > 2015-05-25 00:14 | Report Abuse

wtk will become penny stock tomorrow....

http://www.sarawakreport.org/2015/05/action-on-corruption-at-last/

Posted by tksw > 2015-05-25 09:06 | Report Abuse

cooling, you fast fast sell la, then

Posted by paperplane2 > 2015-05-27 11:44 | Report Abuse

buy like no tomorrow??

Posted by 鬼 > 2015-05-28 23:29 | Report Abuse

asriruslan, i advise you to attend the AGM before making further comments/decision. Thank You

Posted by asriruslan > 2015-05-29 09:07 | Report Abuse

yes i agree with u.

Posted by spinoff > 2015-06-19 16:14 | Report Abuse

WTK

Why Bargain Exist?
14 October 2014 drop RM1.20 (previously around RM1.40)
1 Dec 2014 drop RM1
13 May 2014 drop RM1

Above situation mainly due to Alanya Marine Acquisition by issue 43.3M new ordinary shares (23 Dec 2014), about 10% outstanding share.
Partly due to investor too focus on timber future prospect (legal claim or potential tarik lessen).
Actually, this is NOT a bargain share.
Cold eye bought it because he can see the future of company (business insight) just like the reason he invest in POHUAT, Furniture Company to export good to overseas. (US housing grow, increase US currency)
He aims the plantation business to show profit!

DOWNSIDE PROTECTION
Outstanding share: 481M
Price: RM1.08/share
MC: RM520M
Based on Annual Report 2014,
Current asset (536)-all debt (450) = 86M [confirm value]
PPE (bank guarantee value, note 13) = 255M [confirm value]
Balance value: 179M
Timber PBT (e.g project area within License No. LPF/0032, note 13): 35M [less confirm value]
Palm oil : 86.4M [less confirms value, 2016E]



Palm oil Analysis
Assume CPO price: RM2300-2600
Production cost/ton: RM1300-1600
Monthly production FFB: 3000 mt
Total production/year: 36,000 mt
炼油率：20%
Profit/ton: RM800
PBT: 36,000 mt x 0.2x RM800=RM5.76M
Palm oil value: RM5.76M x 15= 86.4M

RISK
1) Potential Tarik Lesen
But at least take few years to proceed (appeal to high court).
2) Potential legal claim
-S17(a) & (b) MACC act [5x nilai rasuah]
-S4(1) Anti-money laudering, Anti-Terrorism Financing and Proceed of unlawful activities Act 2001 [Less than 5M]
-Forest Bill 2015 [less than RM500K]
3) Potential Cash burner machine: Alanya Marine Acquisition
Paid RM89M for 49% ownership
Means 182M with potential PAT 11M [EV/PAT 16.5]
4) Bad Management Wrong Decision
Continue invest in losing money business such as oil & gas, forest plantation
But, it will be less likely to happen because high insider ownership 30.76%. However, still need to monitor management investment decision.



UPSIDE
You pay RM520M worth for timber business and FREE plantation business.

Plantation Business Value at least worth 86.4M with a huge potential above 265M (palm oil biological asset value)
NTA RM2.79, P/NTA=0.38
Goal to be P/NTA 1


Data source: http://tengkhan.blogspot.com/2014/05/wtk.html publish on May 4, 2014
冷眼分享集: 怎样投资种植股？
2010/12/18 1:11:57 PM
●冷眼 股市基本面大师

产量树龄息息相关

但必须注意，油棕园的鲜果产量与树龄息息相关。

油棕种下后第三年开始结果，但产量有限，油棕园还是无利可图，要到第五年才能达到收支平衡。故由买地到种下后的第五年，油棕园都是亏本的。亏本来自维持开 支，包括除草、下肥、劳工等开支。

油棕种下后第三年就被列为“成熟”树，实际上还是没钱赚，要到第五年才略有盈利，这还要看原棕油的价格而定。

由第五年到第廿五年，盈利不断，但盛产期是由第七年至第十七年之间的十年，产量最高，如果原棕油价格挺秀的话，园主必然捞得盆满钵满，故园主对7-17最 有好感。
source: http://peng01.blogspot.com/2010/12/blog-post_2093.html

SIGNAL
Fong siling bought NEW position RM5M (around RM1/share) in this company. [VERY BIG POSITION, normally only 1-2M]
Datuk Wong Kie Yik, Founder recently bought 420,000 share (Jan-June 2015) average price RM1.05/share. (Annual salary RM135k)
Datuk Wong Kie Yik seldom buy share use his name except on 2001 year only (from 1999-2014).

Posted by Danny Kc > 2015-06-26 20:24 | Report Abuse

3.66%

Posted by Tan Sze > 2015-07-20 10:11 | Report Abuse

any news ?

Posted by anai anai > 2015-07-20 11:06 | Report Abuse

very undervalued timber stock. NTA RM2.64!

Posted by force > 2015-07-20 11:17 | Report Abuse

My friend work in this field. He tell me this company got licence problem. Anyone know?

Posted by Danny Kc > 2015-07-20 11:36 | Report Abuse

today up so much, any news??

Posted by force > 2015-07-20 11:59 | Report Abuse

Many people want to sell on hand stock... y

Posted by force > 2015-07-20 20:06 | Report Abuse

I out this counter 1st... sarawak trouble la... good luck

Posted by yapts > 2015-07-21 11:24 | Report Abuse

Export all in USD benefits WTK.

Posted by force > 2015-07-27 21:10 | Report Abuse

Will more and more ppl join us due to Malaysia economic not good, today all hot stock drop due to currency 1US change MY 3.816...

Posted by red_85 > 2015-07-29 03:08 | Report Abuse

china man company, big man still accumulating the stock..once he sapu enough, good news will come to push it higher for him to double/triple his wealth

Posted by force > 2015-08-10 10:25 | Report Abuse

Keep accumulate else is too late

Posted by jolie2 > 2015-08-10 10:49 | Report Abuse

still too early to buy. Can drop to 0.90 soon in this bear market.

Posted by force > 2015-08-10 11:19 | Report Abuse

Not really... this company got many strong support...

Posted by force > 2015-08-10 20:36 | Report Abuse

Where is wtksupportor... long didt see

Posted by force > 2015-08-12 09:33 | Report Abuse

Must be a good news else y early morning already got many ppl accumulated

Posted by force > 2015-08-12 10:18 | Report Abuse

Someone want to press price

Posted by yennie1125 > 2015-09-14 09:33 | Report Abuse

something good new will happen in this counter. look forward

Posted by wploun > 2015-09-15 10:53 | Report Abuse

Banker cumulate & soon good new come.............

Posted by asriruslan > 2015-09-15 15:05 | Report Abuse

time for accumulate

Posted by Ivan89 > 2015-09-15 20:18 | Report Abuse

Fong siling still holding 5m wtk?

Posted by red_85 > 2015-09-17 01:02 | Report Abuse

yea..he still hold tight tight..wtk always got big volume change hand, something brewing..hopefully there is a good news soon!

Posted by yennie1125 > 2015-09-17 10:27 | Report Abuse

the news is now japan disaster heavy flood ,many house damage ,so they need more plywood this is main news ,same 2011 tsunami all plywood counter fly double price, look at history, this is my opinion why I bought wtk,

Posted by yennie1125 > 2015-09-17 10:37 | Report Abuse

broker house not yet research ,time to buy in .
tsunami 2011 japan wtk up 2.11 very active,

Posted by kakashit > 2015-09-17 10:53 | Report Abuse

wtk still the best among logging stocks, which has lowest ration of palm oil biz, lengyan's top holding after Pohuat, July logging quantity record high, Sarawak Illegal logging crackdown silence dy, I'm in WTK at .94.

Posted by yennie1125 > 2015-09-17 11:04 | Report Abuse

2011 I bought less than rm1 that time not yet happen tsunami actually I so lucky. after 1 week suddenly happen disaster ,so sad,
after that broker house start point plywood counter ,during 2 week up 100% I gain and get small house.

Posted by yennie1125 > 2015-09-17 11:14 | Report Abuse

year 2020 japan Olympic they need many plywood ,wtk export many plywood to japan .demand more than supply .

Posted by birkincollector > 2015-09-22 14:57 | Report Abuse

lai liao

Posted by paperplane2 > 2015-09-22 14:57 | Report Abuse

wah! sifu buying