Frankly, I am not too sure about the uptrend of this counter as financial fundamental wise is so so only but chart wise it shows uptrend thus bet at ur own risk
Although raider like wtk more, but raider would not say wtk better. Jtiasa has its strength too mah:
1) It is the largest timber company. 2) It got the highest hectare of palmoil plantation 3) It is the former market leader of timber company b4 Ta Ann took over.
With this few important point, Jtiasa is poise for market re-rating loh..!!
Btw raider also has exposure in Jtiasa loh....!! One thing good, if Jtiasa move up.. Wtk & Taann will move up too..!!
Better export logs and plywood average selling prices which in Ringgit terms were 41% and 26% higher though their respective sales volumeswere 31% and 9% lower, extracted from Ta Ann latest quarterly announcement, I guess it's time to re-rating for timber business
primarily involved in the extraction and sales of timber, manufacturing and sales of ply wood, veneer and sawn timber. The timber segment accounted for 80.4% of 9M2015 revenue
3Q2015, revenue increased 23% y-y to RM191.3 million while net profit surged 78.1% to RM21.2 million, primarily due to its timber operations, which benefited from higher sales volume of ply wood products and the strong US dollar.
Wah, Sapphire, with your comments above, I am very comfortable to hentam all d, for me, timber sector is the one to focus next, after glove, furniture, plywood etc.,
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....
paperplane2016
21,685 posts
Posted by paperplane2016 > 2015-12-21 23:19 | Report Abuse
I wonder how u get tht correlation? Idea from sky?