Posted by Ckk2266 > 2016-06-13 11:47 | Report Abuse

Bought more @ 1.07

Posted by PeterNg > 2016-06-14 10:32 | Report Abuse

Downtrend signal.

Posted by leekh5555 > 2016-06-17 14:53 | Report Abuse

sold...learned something..treated as school fee..sigh.bought SAM

Posted by Up_down > 2016-06-19 14:44 | Report Abuse

WTK is a well managed company with nil borrowings. It has never suffering any losses since year 2010. Profit is solely contributed by Timber segment. But the performance was dragged down by plantation segment.... RM 285.5 million was invested in Biological assets for 11,800 hec land and costs RM 24,500 per hec. It's rather high while comparing with TAAN of RM 8,300 per hec.

Posted by JackieChan > 2016-06-19 15:03 | Report Abuse

Even with high CPO price WTK profit actually lower. Why? Escalating cost due to increase salary, competitions, etc

Posted by Up_down > 2016-06-19 15:44 | Report Abuse

It may take at least 7 years for the young trees to grow into mature stage for peak harvesting period. Currently, WTK has started harvested FFB 43mt per year. The volume of FFB harvested will grow year by year until peak at about 240 mt per year . It should be ok if you are a long term investor.

Posted by stockraider > 2016-06-19 23:50 | Report Abuse

Wtk is value investment....not growth investment mah....!!
That's the reason why it will longer time for the share price to move up loh....bcos value investment gestation longer loh...!!

Posted by paperplane2016 > 2016-06-20 00:03 | Report Abuse

This stock... cant go wrong for longterm.. stable biz, stable cashflows., once palm all near peak, hoho! Wait antoehr 3 years to see peak!

Posted by paperplane2016 > 2016-06-20 00:03 | Report Abuse

Now is super good time for longterm investor to buy into.

Posted by Pual > 2016-06-20 11:37 | Report Abuse

Are u sure.. i think we still can wait until SP drop to 90 cent level...

Posted by Up_down > 2016-06-20 12:56 | Report Abuse

WTK's accounting policy on Biological Assets is really too aggressive. No armotization on the Biological Assets. Of course, WTK is not alone. There are some plantation companies are adopting this policy, ie TSH, INNO, Jtiasa, Ummca and NPC.

Accounting policy of WTK :

Plantation expenditure incurred on land clearing, upkeep of immature oil palms, administrative expenses
and interest incurred during the pre-cropping period are capitalised under biological assets and " are 
not amortised. "

Upon maturity, all subsequent maintenance expenditure is charged to the statement of
comprehensive income. " Replanting expenditure incurred on similar crops on formerly developed areas is
 chargeable to the profit or loss in the financial year in which it is incurred."

Posted by stockmanmy > 2016-06-20 14:24 | Report Abuse

Plantation expenditure incurred on land clearing, upkeep of immature oil palms, administrative expenses
and interest incurred during the pre-cropping period are capitalised .......but they lost money


That means they lost money on matured areas too.

Posted by probability > 2016-06-20 14:38 | Report Abuse

stockman...at immature stages..you will definitely loose money...cost of fertilizer, pruning and dead trees replacement, weeding, offroad maintenance is quite high...

anyway... i am not going to disclose too much before i have done detail studies and got myself invested on it.

I will leave it to you guys to do the cracking....
those who are not concern 'mispricing' . i.e value investing...may proceed to focus on growth only..after all the price will 'move' as per the growth rate. Value means its 'stationary'..;)

good luck.

Posted by stockmanmy > 2016-06-20 14:43 | Report Abuse

They capitalise the expenditures on immature areas.



That means they lost money from the mature areas.

Posted by kimi21 > 2016-06-20 14:47 | Report Abuse

Latest News, Corporate
Top Stories

Family of late timber tycoon speaks out for the first time

This article first appeared in The Edge Financial Daily, on June 20, 2016.

The estate of the late Sarawak timber tycoon Datuk Wong Kie Nai is speaking out for the first time about its legal dispute with WTK Holdings Bhd chairman Pemanca Datuk Wong Kie Yik and his brother Wong Kie Chie, who is a non-executive director at WTK Holdings, over control of the timber business empire in Sarawak.

In a statement last Friday, Kie Nai’s estate said the ongoing legal dispute between the two rival factions of the family of the late Datuk Seri Wong Tuong Kwang — one of Sarawak’s richest men — involves the son of Kie Yik, Patrick Wong Haw Yeong, who is managing director of WTK Holdings, and Janice Ting Soon Eng, a non-independent, non-executive director of the company.

“The 34 ongoing lawsuits do not only involve Kie Yik and Kie Chie ... In other words, four out of the eight members of the board of directors of WTK Holdings are involved in this unhappy state of affairs between our families,” it added.

Kie Nai’s estate was responding to an article titled “WTK Holdings’ top brass allays concerns over family tussle” and the joint statement by Kie Yik and Kie Chie that was published in The Edge weekly on June 6, 2016.

On the control over Successful Trend Investment Corp (STIC), a British Virgin Islands company which held three convertible preference shares (CPS) in the family’s private investment vehicle WTK Realty Sdn Bhd with Kie Yik, Kie Chie and Kie Nai holding equal shares in it, the estate said the statement by Kie Yik and Kie Chie that any two brothers who agree with each other had the final say in the event that no consensus was reached is a “matter of contention”. WTK Realty owned 13.6% of the shares in Bursa Malaysia-listed WTK Holdings as at Dec 31, 2015.

The CPS have no voting rights unless converted into ordinary shares. However, following the death of Kie Nai, an emergency board meeting was convened on March 22, 2013, to carry out the conversion exercise on the basis that WTK Realty was required by a bank to increase its paid-up capital as a condition to obtain a banking facility amounting to RM19 million.

The conversion exercise had resulted in Kie Nai’s family losing control of WTK Realty and reducing its shareholdings to 46.7% from 54.68%. Meanwhile, Kie Yik and Kie Chie and their respective families now control the remaining 53.2% of WTK Realty.

Kie Nai’s estate clarified that at the emergency board meeting, Kie Nai’s son Neil Wong Hou-Lianq had requested for more time to consider the offer.

It added that however, the board of WTK Realty, by a majority vote of three to two as Hou-Lianq and his sister Mimi Wong Hou Wai had objected, approved to accept the letter of offer which contained a special condition to increase the paid-up capital of WTK Realty.

“At the meeting, Kie Yik, as chairman of the board of WTK Realty, suggested to convert the CPS held by STIC to fulfill the special condition of increasing the paid-up capital of WTK Realty.

“An extraordinary general meeting (EGM) was then called to take place on April 6, 2016 to authorise the issuance of 2.75 million ordinary shares in WTK Realty to STIC and approve the conversion of the CPS,” said the estate.

The estate noted that despite several written requests by Kie Nai’s widow Kathryn Ma to postpone the EGM, she was not allowed to attend and vote at the EGM until and unless she is registered as a member of WTK Realty in respect of Kie Nai’s shares.

“In the absence of Ma, the members at the EGM, by a majority vote of two to one, voted in favour of authorising the issuance of ordinary shares in WTK Realty and approve the conversion of CPS. Haw Yeong (as proxy for Kie Yik) and Lim Cheng Bock (as proxy for Kie Chie) voted for the resolutions [while] Hou-Lianq dissented,” it said.

http://www.theedgemarkets.com/my/article/family-late-timber-tycoon-speaks-out-first-time

Posted by Up_down > 2016-06-20 14:49 | Report Abuse

It ok for not to amortize Biological Assets. The landmine will only explode....errrrr 15 to 20 years later while they do replanting. By that time, all replanting costs will be charged to Profit and Loss at one go. Who cares what would happen 20 years later. LOL

Posted by paperplane2016 > 2016-06-20 23:03 | Report Abuse

Capitalise is a creative accounting method..., as Long as not done frequent and large scale.

Posted by Up_down > 2016-06-21 09:04 | Report Abuse

I dont know what are those solid reasons behind for not amortising the Biological Assets. It doesn‘t get along with matching concept in accounting principle. Some accounting principle has turned into accounting rojak to suit the morden creative accounting. what a joke!

Posted by Invest1188 > 2016-06-21 22:02 | Report Abuse

Takeover offet coming

Posted by hng33 > 2016-06-24 11:36 | Report Abuse

cut loss wtk at 1.03, free up capital frist

Posted by hng33 > 2016-06-24 11:46 | Report Abuse

brexit almost confrim, global market selloff, promoted portfolio to cut loss first, free up capital to protect capital as priority

Posted by paperplane2016 > 2016-06-24 13:36 | Report Abuse

wow! Knee JERK reaction

Posted by Bino Caka > 2016-06-24 13:54 | Report Abuse

good decision, try to queue at 0.88, hope can enter some at this price.

Posted by paperplane2016 > 2016-06-24 23:03 | Report Abuse

Biologival assets is hardest to value. How u can value tht? Tree grows and may die also, how

Posted by paperplane2016 > 2016-06-24 23:04 | Report Abuse

This yr yield 50tons, next yr maybe 30tons. How to value? Even professors know how to value and accounting ppl wanna act smart to value

Posted by stockmanmy > 2016-06-25 11:04 | Report Abuse

Wtk trees?


Wtk are timber people
They know how to cut down trees.

Don't know how to take care of trees

Posted by stockmanmy > 2016-06-25 11:05 | Report Abuse

Timber people special in destroying environments
Not good in building good environments

Posted by paperplane2016 > 2016-06-27 01:13 | Report Abuse

Hehe. Let it go, let it go. My sifu buy rm1.40 range. I will buy beloe 1.

Posted by didi2005 > 2016-06-27 21:51 | Report Abuse

Whenever the price drop below RM1, dark force will push it up ~~~

Posted by hng33 > 2016-06-28 09:54 | Report Abuse

Bought back WTK at 1.03

Posted by alexsee > 2016-06-28 10:44 | Report Abuse

big boss keep blocking at 1.03

Posted by alexsee > 2016-06-28 10:46 | Report Abuse

i got some at 0.99 and 1.09...haiz

Posted by alexsee > 2016-06-28 11:28 | Report Abuse

see can sell some at 1.07 today or not

Posted by hng33 > 2016-06-28 17:00 | Report Abuse

:D)

Posted by alexsee > 2016-06-28 17:03 | Report Abuse

look like a reverse trend.. hmm, see how much can rebound in a week.. target 1.1-1.15

Posted by probability > 2016-06-28 21:13 | Report Abuse

where is stockman?

Posted by hng33 > 2016-06-29 09:20 | Report Abuse

sold back WTK at 1.07, lock profit first

Posted by Invest1188 > 2016-06-29 22:17 | Report Abuse

it has reached bottom

Posted by Invest1188 > 2016-06-29 22:33 | Report Abuse

my investment style:

1. zoom from macro economic view, sector to focus, sector to avoid
2. company FA first, free cash flow trend, debt trend,
3. company earnings trend
4 company management, how the boss sharing the goodies with shareholder
5. company valuation vs historical valuation
6. finally, TA trend, best buy is when oversold and do not buy when is overbought

Posted by Invest1188 > 2016-06-29 22:35 | Report Abuse

wtk is meetin 1,2,3,5 and 6 now. For item 4, wtk management shld work harder, if item 4 in, I believe wtk demand higher PE

Posted by paperplane2016 > 2016-06-29 22:38 | Report Abuse

How u define bottom?

Posted by Invest1188 > 2016-06-29 22:44 | Report Abuse

1. current price is so much lower vs historical valuation,
2. steadily pass the 0.98 resistance for the past many days
3. no heavy volume
4. buyer more than seller for the past 2-3 days

Posted by aleo66 > 2016-06-30 01:25 | Report Abuse

Gud news Wtk otw 1.15

Posted by dompeilee > 2016-07-09 08:47 | Report Abuse

Just 3 of many stocks(including WTK) that I manage to sell near the top this year:

https://2.bp.blogspot.com/-U4MIZAru2Uc/V4BIeln6mkI/AAAAAAAACts/8rgBW1Cd2q8PQpqycZrKpGxNSEM7ckKLwCLcB/s1600/SellingatTOP.png

See my blog

Posted by YOLOOOO > 2016-07-14 17:02 | Report Abuse

Around 1.05 looks attractive wor

Posted by YOLOOOO > 2016-07-14 17:02 | Report Abuse

Can buy or not

Posted by paperplane2016 > 2016-07-14 17:05 | Report Abuse

yoloooo, buy little

Posted by paperplane2016 > 2016-07-14 17:13 | Report Abuse

plantation is young trees. need patient on this one

Posted by OPMS > 2016-07-14 17:17 | Report Abuse

paper how many lorries you buy below 1..

Posted by YOLOOOO > 2016-07-15 09:46 | Report Abuse

Down side is very limited for wtk already, even when crisis it also dropped to 0.7x then rebound already, not to mention its plantation segment is getting better and better