Wtk have cash RM 423.9m, but only have short term borrowing RM 200m and long term borrowing RM 134m, therefore, Wtk essentially is in net cash position about RM 100m or about cash 20sen/ share
Log selling is also increase as state in down-stream player latest result (focus lumbar), therefore, profit margin for up-stream player (WTK) should be better. In However, WTK may record some forex loss due to strengthen in RM over last 3 month.
Aside WTK record double up in FFB production compared to preceding quarter, CPO price also record at least 10% increment up to RM 2500 if compared to previous quarter
In addition, to Log harvest and FFB production, WTK also derive profit from downstream service for oil and gas industry, albeit former two segment have record loss in previous quarter, but, i 'm expecting these two segment to turnaround in coming release result due to double up FFB production volume + full service provider for its oil/gas
Haha. This stock my sifu buy at 1.40 range leh. Then crazy one. Keep dropping! It's plantation good, log also good. What to worry. All stable cash flows business
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 > 2016-08-16 14:34 | Report Abuse
yes. It has sufficient cash to cover, but it need to work even harder for plantation to boom soon