The support and resistance level of WTK are 1.08 and 1.12 respectively. It is observed that the MACD line of WTK is above the centreline indicating some degree of strength in the price movement.
how I know. If I know I can ALL IN liao loh. But that's my best guess. Now Log production up, CPO price up, palm production also up due to mature plants. So I think at least should trade back 1.50-1.80 loh. Also Oil recovering, more jobs can be available in future?
All things seems look positive to them. They have good cashflows generation and not failing in giving dividend year by year so far
WTK has been hovering around this price for about half a year already. Me foresee most prolly the accumulation is almost over and it may trend up aggressively soon. Just need one or two good news as the catalysts for the MMs.. stay tuned. :)
WTK has tested the resistance of 1.12 but failed to clear it. It is important to monitor the price volume action near this 1.12 level to determine whether a breakout will take place. However on the indicator front, RSI is warranting some caution as it has moved into the overbought condition.
Yes.. about 3 times current price. Also note: "We expect WTK’s earnings to be stronger in 2HFY16 on stronger log ... (both log and FFB production are usually higher in 2H".. ;)
Based on my short observation.. WTK looks like one of those low volume lifeless a.k.a. boring counter. That explained why the sell-offs by the small traders who are impatient of its "turtlish" movement. However.. me opine.. at the current price.. its very undervalued and definitely has room for more upside.. give time. Happy weekend.
WTK is a cash rich company. base on recently market, log wood, plywood and oil palm price is quite good. WTK produce log wood and FFB (oil palm fresh fruit bunches). Base on the monthly production data provided by WTK, month for July, Aug and Sep (up coming qtr result) is higher then previous quarter. In addition at month Sep FFB price reached the highest price ( currently OCT FFB price is higher then Sep, that why malaysia gov announce no more subsidiary on cooking oil) **addition info: FFB do not have standard price, their price is base on region and grade. Most good price is in north region (Pelis, Kedah and Penang). For log wood price also same situation with FFB, the price keep increase. Recently got some plantation company result had come out and show good result due to oil palm price is good. In conclusion, plantation sector and wood sector will be perform will in this year at year end time. Happy treading :)
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
21,648 posts
Posted by paperplane2016 > 2016-10-25 14:05 | Report Abuse
7835m3 more, FFB: 4425.85 mt more