Wonder why seller keen to depress Wtk share price, why don sell on strength instead keep sell on weakness!? Wired and irrational....probably seller is from to wtk late founder trust (still hold 3.38% stake in wtk) to cash out their share holding.....
Nonetheless, upcoming q result should be very good based on previous 3 month higher timber volume production, higher log and plywood selling price and strengthen USD, re-rating is due once q result is release end of these month.
In addition, upcoming WTK q result will also recognized properties disposal for RM 51m, and realize one off gain from RM6.8m, further boosting wtk coming net q net profit and increase further wtk cash hoard.
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....
phg1
16 posts
Posted by phg1 > 2016-10-29 13:57 | Report Abuse
Difficult to go up as long as someone regularly dispose it.