Posted by yfchong > 2018-01-01 15:35 | Report Abuse

Paling kuat total loss... 87 mil....

Posted by ipodkaki > 2018-01-01 17:27 | Report Abuse

yfchong, maybe but I think WTK's current price already have it priced in. Dumping oil n gas segment is a plus for WTK.

Posted by feimah > 2018-01-01 17:29 | Report Abuse

Dont go against the flow. WTK needs a lot of help to turn around

Posted by yfchong > 2018-01-01 19:38 | Report Abuse

belum lagi lah abang ipod....plantation masih perlu masa lagi walaupun ffb oil n kernel meningkat..jangan lupa... balak belum boleh harvest... itu dlm division plantation...

Posted by ipodkaki > 2018-01-01 23:23 | Report Abuse

I have a spreadsheet recording WTK's every month production and my own tracking on lumber future price and palm oil future price.
Lumber future in 4th quarter is 15% higher than 3rd quarter, and according to Oct and Nov and if we assume Dec will be about the same production (~68000 m3), 4th quarter log production will be ~20% higher than 3rd quarter. This implies timber division will definitely have much higher revenue and profit than last quarter.
In their 3rd q quarterly report, they already mentioned their 40 million palm mill is ready and expected to contribute to earnings in the coming quarter. Thats why to me I am positive to WTK now as previously the only concern is oil and gas losing streak.
Previously's family feud and oil and gas have totally beat up WTK and they shall turnaround from this point.

Posted by Johnmajor > 2018-01-02 11:35 | Report Abuse

To those who hasn't own this share, this is the right time to own it as an attractive price. Go for long term investment, this counter will blossom.

Posted by yfchong > 2018-01-02 13:30 | Report Abuse

mari kita sama sama tunggu q4.... dlm tempoh masa ini ambil data prod.minyak kelapa sawit....8600 hectar hutan balak tunggu masa di proses. harap masa itu index plywood naik balik.....selamat melabur....

Posted by yfchong > 2018-01-02 13:34 | Report Abuse

ladang sawit wtk hampir 12500 hectar... masih muda lagi ada belasan tahun.....

Posted by yfchong > 2018-01-02 13:46 | Report Abuse

yeah ipodkaki.... may 2018.... wtk yum seng

Posted by Diamond7 > 2018-01-06 21:13 | Report Abuse

Just buy n wait patiently. Oil price up. Earnings for WTK will automatically go up..up..up...!

Posted by EngineeringProfit > 2018-01-08 19:24 | Report Abuse

Certainly....profitable from now

Posted by Johnmajor > 2018-01-09 10:01 | Report Abuse

now RM0.76....when I commented on 2nd Jan 2018, it was RM0.70. +8.5%.
In near term i foresee this counter hoovering around RM0.75.
It is still worth to go in at this price as long term target (or shall I call it true value is around RM1.20~RM1.50).

Posted by Annetan > 2018-01-09 12:50 | Report Abuse

I am in today a lot of wtk.Lumber prices recently hit 1993 high of $493.Now is $455.Had Sarawak government didn't impose a 60% export tax,how can timber counters so cheap when lumber prices so high?

Posted by yfchong > 2018-01-09 21:18 | Report Abuse

1.50.........

Posted by HENGYUAN Sexy Babe @ RM21 > 2018-01-10 23:00 | Report Abuse

本帖最后由 火树银花 于 2017-12-19 00:35 编辑

小苹果 发表于 2017-11-30 22:27
不好意思麻烦火树银花。我只想请你们帮我看一下4243-wtk 现金流是有困难还是能维持经营的公司。谢谢！


你好。

关于WTK 的问题现金流是否有困难，就简单的告诉你，如何判断一家公司是否面对周转不灵的问题。然后，再进一步确认公司的价值底线。找出公司的安全程度，提高你的投资成功几率。


针对你的问题，首先，观察公司最新季报的持有现金部位 ：

Cash and bank balances 404,424 。 意思是公司现金有 4亿 4百万现金在手（ 注意：RM'000 这个，表示省略了）


然后，对比公司的长期和短期债务：
Current liabilities 275,364 （短期，一年内到期）
Non-current liabilities 207,669 （长期债务，超过2年）

长期债务+ 短期债务 = 483,033

以公司的现金对比债务，基本上债务已经不是问题了。债务不会威胁到公司短期内的营运，意思是这家公司不会突然周转不灵，突然宣布倒闭。


参考公司的现金流，你可以看到公司的营运现金流 显示 “ Net cash from operating activities 87,568 ” 。

虽然公司宣布业绩亏损 28,843 / 两千八百万 ，但是这家是不会倒闭的。因为公司有“现金流”支撑。虽然公司面临“亏损” ， 但是公司背后还是“赚进”了将近3千万的钞票。有三千万在手，哪里会倒闭？

这笔资金的流入的原因，就隐藏在折旧这个项目“ Depreciation 31,545 ” 。折旧是不会让公司的现金减少，但是会让账面的盈利减少。如果单单看公司公开的账面盈利，是亏损的。实际上，公司的营运还是有利可图的。

到底这个“可图”的价值有多少，有多高，就考验一个投资人的功夫了。


你可以将公司清盘，找出公司的底线在哪里，然后对比最近的股价，是否很值得投资，如果价廉物美，就值得投入。（当然，注意，如果公司真的亏损了，就是现金流出现负数，你就要做卖出决定了。不然会陷入“资产净值” 的陷阱。）


在进一步分析之前，要记得一个概念：无法产生现金流的资产，都不是好的资产。

很简单，打个比喻，你有一间独立式洋房，但是，某些原因，导致你无法出租，而让你的洋房荒废，让它长草生青苔，养蚊子。这是好的产业吗？

如果你的产业不必付银行的贷款利息，还好。这是自己的资产，可以选择日后出售。如果这栋房子的贷款还没有还清，还需支付银行利息，又无法出租，无法售出，那就是一种负担了。

如果你的产业不但租出去了，租金很好，产业价格起，那么这就是好的投资标的。甚至还可以利用租金支付利息，或者利用租金进行其他的投资。

那么，两者比较之下，就可以看出两者之间的高低。


不管一家公司的资产如何高（例如……股价暴跌，股价长期低水平等），你都需要评估资产的素质如何。只有好的素质的资产，才值得长期持有。否者，未来难以东山再起。

好了，清盘方法如下：

WTK 的 长期资产为 1,152,307 。做一个七折 ，得到 886，615。

流动资产 ：
= Cash and bank balances 404,424 + Inventories 107,408 （打7折） +Trade receivables 94,834 （打7折）+Other receivables 53,515（打5折 ）
= 404，424 + 75，185 + 66，384 + 26，757
=572，750

把流动资产 572，750 + 长期资产 886，615
=1，459，365

再把得到的资产1，459，365 减去 全部的债务 Total liabilities 483,033
= 1，459，365 - 483，033
=976，332


这个数字，就是公司的清盘价值，也就是公司的底线。

把976，332 除与 公司发出的流通股 477，484 ，得到每股净资产价值为RM 2.04


以公司近期的股价RM0.70 而言，对比净资产RM 2.04算起来是非常低廉的。

但是，需要考虑的是未来是否会持续亏损。如果公司持续亏损，公司的价值是会倒退的。

当然，如果用现金除与流通股，则每股现金为RM 0.84
这就出现了所谓净净现金公司了。股价居然低于公司的每股现金。（股价RM 0.70 , 每股现金 RM 0.80 ）


基本上，公司的价值就出现了。（公司的成长、未来、前景、其他的种植业务可否弥补公司的木材伐木业等因素，会影响公司的未来股价走向以及资产价值。）



你可以参考公司过去的数年的现金流，基本上公司的现金流这几年都很稳定，也很正面，所以比较安全。所以，不会出现你所担忧现金流的困难。

但是，公司的行业有周转期，有荣景亦有萧条，所以盈利一段期间大好，一段时期会大跌。（股价就会根据盈利或亏损而做出波动）如果你有耐性，有信心，也许可以一试。但是，这个耐心是需要非常非常耐心的。不好的的消息、没有好消息会不断消耗你的信心，这类的循环股，需要相当多的勇气。也有可能你花了很长的时间去等待，却等到公司完蛋的结果。

同样的，若公司熬的过去，投资人一样获利丰厚。（数倍）


投资是一门艺术。好，还是不好，见仁见智。

Posted by Diamond7 > 2018-01-12 13:31 | Report Abuse

Undervalue! Just buy n keep.....one day will shoot up!!!

Posted by yfchong > 2018-01-13 12:56 | Report Abuse

This is dark horse.....hi bro 7.. happy new year

Posted by kkteng70 > 2018-01-17 16:19 | Report Abuse

I wandering when is the one day ?

Posted by tecpower > 2018-01-20 00:39 | Report Abuse

Timber-based manufacturers can expect higher returns this year, says Mah http://www.theedgemarkets.com/article/timberbased-manufacturers-can-expect-higher-returns-year-says-mah

Posted by alasukajiakwantan > 2018-01-22 01:28 | Report Abuse

wtk already sold their OIL AND GAS sector? or havent sell yet?

Posted by kkteng70 > 2018-01-22 15:47 | Report Abuse

better sell , how long they want to drag with oil and gas

Posted by Valuedude > 2018-01-23 11:08 | Report Abuse

other forum also say this stock is difficult one.. Malaysia timber export is strong 2017 driven by furniture (WTK is more raw material)..

calamity starts when management who is in charge of O&G start selling his stake

http://marketbuzzasia.com/showthread.php?tid=6

Posted by Annetan > 2018-01-25 17:25 | Report Abuse

Cut loss last batch today

Posted by yfchong > 2018-01-29 15:23 | Report Abuse

see se...se liao

Posted by HENGYUAN Sexy Babe @ RM21 > 2018-01-30 08:45 | Report Abuse

2016
Jan-16 Log : 41,674 m3, FFB:2,851.00mt
Feb-16 Log : 44,964 m3, FFB:2,720.95mt
Mar-16 Log : 48,844 m3, FFB:3,574.57mt
Apr-16 Log : 38,290 m3, FFB:3,755.42mt
May-16 Log : 41,003 m3, FFB:4,439.71mt
Jun-16 Log : 41,528 m3, FFB:5,592.60mt
Jul-16 Log : 60,390 m3, FFB:5,462.20mt
Aug-16 Log : 57,770 m3, FFB:5,706.89mt
Sep-16 Log : 52,921 m3, FFB:5,818.68 mt
Oct-16 Log : 55,012 m3, FFB:5,585.73 mt
Nov-16 Log : 52,259 m3, FFB:5,119.32 mt
Dec-16 Log : 58,886 m3, FFB:4,891.82 mt

Posted by HENGYUAN Sexy Babe @ RM21 > 2018-01-30 08:45 | Report Abuse

2017
Jan-17 Log : 28,909 m3, FFB:4,720.41 mt
Feb-17 Log : 46,646 m3, FFB:4,623.16 mt
Mar-17 Log : 53,576 m3, FFB:5,513.11 mt
Apr-17 Log : 48,630 m3, FFB:5,406.94 mt
May-17 Log : 54,296 m3, FFB:6,148.51 mt
Jun-17 Log : 54,026 m3, FFB:6,520.67 mt
Jul-17 Log : 59,442 m3, FFB:7,130.19 mt
Aug-17 Log : 54,231 m3, FFB:7,421.29 mt
Sep-17 Log : 51,436 m3, FFB:7,719.01 mt
Oct-17 Log : 68,508 m3, FFB:9,191.45 mt
Nov-17 Log : 66,282 m3, FFB:8,007.09 mt
Dec-17 Log : 55,213 m3, FFB:7,070.08 mt

Posted by HENGYUAN Sexy Babe @ RM21 > 2018-01-30 08:46 | Report Abuse

me still holding after 5 years....sad story here

Posted by ivan9511 > 2018-01-30 16:54 | Report Abuse

Auto why hold 5 years
This wrk last time highest 2.50 ringgit now lowest only 69sen
If hold is loss until cannot see mama
Many people keep promo this counter said cheap undervalued
Why wtk can give dividend but cannot than the price from 2 ringgit to 69sen
I sold at 90sen last time otherwise drop to 69sen l loss 40%
Lucky sold awal awal
Wtk I cannot said no good
Because got cash and bra near 3 ringgit
But boss seem want low
Unless big fund come in
I hope all the best
Actually wrk is one of my favourite also
But the boss let me down so I sell at 90sen
Hope who still have all the best
Limit up

Posted by skvt9 > 2018-01-31 13:27 | Report Abuse

Cash value is bigger than market cap , WTH is happen to this company?

Posted by Valuedude > 2018-02-01 11:01 | Report Abuse

some people think they know better than the management (one of them has sold some stake in the company when it was 0.75) - see below on the discussion

http://marketbuzzasia.com/showthread.php?tid=6

Posted by ivan9511 > 2018-02-02 21:49 | Report Abuse

ya this one hopeless. even cash rich and nta got 3ringgit aslo wastes
sayang such a good company with nta 2.80 ringgit cash rich
palm oil and oil price keep.got good news but wtk drop 69sen
69sen

Posted by yfchong > 2018-02-04 20:08 | Report Abuse

Coming quarter 2018....can see the silver lining.... plywood price up... log price stable...axe Atlanya marine....ok., coo vol... improve...

Posted by ivan9511 > 2018-02-05 14:21 | Report Abuse

already said many times avoid this counter
I already sold 90sen
keep say chaep and undervalued from 1.00 ringgit
if you buy in 1 ringgit now loss 33%
If you buy 100k now loss 33k is a big money
is a big loss
put in Affin creebuider trop sign opcom ntpm amfirst mbsb
those are safe
this wtk nta 3ringgit but drop till 67sen
the boss want us die and die very very deep one
this one is Parkson best friends Parkson and WTK want us die until no born !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1

Posted by Johnmajor > 2018-02-05 15:20 | Report Abuse

imagine this company is taken private....the valuation will be at least RM1.20. Look at Weida, we may not get NTA price but at least this is worth much more than 70sen. That is my personal view.

Posted by skvt9 > 2018-02-05 18:51 | Report Abuse

Just hope that sister-in-law settled with WTKS in good faith , then everything will go fine

Posted by ivan9511 > 2018-02-06 12:25 | Report Abuse

if you guys listen my adivice and if sell at 1ringgit like me now avoid loss 35% from 1 ringgit
I also dun know why wtk not help
I know wtk nta near 3 ringgit and got money
but why ?

Posted by Johnmajor > 2018-02-06 16:38 | Report Abuse

ivan, you should start collecting some maybe. Now is a good price to enter.

Posted by skvt9 > 2018-02-07 13:19 | Report Abuse

ivan9511 , WTK is a hometown stock , most of the investor folks are from Sibu , the rumor, family tussle and timber tax hike lately had damaged the investors confidence in group

Posted by ivan9511 > 2018-02-07 15:50 | Report Abuse

Johnmajor
165 posts
Posted by Johnmajor > Feb 6, 2018 04:38 PM | Report Abuse

ivan, you should start collecting some maybe. Now is a good price to enter.


skvt9
15 posts
Posted by skvt9 > Feb 7, 2018 01:19 PM | Report Abuse

ivan9511 , WTK is a hometown stock , most of the investor folks are from Sibu , the rumor, family tussle and timber tax hike lately had damaged the investors confidence in group

@Johnmajor and skvt9
hi guys thanks for your advice
\you all very generous on sharing
yes now is the best timing
so now i headache because all my cash go in Market and now as you guys know all very cheap
Maybe I will choose sell Malakof to buy wtk
as for nta dividend and pass history yes I feel WTK now is better than Malakof
and my counters included : opcom , petgas, mbsb , affin , topglove , harta, petronm , inari, armada bpuri,mhc, mmc, uems, mahsing tropicana , mkland , , tiger, ambank, amfirst , twreit , mhc , dayang , puc and,ytl , ytlpower, sign many others.
, ntpm
so I very headache dun know want to sell which one
but yes wtk is very attrative me and I feel now miss never can get at 67sen
nta near 3ringgit and everyyear dividend is a must buy

Buy the ways friends I got two counters need to recomment
Amfirst and ntpm
Amfirst now only 65sen ( this is a big joke , try to see Amfirst dividend is the best in reit now and try to review amfirst pass qr actually for me is very very very good compare to other reits in this hard time for reits .
Ntpm is a paper business this is solid and profit
haha
I just sharing if dun like please ignore
thanks
appreciate your guys advise

Posted by Johnmajor > 2018-02-07 17:26 | Report Abuse

@ivan: Looking at the list of companies you have invested, your selection seems to be quite good. Among the companies, I do not particularly like Tropicana and MKland. Anyway, that's my choice if i were to pick which companies to sell off.

Posted by ivan9511 > 2018-02-07 19:39 | Report Abuse

Johnmajor @ Johnmajor
thanks
and all the best
thankls for your advise
happy cny also
haha

Posted by yfchong > 2018-02-16 16:55 | Report Abuse

May this wtk be my huat driver........ long wait..... itto.... data looks good on fob prices

Posted by yfchong > 2018-02-19 20:35 | Report Abuse

Another 9 days qr pop up........

Posted by smartbeng > 2018-02-23 20:20 | Report Abuse

Ruuuuunn!!! Winding up of subdidiary confirm in LATEST ANNOUCEMENT...BIG LOSS!!!

BUSHIT counter!

Posted by smartbeng > 2018-02-23 20:37 | Report Abuse

Court WINDING UP ORDER CONFIRM 136Million LOSS!!! WTF!!


Why now only annouce?!? Its FRIDAY how to sell tml!!??


http://www.klsescreener.com/v2/news/view/345841

Posted by yfchong > 2018-02-23 21:15 | Report Abuse

masak...hopefully enuf punishment

Posted by yfchong > 2018-02-23 21:38 | Report Abuse

joke od the year.

Posted by smartag > 2018-02-23 21:52 | Report Abuse

My retire fund all gone!!!! Shit counter!!!

Posted by yfchong > 2018-02-23 21:56 | Report Abuse

really takes yeara

Posted by walau2u > 2018-02-24 01:06 | Report Abuse

Please check 26 and 28 december annoucement, this case already annouced before and it is not surprise.