I sold most of my stake last week, since then I've been monitoring the movement and although it is in slight downtrend, it is less volatile than other stocks like Hexza. Considering the chaos in glove sector, the effect here is subdued. It seems like it is stabilising after the spike early this month.
Instead of chasing growth like hot gloves sector...it is time we look into contraian cheap deep undervalue stocks like WTK to diversify your risk profile mah...!!
Wtk potential return may not be less than any gloves stock going forward bcos of its deep undervaluation & margin of safety mah...!!
Posted by stockraider > Jun 14, 2020 11:59 AM | Report Abuse X
WTK business is cyclical in palmoil & timber mah....!!
The safest to buy & make big monies, is when it is in cyclical low u make the purchases and it is now the recovery stage mah...!!
Your return will be very high...i may not be very surprise, if u can even beat the glove stocks return loh....!
Big profit can also be make if we take the contraian view instead of acting like herd chasing the popular stock.
We need to take a step back & act differently from the crowd mah...!!
In short, Wtk has all the safety margin and great prospect going forward
And best of all the price is screaming out with Value
Now RGT one quarter EPS is about 0.2 One year 0.8. For Covid19 product now is about 2 to 3 times profit increase. Like Top Grove is 3 times, let say RGT is 2 time, 0.8 x 2 = 1.6, PE 30 so TP is 0.48.
If you playing for 4 5 weeks hit and run better not play this counter... If you plan to hold for medium to long term.. I believe this is the counter then.
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....
Nancy Boon
183 posts
Posted by Nancy Boon > 2020-06-11 23:15 | Report Abuse
can I know what are the best price to buy market been going down. what is the target price ?