WTK (4243): Financials Summary, Key Results, Growth

WTK which diversified into palm oil plantation later than Jtiasa is trading at a very steep discount to NTA because its unprofitable timber division is dragging down performance. It could be the next great plantation buy for the (very) patient investor.

2023-09-20 12:29

speakup

Sabar

2023-09-20 12:38

Bought more for long term hold in the expectation new plantation acquisitions using cash hoard will be earnings accretive with higher future dividend payouts. Just too cheap to resist at 0.3 x book value and improving prospects.

2023-09-20 15:15

Dehcomic01

One of the ways I screen for companies is to compare their ROE trends with those of companies in the same sector that I have carried out detailed fundamental analysis. On such a basis, I found that WTK did worse than my 2 references - Eksons and Taann. https://www.youtube.com/watch?v=g1byo-eO4CM

2023-10-18 08:09

WTK would be worse off than similar timber/palm oil plantation companies on a historical ROE basis because of its loss making plywood operations. But it is undertaking business diversification albeit belatedly and if this pays off, may reward patient minority shareholders handsomely. In the meantime, eke out an existence on 1-1.5 sen dividend.

2023-11-10 09:01

WTK management resumes modest share buyback in the face of market weakness. Take out the small weak holders and hold up stock price. That's good. Shows faith in company's impending profit recovery.

2023-12-14 09:50

Ling term investor......see can release boh

2024-02-06 07:06

Can buy now arh...?? 🤔...
How long to hold ??

2024-02-16 19:10

apa macam... can go green boh this Q

2024-02-18 14:56

Laggard WTK attracts some buying interest this morning to push it comfortably over 50 sen. Now it's a battle to take out the stale bulls at each price level until quarterly results at month end show the worst is over.

2024-02-19 09:34

EngineeringProfit

huat ar

2024-02-19 10:21

let's huat arrr

2024-02-20 00:28

kohcl130562

huat lao sai with the poor performance

2024-02-27 13:26

habis lar

2024-02-27 21:36

Quarter's loss caused by Rm25 m write down in biological assets in accordance with accounting rules as the timber business continues to bleed. Many small plywood operations have closed down in the last few years. Operating cash flow is still positive hence ability to pay 1.5 sen dividend. Looks like profit recovery may take more time if there is no turnaround in the timber sector. Plantation will become more dominant with the recent acquisitions. There are also valuable surplus properties that can be monetized and funds channeled to better earning assets. Still cheap on a P/B basis.

2024-02-28 08:51

ok lar., big bosz buying

2024-02-28 21:09

bila lar WTK

2024-03-05 22:23

dompeilee

Averaged down more WTK for the first time since '22...goin' over 50,000 shrs for the 1st time ever!

2024-03-12 10:42

Hi Dompeilee,
Wtk is good but ?
How long do we have to hold this one to double or triple in share price ?
It's a Long term hold ?

2024-03-14 16:06

https://www.klsescreener.com/v2/news/view/1060467/wtk-buys-plantation-firm-oil-palm-mill-in-sarawak-for-rm250-mil

2024-03-18 16:05

In the article above,
Notably, the two exercises are deemed as RPTs as WTK managing director and shareholder Datuk Seri Patrick Wong Haw Yeong is also the director of WTK Alpha, B.H.B and HMSB.

WTK Alpha and HMSB entered into two agreements for the acquisitions on Thursday (Oct 27), WTK said in a stock exchange filing, adding that the total cash consideration of RM250 million will be settled through a combination of internally-generated funds and bank borrowings.

Top management was Director in buying and selling companies.
Is this a good thing to happen.
Overpriced plantation ?

2024-03-18 16:09

Wah dumpilee,
You very 🤐 quiet one. Pop in and out very fast 😀 and then no sign of you.
Your comments are needed!

2024-03-21 16:49

let's see maybe another 2 years to turn around after big big bang from oil exploration

2024-04-06 22:12

Another time....... CPO is on a high time

2024-04-07 18:45

Perhaps some interest may trickle WTK's way when MKHOP gets successfully listed this month end and people realize WTK now controls 56k acres of plantation in Sarawak vs MKHOP's 45k in Kalimantan and is way undervalued.

2024-04-08 08:54

ya lor, sila up yeah

2024-04-17 22:11

April po n pk ada banyak sikit all the best sir patrick

2 months ago

Bob

Earning attributed to Durafarm one off gain 7mil, otherwise may losing money again this QR😑

1 month ago

haiyah apa sir Patrick doing ?

1 month ago

Johnmajor

TP RM1.20

1 month ago

Wah PM John Major..1.20 TP arh !?
Jollyy Goood man.
We wait arh.....1.20 to come 🫴

1 month ago

really long wait, let's can check in below RM0.45

1 month ago

Johnmajor

Usually analyst will tell you the target price but very often the achievable price is half the targeted price. LOL. So....60sen pun dah cukup dah. Haha

1 month ago

Haiyah 0.60 ok lar

1 month ago

Haitoh 10c gain oony arh...
Pm John Major, then why we waste our time here..
Are we all waiting waiting wtk till the moon comes arh.
So John Major why are you in WTK, if Soo slow.
You want to try 😄 goreng up up arh !?

1 month ago

Johnmajor

Stuck in this value trap counter. Management should do something to bring the company back to its glory days.

1 month ago

Yes John Major...!
Hai Wing Trick apa macam. Har.
Today close 49.5c.
Uppp lar 😅

1 month ago

Bila lar boleh fence ah Rm 0.6

1 month ago

Problem this co...owners take huge drawings themselves leaving little for us small fries.
To go up further id a punt, so not sure how up or down some more ?

4 weeks ago

Ini macam .... bila lagi sky is the limit

2 weeks ago

dompeilee

BOUGHT the last 2,000 shares @ 49.5c-50.5c to bring my holdings to 54,000 ...on track to receiving >$800 in divvies this year, an all-time high! Average cost is now within smelling distance of a capital gain...doesn't matter whether it comes next month, 2025 or 2028!🤞

2 weeks ago

speakup

Kaya lah domp

2 weeks ago