Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
Finally the share price came down as expected bcos of abnormal behaviour of the company about $7.5 m in revenue lost within 2 mth when cpo prices jump more thn 30% it's production drop 30%. Bursa need to query the management. overall industry production didn't drop that much
The management need to explain why production drop drastically from August 5500tonnes 1500 tonnes almost 30%. Other Sarawak plantation company can report in the first week thier production figure comparatively thier production from August to October no big fluctuation.
The latest October production drop 30% from 2 months ago when cpo price up more than 30% from 2 mths ago despite other Sarawak plantation company report steady production figure. The management needs to explain why such big drop.
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. For details of Eksons, refer to https://www.i4value.asia/2023/10/eksons-is-now-value-trap-oct-2023.html#more
