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When CPO prices improve 30% it production drop 30% equivalent to about to $7.5m revenue loss on top of that total under other loses about $16m for 9 mths wth hardly any explanation. RPT come to more than $10m. it's quite profitable if not for these few abnormal things
This company have a lot of red flags. Very high RPT in 10ten of million. Production drop 30% recently when CPO prices shot up 30%. Very late in announcing thier monthly production figure. other losses in 9 month total $16m no explanation. Bursa should query them 1500 tonnes CPO about $7.5m drop 3 time the industrial average.
Until today most Sarawak plantation company already announce their production figure for November but WTK which is smaller still not yet. Inefficient management aisei :(
3rd quarter result just out. After looking thru it another abnormal loss stood out in others and adjustment about $6m loss in 3 mth total $16.5m in 9mths worst explanation given was turnover is insignificant BUT the loss is significant. People who invest in WTK is bcos it's cheap and give a dividend. Top management shld consider a MBO.
November production figure will be out and they usually announce almost towards end of month compare to others 1st week or 2nd week. CPO is above $5000.00 now. Not in Broadway light again
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.
