Random Blathers (10 Sep 17)

Homeritz – formation of a triangle. Would there be a breakout soon?

Homeritz 10092017.png

WTK – heading towards 2008-2009 low level (i.e RM0.70).  Undemanding current price-to-book ratio.

WTK10092017.png

Teo Seng: Recent spike in volume. Resistance expected at RM0.98.

TeoSeng 10092017

 

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Timber anyone?

May 2017 –  Three  Malaysian-listed companies reported a more than 10% deviation in their financial results, with WTK Holdings Bhd and Seacera Group Bhd recording added profits, and HCK Capital Group Bhd lower earnings.

Malaysian timber player, WTK Holdings announced that there was a deviation of more than 10% between its audited and unaudited net profits for Q4’2016 ended Dec 31, 2017, mainly attributable to over recognition of net loss of an associate. The group had earlier reported a share of loss of associates of RM21.21 million, higher than the audited share of loss of RM21.07 million, mainly adjusted for realised gain on foreign exchange on settlement of vessel charter rental denominated in US dollars
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