Within expectations. WTK’s 1HFY12/10 net profit of RM5.1m came in at 13% of our full-year forecasts and market consensus. This is within our expectations as we anticipate a stronger 2HFY12/10 underpinned by steady increase in log and plywood prices. We previously highlighted in our report dated 24 Aug 2010 that management has seen its log and plywood average selling prices rising gradually over the past few months to about US$165/m3 and US$575/m3 in mid-Aug (from US$160/m3 and US$545 in
1HFY10).
WTK Holdings Berhad : Improving Fundamentals-27/08/2010
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