Alright, to continue what we left behind, we gonna proceed to the list number 5.
And to recap what we had discussed in the
Here in My Home - Sibu, Sarawak part 1.
There are 9 Sibu companies listed in our FBMKLCI. In the last post, we
mentioned about 4 companies, namely, RSAWIT, JTIASA, SUBUR and MEDIAC.
So this post is to finish the remaining other 5 companies.
Thank you^^
5. TAANN
 |
| TAANN Office |
TAANN had expanded from logging operations into shipping, downstream
timber processing, forest plantation, oil palm plantation and milling of
crude palm oil. The principal activities of resource-based TAANN are
centered around sustainable harnessing of timber resources and value
adding downstream activities such as the manufacturing of veneer,
plywood, eco plywood, laminated veneer lumber etc.
 |
| Revenue and Net Profit of TAANN |
I check through TAANN's Quarter Result. Seems like there is a seasonal
pattern. In the last 2 years, Q3 seems to post the highest revenue and
net profit. TAANN will be releasing its Q4, 2016 result this February
too. Again, with the CPO prices going sky high, we can expect TAANN's
net profit to be good this quarter too.
 |
| TAANN Daily Chart |
TAANN had been in uptrending, hitting a beautiful Fibonacci. It
rebounded at the point of 78.6%, and now supported at 3.94 with the
resistance of 4.23. SMA20 had crossed above SMA40.
6. WTK
 |
| WTK Office |
WTK is engaged in the business of timber division, oil & gas
division, oil palm/forest plantations division, foil division, tapes
division and also property division. However, there are some family
feud, which i think all the Sibu people are familiar about it
[1].
 |
| Revenue and Net Profit for WTK |
WTK's fundamental is quite strong. Just recentlly in 2016 Q3, WTK posted
negative result. The USD/MYR will be a major indicator to be considered
for WTK. They will be releasing their Q4 2016 in this February too.
 |
| WTK Daily Chart |
WTK had broke the downtrend channel and now going sideways. Notice there
is a gap there? It is because of the loss making quarter. Now, they are
challenging the gap, to close the gap. With a double bottom, resistance
at 1.05 and supported by 0.99, this QR will be important for them to
decide whether to stay above the 1.05 or below the 1.05.
7. CCK
 |
| CCK Main Office |
CCK is one of the most famous poultry shop in Sarawak. They sell eggs,
chicken, nuggets, hotdogs, etc. CCK's Executive Chairman is Tan Sri
Datuk Tiong Su Kouk. Under Tan Sri's stewardship, the CCK Group has
progressed from a small family-run business to one of the Sarawak’s
largest integrated poultry producers and producers of frozen seafood.
 |
| Revenue and Net Profit for CCK |
CCK is a consumer stock and so far, it had never slipped to losses. For
2016, the cumulative 3 quarters of net profit is RM13,300k, another
RM500k is required to surpass FY 2015 net profit. This can be easily
surpassed as CCK is going to announce its Q4 2016 in this February.
 |
| CCK Daily Chart |
CCK had been in uptrend since November 2016. The current resistance is
0.695 and support at 0.635. Volume had been actively traded if compared
to previous weeks. Current MACD is a death cross and SMA40 had crossed
over SMA20. However, we can anticipate good results from CCK. If its
revenue and net profit FY2016 can surpass FY2015, we can expect the
share price to break 0.695 and continue to break all time high.
8. TAS
 |
| TAS Office |
TAS Offshore are the acronyms for Tuong Aik Shipyard. During past
decade, the Shipyard has constructed and delivered One Hundred fifty
four(154) Vessels including Ocean Multi Purpose Tugs and Offshore Supply
Vessels, Dynamic Positioning Ships, Anchor Handling Tug Supply Vessels,
Multi-purpose Support Vessel, Offshore Utility Vessels, etc. for
leading companies in Asia.
 |
| Revenue and Net Profit for TAS |
TAS had not been performing good for the last 2 years due to the oil and
gas industry is slowing down. The demand for the vessels are also
slowing down. Recently, the Brent crude oil had rise above USD50, which
is a good news for the oil and gas industry and at the same time, good
for our country as well. TAS will be releasing the 2017 Q3 result in
this month too.
 |
| TAS Daily Chart |
As we can see from the chart, TAS had been in a downtrend since 2014,
thats when the oil price plunge. However in December, when OPEC and
non-OPEC both announced the production cut, TAS had been trying to break
the downtrend channel and had successfully broke the downtrend channel
in February. A new trend had been formed, with the resistance of 0.4 and
support at 0.35. Do notice the volume had been actively being traded
recently. In order to trade in this stock, we need to be discipline as
we all konw the prospect of oil and gas in the coming months.
9. PANSAR
 |
| PANSAR Building |
Coming to the end of the list, PANSAR. Established in 1961 with initial
trading in hardware and building products, PANSAR Berhad has grown to
become a major supplier and service provider of marine and industrial
engineering products; construction and building materials; wood
engineering equipment and supplies; electrical and office automation
products and supplies; design, installation, commissioning and service
maintenance of commercial and industrial air-conditioning and
ventilation systems; and mechanical, electrical, construction and
engineering works and services as well as industrial and marine
engineering works and fire protection systems.
 |
| Revenue and Net Profit for PANSAR |
PANSAR's recent performance had been fluctuating.The revenue had been
growing however the net profit is not aligned with the revenue. When i
check the QR, the reason for the weakening profit is due to weakening
RM. PANSAR is exposed to forex. PANSAR will be releasing its FY17 Q3 in
this month as well.
 |
| PANSAR Daily Chart |
PANSAR had been in downtrend for a long time. As we can see from the
chart, it is now challenging to break the downtrend resistance. With the
support at 0.42, the chart is now forming a descending triangle. Mostly
descending triangle will lead to further drop. For me, i will try to
avoid PANSAR.
Let me recap again the Sibu listed companies in FBMKLCI:
1. RSAWIT
2. JTIASA
3. SUBUR
4. MEDIAC
5. TAANN
6. WTK
7. CCK
8. TAS
9. PANSAR
I also managed to saw a lot of listed branches in Sibu, such as YEELEE,
HARISSON, HUBLINE, etc. But the 9 companies written are Sibu home-grown
listed companies. I am sure in your hometown, there are a lot of listed
companies also. Just as a lyrics in Bon Jovi's song,"Who Says You Can't
Go Home", *
just a hometown boy, born a rolling stone*.
Last but not least, remember to visit SIBU in 2017!!!
Thank you^^
Let's Ride the Wind and Gainvest
18 February 2017
5.00pm
P/S: All the pictures are taken by the author~
Sources:
[1]: http://www.minda.com.my/2016/06/wtk-holdings-top-brass-allays-concerns-over-family-tussle/
http://gainvestor10sai.blogspot.my/2017/02/here-in-my-home-sibu-sarawak-part-2.html
