The profit is due mainly to unrealized forex gain recorded in the account and not real cash. What nonsense is this? When the company gain in forex exchange she gains in profit because the buying and selling of a commodity the company need to pay less or when she convert the currency into ringgit she makes more! For the last few quarters in 2015 and 2016 Malayan Flour lost money mainly due to forex lost as shown by the article written by Riche Ho and that was why the price of Mflour keep dropping. The price drops very substantially I feel in mainly due insider trading and manipulation, nothing more and nothing less
Stock: [MFLOUR]: MALAYAN FLOUR MILLS BHD
2016-08-19 22:22 | Report Abuse
The profit is due mainly to unrealized forex gain recorded in the account and not real cash. What nonsense is this? When the company gain in forex exchange she gains in profit because the buying and selling of a commodity the company need to pay less or when she convert the currency into ringgit she makes more! For the last few quarters in 2015 and 2016 Malayan Flour lost money mainly due to forex lost as shown by the article written by Riche Ho and that was why the price of Mflour keep dropping. The price drops very substantially I feel in mainly due insider trading and manipulation, nothing more and nothing less