sunatpunat

sunatpunat | Joined since 2017-12-04

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2017-12-05 08:34 | Report Abuse

Exchange rate now at 4.05 new low. Thats the end of it and expect all exporters to suffer greatly next qr u can expect lower disappointing results

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2017-12-04 11:52 | Report Abuse

Hevea suffered a dramatic drop in earnings is a big warning sign. With the exchange rate shifted significantly where the ringgit appreciates so fast in such a short time is posing a big risk for exporters' earnings going forward. Most exporters can't cope with such sudden exchange rate rise of the ringgit so sector wide for exporters is not so optimistic. In the foreseeable future, it won't end there because government policies will not favour the exporters nearing the election. Net cash doesn't mean its cash holdings won't go lower because during bad times companies will use the cash to cushion any negative impacts so if u are buying because u think its net cash is strong then u better think twice.