In 2015 annual report, it's mentioned that 5% weaken in ringgit will cost 293mil forex loss. As at 31 Dec 2015, then currency is 1 USD: 4.29 Ringgit. At at 30 June 2016 is 1 USD: 4.00 Ringgit. The strengthen is about 7.0% which is about 410M gain by estimation which is very close to actual 430M. (with Q1 +464m and Q2 -34). Thus with I use 293M x 3.4% weaken from Q2 16 to Q3 16. Thus, it's about 200M. I slightly adjust down due to the debt is reduce from 12.6b (Q4 15) to 10.7b (Q3 16).
For deferred tax, I try few auditor, accountant and tax manager friends, they say that it's super hard to estimate. Thus, I only use past experience trend to estimate it. Could be very off compare to actual. I just try my luck this time. If accurate, then will use this method again in future. If not, will try other methods to estimate.
basically i learn this format frm Icon8888, my original format is much complicated and hard to read. lets wait the operating statistic out then it will be much easier to estimate. anyway, thx for your sharing =D
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
batu88
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Posted by batu88 > 2016-10-05 17:47 | Report Abuse
股海無涯, this is what i learn from you. Appreciate that if you can share yours later for my reference. Appreciate that.