Seem is a trapped, dont put yourself in risk Someone is keep throw their shares and then buy back again in order to extract buyers in. This counter very abnormal, CAUTION!
hahaha, please lar ... all international trade are done using USD ... so even spare part that bought by RGB also will be in USD and this will off set the USD ... thats why only furniture like hevea evergreen benefit the most because they sell in USD but their parts are locally using ringgit ...
As i know some of gaming spare part, need to have gaming certified. See what kind of part, sometimes buy it ( from China, etc) better than make it. Furthermore, due to high operating cost, many manufacturing in penang losing money when operating the factory making electronic parts, etc. When the factory not generating profits, but generate debt, so? Who want to run the debt factory? Sell it also no people want, shut it down or just give the factory for free.
Based on AR2015, Trace Receivables : USD41.8 million Cash & Bank: USD41.7 million Trade Payables : USD38.5 million Borrowing : Shall be pay off by 3rd Quarter ended 30 Sept 2016. Net USD in holding : USD45.0 million
Assume 2nd and 3rd Quarter, net USD holding is same USD45.00 (due to repayment of borrowings)
USD/RM: As at 30 June 2016 approximate RM3.99 At at 30 Sept 2016 approximate RM4.14
Possible foreign exchange gain:
USD45.0 million X 3.99 = RM179.55 million USD45.0 million X 4.14 = RM186.30 million Gain in forex = RM6.75 million.
KUALA LUMPUR: RGB International Bhd is working hard to ensure it grows its revenue by at least 20% in the financial year ending Dec 31, 2017 (FY17).
That’s because the electronic gaming and amusement machine manufacturer hopes to benefit from the government’s incentives given under Budget 2017 for companies.
RGB is going after the maximum reduction in income tax of four percentage points for an increase in chargeable income of 20% and above for assessment year 2017-2018.
According to its managing director Datuk Chuah Kim Seah, who is also a major shareholder of the group with a 26.26% stake as at March 17, 2016, the group is on track to meet its target for FY16.
“We are positive that our [financial] performance in FY16 will not deviate too much from our expectations. We have targeted for double-digit growth in FY17 and with the latest Budget 2017 announcement, we are targeting to achieve a 20% growth [in revenue] to benefit from the tax incentives,” Chuah told The Edge Financial Daily in a telephone interview.
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....
Kim Na Neng
190 posts
Posted by Kim Na Neng > 2016-11-10 19:21 | Report Abuse
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