Maybe because of the new King and the revival of big projects like HSR? He has been a supporter of this project, and I believe it is key for the revival of the forest city. So the stake is high.
with Iron ore like Crude Oil being cyclical in nature, i am quite certain all steel stocks will start quite soon as it is usually lagging behind construction sector and housing development. With SST being implemented across logistics, there is no doubt all housing prices in the coming 1 2 years will face price increase as well. A fair number of positive news on large scale projects in the construction sector as well.
I'm not sure. I did email them but there is no response. It is actually unrealised forex translation loss. Hence possible for reversal. My only worried is the FX is related to their hedging to their commodity raw material.
Hedging of forex theoretically will not drag the company into such big losses. Because if the company sell usd to lock the forex exchange rate uss receipts. The losses will be mitigate by the actual usd received . My concern is whether it is arises from big foreign currency liabilities. Such as usd loan to finamce capex or foreign currency owing to suppliers 😐 If the forex losses is due to hedging, than it looks like company is gambling on forex rather than hedging forex risk 😥
100 mil uss will loss rm20mil if exchange rate fell to 4.7 from 4.5, took? Loss rm 150 mil. The liabilities os about isd 800 mil. Veli big wor.... Lucky it is loss of associate. The total loss of the company is limited to money it invest in ESSB, Tiok? If things are veli serious, how come hiaptek still take up ESSB right issue? Tough guess. Tough investment decision Buy or no buy leh
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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....
tksw
12,831 posts
Posted by tksw > 2024-01-23 11:33 | Report Abuse
This operator veli cunning, just dun chase high. Buy in batches when3 it goes down
Small small batches ya..
Dun ger nevermind...😁😁😁