export co need to convert 75% of export surplus holding from US to ringgit. the conversion impacts the exporters. if ringgit slow in appreciate, exporters will in losing end. consider scarify the exporters to save Malaysia decreasing foregin reserve.
Let me make a guess, they declare low dividend to push off small investors to let go the holdings, then bankers grab them, later they re-announce the tp and push the price up again ... lets see whether does it happen.
haha bunny, hevea went up from 1.05 until the price now since you call for selling, 40% return in just few months. much better than ur inari ding dong there wakakaka
Bunny ah bunny, what's your intention? As you told us earlier? If I had listened to you, I did not make tons of profits. Really, you this kind of people when I see you on the road, would like to punch you right on the face then laugh at your ignorant. People saltedfish said this management is fishy then you followed blindly said it's fishy without any proof. Then I also can go to liihen or air asia there and keep saying their management is fishy. The only reason you are doing this is either you want people to suffer losses or want to push down the share price. However, if you want to push down the share price, you are still considered very low level compared to the previous few syndicates
dunno about short term la. but all i see is a company, which has grown rev/profit for the last 4-5 years, flushed with cash, very low debt, good margins vs evergreen if you can consider comparable biz la...don't even talk about stronger USD. Those who want to wait for 1.05 or 1.20 by all means do so...but i'd be collecting now...
yeah fly back gogogoogogog, All dumb sell at 1.4 now crying , purposely push it low for those loser to sell. Great strategy for the big gun to buy low and earn again.
Market overreacted to BNM's new rule. At year 2015 Hevea's currencies exposure profiles of other receivables and deposits were kept in USD is only RM 212k (after conversion) . Deposits that kept in license bank, USD was only RM8.5 mils (after conversion) compared to RM 79.8 mils, approx 10 percent. Means that new regulation has insignificant impact on Hevea since most of the reserve are keep in Ringgit. 25% of quota no even achieve.
1.20 hahaha..i tak boleh tahan when i read those jokers comment here, CIMB target price 2.37, . almost 50% discount, i will showhand this time if 1.20. below 1.40 i will start mari again, price 1.40-1.50 is still consider cheap for me. 1.50 close for end of the year 2016 that is ok loh, next year 1.80 cukup loh. if 2.00 it will be bonus, so, Buy Call..
when u look at the chart, price went down with very low volume, it means no major sellers, only small fearful holders selling....u only need to be fearful when price drop and volume is very high.
In making specific reference to the Malaysian Rubber Glove Manufacturer Association’s (Margma) call for an exemption from having to convert 75% of its export earnings to ringgit, he said BNM has already provided exporters to hold higher balances (with the central bank’s approval) to meet their obligations in foreign currency.
“Thus the request by Margma to reduce the conversion of foreign currency proceeds into ringgit from 75% to 50% is already addressed by BNM including the double conversion concern,” said Abdul Rahman in a statement yesterday.
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....
JackLee123
62 posts
Posted by JackLee123 > 2016-12-05 10:26 | Report Abuse
time to collect 1.46 now demand at 1.45 high