Sell, then buy again once MYR hits ~RM3.95 to the Dollar and the price is at ~RM1.05. Hevea still has solid fundamentals and is probably the best fibreboard company in SEA.
Bad market sentiment. Dun too focus on USD exchange rate. Back to basic, Hevea's main exporting markets are Japan and China despite trading with USD dollar. Anyway, I still can't figure out why 3Q17 GP margin dropped so much. I dun think just the forex issue only.
This stock market give me free airdrop also I don't want to take!! Everyday drop only I go take Bitcoin airdrop better, and it is backed by USD not your worthless toilet paper ringgit :)
When us rate hike, dollars will very strong and ringgit will weaken. But it doesn't mean Hevea could do well next Q since problems such as high materials cost and labours issue are pertaining.
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....
Babiyou8
94 posts
Posted by Babiyou8 > 2017-12-05 09:09 | Report Abuse
USD is 4.05, beware