The stronger Ringgit against the US Dollar during the current quarter has resulted in a forex losses of RM1.65 million incurred against forex gains of RM0.17 million in the previous year’s corresponding quarter.
After factor in this quarter result, for whole year, Poh Huat still trading at attractive PE compare to its peers. Why need to sell, will buy on weakness tomorrow.
Poh Huat, Hlbhd, Latitude Tree sell more products but cannot sell a lot more, thus they could not increase profit. Instead, forex loss eat into their profit.
If the director had sold prior to announcement and knowing the poor results action should be taken for 'insider trading' Incidentally notice also, Poh Huat announced the results today (last day). This reflects badly on the company
I choose to hold. The drop in profit is affected by forex loss and temporarily factor of festival season. It doesn't mean that PoHuat is going to bad in the future. I will buy in RM1.30
the problem biggest is integrity........director should not sold the share a day before QR.if want to sell,do it much earlier or later on after the result.this look like insider trading eating us small time retailer up.i am not meaning to offend anyone here but just voicing my thought
Recent reports in the US showed that new-home sales in April 2016 surged to the highest level in more than eight years, pointing to a robust spring selling season for homebuilders. The prospects of a rate hike did not deterred home sales but instead bolstered confidence as it suggests the economy is doing better. Homebuyers took advantage of easy financing amidst raising household income and historically low mortgage rates. The US Commerce Department said gross domestic product (GDP) grew at an annual pace of 1.1% in the quarter, up from an earlier estimate of 0.8% and that the general picture of economic growth remains. With better economic indicators and pickup in the housing sector in the US, we expect demand from the North America market to be sustained. The prospects of US interest rate hikes and the continued strength of the US Dollars also means better purchasing power and better pricing for our products which, if sustained, will also translate to better bottom-line for the Group in the coming months.
Lulu la : u love me so much, since everyone want it down , no good i say up up right? lol.. most of them sold ady ma...so say down down down. Warrent buffet said must follow the wind, so i follow the wind.
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....
Leo72
131 posts
Posted by Leo72 > 2016-06-30 17:20 | Report Abuse
bo huat for now