haiz lingering between 1.82-1.87 since some time...need strength to pass 1.90 wall... usd myr now is quite uncertain...support at 4.42-4.43 which actually much better than average in 2016...
President Donald Trump said on Thursday that in coming weeks he would announce something "phenomenal" in terms of tax although he offered no further details.
Renewed speculation that Trump's economic policies will help boost economic growth and inflation pushed U.S. Treasury yields higher and lifted the dollar.
time for USD to fly soon. markets are bidding back on the USD on the backdrop of Trump tax cut and France political uncertainty. USDMYR should be well supported and may test the high of 4.5000 resistance again soon !!!
next quarter results could be weaker qoq despite strong ringgit due to seasonal fluctuations. and don't forget it has warrants so it's not exactly cheaper when compared to other furniture counters if you use diluted eps for PE. this counter may need to hold longer before it can move
US housing continue to show healthy growth and demand. This should provide good demand for Poh huat furniture. Coupled with strong USD now at 4.4500. It's good stock to hold for 2017 !!!
latitude and lii hen all recorded good profit due to high demand and strong USD. Guess what's gonna happen to Poh huat on the nex quarterly report !!! TIME TO HOLD ON TO THIS BABY
aiyaa, this is "normal" for PH. They always announce such thing to hint you that they are going to announce its quarterly on 23 march, 1 month before they announce
dont worry, no doubt the QR will be good. Is so fun to see how the mr market reacts, even reporting good result can see drop in share price-look at liihen~~ this reminds us to go against the crowd-buy when ppl sell (underestimate), thats how the wealth can get transferred~~~ =)
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....
anicca
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Posted by anicca > 2017-01-31 17:41 | Report Abuse
haiz lingering between 1.82-1.87 since some time...need strength to pass 1.90 wall... usd myr now is quite uncertain...support at 4.42-4.43 which actually much better than average in 2016...