USD getting stronger and Homeritz qtr result above expectation , market maybe forecast LiiHen and Pohuat will get better result as well and price start boost up. My target 1.60-1.65
Coming quarter will be good due to the strengthening USD + the easing of the freight charges. Both LiHen and Pohuat will report skyrocking results soon. I was told they managed to increase the ASP and pass all the raw material cost increases to customers.
no need to call lah. they tell you the "good news" only. their 2q could be good which i agreed. but moving forward, they will cry for business , no need workers anymore. if u were the US consumer, will u buy furniture now ? or u prefer to wait and see later ? inflation in US has gone so high, they will keep cash for daily use first.
Time to run. USD/MYR exchange is recording high. Despite US new home market slow down, the decreasing freight charges would increase the profitability of the company.
1st half of financial year 2022, foreign currency translation differences was RM 7,376,012 and this figure will be hit 15mil if Ringgit continue depreciate.
QR only out today. Next play is export sector. Companies will large cash position and minimal debt would be preferred investment as they are likely to perform in the current economic scenario
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....
Cakes Moon
6,930 posts
Posted by Cakes Moon > 2022-04-24 15:18 | Report Abuse
USD is getting stronger while demand for furniture is also at a historical high.