Kelvin until then also very hard to recover to the previous price. SO many people trap at higher price and have the mentality to sell off and break even. Better cut loss and buy back at lower price
many export companies are not prepared with this situation because its the first time in Malaysia history the ringgit come back strong. They got too comfortable without doing any back up plan when this situation happens
plz sell asap , what for holding ..... know the result is bad, and the shares prices will drop until RM 1, and not sure future will rebound anot ......so risky for what?
according to annual report, if USD weakened by 5%, there will be rm0.26 million loss. Now USD drop around 15%, so the loss will be 0.78 million. Divided to 4 quarter, each quarter profit loss will be 0.195 mmillion only. Anuual profit is rm23.7 million, not much affected on the profit. I think market is over reacted on the currency issue.
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....
RainT
8,448 posts
Posted by RainT > 2018-01-25 23:56 | Report Abuse
Now in mid FY2018
Vietnam plant to come in FY2019
So there will be coming few quarters with start up costs
Expect profit to be continue to weak