Esceram just started 1st uptrend wave, think will break 0.40 faster than LEESK. LEESK just completed consolidation after 1st uptrend, think this week could break 0.405
Export-oriented counters, such as furniture stocks and rubber gloves stocks, may be in focus as the ringgit dipped to its 16-year intraday low of 3.8405 today.
Not a very optimistic article on Leesk today in the edge financial daily. Boss reduces sales and profit target due to worse than expected adverse impact of post GST implementation. . USD exposure nearly fully hedged (thus minimal beneficiary of weak RM). However, optimistic that things will normalize in 6 months
I'm surprised that the napure and englander mattresses are manufactured by these guys when they bandied them as being Germany and UK made and/or top selling brands. Was already told by their competitors that they are locally made when I was shopping for mattresses but didn't know Leesk is the manufacturer. Didn't really like their sales tactics in showrooms. Anyway, for latex mattress, I'll stick with getha while spring mattresses, I have good experience with serta.
no doubt, GST has a big impact... Leesk, perhaps does what he should do... with high USD dollar, even if it nears to its peak, the only consequence would be extra profit...
The boss already mentioned that USD appreciation has very minimal impact since their exposure is nearly hedged. Anyway, if they want to goreng, they don't need a reason although having one will make the play and following more credible.
Me not a fan since they are in such a competitive industry with very little competitive edge.. Would prefer stocks like esceram or frontkn instead. Anyway, good luck on your trading guys
the boss of LEESK did mentioned also , they expect a growth in revenue and profit for coming quarter, domestic sale is only made up 40 % and 60% is export oversea, ( Japan , Canada , Singapore and etc ) they also mentioned the STRONG export sale can offsetting the group's weaker domestic sales ...
export is using US dollar. the boss say , the depreciation of ringgit or the stronger of USD will lead them benefits
Zzz.... lazy do comment ald... i just can say hold for this counter. Weak player are panic to selling... after selling is clear, will rise . Is all about time. Just watch it.. those who are interest to buy. now 0.355-0.365 is good time to buy. Happy trading. Haha
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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....
Butter
66 posts
Posted by Butter > 2015-07-31 09:17 | Report Abuse
Rise so fast