No matter how fantastic the next reports comes investors have left this counter in anticipation on further strengthening of the myr. It's a beautiful stock but sayurana already.
FL Bhd is fundamentally sound, Strengthening of MYR of course will definitely impact the company's profit margin. But FOREX fluctuates daily. If Forex related counters is able to have sustained revenue due to increase in sales volume and not solely forex translation gain, even if MYR strengthens, the counter will still do well. In additiona, FL Bhd has a dividend yield above 5%. To me, this is once again a solid counter
you can say whatever you want to say but the fact remains, after i say sell, the price goes down just look at my track record. so i advise you to be smart about this.
Big shark tksw, i got another gem for you. As good as flbhd. Called SHH. Plz take a careful look as it is another USD play. If you want non-usd game, u can try to look at CCB. :)
"The greatest challenge of investing in this environment is neither the punishing price declines nor the extraordinary volatility. Rather, it is the sharply declining economy, which makes analysis of company fundamentals extremely difficult. When securities decline, it is crucial to distinguish, as possible causes, legitimate reaction to fundamental developments from extreme overreaction."
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....
77huat77
1,782 posts
Posted by 77huat77 > 2016-02-03 15:16 | Report Abuse
So ?just like muscle said!sentiment not good demand will decrease