I'm not sure if it's wise to hold on anymore... broke last strong support at 2, below 200 MA... waiting for time bomb when it triggers Koon's force sell point...
yes downtrend If trader avoid this stock temporary..but...investor Opportunity to buy more(long term)... trade is your own risk...this only my opinion not buy call
When everyone is so freakout by big parties dumping shares and the direction of the share price, you can't find a better place that offer such great value most of the time
A few things to remember before cutting lost: 1. The worst thing can happen is money trapped in this counter still able to earn above FD % dividends. 2. In current market sentiment, do you have other sure win counter to earn your money back? If yes then cut loss. 3. With unending and worsening 1mdb saga plus the probability of FED rate hike, do you foresee ringgit will recover? 4. As pointed out by Harry Teo, their forex rate is taken on the last day of the quarter, 31 March at 3.90. If the rate on 30 June is higher than 3.9, forex loss will turn into forex gain. 5. Forex loss recorded in 1Q2016 is unrealised and the company actually increases its cash flow.
Taann is having div and bonus ex within a week where FLB doesn't have. However, the dropping of it should not be unduly worried as the USDMYR is strengthen now at 4.12. The translation of USD trade and cash balances to ringgit in next financial account compare to this quarter will incur a forex gain if current USDMYR rate is >3.93.
So, if we make the P&L projection by assuming the revenue & profit growing at current rate, the selling and admin expenses increase in tandem to the revenue, the item "Other Expenses" will become a forex gain. Projected EPS in nx Q will be more than doubled to Q1.
yeah! they can easily maintain its dividend rate as last year with its strong operating cashflow. Can stay in volatile and collect the dividend while waiting for rebound.
Clarence Bak cant agreed more on your 5th point on the unrealized forex loss that misled the performance of the account. If this unrealized fx losses comprises of majority of their US AReceivable, then by this time if customers actually pay now, they r having fx gains for sure if their book rate was 3.93. By I think the main worrying point is more on the removal of double tax deduction that is going to b permanently reduced their profit margin. Anyone have made analysis on the % of this tax impact on their revenue or margin?
Kyy is silent now , investment philisophy of market crash makes us loser, it is lesso learnt, as a lesson, beware of other stocks he hold now like lihen And vs
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....
chl1989
2,552 posts
Posted by chl1989 > 2016-05-27 15:00 | Report Abuse
He is twisted. Happy to see ppl losing money :)