Kuang SingteeThe profit is due mainly to unrealized forex gain recorded in the account and not real cash. What nonsense is this? When the company gain in forex exchange she gains in profit because the buying and selling of a commodity the company need to pay less or when she convert the currency into ringgit she makes more! For the last few quarters in 2015 and 2016 Malayan Flour lost money mainly due to forex lost as shown by the article written by Riche Ho and that was why the price of Mflour keep dropping. The price drops very substantially I feel in mainly due insider trading and manipulation, nothing more and nothing less
Woo JohnKuang your description made real sense, this counter is manipulated. Urge all investor to take caution.
ChickabooCant understand. Why insider throw now and not later when px up further? Since many are buying due to good QR and dividend ...also, there is no short selling option in klse... why make it drop now?
Kungsing TingAs what I heard from my friends, QR result lower than what they expected. And profit was came from foreign exchange rates. No really make a good profit. I had sold out what I have last week and waiting price go to bottom line or until fair price of market. Happy Journey...
ChickabooAlright... time to buy in ^_^ and target to break 1.65 before end of this week. Hope no more bad news