I'm not sure. I did email them but there is no response. It is actually unrealised forex translation loss. Hence possible for reversal. My only worried is the FX is related to their hedging to their commodity raw material.
Hedging of forex theoretically will not drag the company into such big losses. Because if the company sell usd to lock the forex exchange rate uss receipts. The losses will be mitigate by the actual usd received . My concern is whether it is arises from big foreign currency liabilities. Such as usd loan to finamce capex or foreign currency owing to suppliers 😐 If the forex losses is due to hedging, than it looks like company is gambling on forex rather than hedging forex risk 😥
100 mil uss will loss rm20mil if exchange rate fell to 4.7 from 4.5, took? Loss rm 150 mil. The liabilities os about isd 800 mil. Veli big wor.... Lucky it is loss of associate. The total loss of the company is limited to money it invest in ESSB, Tiok? If things are veli serious, how come hiaptek still take up ESSB right issue? Tough guess. Tough investment decision Buy or no buy leh
It will if the hedge their raw material that suppose to use for 700mt to 2700mt. I'm not an expert in this. Mayb you be more familiar. I just drawing parallel base on what i seen from Airasia previously where the hedge their oil and make big gain and big loss from the fluctuation of the oil price. If not mistaken, there was a impairment from Airasia previously when the hedging went the opposite way.
Wow, it just went above SMA 200. Not a technical person, but I guess that is a good news? The QR is expected to be released by this Friday, 29th. Will this friday be a good Friday???.... @^_^@ meow....
Last 2 days my sell q from 385 to 400 kena sapu habis, I tot this time.kena ppl collect my stock liao.... Now come back down like that, dunno what happened. Got to wait to look see look see can buy or not
Above expectation quarterly result, operators n retail investors want it to drop to 36-37 cents also nothing to say........Like MSM, kena goreng up until like near future very bright...:)
389 buy back a bit first. Kenot chase. The burger sell down before announcing positive results, dun play play cos they can dump down further to those who dare to chase....
Yes. While ESSB performance is a little lacklustre, Hiaptek performance is consider good. In any case, the ESSB's performance is acceptable, and this provides some additional insight about their operation. Considering that ESSB's new capacity has only been in operation for about 2 months as it only began on October 23. Moreover, since then, it has only been running at 80% capacity. I hope it ramps up to 100% by January. They also mentioned the high cost of raw materials, which I assume to be iron ore. Since January, the cost has decreased by roughly 25%. Of course, the price of Steel has decreased in tandem. So let's wait another 3 months to see how this affects the next QR.
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....
tksw
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QAQ22 star follow by a red candle today. .. those chase to 390 now trembling liao...