Bursa Stock Talk

Questionable Notion Vtec

bursastocktalk
Publish date: Fri, 20 Nov 2015, 07:33 AM
Bursa Stock Talk
First, the missing negative sign in the results summary page makes a huge difference.


It actually incurred a loss in 4QFY15!!


But, the misguidance by the management is actually more worrying. In the immediate preceding quarter, the company commented:


Bulk of the unfavourable forward contracts had expired. Things should improve from this quarter onwards right?


In the results released yesterday, the company recorded RM15.2m of derivative loss! Now the company said they still have exposure until May and September 2016???

Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment