Geshen.

1. Revenue momentum is strong as Q4 2015 despite huge drop in USD/RM.
2. PAT hugely affected by UNREALISED forex loss of RM1.2m as compared to RM6,000 last year.
3. Strong cashflow and repayment of borrowings. Expect to reduce finance cost in future.
4. Investment in PPE shall generate more sales soon.
5. ESOS of the company shows confidence. Major shareholder ain't likely to distribute rubbish to himself?

FYI, ESOS price is not determined yet and is usual tactic in market to tekan down before announce. Not a good stock?

The macro economy factors are helping ge-shen much for this Q3 result if you analysed the company in detail. As long as crude oil price and RM stays low, ge-shen should be able to sustain this growth and performance, if not, stronger performance in the next result. Suggest BUY now and TP >RM 2.50 with 3Qs average EPS valuation.