Basically what i can summarized is that, it is not Q4 is not good, it was Q3 that registed too high level of forex gain which helped by higher seasonal sales volume.

hissyu2, please elaborate more so that i can seek advice from bursa dummy.

As for "strong USD contribute to higher revenue in MYR", i agreed in general. Weak ringgit will actually prompt more export in volume (but not necessary higher USD/ringgit value because customers will definetely ask for discount or manufacturer himself offer more discount).

So, in general, Ringgit at current level of RM 4.2 will certainly drive more revenue compared to when ringgit was in 3.2. This is almost for sure.

However, Weak ringgit at the same time will result in higher cost when purchase raw material IN USD or more finance cost if got USD denominated loan. Imagine if you buy raw material in Q2, and need to pay in Q4, u will have to record down the substantial realised (paid) + unrealised forex loss (trade payable) along the way.

But when come to Revenue, if you do a lot of USD sales in Q1 to Q3, you will happily registered both realised (collected payment) + unrealised forex gain (trade receivable), UP TO Q3, because ringgit has weakened from Q1 and weakest the most in Q3 (refer my article in thong guan USD loan)

But when ringgit/USD turn mixed in Q4, the dollar received will now be exchanged to much more / much less ringgit, either realised (received) or unrealised (trade receiveable). This is because When the ringgit/USD fluctuate in very narrow way, the forex gain/loss become very mixed too (almost like both loss and gain case for Q4), and not as straight forward like Q3 (forex GAIN)

I'm still establishing some evidence for this for my own future reference. I think is very important for me to be very sensitive to exchange fluctuation when invest in export stock.

If Ringgit turn strong, say above 4.00 and all the way to 3.8, then a lot of export company will most like registered exchange loss because dollar received now will exchange for lesser ringgit.. I hope you understand what i'm explaining.

paperplane2016, both Bull or BEAR mkt are my friend. Thank you for your concern.

To all readers of my article out there, if you have suffer losses due to my articles, i'm very sorry about that and please avoid all my articles in future.

Cheers,

YiStock

Additional Note:

All my articles are for reading pleasure only and should not be treated as buy/ sell call on any particular company mentioned in the articles.

I can never be 100% sure on the data i sourced and correctly predict the performance of the company I mentioned in the articles.

My investment strategy is very simple, If the business fundamental is improving, i will buy in whatever amount i can. On the other hand, once i start noticing sign of deterioration, i will immediately cut the profit / losses. I only take care of downside, the upside will take care of itself

If i missed any investment opportunity, i will acknowledge i missed it. If i make a mistake on judging the source of info or material i read on certain company i invest in, i will only blame myself and vow to do better in future.

My strategy is FA come first, and forever FA.

DetectChan, sorry to know that you suffer heavy loss. For your own sake, next time please avoid all my article at all cost. There are just kopi-o research. The best is avoid all the companies i have studied. You are right, in your way, that all the facts are not clear. Therefore, please avoid all my articles. Thank you and once again sorry for to hear for your loss.

Alpha Trader, i'm using final figure as comparison.

Invest1188, USD was weakening against RM in Q4. You don't compared the 4.3 with 3.2 during the early of the year. But monitor the rate of fluctuation within last Q itself. (1 Oct to Dec 31) => USD DEPRECIATED AGAINST MYR. This is the meaning. USD loan is subject to forex gain/ loss too

Icon8888, your guide on this is very much appreciated. Kindly provide the doc if you manage to find. This is a thorn i long wanted to pull out from my finger. thank you

Ramen :-)

Icon8888, Yen was at about 125 to 1 USD level from Jun to Sept 2015. I believe we still have a some buffer for Yen to weaken further since the Yen is now at 121.

Icon8888, about the japanese yen issue you mentioned in your article, i interpreted it in this manner, the negative interest rate will result in bigger consumer spending/ investing. i believe it will up the demand for product. You think?

Soo, fully agreed.

If the forex loss is due to the "USD denominated loan", I do notice the loan has been pared down quite substantially and in pretty fast manner for the past 3 quarters. I hope that forex loss of about RM 3 mil will be added into the profit when the loan is fully settled. Cheers!

madguy, this is a billion dollar question.

You may buy from ROC

1:1 possible

thank you.

Hi valuegrowthinvestor, can u explain more in details about the exchange contract i.e. how is the mechanism, the locking period? The time frame? This is a very important element as i also see them appeared in many companies. Thank u

Mr tan, pls cheeck. Tq

30%- Tguan-wa
20%- Tien Wah
20%- Geshen
20%- Mudajaya
10%- gkent

Mr Tan, If not too much trouble for you. Please include me:

30%- Tguan-wa
25%- Tien Wah
25%- Geshen
20%- Mudajaya

Thanks

Cptan88, it is always not too late to buy more. My dilemma is always selling too fast. I am now learning to be "extra" patient. Let practice this patient testing skill together.

Hi duit, happy new year to you and all i3 members. Indeed, everyone will have a wonderful 2016 with abundance of health and wealth.

i have average price of above 1.2

Chris18..I do not know about IQ group, but i suggest you net out the foreign exchange gain quarter over quarter to have a more organic look. I like mieco because it is not affected by the fluctuation of foreign exchange. I call mieco a 实力派。

Yes. I am very patient to the stock i bought.

Congratulation!

Straight to the point? Yes, please put your money in FD.

knf59, please see this link http://www.ijm.com/web/download/ijmstory_3.pdf

Icon8888, actually i win by learning. 活到老学到老。投资最忌不学无术。学人之长，补己之短。有心学， 永远学不完。

knf, i started buying only when the price at all time low. Angel is the most faithful i believe. Thanks Angel for highlighting the AGM details. I believe the commercial selling of electricity should be in January 2016

Icon8888, i know you are among the mr chong's most outstanding disciple. I seriously want to meet you and learn from you.

hi zbaikitree, good morning. happy to see you still in bursa. Merry christmas. Do grow up to be a mature investor and able to think logically for 2016 ya..Cheers!

Merry Xmas to my guru Mr KCChong.

I have a 55% overall portfolio gain (36% realized and 19% unrealised gain) for the year of 2015. I must say big thank you to you and you are true guru of all.

I am 99% confident that my portfolio have another 300-350% upside potential for 2016 where i recently has completed my portfolio restructuring. I am still sharpening my investment skill.

Looking forward to meet you in next year June during the KCChong Investor Club 1st Annual Retreat in Johore. Thanks and may you are blessed with all the good health and wealth.

From, YiStock

patient and passion Ezra.. cheers!

Actually they did, refer note B13. If you are referring to foreign currency under comprehensive income, i believe this is problem with presentation and functional currency. This sum is not operating income, and is actually under foreign currency translation reserve under Equity which may or may not be realised as gain so long as the business continue to run.

I do not know the actual reason. But i believe 100 people will have 100 different explaination for the drop. Therefore, i dont really bother too much. Maybe u should start ignoring the price movement too. Cheers

Mr Tan, kindly please update below dividend:

1) Inari dividend ex on 26/11/2015 - 2.8 sen per share
2) Scicom dividend ex on 10/12/2015 - 2.0 sen per share
3) CBIP dividend ex on 11/12/ 2015 - 3.0 sen per share

Thank you

Chris18, see my latest update.

volks2, i didnt buy or sell frontken. still at cost of 0.205..hope the best (recovery of Oil&Gas) and preparing for the worst (forever no recovery of oil & gas). I constantly update my frontkn kopi-o research under same post http://klse.i3investor.com/blogs/frontkn/82229.jsp. Please do your own research and share it with us...never follow me. I'm high risk taker. A lot of my research is based on assumption and expectation. Cheers.

Sure Ezra. No worry. I made money so far. Thanks to sifu kcchong and sifu OTB.

Oh ya...my bet on inari-wb was real lucky. 48% paper profit so far. :-) I choose to let the profit run till 2.20 and will decide if to dispose or keep.

Kwl8888, i have couples of stock i hold quite sometimes.

I recently acquire:
Mieco (expecting higher earning via degearing under new ownership);

Eita (to benefit from local mrt2 n lrt3 project)

Tien wah (turning around) under new singaporean leadership and vietnam exposure

All above are in the red zone.

Value 88, not all region are affected. Phillipine and cambodia are booming. I hv specially used colour to highlight this. While macao and sg casinos are affected, philippine is doing exceptional well. I will most likely still hold rgb when macao start doing well and philipine not doing well. I interprete this way. Semi conductor is doing well in malaysia now but maynot be doing well in 2016 / 17 if ringgit recover, will i sell my semiconductor now or 2017? I m not sure. I will still pay attention to the company fundamental in 2017 before i decide to sell or not to sell. Future is dedicated for future, let make decision based on FA. This is how i interprete. I may be wrong. I treat it as Risk of Investment. Margin of safety is key / blanket for such risk. RGB drop from 0.20 to 0.16. I m still safe. If it drop to 0.10 now, i may or may not buy. Hope u get my point. Cheers

Pputeh, SSM is representing sales&marketing and manufacturing. TSM represents machine conssession program and techninal support management. Those are 2 important core segment for RGB

I do not hope for dividend, but i hope they quickly settle all the debt, and use the spare cash to start share buy back or at least do more strategic in-organic growth. That should help to propel the share price faster.

Hi Noby, I am paying attention on Philippine Gaming Biz via the link i provided above. Based on the Q3 SSM, my guess is the the balance stand very high chance to be registered in Q4, and possible some spill to Q1 2016.

I estimate it should at least worth RM 0.20 on minimum site.
Reason:
1) I notice the finance cost has been cut down quite fast.
2) IF i remember correctly, they are planning/ in the process to sell an asset near macao which can enable them to off-set balance borrowing. That should translate into substantial sum of earning every year.
3) I have projected a own figures for the Revenue and profit based on traditional profit margin. I suspect it should give around 0.73 sen for Q4. That translate into 2.07 sen EPS for whole year.


Again, is just prediction.

Icon8888, if i spot what you have spotted, i think that is within "expectation" even though it has make the results look impressive. For me. i didnt add / cut stake. I opt to continue monitor the situation.

希望不要下季又乌云罩顶

Yes..bought substantial today. Thank you for market panic. Contrarian win

Angel, 守的云开见月明。。。congratulations!

Dontfollowblindly, you are absolutely right. Cheers.