Hi, based on its annual report, its revenue is mostly from Europe. So, the affected currency should be Euro dollar instead of USD, isn't it? Correct me if I am wrong. Thanks.
Page 20 of the annual report (2013) states that "Furthermore, as our revenue is billed in US Dollars, we are highly exposed to USD currency fluctuation risk"
Yeah, I agree with you Ringgit had depreciated against Euro from 4.15 (October) to around 4.25. Refer to note 33, page 95,the segmental information of its revenue. I am quite confused with its statement.
First of all, from dividend alone, i can get 7.6% return.
If I am targeting 20% return in 2015 for Uchi, I need it to go up by 12.4% only (agree with you it is not exactly a growth stock).
Based on RM1.45, that is 18 sen.
As long as Uchi can go up to RM1.63 (hopefully the strong US Dollars can give it a push) and it declares dividend of RM0.11, I am within reach of 20% return.
If I look at Uchi from this angle, it suddenly become very investible (for me)
Hi, since its revenue are mostly from Europe. Beware of the Euro crisis. Wait and see after Jan 25th, after Greece's election, might mark the second round of the Euro crisis.
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MQ Trader 5711 views | 5 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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screwdriver
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Posted by screwdriver > 2015-01-02 15:39 | Report Abuse
I'm sharing the same view as you.