Wllow normally won't perform at 3rd quarter. This year some Willow project milestone payments had been delayed to December such as LRT due to some incidents occurred. However, do check the quarter results- For 4th quarter profit/revenue will increase (proved in last few years). Don't worry, when I attended the AGM, the growth still intact and the profit this year will surpass last year as well.
Foreign currency risk arises from Group entities with Ringgit Malaysia (“RM”) and Singapore Dollar (“SGD”) functional currencies.
A 1% strengthening of the Euro, SGD and USD against the respective functional currencies of the Group entities would have increase/(decrease) profit net of tax by the amounts shown below. This analysis assumes that all other variables, in particular interest rates, remain constant.
Group 2013 2012 RM’000 RM’000 Profit Net of tax Euro/RM 4 9 SGD/RM 185 69 USD/RM 0 2
SGD currency has since appreciated about 5% to date against Ringgit.
Expected It translate into 185,000 x 5 = 925,000 net of tax if calculation and assumption is correct.
I am just wonder why they do not announce the contract value in SGD since it is the subsidiary in SG that won the contract. Willow is one of the companies that will benefit from weakening ringgit as 80% of its revenue come from SG.
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....
Josh Ong
449 posts
Posted by Josh Ong > 2014-10-07 14:43 | Report Abuse
This correction is not scary... economic crisis is too early to happen now...