@jeff lee please look at the currency exchange right now!
USDMYR 3.96 and it will strengthen further to 3.9 Even though the oil prices drop below 40$ per barrel again but ringgit still strong! it means foreign institutions are buying local blue chips and whatsoever. Export oriented companies are in danger right now!
Many here think export counters can only survive if USD strengthen,all their products are useless & no market at all,their survival & profitabilty depend solely on the appreciation of USD.The director already made it clear that even if USD appreciated,their customers will ask for discount,can't you guys understand that?
Hevea will settle their USD denominated loan by June & with the current weak USD,imagine how much they can save,think positively,why keep focusing on the bad thing?
Like saltedfish said,management purposely announced dividend & share buy back to entice buying of hevea's share,think about it,if management so particular about the fluctuation of share price,how low can it go?
agree with Rosmah, when the RM weak, customer/supplier will request to change price. For Example, when the oil price drop all the logistic company need to reduce price to remain compatible. So at the end the earning still not much different maybe only 10% higher. The only thing that can influence much by the currency is the labor paid.
I know you guys are losing money and trying to look for reason to hold the shares. But look at the market uncertainties. Would investors buy export counters when ringgit is strengthened against USD? Cut loss if you are still able to bare the loss otherwise hold for at least months.
yes! investors will buy it if they know how much it worth and even the USD is weak. USD 1 convert to RM3.80 i also buy it, it only 10% influence on profit
bullorbear, pls refer to Pohuat 's Currency Risk Management (in the annual report 2015). the strengthened or weaken or USD/MYR is not so direct calculation impact for the PAT. The impact will be more less as we tot. Next brighten-star for HEVEA is the Japan Olympic 2020. wait and see... if you still got profit at this moment you can sell and buy back later, If you really long term player may hold and wait. Hevea also will settle it's borrowing within this year, so may have more cash for dividend payout in future.
If not because of weaker USD,you think can buy at this 1.20 price level?Buy now,next month change of central bank's governor will change the current scenario,don't miss the boat!!
Date Name Remark 31/03/2016 MR YOONG TEIN SENG @ YONG KIAN SENG Acquisition of shares in open market by Firama Engineering Berhad. 31/03/2016 MISS YOONG LI YEN Acquisition of shares in open market by Firama Engineering Berhad. 31/03/2016 MR YOONG HAU CHUN Acquisition of shares in open market by Firama Engineering Berhad.
28/03/2016 MR YOONG TEIN SENG @ YONG KIAN SENG Acquisition of shares in open market by Firama Engineering Berhad. 28/03/2016 MISS YOONG LI YEN Acquisition of shares in open market by Firama Engineering Berhad. 28/03/2016 MR YOONG HAU CHUN Acquisition of shares in open market by Firama Engineering Berhad.
Rosmah, for those listen details for the BFM interview. They will not takut for the current USD depreciation, but provided the managing director is telling the true. Hopefully will be another good new for the coming 2nd half of year 2016.
whether the export stock will drop or not i really don't know, an i even don't expect it drop below 1.10, except the USD 1 vs RM break below 3.80. this may make the price down to another 5%-10%. but what i observe the current price is getting stable, the price drop again it wasn't bring benefit to syndicate, because the real buyers will more than real sellers at current price. Investors shall buy as mush as you can if it drop below 1.10.
so many stocks are undervalue, but hevea is worth to hold, estimates minimum EPS 17-20 or above on financial year end 2016, based on P.E 10, price will be minimum worth to 1.70 to 2.00. if you think this stock is no good, please sell it fast hahaha
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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....
Jeff Lee
327 posts
Posted by Jeff Lee > 2016-03-30 08:14 | Report Abuse
hevea definitely oversold.. if based on recent performance eps 6 cts. let's calculate based on 4.5 cts, 1 year eps 18 cts, still cheap.
Somemore we have to think the next 2-3 yrs trend is US Fed reserve going to increase rates, money will slowly all flow back to US. USD will increase