just saw from their annual report, they have Forward foreign exchange contracts of rm 18.7m , and a Net fair value loss on derivatives of rm2.3m
in the sensitiviy analysis for 2015, for every 10% USD strengthened against RM, the loss will be 291 compare to during 2014 when usd strengthen 10%, they company gain rm1.5m
@The Group’s revenue and PBT of Q1FY2016 increased by 6.7% and 30.1% respectively if compared to preceding quarter Q4FY2015. The increase of both revenue and PBT were attributed by the strengthening of USD against MYR.@
its not about hedging, JF......Homeritz results is indicative of all export sales counters in this reporting season......don't believe me....just look at Top Glove results which reported 11/2015 results earlier. All the increase in revenue went straight to profits....that is why 6.7% increase in revenue became 30% increase in profits.
expectation of oil price to go up and ringgit to strengthen is behind today's selling......
I expect oil price to gradually move up,,,,and Malaysian stock market to also gradually move up...and on spectacular profits of Malaysian exporters , quarter after quarter.
Homeritz own analysis of its results you don't want to believe.
@The Group’s revenue and PBT of Q1FY2016 increased by 6.7% and 30.1% respectively if compared to preceding quarter Q4FY2015. The increase of both revenue and PBT were attributed by the strengthening of USD against MYR.@
choose to believe your own imagination.......lol
ted by Gabriel Khoo > Jan 28, 2016 07:42 PM | Report Abuse
USD drop ka, market down ka, RM1 riniggit share with DY3.34 and growing revenue for the past straight continuous X8 X8 X8 X8 quarters. the PE will become lower and lower.
can buy ? yes, tp ? 50 millions revenue !!! go go go !
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....
NoEyeSeelo
76 posts
Posted by NoEyeSeelo > 2016-01-28 08:28 | Report Abuse
HOMERITZ CORPORATION BERHAD – AGM. Date: 28th January 2016 Time: 11 :00 AM .