Mr Shark "I bet USD will fall and crude oil in return will go back up. " HAHAHA It tooks 1 week for crude to reach $36 and dropped back in just 2 days. Do you really think this oversupply issues end so easily?
This one looks interesting. Went down with most other counters yesterday but has rebounded to above 1.00 again. This is notable, and psychologically important. Going to check on its previous quarterly reports and check the technical charts. But only 2 trading days remaining before CNY. Will have to hold over a long weekend - again - and hope there's no shocking, earth-shaking event when our market is closed.
Still can entry at this price level. For risk taker, can consider buying warrant.. It has been losing its premium since the market sentiment becoming bad.
"follow the trend" from @sharktank - Thanks for reminding me. Must remember and adhere to this. Significantly better chance of making some money. And minimising loss when it's not possible.
US tempory no increase the rate for this year and OPEC want to cut for prod to solve oil oversupply issue haizzz .... export counter face risk on this year ... usd up since 2014... may stop on 4.5 level .. then drop back to 3++
Actually FOREX had little impact on Homeriz as it hedge most of it using forward contract. Thats why last two QR does not showed huge forex gain even MYR weakened. Pls refer back to the note in latest qr.
Look at note 13 of latest QR. Loss on foreign exchange was 1.51 mil and gain from foreign exchange contract is 1.58 mil. That means the company only earn 0.03 mil on foreign exchange. Note 11 state that the group still had around 6 mil worth of forward contract. So u can do the math by your own.
Homeriz is a very conservative export company. MYR weakened didnt earn much, strengthened also not earn much. The Group’s revenue of Q1FY2016 increased by 6.7% if compared to preceding quarter Q4FY2015. If export theme it shouldn't only increase 6.7% while MYR weakened so much within the period.
I did not deny that Homeriz is export oriented but I don't think that the so called export theme play will help it much as the conservatives of Homeriz management doing business.
However, I might be wrong and my entry cost is just 40sen after bonus issue. So buy and sell at your own risk.
I'm puzzled as to why they worry.. Previously usd was much weaker at 3.++ but still this stock performed. Now it's 1 usd = Rm 4.1, not as weak as before. This quarter also show good performance but still yet to see some upside. Wonder if something is holding it back..
P/E is a good indicator for investor at a first glance. But if u want to really understand the company, u can't just based on P/E itself because it might not be accurate every time.
Hi franzie, people are worried because they don't study the company close enough. If u really look into detail. Read between the line u will have high confidence in Homeriz.
Just for your information, I have both Homeriz and Chinwell. I will sell Chinwell but not Homeriz.
I think the main reason of drop is due to strengthen of MYR vs USD and some funds managers start to take profit. as you can see, not only Hevea but most of the export company are drop like hell... now no choice, I have to think to average down or hold or cut loss my share on hand.. who know myr vs usd will back to 4.5 again in future?
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....
red_85
1,259 posts
Posted by red_85 > 2016-01-30 17:32 | Report Abuse
Stop add first. Wait next support point and wait myr stable back. Now myr damn strong, alot of ppla are buying myr