BJCorp's entire borrowings and leasing liability about RM 6 billion before minus cash 1.3 billion. With such big size of borrowing, the incurred finance costs 253 million in mere 9 months. What would happen when Fed hike interest rates to 2.75% by the year end? Haha
#Banbulldog on i3 forum. Bulldog should be banned from commenting. This bulldog manipulated counters such as Woodland, Bonia, Berjaya Asset, Berjaya Corporation and many micro caps stock. Really cunning fella
Talk is easy. How to fix it again at RM3. 80 for a Dollar? Unless the gov have enough of USD in your drawer else the Centre Bank will not be sacrificed from your mischief and mismanagement of the hutang negara. Now, exceeded RM4. 40,
The increment of the interest rate from the Fed Reserve/USA is seemed unavoidable. The interest rate is used as a tool to tackle the inflationary effects on the price and the money supply.
The borrowers are very sensitive towards the increment of lending rate from the banks. They would dispose the investment even in overseas and move the money back to US to reduce the loans outstanding which will reduce the cost of their borrowings. If the selling is at a larger scale over the various markets whether in Asia or Europe, the selling with cause the various bourses to suffer decline. The local currencies will also subject to depression when the proceeds from the disposal of equities/shares are being sold for the the demand of USD before repatriating the funds back to US.
So, the impacted areas are the decline of the indexes of the stock exchange and also the currencies as a result of the movement/increment of the interest rate in the US.
Berjaya Food Bhd, which operates the Starbucks and Kenny Roger's Roasters franchise in Malaysia, is set to announce a joint venture (JV) with international bakery operator Paris Baguette Singapore. The JV signing ceremony is scheduled to be held next Monday (June 20) at Berjaya Times Square Hotel, according to an invite sent out to the media. (TheEdge)
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....
wallstreetrookie
9,784 posts
Posted by wallstreetrookie > 2022-06-07 11:33 | Report Abuse
Yeah