Goodnews for Pohuat and export counters. KUALA LUMPUR (April 5): HSBC’s managing director and head of emerging markets forex research Paul Mackel said the reversal of Southeast Asian (SE Asian) currencies against the US dollar has come to an end and sees the ringgit weakening to 4.25 against the greenback by end of this year.
Zeti tenure ending end of this month. Will be exciting to see who is replacing her. Will RM weaken upon hearing the new replacement? if another crony is appointed, i believed market will not digest well.
Opec & russia discussion on oil freeze reach no conclusion. Oil might drop again. Zeti stepping down in 2 weeks time and no replacement. 1Mdb investigation from foreign far from over and sarawak election next month. Guess not all that bad for export counter. Buying more.
He said Malaysia’s furniture products, for example, had a wide acceptance in the US market. “We are seen as suppliers of quality home and office furniture. Indeed, US buyers often visit the Malaysian International Furniture Fair to directly source their requirements of high-quality functional furniture suited to US consumers’ tastes.
We refer to the announcements made on 24 August 2015, 1 September 2015 and 28 December 2015 in relation to the above matter.
The Company wishes to inform that the appointed adjusters, Crawford Vietnam Co Ltd, had proposed the third interim payment of VND11 billion (equivalent to RM1.92 million) for the fire damage claim and the Company has accepted and received the VND11 billion on 19 April 2016. This interim payment will be recognized as fire insurance compensation (Other Income) for the second quarter ended 30 April 2016.
The Company has received the first interim payment of VND11 billion on 11 December 2015 and the second interim payment of VND11 billion on 23 December 2015. With the third interim payment of VND11 billion on 19 April 2016, total interim payment received to-date amounted to VND33 billion.
The total settlement of the claim is pending finalisation and an announcement will be made upon confirmation/acceptance of the same.
The Board of Directors of the Company will continue to provide update(s) on any material development for the above incident.
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....
Mohd Fahmi Bin Jaes
29,224 posts
Posted by Mohd Fahmi Bin Jaes > 2016-04-04 17:31 | Report Abuse
then will be more downtrend