Assuming ASP increased from USD 20 per 1000 pieces to USD 21. That is a 5% increase and the demand also increased 10%.
Offsetting strengthen of Ringgit against USD about 5%.
Estimated revenue next quarter = 637 * 1.05*1.10*0.95 = 698 million
Still higher than last quarter although there is 5% effect in exchange rate. The raw materials are purchased in USD, offsetting against revenue in USD. No big impact to the profit margin.
Based on this article gloves ASP raised USD 20 to USD 22 per 1000 pieces.
Jean Kaseya, head of the Africa Centres for Disease Control and Prevention (Africa’s CDC):
“With a heavy heart but with an unyielding commitment to our people, to our African citizens, we declare mpox a public health emergency of continental security.
Mpox has now crossed borders, affecting thousands across our continent. Families have been torn apart, and the pain and suffering have touched every corner of our continent.”
According to the CDC data as of August 4, there have been 38,465 cases of mpox and 1,456 deaths in Africa since January 2022.
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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....
Vincenzo999
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Posted by Vincenzo999 > 1 week ago | Report Abuse
As of last quarter Topglov has MYR 418 million loan in JPY. Strengthen JPY against MYR not good for Topglov.