Icon8888 only recommend those counter with potential EPS. I follow jaycorp at around 90cents. And I believe the company can perform even better in the coming quarter.
Over the past Q1FY16 quarter, the RM/USD has gone from 3.82 on 31/7/15 to 4.29 on 31/10/15. It stands at 4.32 today and it is unlikely it will crash as sharply as the past quarter. If the exchange rate remains flat at this level, there should not be anymore marked-to-market derivative loss and that provides a margin of safety to the sustainability of their excellent FYQ1 results.
People will probably start rotating back to the furniture related stocks such as Jaycorp, Hevea, liihen and etc from the glove stocks as most of them probably already have a forwarding PE of over 15. Thus the export oriented furniture stocks appear very attractive again with the forwarding PE of less than 10. Imagine if they are rerated with the PE of 15 like the glove stocks.
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Posted by somchik > 2015-11-11 11:43 | Report Abuse
cakap dah pada 4.11.15 aritu . dah masuuuk bomb ..kan dah kene letup kikikiki