Now news is USD index dropped 99, even MYR still ok as USD will be dropping more than MYR.. So avoid USD export counter, maybe can invest into those other countries export counter.
OPEC cut expected this few days.. if cut, ringgit might strengthen more.. this export counter might be in a negatively sentimentally affected.. those that chase today.. good luck lar hor..
Never mind about up or down, If you have plenty bought at low price, Now can buy , can sell for kopi money That's called happy investor. Yesterday I bought some @ 2.07 now Q to sell at 2.14 Very exciting. You keep on shouting . I want to tell you quietly, your shouting very boring Sell......lanchio....no innovation , no fact, no data, no foresight , no strategy. . Nothing !!! Just panicky.
pisanggoreng, let them shout. Don't worry. If you are a long term investor, it will turn green eventually. Just hold. Watch from the sidelines while munching popcorn at these clowns.
As long as more than 4.0 FL will make good profit. Net cash 85m end Sept 2015. Potential to reach 100m net cssh making it 1.00 per share. Think logically. Shareprice minus 85c net cash = 1.20. If eps touch 30c the PE is 4
muscle and murali typing skill seems likely to be a same person... foreign exchange fluctuation is part of economic factor... beyond our control. The earning of FLBHD is comparatively consistent as there is no loss making reported in the past since the listing date.
These are the risk involved in relation to foreign exchange. 1. There is no translation gain/loss in foreign operation involved. 2. Foreign gain on loss is on transaction base. 3. Revaluation of receivable is not likely to have significant impact as (receivable collection period is relatively low (30days)) 4. (Most important) Devaluation of bank likely will be some impact to performance. (its depends how much cash reverse the company have and denominated foreign currency)
According to XE currency exchange rate as at 30 Sept 2015 4.458 and 31 Dec 2015 and 4.2975 there is a devaluation of 3.6% of its current assets.
FLBHD has 85m net cash. 15.48m (103,200,000 shares x RM0.15 each) distributed as dividend during Q4 in RM . Under normal operation it's required about RM9m. Stress test assuming the balance in USD, there will be about 2mil exchange losses occur.
5. FLBHD is having forward contract with its customer within 1 year since December 2014. Exchange gain in revenue reflect against the earning is so slow and these lead to a derivative loss of 1.4milion (9month) . Luckily there is no more exist and only 900k contract remain in Q3 report.
Targeting to report profits about 6m.
Please note that these is my personal opinion and for sharing, i could be wrong anyway, so please don't believe me in 100%.
yun kai sifu, dun rey ro reason with small kid ler. they are immatured.but I kinda wanna thank them, if not because of their rudeness, I may not be able to see some valuable comments. actually hor, I dun wanna to write this so that they become smarter,but never mind lah. give them a chance.
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Posted by mamatede > 2016-02-11 16:41 | Report Abuse
Goreng goreng