finnacer

As we can see, Ringgit had hit its recent low where it 4.1455 this morning. We saw some export counter started to move yesterday. BCF notice that a lot of exporting counters started to move, but the stock that move the most is actually Particle board counters. In the previous article, we mentioned that the particle board are facing lower average selling price which affect their previous quarter result, so what makes them move again? Well, Big Canon believe the reason behind the move was due to the Typhoon Jebi. The typhoon had hit Japan quite badly where there are some houses and roof top got blew away by the strong wind. There are also reported injuries as well as death. Source: https://www.bbc.co.uk/news/world-asia-45406857 This had made me recall the situation when Japan had their worst hit from Tsunami, the rebuild had created a lot of demand towards the wood and particle boards. This had directly and indirectly causes the whole segment to rally. This time round BCF believe the dam...

After the change of new government in GE-14, there have been lots of hoo-haa in the government sector as well as the business sector which brought lots of volatility to the market. We saw lots of project being called off and some were postpone. This had causes lots of contract being called off and taken back. We believe this could be a good news for those company that are capable but are not being given a chance by open tender. BCF believe if the new government were to deliver what they promised in their manifesto, then there are a bright chance of open tender being apply. This will allow a lot of capable company to perform and shine. However, which industry offer the highest growth? Looking at the past we believe IT business will offer the highest growth rate where we have example such as MYEG and IFCAMSC. I believe most of the readers might know about MYEG but let us recap a bit regarding IFCAMsc. IFACMSC @ 0023 a very well-known counter back in 2014 where the stock price move from b...

In our previous article, we mentioned that exporting counter will benefit from strong USD, As per 28/8/2018, USD is still trading at RM4.10 level which well above the comfortable level of RM4.0.  As what we mentioned in the previous article, we mentioned that our top 3 counters will be: 1.       Wegmans 2.       Homeritz 3.       Evergreen Wegmans had announce their quarter result with flying colours where BCF wrote about them after the result and they had hit their historical high today.  Last week, Evergreen had also announced their quarter result which looks like quite good if compare to their previous quarter and also the corresponding quarter. However, when we look closer at all the quarters, then we feels like the result is just average only.  The profit of the company is only coming back to their average level and it is still far away from its previous high and this doesn't show much growth...

Wegmans Share price: RM0.36 (15/8/2018)                Total shares issued: 500m Market Cap: RM180m (15/8/2018)             Annualized P/E: 12.12 Top 30 shareholders: 88.68%                       Listing Date: 6/3/2018 After writing the article last night, Ringgit had once again break another psychological resistant level of RM4.10.  Coincidentally, 1 of our top 3 counters Wegmans had announced their quarter result today. The result is quite surprising as they manage to turn around from Red to Green this quarter. Their PAT is RM3.7m @ RM0.0074, if we annualize the earning of the company, we can see that their EPS will be around RM0.0296 which is trading at 12x PE.  Let’s take a look at the Qr commentary of the company.  1 st we can see that the Average selling price of Wegman’s is higher for this quarter...

Trump has been dishing lots of “bomb” to the world which badly affected the financial market and causes a lot of volatility around the globe. From Canada to Europe to China and the latest casualty is Turkey. This had causes a lot of rebellion and a lot of financial market crashed. However, there is 1 thing that is keep going up is USD and this USD index formed a technical break up at the 95 level.  At the same time, Ringgit had also depreciated against USD. RM had fell back to the level which we had seen in August 2015, May 2016, and September 2016. Do you still remember what happen that time? Let’s have a look at FBMKLCI, coincidently, the 3 month mentioned above also almost the bottom of FBMKLCI, will this time the same again? Well, we are not so interested in this topic but we are more interested in the topic below. BCF remember that there are a lot of export stocks which had rally quite a lot due to the RM depreciated a lot, this is due to most of the export counters are sellin...