finnacer

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...

Update on KPS 1 st of all I would like to apologise for going missing again, but it’s really not easy to make ends meet these days. Really sorry for not posting much lately as I was busy with my job related matters and it is really not easy to write long article (spend hours and days due to fact finding). Some suggested me to write briefly, however, I don’t tolerate when it comes to quality, hence, a good article with good supporting will need lots of time. On the other hand, I'm considering to JV with remisier to set up a platform where those client whom trade under this remisier will always get to have the latest update from me and some market comment from me. Those whom are interested, u are welcome to pm me anyway, this is not final yet as I would have to look at the responds 1 st before making any decision.  You can PM me on my FB through this link. https://www.facebook.com/bigcanonfinance/ Federal and Selangor government had finally came out with their latest offer for SPLA...