Nov 4 2014, 09:05 AM
QUOTE(Boon3 @ Nov 4 2014, 10:02 AM)
johnnyzai89
Repost:
So Homer got the bad verdict from the market yesterday.
Stock was thrashed and it closed at 0.83.
Is the beating down justifiable?
Or is the beating down a rash act from the market?
I know some are saying stuff like this beolow...
Yes, we know the net profits for Q4 was down a fair compared to its previous year Q4.
And yes, we know all along, the strengthening of the USD was a factor for Homer's excellent results the previous few quarters.
So accordingly, th other interesting note...
When we leave out this USD X-factor......
From the screenshot above:
So when we minus out the forex gain of 0.811 mil in Q4FY2013 ie 7.987 mil - 0.811 mil we get 7.11 mil.
And when we add the forex loss of 0.318 mil in Q42014, ie 6.689 + 0.318 we get 7.007 mil.
Which means it was basically a flat quarter IF the USD was a non factor.
However... I personally would NOT do such a thing.
Ths USD factor is part and parcel of Homer's business since it's an exporting business.
Furthermore, I do not think it's good to dig up reason for it's relatively weak Q4 performance.
Having said that... as per arguement, since USD is a FACTOR in Homer's business (exporting business), we should be aware of the USD movements...
and in case anyone isn't aware of it yet............... the USD has but been extremely strong recently.
check out the USD/MYR chart.
so questions now (for the immediate future) :
would the recent strength in the USD be sustainable?
if so, would it benefit Homer again?
Verdict?
Lastly.....
Homer's AGM is usually in Jan....
What does the last sentence mean?Repost:
So Homer got the bad verdict from the market yesterday.
Stock was thrashed and it closed at 0.83.
Is the beating down justifiable?
Or is the beating down a rash act from the market?
I know some are saying stuff like this beolow...
Yes, we know the net profits for Q4 was down a fair compared to its previous year Q4.
And yes, we know all along, the strengthening of the USD was a factor for Homer's excellent results the previous few quarters.
So accordingly, th other interesting note...
When we leave out this USD X-factor......
From the screenshot above:
So when we minus out the forex gain of 0.811 mil in Q4FY2013 ie 7.987 mil - 0.811 mil we get 7.11 mil.
And when we add the forex loss of 0.318 mil in Q42014, ie 6.689 + 0.318 we get 7.007 mil.
Which means it was basically a flat quarter IF the USD was a non factor.
However... I personally would NOT do such a thing.
Ths USD factor is part and parcel of Homer's business since it's an exporting business.
Furthermore, I do not think it's good to dig up reason for it's relatively weak Q4 performance.
Having said that... as per arguement, since USD is a FACTOR in Homer's business (exporting business), we should be aware of the USD movements...
and in case anyone isn't aware of it yet............... the USD has but been extremely strong recently.
check out the USD/MYR chart.
so questions now (for the immediate future) :
would the recent strength in the USD be sustainable?
if so, would it benefit Homer again?
Verdict?
Lastly.....
Homer's AGM is usually in Jan....
"Homer's AGM is usually in Jan...."
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