QUOTE(Boon3 @ Jul 2 2021, 10:41 AM)
Smurfsso that's my review of an old writing....
what about yours? found anything interesting to blow out some water?

Aiyo..i have to go dig my library this morning
Anyway.. Just some updates on AMWAY's FOREX risks..I wrote :
QUOTE(Smurfs @ Oct 24 2016, 03:13 PM)
Lets take AMWAY for example :
Amway, one of the world largest direct selling business with handsome dividend payout (for now not anymore) , share price had plunged 30% from its peak. From the charts, we can see the price started to drop since Q4 2014.
To dig further, we need to use Google or our memory to trace back what actually happened during Q4 2014. There are few major events happend back then namely :
1) drop in crude oil price ;
2) which lead to RINGGIT drop ;
3)
which increase the product cost for AMWAY since they imported their product to Malaysia.Co-relation between USD/MYR and Amway share price
» Click to show Spoiler - click again to hide... «
Extracted content from their Quarterly financial report
» Click to show Spoiler - click again to hide... «
And in Year 2017, they manage to found a way to reduce the impact on volatile forex rate. This practice seems work very well and has been continue till today, guess it is really helpful in forecasting the cashflow, therefore the dividend from that year on wards remain constant till date(My wild guess la)
Snapshot from AR 2017
Snapshot from AR 2018
Snapshot from AR 2019
Snapshot from AR 2020 & there is something new , Limited Risk Distributor transfer pricing model, and i'm wondering how that works

Compare to 5 years back...COVID has accelerate the digital transformation in AMWAY.. They have launched AMWAYNOW and capitalize on eCommerce..
and new product coming soon - Atmosphere MINI !
P/S I'm not an Amway agent, not shareholder too..