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Stronger Ringgit vs USD will lead to export sales value drop by 15% (4.70 vs 4.15). Means sales will drop from 265mil/Qtr to 225mil/Qtr. Profit 就GG.com 了。 so don’t expect share price will hit >3.00 in short term.
Btw, suggest to buy China/Hong Kong stocks, reason being USD rate cut will result fund manager to divert investment to China market, world 2nd larger economy Forget to inform earlier, sorry.
D&O borrowing is in USD, depreciation of USD is actually good for D&O for extra foreign gain which is other peer suffer from foreign lost.
Btw what i know Q3 sales is still not bad for D&O
