Cfm9566's comment on MUHIBAH. All Comments
Cfm9566
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FAVCO 24Q3 result:
If exclude the one off items (eg: forex, allowances, derivatives & etc), core PBT stood as:

24Q3: 27.231m
24Q2: 14.863m
24Q1: 14.686m

23Q4: 50.988m
23Q3: 22.040m
23Q2: 7.088m
23Q1: 9.994m
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Cfm9566
Forex loss of RM 27m in Q3 due to rapid strengthening of MYR.

Good thing is bulk of this still remain unrealised loss as yet to convert back to Ringgit.

Ringgit start weaken significantly since early Q4
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Cfm9566
Without the one off items, Q3 result actually much better than Q1 or Q2!

Q4 should look much more better now.
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Michael Saw
many miss understanding though we see huge Forex loss in favco, but Muhibah will gain significantly from the currency exchange. The gain expected to more then enough to cover favco Forex loss.
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Cfm9566
Muhibah’s engineering jobs mostly local, revenue exposure to foreign currency should minimal. Unless the raw materials are buy from overseas.

Anyway, when Q2 currency is relative stable, Favco also reported small forex loss while Muhibah recorded small gain in forex.
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Wayne
It’s coming
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