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Get your fact right, EG has almost 500m borrowings denominated in USD, which are recorded under month-end closing rate, whereas Sales and Receivables are based on average spot rate, so it is treated as a natural hedging. With such large base of USD borrowings, in short term they will record more Unrealised Gain than Realised Loss which we can see now.
104m while net profit stay the same close to 25m, that's margin of 25% higher than any tech companies in bursa, maybe EG should get a rerating of PE similar to Frontkn, Unisem or UWC?
EG is transforming from low margin EMS to High Margin upstream component manufacturer, eliminating sales from low margin products can be seen this quarter. But whether investor buy Alex 画的大饼, that's another story
Big drop on the day EG released their results, end up results was record breaking. Smell something not right? More like proxies and investors here are not convinced by EG prospect yet...
