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Recently the USD will be strengthened just adjusted another 0.25% interest rates. There maybe chance the price may go up, however depends on BNM will raise interest rates or not. But long term investment this counter is good. Buy as low as possible and sell when it’s high. ?
Situation now is the USD is weakening. This will impact the overall sales revenue for companies doing export. And this will affect the profit. As long as the material average costs can be reduce over some time, the profit can be back to the desired level.
Reading the latest news from HLB maintain the buy call to TP3.47 and also Ambank TP3.47-3.90. With the data that they listed and also TSMC super performance on Q2/20, Frontken should benefit.
Good company, Q2/20 will see the breakthrough in the revenue due to the major customer TSMC growth increase by double digit percentage. Invest with data.
