104925516
commented on a stock · Nov 21, 2024 10:42
Price going up when reported loss?
$PCHEM (5183.MY)$what?! how come it’s going up when the quarterly report came out with more than 700m loss? im so mad~ i just sold it! and it went up the next minute
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胡空 HuKong
:
The company earns US dollars because it needs to be converted to Malaysian dollars. The exchange rate difference is just a loss in the book exchange rate, not a real loss.
103459102 : me too sold at 4.620
104925516 OP : I have been holding for more than 1 week, sold it at 4.59, now it’s 4.66~ bummer 🫠
103459102 : and also the profit keep dropping every recent years blame losses from foreign exchange if ur profit is high enough U won't losses
胡空 HuKong : Nothing is impossible, retail investors can only follow the trend at best.
胡空 HuKong : The company earns US dollars because it needs to be converted to Malaysian dollars. The exchange rate difference is just a loss in the book exchange rate, not a real loss.
WW Chicken Dinner : Tackle cyclical stock easily - sell when PE low, buy when PE high
104989189 : I need to watch the first half and then consider selling before watching the second half...
152264457 胡空 HuKong : can join group?
104925516 OP 胡空 HuKong : Can I join the group?![pray 🙏](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f64f-1f3fb.png)
StockTrooper : worst is over I think