Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
INARI just announced >10 million of esos (shares) issuance to their directors at the current share price. Why do you think they would do that? To gain or lose money?
TopGlove future earnings expected to DECREASE by up to 10.1% because USD has weakened against RM, and TopGlove is an exporter to the US. UOB KayHian research estimates every -1% from USD1:RM4.30, will DECREASE TopGlove earnings by 1.2% & 1.8% for FYE 21 & 22 respectively. As at last Friday, USD has weakened 5.6% to approx USD1:RM4.06. MEANING, TopGlove earnings for FYE 21 & 22 will DECREASE 6.7% & 10.1% based on this estimate. TopGlove future earnings will continue to DECREASE if USD keeps weakening against RM. As economic recovery continues and coronavirus fears lift, demand for safe haven currency USD may weaken further.