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If it falls take it as an opportunity to buy because you can buy cheaper. USD is strengthening again so we’re gonna expect some foreign exchange gain next QR, coupled with the commissioning of new stretch film line we shall see revenue and profit picking up again
If no there was foreign exchange losses that net profit would be 24m++, comparable to previous quarters despite inflationary pressure. Short term borrowing increasing due to capex, that explains negative FCF. Overall, I think tguan has done fairly well compared to other plastic players.
MRDIY is not a hardware company per se, it sells home improvement products. Many of these products are recurring in nature, coupled with a variety of product mix and margins due to economy of scale, it's the secret recipe for establishing a monopoly business at least in Malaysia.
