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tonylim70 Veteran	31-May-2018 16:12        tonylim70 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Think insider dumping , must be bad news coming out from the tax court case mariners      ( Date: 28-May-2018 13:53) Posted: secret dumping going on. trade with care
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mariners Senior	28-May-2018 13:53        mariners About Contact  Quote this Post! Style: Combined   Yells: "FA tells me what to buy, TA tells me when to buy"
x 0   x 0  Alert Admin	secret dumping going on. trade with care
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tonylim70 Veteran	25-May-2018 23:31        tonylim70 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Anyway i know how u feel becos u are vested. ok.. then u can create ur own thread and say nice thing about Duty free. I would not disturb ur thread.  Cheers. I will still post in this thread. If anyone think I am talking nonsense, they can ignore my posting. If anyone feels u are more trustable, then they will go to ur thread and support u. Ayway no offence meant. This is a open forum. All the best to ur duty free. Maybe tmr morning the annoucement will be out regarding the court case, all the best to u.   kelvintan84      ( Date: 25-May-2018 23:17) Posted: And, I am sometimes really pissed because you post stuff that is not true. I know for a fact that "x" is recorded as a block trade. Willing buyer willing seller and not as what u put it, jump queue and dump. That would result in price manipulation case again. This is my personal experience and confirmed against with 2 remisers. I doubt your intention in insisting it is a manipulation act. Until today there is no sign of dumping, its been a week. Law suit case. This has been repeated many times. It's A SPECULATION on your part. And your story continues to go ridiculous length in saying all stores will be hit (like seriously, what's Duty free??) I may be super worked up because I am vested. But spreading your speculation non stop isn't helping. (for example, a 4% drop in parent company u say law suit news out)...
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kelvintan84 Veteran	25-May-2018 23:30        kelvintan84 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Again, I already admit I calculated wrongly in my attempt to post quickly. The 2.4m I calculated was supposed to be RM, not usd. If you want to continue to harp on it, it's fine. I maintain my stand that x is block trade. Check with your banker and/or remiser tonylim70      ( Date: 25-May-2018 23:25) Posted: NOT TRUE?? u posted fake news and u dare to accuse me?? My X is TRUE becos I experience it myself when I sold duty free. There was a queue of 26 cents and 25.5 cents. I sold at 25.5 cents  and the 26 cents was cleared as well as 25.5 cents and one of them was registered as X. Why would i want to lie to u??? strange.. U are worse right? ur calculation is even wrong and u even have the audacity to lecture me.. AND financial statement is YEAR ON YEAR and NOT MONTH ON MONTH. I provided all the proof all the photos, unlike u only know how to talk. kelvintan84      ( Date: 25-May-2018 23:17) Posted: And, I am sometimes really pissed because you post stuff that is not true. I know for a fact that "x" is recorded as a block trade. Willing buyer willing seller and not as what u put it, jump queue and dump. That would result in price manipulation case again. This is my personal experience and confirmed against with 2 remisers. I doubt your intention in insisting it is a manipulation act. Until today there is no sign of dumping, its been a week. Law suit case. This has been repeated many times. It's A SPECULATION on your part. And your story continues to go ridiculous length in saying all stores will be hit (like seriously, what's Duty free??) I may be super worked up because I am vested. But spreading your speculation non stop isn't helping. (for example, a 4% drop in parent company u say law suit news out)...
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tonylim70 Veteran	25-May-2018 23:26        tonylim70 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Financial statement is based on YEAR on YEAR and not MONTH on MONTH Proof provided. Dun be misled. tonylim70      ( Date: 25-May-2018 23:21) Posted: FINANCIAL STATEMENT IS COMPARED TO YOY!. http://dfi.listedcompany.com/financials.html https://www.businesstimes.com.sg/companies-markets/duty-free-internationals-q1-earnings-down-241 Hey bro, no point arguing, we let others decide. U never do ur homework and u want to act smart and insult me? alamak. I will not argue with u.. I will just present the facts WITH PROOF.   kelvintan84      ( Date: 25-May-2018 23:06) Posted: Truth is financial statement is compared to both QOQ and YOY. Point 0) fair statement, but its everyone's guess. then again, I would argue that the Thailand border situation would have been much better compared to in 2017. And this is the biggest component in the entire income statement. point 1) professional fees are recorded as positive. Seems more to me like they offered a professional service and therefore recorded a gain. I don't know how a 385k gain is a lawyer fee they paid out. Point 2) fair statement. Still this is lessee than the total gain in forex. It won't negate the gain totally. And again, if you look at net outflow of foreign investment, it is a clear sign RM is still going to drop. Unless like you put it, there is a sudden spike. Point 3) again, your lost in suit case is a "I guess" thing. Putting a huge number (240m) there doesn't make u correct.
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tonylim70 Veteran	25-May-2018 23:25        tonylim70 About Contact  Quote this Post!
x 0   x 0  Alert Admin	NOT TRUE?? u posted fake news and u dare to accuse me?? My X is TRUE becos I experience it myself when I sold duty free. There was a queue of 26 cents and 25.5 cents. I sold at 25.5 cents  and the 26 cents was cleared as well as 25.5 cents and one of them was registered as X. Why would i want to lie to u??? strange.. U are worse right? ur calculation is even wrong and u even have the audacity to lecture me.. AND financial statement is YEAR ON YEAR and NOT MONTH ON MONTH. I provided all the proof all the photos, unlike u only know how to talk. kelvintan84      ( Date: 25-May-2018 23:17) Posted: And, I am sometimes really pissed because you post stuff that is not true. I know for a fact that "x" is recorded as a block trade. Willing buyer willing seller and not as what u put it, jump queue and dump. That would result in price manipulation case again. This is my personal experience and confirmed against with 2 remisers. I doubt your intention in insisting it is a manipulation act. Until today there is no sign of dumping, its been a week. Law suit case. This has been repeated many times. It's A SPECULATION on your part. And your story continues to go ridiculous length in saying all stores will be hit (like seriously, what's Duty free??) I may be super worked up because I am vested. But spreading your speculation non stop isn't helping. (for example, a 4% drop in parent company u say law suit news out)...
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tonylim70 Veteran	25-May-2018 23:21        tonylim70 About Contact  Quote this Post!
x 0   x 0  Alert Admin	FINANCIAL STATEMENT IS COMPARED TO YOY!. http://dfi.listedcompany.com/financials.html https://www.businesstimes.com.sg/companies-markets/duty-free-internationals-q1-earnings-down-241 Hey bro, no point arguing, we let others decide. U never do ur homework and u want to act smart and insult me? alamak. I will not argue with u.. I will just present the facts WITH PROOF.   kelvintan84      ( Date: 25-May-2018 23:06) Posted: Truth is financial statement is compared to both QOQ and YOY. Point 0) fair statement, but its everyone's guess. then again, I would argue that the Thailand border situation would have been much better compared to in 2017. And this is the biggest component in the entire income statement. point 1) professional fees are recorded as positive. Seems more to me like they offered a professional service and therefore recorded a gain. I don't know how a 385k gain is a lawyer fee they paid out. Point 2) fair statement. Still this is lessee than the total gain in forex. It won't negate the gain totally. And again, if you look at net outflow of foreign investment, it is a clear sign RM is still going to drop. Unless like you put it, there is a sudden spike. Point 3) again, your lost in suit case is a "I guess" thing. Putting a huge number (240m) there doesn't make u correct. tonylim70      ( Date: 25-May-2018 22:43) Posted: I find it quite ironical that someone who accuse me of not doing homework and talking co+ck is the one who made mistake 1) Ur 9M ringgit gain is wrong, which u admit urself. 2) For financial statement, they dun compare mth to mth, they compare YEAR to YEAR. ie: The next quarter results will be 31 May 2018 compared with 31 May 2017 and NOT 28 Feb 2018. So u mentioned coming profit will be 90% more than last quarter profit is totally useless becos the financial statement will be comparing 31 May 2018 with 31 May 2017 and NOT 28 Feb 2018. Bro, dun anyhow accuse or lecture me ... we can tok co_ck and i enjoy doing that.. but trying to act smart and attack me is not a wise thing...
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kelvintan84 Veteran	25-May-2018 23:17        kelvintan84 About Contact  Quote this Post!
x 0   x 0  Alert Admin	And, I am sometimes really pissed because you post stuff that is not true. I know for a fact that "x" is recorded as a block trade. Willing buyer willing seller and not as what u put it, jump queue and dump. That would result in price manipulation case again. This is my personal experience and confirmed against with 2 remisers. I doubt your intention in insisting it is a manipulation act. Until today there is no sign of dumping, its been a week. Law suit case. This has been repeated many times. It's A SPECULATION on your part. And your story continues to go ridiculous length in saying all stores will be hit (like seriously, what's Duty free??) I may be super worked up because I am vested. But spreading your speculation non stop isn't helping. (for example, a 4% drop in parent company u say law suit news out)...
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kelvintan84 Veteran	25-May-2018 23:06        kelvintan84 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Truth is financial statement is compared to both QOQ and YOY. Point 0) fair statement, but its everyone's guess. then again, I would argue that the Thailand border situation would have been much better compared to in 2017. And this is the biggest component in the entire income statement. point 1) professional fees are recorded as positive. Seems more to me like they offered a professional service and therefore recorded a gain. I don't know how a 385k gain is a lawyer fee they paid out. Point 2) fair statement. Still this is lessee than the total gain in forex. It won't negate the gain totally. And again, if you look at net outflow of foreign investment, it is a clear sign RM is still going to drop. Unless like you put it, there is a sudden spike. Point 3) again, your lost in suit case is a "I guess" thing. Putting a huge number (240m) there doesn't make u correct. tonylim70      ( Date: 25-May-2018 22:43) Posted: I find it quite ironical that someone who accuse me of not doing homework and talking co+ck is the one who made mistake 1) Ur 9M ringgit gain is wrong, which u admit urself. 2) For financial statement, they dun compare mth to mth, they compare YEAR to YEAR. ie: The next quarter results will be 31 May 2018 compared with 31 May 2017 and NOT 28 Feb 2018. So u mentioned coming profit will be 90% more than last quarter profit is totally useless becos the financial statement will be comparing 31 May 2018 with 31 May 2017 and NOT 28 Feb 2018. Bro, dun anyhow accuse or lecture me ... we can tok co_ck and i enjoy doing that.. but trying to act smart and attack me is not a wise thing...   kelvintan84      ( Date: 25-May-2018 22:22) Posted: my mistake on calculation. You are right on an increase in 2m riggint gain. with an absence of more than 5m riggint lost, net profit will increase by 8m. Last quarter profit was 9m, still it is going to be an increase by almost 90%. DFI report earnings in RM. I still dont get it why u keep using SG
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tonylim70 Veteran	25-May-2018 22:43        tonylim70 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I find it quite ironical that someone who accuse me of not doing homework and talking co+ck is the one who made mistake 1) Ur 9M ringgit gain is wrong, which u admit urself. 2) For financial statement, they dun compare mth to mth, they compare YEAR to YEAR. ie: The next quarter results will be 31 May 2018 compared with 31 May 2017 and NOT 28 Feb 2018. So u mentioned coming profit will be 90% more than last quarter profit is totally useless becos the financial statement will be comparing 31 May 2018 with 31 May 2017 and NOT 28 Feb 2018. Bro, dun anyhow accuse or lecture me ... we can tok co_ck and i enjoy doing that.. but trying to act smart and attack me is not a wise thing...   kelvintan84      ( Date: 25-May-2018 22:22) Posted: my mistake on calculation. You are right on an increase in 2m riggint gain. with an absence of more than 5m riggint lost, net profit will increase by 8m. Last quarter profit was 9m, still it is going to be an increase by almost 90%. DFI report earnings in RM. I still dont get it why u keep using SGD tonylim70      ( Date: 25-May-2018 22:15) Posted: USD: Today:  1 USD = 3.91 ringgit Therefore  34400000 USD  = x ringgit ? Using cross multiplication ==> x = 34400000 x 3.91 = 134504000 ringgit 28 Feb, 1 USD = 3.98 ringgit Therefore 34400000 USD = y ringgit ? Using cross multiplication ==> y = 34400000 x 3.98 = 136912000 ringgit SGD: No change since exchange rate about the same at 1 SGD = 2.96 ringgit at 28 Feb and as of today Forex Profit = 134504000 - 136912000 = around 2 million ringgit = around 680k Sgd  only Unless u tell me i failed my maths...  I also enjoyed talk cock-ing with you. I did my homework, unless u tell me my maths failed.
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tonylim70 Veteran	25-May-2018 22:38        tonylim70 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dividend is given in SGD. kelvintan84      ( Date: 25-May-2018 22:22) Posted: my mistake on calculation. You are right on an increase in 2m riggint gain. with an absence of more than 5m riggint lost, net profit will increase by 8m. Last quarter profit was 9m, still it is going to be an increase by almost 90%. DFI report earnings in RM. I still dont get it why u keep using SGD tonylim70      ( Date: 25-May-2018 22:15) Posted: USD: Today:  1 USD = 3.91 ringgit Therefore  34400000 USD  = x ringgit ? Using cross multiplication ==> x = 34400000 x 3.91 = 134504000 ringgit 28 Feb, 1 USD = 3.98 ringgit Therefore 34400000 USD = y ringgit ? Using cross multiplication ==> y = 34400000 x 3.98 = 136912000 ringgit SGD: No change since exchange rate about the same at 1 SGD = 2.96 ringgit at 28 Feb and as of today Forex Profit = 134504000 - 136912000 = around 2 million ringgit = around 680k Sgd  only Unless u tell me i failed my maths...  I also enjoyed talk cock-ing with you. I did my homework, unless u tell me my maths failed.
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tonylim70 Veteran	25-May-2018 22:37        tonylim70 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Points 0) We dun know the revenue. The revenue may be worse than last year 1) In 2018, they incurred lawyer fee for the tax court case. So may incurred expenses for court case 2) Last year there was a 6M ringgit gain from fair value of option. This is one off. This year there may not be any gain. So it means this year result will be 6M ringgit less than last year. This  will negate any forex gain if any (based on 31 May forex exchange  rate, not today' s rate, no one knows whether ringgit will suddenly spike or tank when 31 May 2018 arrives)  3) Income tax expenses. If Duty free loses the tax case, they will  account for the 240M ringgit in income tax expenses which will results in a HUGE loss. 4) Results comparison is based on year on year. ie: 31-May 2018 will be compared to 31-May 2017 just like 31-May 2017 was compared to 31-May 2016.   kelvintan84      ( Date: 25-May-2018 22:22) Posted: my mistake on calculation. You are right on an increase in 2m riggint gain. with an absence of more than 5m riggint lost, net profit will increase by 8m. Last quarter profit was 9m, still it is going to be an increase by almost 90%. DFI report earnings in RM. I still dont get it why u keep using SGD tonylim70      ( Date: 25-May-2018 22:15) Posted: USD: Today:  1 USD = 3.91 ringgit Therefore  34400000 USD  = x ringgit ? Using cross multiplication ==> x = 34400000 x 3.91 = 134504000 ringgit 28 Feb, 1 USD = 3.98 ringgit Therefore 34400000 USD = y ringgit ? Using cross multiplication ==> y = 34400000 x 3.98 = 136912000 ringgit SGD: No change since exchange rate about the same at 1 SGD = 2.96 ringgit at 28 Feb and as of today Forex Profit = 134504000 - 136912000 = around 2 million ringgit = around 680k Sgd  only Unless u tell me i failed my maths...  I also enjoyed talk cock-ing with you. I did my homework, unless u tell me my maths failed.
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kelvintan84 Veteran	25-May-2018 22:22        kelvintan84 About Contact  Quote this Post!
x 0   x 0  Alert Admin	my mistake on calculation. You are right on an increase in 2m riggint gain. with an absence of more than 5m riggint lost, net profit will increase by 8m. Last quarter profit was 9m, still it is going to be an increase by almost 90%. DFI report earnings in RM. I still dont get it why u keep using SGD tonylim70      ( Date: 25-May-2018 22:15) Posted: USD: Today:  1 USD = 3.91 ringgit Therefore  34400000 USD  = x ringgit ? Using cross multiplication ==> x = 34400000 x 3.91 = 134504000 ringgit 28 Feb, 1 USD = 3.98 ringgit Therefore 34400000 USD = y ringgit ? Using cross multiplication ==> y = 34400000 x 3.98 = 136912000 ringgit SGD: No change since exchange rate about the same at 1 SGD = 2.96 ringgit at 28 Feb and as of today Forex Profit = 134504000 - 136912000 = around 2 million ringgit = around 680k Sgd  only Unless u tell me i failed my maths...  I also enjoyed talk cock-ing with you. I did my homework, unless u tell me my maths failed.   kelvintan84      ( Date: 25-May-2018 21:45) Posted: I increasing have the feeling that you did not do enough research and only sold because of uncertainty and did not know the full impact of both the law suit and the situation of the business. 1. USD/SGD???? DFI kept most of them money in USD. i dont know why your accounting profit takes account of USD/SGD movement. 2. Accounting profit As at  28 Feb, USD/MYR is 3.91. As of today USD/MYR 3.9813. excluding the euro 9.9m and SGD 2.8m fix deposit, DFI has 34.4m USD. a 0.07 movement will tanslate to 2.4m USD gain or almost 9.6m MYR forex profit in 1 quarter EXCLUDING euro and SGD gains. USD gains alone will cause next quarter profit to increase 100%, AGAIN, EXCLUDING EURO and SGD gains. the real increase of net profit will be more in terms of % as there will now be an absence of loss. While i do not think this has much to do with their core business, it was one of the reason DFI stayed depressed for sometime. Tony bro, while i enjoyed casual talk cock-ing with you, you should really do some homework and not just keep repeating fearful/ speculative statement based on your guessing. It is very difficult to exchange views between " i guess" and " facts"
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tonylim70 Veteran	25-May-2018 22:18        tonylim70 About Contact  Quote this Post!
x 0   x 0  Alert Admin	To Kelvintan84: Please do your homework and show us ur working how ur get profit of 9.6M ringgit?   I' ve done my homework as shown. tonylim70      ( Date: 25-May-2018 22:15) Posted: USD: Today:  1 USD = 3.91 ringgit Therefore  34400000 USD  = x ringgit ? Using cross multiplication ==> x = 34400000 x 3.91 = 134504000 ringgit 28 Feb, 1 USD = 3.98 ringgit Therefore 34400000 USD = y ringgit ? Using cross multiplication ==> y = 34400000 x 3.98 = 136912000 ringgit SGD: No change since exchange rate about the same at 1 SGD = 2.96 ringgit at 28 Feb and as of today Forex Profit = 134504000 - 136912000 = around 2 million ringgit = around 680k Sgd  only Unless u tell me i failed my maths...  I also enjoyed talk cock-ing with you. I did my homework, unless u tell me my maths failed.   kelvintan84      ( Date: 25-May-2018 21:45) Posted: I increasing have the feeling that you did not do enough research and only sold because of uncertainty and did not know the full impact of both the law suit and the situation of the business. 1. USD/SGD???? DFI kept most of them money in USD. i dont know why your accounting profit takes account of USD/SGD movement. 2. Accounting profit As at  28 Feb, USD/MYR is 3.91. As of today USD/MYR 3.9813. excluding the euro 9.9m and SGD 2.8m fix deposit, DFI has 34.4m USD. a 0.07 movement will tanslate to 2.4m USD gain or almost 9.6m MYR forex profit in 1 quarter EXCLUDING euro and SGD gains. USD gains alone will cause next quarter profit to increase 100%, AGAIN, EXCLUDING EURO and SGD gains. the real increase of net profit will be more in terms of % as there will now be an absence of loss. While i do not think this has much to do with their core business, it was one of the reason DFI stayed depressed for sometime. Tony bro, while i enjoyed casual talk cock-ing with you, you should really do some homework and not just keep repeating fearful/ speculative statement based on your guessing. It is very difficult to exchange views between " i guess" and " facts"
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tonylim70 Veteran	25-May-2018 22:15        tonylim70 About Contact  Quote this Post!
x 0   x 0  Alert Admin	USD: Today:  1 USD = 3.91 ringgit Therefore  34400000 USD  = x ringgit ? Using cross multiplication ==> x = 34400000 x 3.91 = 134504000 ringgit 28 Feb, 1 USD = 3.98 ringgit Therefore 34400000 USD = y ringgit ? Using cross multiplication ==> y = 34400000 x 3.98 = 136912000 ringgit SGD: No change since exchange rate about the same at 1 SGD = 2.96 ringgit at 28 Feb and as of today Forex Profit = 134504000 - 136912000 = around 2 million ringgit = around 680k Sgd  only Unless u tell me i failed my maths...  I also enjoyed talk cock-ing with you. I did my homework, unless u tell me my maths failed.   kelvintan84      ( Date: 25-May-2018 21:45) Posted: I increasing have the feeling that you did not do enough research and only sold because of uncertainty and did not know the full impact of both the law suit and the situation of the business. 1. USD/SGD???? DFI kept most of them money in USD. i dont know why your accounting profit takes account of USD/SGD movement. 2. Accounting profit As at  28 Feb, USD/MYR is 3.91. As of today USD/MYR 3.9813. excluding the euro 9.9m and SGD 2.8m fix deposit, DFI has 34.4m USD. a 0.07 movement will tanslate to 2.4m USD gain or almost 9.6m MYR forex profit in 1 quarter EXCLUDING euro and SGD gains. USD gains alone will cause next quarter profit to increase 100%, AGAIN, EXCLUDING EURO and SGD gains. the real increase of net profit will be more in terms of % as there will now be an absence of loss. While i do not think this has much to do with their core business, it was one of the reason DFI stayed depressed for sometime. Tony bro, while i enjoyed casual talk cock-ing with you, you should really do some homework and not just keep repeating fearful/ speculative statement based on your guessing. It is very difficult to exchange views between " i guess" and " facts"   tonylim70      ( Date: 25-May-2018 20:32) Posted: Duty free made huge loss becos forex strengthened from 1 sgd = 3.08 ringgit (around there) to 1 sgd = 2.95-2.96 ringgit. Now ringgit remains at around 2.96-297 ringgit all the while , only spike to 3 just after election and only for 3-4 days. Now back to normal and duty free next quarter ends in May, so they will make use of the ringgit exchange rate at 31/5/2018. They will not make use of exchange rate during the election. Duty free will only report forex gain IF suddenly ringgit  crash on 31 May 2018, ie:  1 sgd will fetch > 3 ringgit  on 31 May 201
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kelvintan84 Veteran	25-May-2018 21:45        kelvintan84 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I increasing have the feeling that you did not do enough research and only sold because of uncertainty and did not know the full impact of both the law suit and the situation of the business. 1. USD/SGD???? DFI kept most of them money in USD. i dont know why your accounting profit takes account of USD/SGD movement. 2. Accounting profit As at  28 Feb, USD/MYR is 3.91. As of today USD/MYR 3.9813. excluding the euro 9.9m and SGD 2.8m fix deposit, DFI has 34.4m USD. a 0.07 movement will tanslate to 2.4m USD gain or almost 9.6m MYR forex profit in 1 quarter EXCLUDING euro and SGD gains. USD gains alone will cause next quarter profit to increase 100%, AGAIN, EXCLUDING EURO and SGD gains. the real increase of net profit will be more in terms of % as there will now be an absence of loss. While i do not think this has much to do with their core business, it was one of the reason DFI stayed depressed for sometime. Tony bro, while i enjoyed casual talk cock-ing with you, you should really do some homework and not just keep repeating fearful/ speculative statement based on your guessing. It is very difficult to exchange views between " i guess" and " facts"   tonylim70      ( Date: 25-May-2018 20:32) Posted: Duty free made huge loss becos forex strengthened from 1 sgd = 3.08 ringgit (around there) to 1 sgd = 2.95-2.96 ringgit. Now ringgit remains at around 2.96-297 ringgit all the while , only spike to 3 just after election and only for 3-4 days. Now back to normal and duty free next quarter ends in May, so they will make use of the ringgit exchange rate at 31/5/2018. They will not make use of exchange rate during the election. Duty free will only report forex gain IF suddenly ringgit  crash on 31 May 2018, ie:  1 sgd will fetch > 3 ringgit  on 31 May 2018 kelvintan84      ( Date: 25-May-2018 20:00) Posted: Can't comment much about such uncertainty. But one thing is for sure, DFI will definitely book a huge profit gain of weakening of riggint this quarter. Direct opposite on how they book a huge forex lose when riggint appreciate against usd.
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tonylim70 Veteran	25-May-2018 20:32        tonylim70 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Duty free made huge loss becos forex strengthened from 1 sgd = 3.08 ringgit (around there) to 1 sgd = 2.95-2.96 ringgit. Now ringgit remains at around 2.96-297 ringgit all the while , only spike to 3 just after election and only for 3-4 days. Now back to normal and duty free next quarter ends in May, so they will make use of the ringgit exchange rate at 31/5/2018. They will not make use of exchange rate during the election. Duty free will only report forex gain IF suddenly ringgit  crash on 31 May 2018, ie:  1 sgd will fetch > 3 ringgit  on 31 May 2018 kelvintan84      ( Date: 25-May-2018 20:00) Posted: Can't comment much about such uncertainty. But one thing is for sure, DFI will definitely book a huge profit gain of weakening of riggint this quarter. Direct opposite on how they book a huge forex lose when riggint appreciate against usd. tonylim70      ( Date: 25-May-2018 16:04) Posted: Atlan dropped.. court case news out?
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tonylim70 Veteran	25-May-2018 20:25        tonylim70 About Contact  Quote this Post!
x 0   x 0  Alert Admin	strange court case no news out yet kelvintan84      ( Date: 25-May-2018 20:00) Posted: Can't comment much about such uncertainty. But one thing is for sure, DFI will definitely book a huge profit gain of weakening of riggint this quarter. Direct opposite on how they book a huge forex lose when riggint appreciate against usd. tonylim70      ( Date: 25-May-2018 16:04) Posted: Atlan dropped.. court case news out?
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tonylim70 Veteran	25-May-2018 20:17        tonylim70 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bro, where got huge? the ringgit weaken abit only. The spike was just after election, now back to normal liao Before election $1 sgd = 2.96 ringgit, just after election 3 ringgit, now back to 2.96-2.97 ringgit already Duty free next quarter end in May, now the ringgit back to normal liao, no forex gain la..   kelvintan84      ( Date: 25-May-2018 20:00) Posted: Can't comment much about such uncertainty. But one thing is for sure, DFI will definitely book a huge profit gain of weakening of riggint this quarter. Direct opposite on how they book a huge forex lose when riggint appreciate against usd. tonylim70      ( Date: 25-May-2018 16:04) Posted: Atlan dropped.. court case news out?
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kelvintan84 Veteran	25-May-2018 20:00        kelvintan84 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Can't comment much about such uncertainty. But one thing is for sure, DFI will definitely book a huge profit gain of weakening of riggint this quarter. Direct opposite on how they book a huge forex lose when riggint appreciate against usd. tonylim70      ( Date: 25-May-2018 16:04) Posted: Atlan dropped.. court case news out?
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