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nobody cares. ppl follows headlines and in GenM, 38% are retail plays. it all depends what the headlines gonna say. and guess who can control the headlines on all the news?
Simple... but i dont like to give answer directly. Imagine a man call Uncle Lim Sot Hei own a business called Getting selling candy. His business doing very badly. So in order to hide it from his partner, he borrow from AngMoLang in USD. Then suddenly, Ringgit drop -10% alot. So he tell his investor, business made 600 unrealise forex gain.... BUSY FIRST..TBC
Now.. remember the core business itself is in losses... imagine if ringgit appreciate back up to 10%... 600mil forex gain loss. Interest payment to angmolang got higher... core business not making profit... so... all partners sell their stake to michael saw followers.
Unrealized forex gain is Part under Ebitda, why use PAT to minus it rather than use Ebitda? The core business is undeniable earned lesser but not losses
