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Dear all,
As promised, PUNTER IB will provide updates on any fundmental related changes to companies covered me (the 7 stocks don't forget)
Today we will talk about HARTALEGA 22% QoQ Earnings DROP


PUNTER IB's one and only Analyst, have read through the Quarterly Report, it has been noted that
Revenue has been Increasing - GOOD SIGN
COGS have been increasing too quickly - BAD SIGN 
As COGS increased more than Revenue - Earnings DROP (NOT GOOD)
However, there's a silver lining behind every cloud, management provided explanation that the increased COGS was mainly attributed to sharp rise of MYR (oil rally played a part here), and as such could not pass on the foreign exchange losses to customers.

So PUNTER IB will be 99% CONFIRM HERE, DON'T WORRY BUY ON WEAKNESS. 
Overall, management have delivered another set of strong results, but currency fluctuations like oil price are part of business cycle.
Fundamentals REMAINS Intact ! - Heavenly PUNTER IB

https://klse.i3investor.com/blogs/punterIB/205499.jsp
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