LMIR announced a great set of results, if you ask me.
In my last post, I projected distribution to be 19.2 mio assuming no fall or raise in operating numbers or currency strength/ weaknesses.
The quarter distribution turned out to be 21 mio. While it is not eye popping as compared to a year ago, it did exceed expectations. Comparing it with a year ago is quite meaningless as the Kemang village effect will be unknown,
Looking at the currency exchange of SG/IDR
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I am not crazy to do a point to point calculation, but "agar agar' looking at Oct-Dec quarter and Jan- March quarter, I do not see a significant strengthening or weakening. Going forward, however, there is obvious trend of IDR weaking throughout the Month of April. I guess this is one of the things Mr Market is unhappy about. Uncertainty.
But it would have mean, ......