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Wednesday, July 1, 2015

Analysts say Fitbit in Good Shape

Analysts say Fitbit is in Good Shape and ready to sprint. 

According to research, Fitbit is outselling rival Apple Watch and the future for the wearable tech seems to be pretty bright. 

I myself own a Fitbit Flex and find it to be a good companion to help me keep track of my daily activities. You may find more about the review on the product here: Fitbit Flex [Review]

With the news on Fitbit outselling Apple Watch and an expected increase in sales, Fitbit Inc. are surging more than 13% in Tuesday trading. The stock has jumped more than 50% since their debut on the stock exchange. Sources from Forbes website is saying that RBC Capital Markets are bullish of the company's prospect and this could just be the beginning and giving it a $45 per share price target and a rating of outperform. As of now, the counter is at $40.81 per share. 

Forbes website states that RBC analyst Mark Sue wrote in the research report: “Fitbit, with its strong brand, has grown faster than the market and is the clear market leader. The focus on connected health is a key differentiator for Fitbit and over time, we believe that the company has the opportunity to become the technology platform of choice for consumers who are looking to improve their fitness.”

The report acknowledged that competition exists and includes other popular brands like Jawbone, Garmin and Apple Watch but noted that most of these products do not overlap. For example, smartwatch buyer is generally different from someone who are looking to buy a fitness/activities tracker. 

With such a good news, it's no wonder that the stock has seen such a growth ever since its' IPO.

Fitbit Inc on some good run ever since its' IPO

Disclosure: I do not hold any Fitbit Inc stocks in any way. The research report quoted is reported on Forbes website:


Wednesday, June 10, 2015

Weakened Ringgit

A lot of us Malaysians are probably upset with the depreciation of the Ringgit. 

Weakened Ringgit

The Ringgit has weakened to multi-year low and breached the previous low of RM3.73 to the USD and according to a lot of research, it is inching towards the pegged level of RM3.80/USD.

This morning, while I was driving to work, I heard from BFM on their discussion. Apparently, our foreign reserve exchange is stand at an estimate of around 100 billion USD. 

If you're like me, you'll probably feel the pinch as I'm earning in RM. To talk about travelling would be a pain in the ass now because I'll have to fork out more most of the time. I suspect gadgets like Apple products might see another increase if the drop in the currency continues. Even then, Zeti insist that the RM is still strong and it's only at this level due to negative sentiments. I'm not sure if I'm buying it but as Ringgit continues to weaken, perhaps it's time to look at who's the biggest winners and losers in it.


Reading from The Star Online, Hong Leong Investment Bank (HLIB) Research expects the gaming sector, rubber products and technology stocks to be the main beneficiaries of the weaker ringgit. 

Gaming - revenue from US operations

Rubber Products - most sales in USD while cost in Ringgit 

Sea Transportation - almost all revenue in USD while there is a small portion of costs in Ringgit

Tech – majority sales in USD, partly offset by raw material cost in USD, outweigh US loan.


Automotive - higher cost of imported materials & CKD costs 

Air Transportation - higher fuel cost

Power - higher coal cost & USD debt

Telco - US$ debt

Well, whether we like it or not, the weakened Ringgit is here, and maybe it's time to think of how you can put your weakened Ringgit to help you add value. Perhaps some investment in stocks? Or maybe property? Well, if nothing else, I might as well spend it, at least my consumption power is stronger at present. What say you?


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