Netflix shares fell more than 8% in after-hours trading , as a disappointing second-quarter outlook and leadership changes outweighed otherwise solid first-quarter results. Weak Guidance Sparks Sell-Off Netflix forecast Q2 earnings of US$0.78 per share , below analyst expectations of US$0.84 , while revenue is projected at US$12.57 billion , missing the US$12.64 billion consensus . The weaker guidance raised concerns over near-term growth momentum , triggering a sharp negative market reaction. Strong Q1 Performance Fails to Impress For the first quarter: Revenue rose 16% YoY to US$12.25 billion (above estimates) Earnings surged 86% to US$1.23 per share However, earnings were boosted by a US$2.8 billion one-off termination fee , reducing the quality of underlying growth. Operating margin improved to 32.3% , but still came in below expectations (32.4%) , further dampening sentiment. Rising Costs and Strategic Sh...
My personal take on the Ringgit's weakness that have continued
And if you are not concern, then this chart should show you otherwise.
Malaysian Ringgit was the second worst currency performing in Asia, behind the Japanese yen, ever since Donald Trump's surprise victory in the presidential election in the United States.
Here are some of the things that have been said about the Ringgit.
1) The Ringgit has suffered more in general because of the higher percentage of foreign holding in the bond market.
2) Uncertainties over Trump's policy once he takes over has caused concern over emerging market and Ringgit.
3) Fundamentals have not change. The Ringgit is undervalued, but uncertainties are making it less attractive.
Honestly, it's difficult to tell if it's really just Trump that had caused the weakness in Ringgit. Remember that the oil price has slowly moved up to its current 40 to 50 USD per barrel from the 20 to 30ish range in February this year but the Malaysian Ringgit has not seen the same magnitude in movement.
So far, negative headlines have surrounded Ringgit and if you have traveled to countries like Indonesia, like myself, you'll feel depressed because the Indonesian Rupiah seems to be gaining more value than the Ringgit. (Sad but true)
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