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I have received this article from Mr. Koon Yew Yin, one of the co-founders of IJM and also a very experienced investor. I think it is a very good read. No matter how experience you are, I think you will benefit from reading this.
How to interpret company announcements
Koon Yew Yin
According to Malaysian Securities Commission’ rules all listed companies have to make announcements of their quarterly results and other business activities that are unusual to their daily business operations.
I would like to share with you my experience on how to interpret and take advantage of the various announcements as follows:
Under the current condition, I will not read announcements by building contractors and property developers. I am not interested to know about huge land transactions.
I will also not read companies that have poor profit growth prospect.
As you know, our Ringgit is the lowest in the last 5 years and readers should look at announcements by companies exporting their products in US$. "