Can we simply trust the business/financial media press?

Behind the News —— Have their own Agenda.

In the world, who can be trusted? Yourself. 

Let's take this for example.

From the news published on 23 July 2018 (Monday, 12:00 a.m.), it claimed that "Furniture and glove makers winners in US-China trade war" -- For wood-based panel makers, potential beneficiaries would be:

1. Mieco Chipboard Bhd

2. Evergreen Fibreboard Bhd

3. HeveaBoard Bhd

As for glove makers, they are:

1. Top Glove Corp Bhd

2. Hartalega Holdings Bhd

3. Kossan Rubber Industries Bhd

On 28 February 2019, HeveaBoard Bhd released the FY2018 4th quarterly financial results. From the notes to financial results, the management claimed that the lower revenue and profit before tax were mainly due to the soft particleboard market sentiment caused by: 

1. the trade war between USA and China

2. weakened USD/MYR exchange rate
3. increase in direct raw material cost

Figure 1.0: HeveaBoard FY2018 4th Quarterly Financial Results

Figure 2.0: Evergreen Fibreboard Bhd's Financial Results Summary

Figure 3.0: Top Glove Corp Bhd's Financial Results Summary

Figure 4.0: Hartalega Holdings Bhd's Financial Results Summary

From the above examples, we have to be rational while reading the business or financial news as sometimes their write-ups may have their own agenda behind or they may be ignorant, but still have to come up some works to show their bosses. 

However, we have to exercise our own judgements to verify the information sources that we obtained nowadays.

"No matter the situation, never let your emotions overpower your intelligence."