FINANCE

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KembaraXtra – Islamic Derivatives: Why Share Price Decreases When a Company Incurs Losses


🔹 Key Idea
 
👉 Share price reflects the value of the company
👉 When a company incurs losses → its value decreases
 
Therefore, share price falls


🔹 1. Lower Profit = Lower Value
 
👉 Investors buy shares to earn:
  • Dividends
  • Future growth


🔸 When Company Makes Loss
  • No profit to distribute
  • Dividends may be reduced or stopped
 
👉 Investors expect less return
 
Demand for shares decreases → price falls


🔹 2. Negative Market Expectations
 
👉 Loss signals problems like:
  • Weak management
  • Poor sales
  • Economic issues
 
👉 Investors think:
  • Future performance will be worse
 
So they sell shares


🔹 3. Supply and Demand Effect
 
👉 When many investors sell:
  • Supply of shares ↑
  • Demand ↓
 
👉 Price automatically drops


🔹 4. Reduction in Company Net Worth
 
👉 Loss reduces:
  • Company assets
  • Retained earnings
 
👉 So:
  • Company becomes less valuable
 
Share price reflects this lower value


🔹 5. Risk Becomes Higher
 
👉 Loss means:
  • Business is riskier
 
👉 Investors require:
  • Higher return for risk
 
If not achievable → they sell → price drops


🔹 6. Simple Case Example
  • You buy shares at RM10
 
👉 Company incurs losses
  • No dividends
  • Poor future outlook
 
👉 Investors sell → price drops to RM7
 
Loss in company → loss in share value


🔹 Islamic Finance Insight
 
👉 This is acceptable in Islam because:
  • Profit and loss sharing
  • Real business performance
  • No guaranteed return
 
👉 Loss is part of ownership risk


🔹 Simple Summary
  • Loss → lower profit
  • Lower profit → lower demand
  • Lower demand → lower price
 
👉 Share price falls because the company becomes less valuable


🔹 Final Exam Insight
 
👉 “Share prices decline when companies incur losses because investors expect lower future returns, leading to reduced demand and a decrease in the company’s perceived value.”
 

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