Bursa Malaysia Stock Watch
Amway, Tenaga to gain from ringgit rise: RHB
kltrader
Publish date: Thu, 28 Apr 2011, 10:58 AM
kltrader
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Amway (Malaysia) Holdings Bhd, power utility Tenaga Nasional Bhd and media companies are among stocks that will gain as the strengthening ringgit lowers their dollar-denominated costs, according to RHB Research Institute Sdn Bhd.
The ringgit's strength is 'negative' for exporters such as Unisem Bhd. and oil and gas companies that are exposed to overseas contracts, Yap Huey Chiang, an analyst at RHB, wrote in a report today. -- Bloomberg
The ringgit's strength is 'negative' for exporters such as Unisem Bhd. and oil and gas companies that are exposed to overseas contracts, Yap Huey Chiang, an analyst at RHB, wrote in a report today. -- Bloomberg
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