Aiyo now that TF aredy received full payment of AAC with usdmyr rate of 4.19 .. what he saying RM should back to RM 3.8.. aac sales 1.1billion usd 3.8 vs 4.19 is 10% extra from forex gain?
Airline business rely on USD denominated currency expenses such as fleet gasoline, rental/lease from US based company and so on. It is important to keep the cost in line.
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freetospeak
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Posted by freetospeak > 2018-11-16 13:10 | Report Abuse
It will rise to 3.50 b4 annoucemnt jump to 4.50 after dividend declared....monthly chart will show strong reversal sign...from bottom of 2.60