Stronger or weaker ringgit – will only have a short-term impact as the cost-sharing mechanism will eventually come into effect. Topglov already in the market for decades, they know how to manage this.
Some companies change exchange rate setting in system monthly, some companies get the latest daily rate from bloomberg or reuters via automatic interface. Exchange rate gain or lost will be keep at minimum for receivables transactions.
Topglov as a multi-national company has own forex hedging policy and machanism handling the forex fluctuations.
This round of sharp increase in MYR will not last long, market will find the right position very soon.
Exchange rate of 4.30, 4.20 still consider high if we compare to pre pandemic
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
MQ Trader 138 views | 15 h ago
0:17
New IPO: An enterprise IT solutions provider that provides implementation services, maintenance, support and professional services, Vetece Holdings Bhd aims to list on the Ace Market!
MQ Trader 392 views | 4 d ago
0:17
New IPO: A manufacturing and trading of biomass fuel products, particularly PKS and wood pellets company, Elridge Energy Holdings Bhd aims to list on the Ace Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Huangbk72
4,944 posts
Posted by Huangbk72 > 2 weeks ago | Report Abuse
If you can read chinese.. Why not share what happened to Bester in July?
U malu cos you exposed as a gibberish talker again? 😂😂😂
Posted by Vincenzo999 > 6 seconds ago | Report Abuse
You challenge me can read chinese or not. I just post Chinese here to give you a big slap on your big fat face ma.
Do you understand now?