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2 comment(s). Last comment by Ayoyo 2016-01-28 16:49
Posted by Ayoyo > 2016-01-28 16:43 | Report Abuse
It's just a temporary phenomenon. Myr is still trading at around 4.20. With continued pressure on yuan and other emerging markets currencies plus interest rates rise in US, do you think myr will hit 3.8 or even 4 anytime soon?
The logical thing to do now if one is holding export stocks is to hold and let the finicky market flush out the weak holders. Yeah, the correction may be brutal when buyers are few and far but playing to the whims and fancies to the flow of the day will ensure one is a long term loser.
If your stocks are bought with sound fundamentals, growing top and bottom line, there is no need to fear
Posted by Ayoyo > 2016-01-28 16:49 | Report Abuse
Even at 4.203 now, myr is trading lower compared to six months ago although it's now at its highest point of its 5 month trading band
So, if the stocks you hold doesn't rely solely on forex gains to score profits but show real operating revenue growth, nothing to be of concern yet
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Posted by HellowKiety > 2016-01-28 16:25 | Report Abuse
That explains why the huge drop in all the export counter. God bless who bought all these at their very high such as TopGlove etc.