With MR strengthening, Export counter theme is over

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.

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2 comment(s). Last comment by Ayoyo 2016-01-28 16:49

Ayoyo

379 posts

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

Ayoyo

379 posts

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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