Daytr, I just read back thru' previus announcements and don't see a reference to hedging. On the contrary, the November 21, 20144 Chairman address states ..... this year ( 2014) recorded our first t decline in gross profit margin. This was primarily due to the depreciation of the $A " Given that statement, and the $A has come down a hell of a lot more since the Chairmans address, I cant help but think its going to have a huge negative impact. Can you advise where in their announcements/reports it states they are hedged, coz it seems at odds with the Chairman's comment ( as above) which implies they are wholly or partly exposed to the $A. Passing on extra import prices in $A terms to customers is not easy in this current economic environment
MYR Price at posting:
$1.64 Sentiment: Sell Disclosure: Not Held
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