There has been major "realignment"of global currencies over the last 12 to 18 months....A double edged sword given the global nature of ZGL business & the fact it quotes it profits/revenues in SGD which in turn translates into AUD. Here are some movements that relevant to ZGL: # SGD/AUD: Strengthened by 25% from 0.70 to 0.90....Good for us Ausies....Will make ZGL numbers a lot healthier converted to AUD (revenues/profits/NTA) # SGD/USD: Weakened by 9% from 0.85 to 0.78....Also good...More competitive. # SGD/CNY: Weakened by by 15% from 5.45 to 4.74....Also good. # SGD/JPY: Massive strength by 35% from 0.56 to 0.80...mainly because of intentional devaluation of of the Yen globally....This is bad. It is likely these currency trends will persist for the foreseeable future.
ZGL Price at posting:
23.0¢ Sentiment: LT Buy Disclosure: Held
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