Seems our sentiments are at odds a bit !! You also need to factor in the $A vs $US ( or the Chinese Remnimbi if that's what imports are priced in). In their last financial statement they indicated exchange rate movements had an impact on the bottom line and that was before the recent huge $A slump to 78 cents . I don't recall ever seeing any commentary on hedging, so if there has been no hedging then it could really bite. All in my humble opinion. Look, if MYR fell to the 1.30's due shorters I would give it another look but I just feel uneasy at the moment
MYR Price at posting:
$1.66 Sentiment: Sell Disclosure: Not Held
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