" To minimise the effects of a volatile and unpredictable exchange rate Group policy is to enter into forward exchange contracts in relation to the
Group’s overseas purchases for any 12 month period. The actual level of cover taken fluctuates depending on the period until settlement of the
foreign currency transaction, within the Board approved hedging policy. This policy allows cover to be taken on a sliding scale between 25 -100%
depending on the period to maturity (up to 12 months)."
At that point they had $183M in FX hedging.
So unless they have changed policy since then they should at least have 25% hedged up to max 100%.
MYR Price at posting:
$1.65 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)