MASTEEL (5098) - MASTEEL : Long Steel Miller That Direct Benefiting of Strengthening Ringgit




RM vs USD is strengthening & Masteel is directly benefiting from the RM appreciation. 

 
30/09/2016 = RM4.125 
31/12/2017 = RM4.486 (-8.75%, QR forex loss = 11.02mil
31/03/2017 = RM4.427 (+1.3%, QR forex gain = 1.3mil
30/06/2017 = RM4.295 (+2.98%, QR forex gain = 6.44mil
07/09/2017 = RM4.192 (+2.4%, QR forex gain = ???
 
 
 


野村證券:美元跌浪剛開始 (香港明报)

【明 報專訊】地緣政治形勢不明朗之際,野村證券發表的報告表示,美元兌歐元及日圓將進一步偏軟。野村預期,美元整體趨勢將是下行,且持續「多年」的跌浪才剛剛 開始(見圖)。野村外匯策略師Bilal Hafeez預測,歐元兌美元可能在未來幾年上漲20美仙,至1.4美元;日圓兌每美元將由目前的109水平,升至90或以下。
Source: http://klse.i3investor.com/blogs/stockkingdom/131728.jsp
 


Ringgit at near 10-month high

KUALA LUMPUR: Asian currencies rose on Thursday as investors saw the resignation of US Federal Reserve vice chair Stanley Fischer as a sign that it will be even more cautious about raising interest rates again, implying further weakening in the dollar.
Source: http://www.thestar.com.my/business/business-news/2017/09/07/ringgit-at-near-10-month-high/
 

 

Sept 8: Ringgit continues climb against other major currencies

KUALA LUMPUR: The ringgit opened stronger against the US dollar today, in line with regional currencies.
At 9am, the local unit traded at 4.1865/1895 versus the greenback, from yesterday's 4.2080/2110.
A dealer said Asian currencies are rising because investors see the resignation of US Federal Reserve vice-chair Stanley Fischer as a sign that the US central bank will be even more cautious about raising interest rates again, implying further weakening of the dollar.
Source: http://klse.i3investor.com/servlets/fdnews/236665.jsp


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