Zaclim wrote a post · Aug 20 20:46

The ringgit is on fire! Find out how this massive rise is shaking up different industries

$GCB (5102.MY)$ $TCHONG (4405.MY)$ $KPJ (5878.MY)$

The stronger ringgit is benefiting importers in the automotive, consumer, and healthcare sectors by lowering the cost of imported materials. Companies like Sime Darby, Tan Chong Motor, Berjaya Food, and Apex Healthcare are seeing potential earnings growth.

However, tech and oil companies like Inari Amertron and Yinson Holdings, which rely on USD sales, are facing challenges, with possible earnings drops of 5% to 10%

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Zaclim

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