PETALING JAYA: The ringgit’s rally in recent weeks will benefit businesses that import a lot and have large US dollar debt exposure, while those with large US dollar sales exposure are likely to face profit headwinds.
Hong Leong Investment Bank (HLIB) Research said potential stock winners from the ringgit’s 6.5% rally year-to-date (y-t-d) include Tan Chong Motor Holdings Bhd
, Sime Darby Bhd, Capital A Bhd, Carlsberg Malaysia Bhd, Heineken Malaysia Bhd, QL Resources Bhd, Nestle (M) Bhd and Astro Malaysia Holdings Bhd.
It noted that stocks likely to face pressure include Vstecs Bhd, Uchi Technologies Bhd, Hartalega Holdings Bhd, Kossan Rubber Industries Bhd, Top Glove Corp Bhd, Dayang Enterprise Holdings Bhd, Deleum Bhd, Keyfield International Bhd, together with all technology stocks as well as wood-based manufacturers such as Evergreen Fibreboard Bhd and Heveaboard Bhd.
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