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US$ rally a boon for some SGX firms
Shipyards, tech stand to gain while airlines lose out, but impact will be softened by hedging
Add BT as a preferred sourcePublished Sun, Jul 1, 2018 · 09:50 PM
Singapore
THE US dollar's recent climb against the Singapore dollar and other currencies may boost the financials of some Singapore-listed companies, albeit marginally, given the hedges several of them have in place, analysts say.
They generally agree that counters in the shipyard and tech sectors stand to gain from the stronger US dollar, while airlines would rely on hedging to cushion the impact on fuel costs.
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