You are here

US$ rally a boon for some SGX firms

Shipyards, tech stand to gain while airlines lose out, but impact will be softened by hedging

BP_$$_020718_2.jpg
The greenback started 2018 feebly at S$1.328, its lowest since June 2016, and sank further to S$1.306 on Jan 25 following US Treasury Secretary Steven Mnuchin's comments that he would welcome a weaker currency.

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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes