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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

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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...

sentifi.com

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