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Singapore firms both winners and losers in yuan's downtrend

Those with production base in China and selling in USD could reap major forex gains

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Tay Peck Gek

Tay Peck Gek

Published Wed, Nov 13, 2019 · 09:50 PM
    Yuan devaluation

    Singapore

    THE US-Sino trade war and the fallout on the Chinese yuan are both benefiting and hurting Singapore companies - depending on what's their currency of costing and sales vis-a-vis their reporting currency.

    Among the beneficiaries are several companies with costs in yuan and sales in US dollars.

    Trade warYuanYangzijiang ShipbuildingvaluetronicsSasseur ReitYanlord Landwilmar international

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