Export Counters Still Attractive

Counters that benefit from the weakness of the Ringgit like the rubber glove sector and furniture exporters may see dampened earnings following Bank Negara's new directive stating that 75% of export proceeds must be converted to Ringgit. Although the full impact is still too early to assess, Devan Linus, CEO of Malayan Traders Capital believes the global growth recovery theme will outweigh local risk events.