$Jardine C&C (C07.SG)$ USD drops and the stock will rise as ...
USD drops and the stock will rise as its reported earnings is in USD.
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102539156 Dan : But y?
Deep SeaOP 102539156 Dan: They earned Rupiah and will need to convert to USD to report in USD functional currency. When USD drops, its earnings will rise due to forex gains.
JOMATE Deep SeaOP: This equity is so unpredictable , only has to apply on faith.
Deep SeaOP JOMATE:
102539156 Dan : I think it’s more on the banker when they want to pull this ticker up… its always going opposite main trend of others