Monday, January 7, 2013

GMG, Sri Trang and Goodpack

Yen / Rubber: Yen at 30-month low against US dollar, big boost for exports, which which promises to boost exports and the country's earnings dramatically, while Tokyo stocks surged to a 22-month high. With the Bank of Japan widely expected to announce further monetary easing measures this month, dealers say that the yen could sink below 90 to the dollar while also declining further against other leading currencies. Notable Rubber plays in SGX includes GMG, Sri Trang and Goodpack.

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