Auto stocks to benefit from strong Ringgit

nissan jukebox

Automotive stocks will remain bullish if the ringgit recovery against US dollar maintained   its momentum, The Star reported.

These stocks could add on to picks up if buyers feel better about the economy and thus increase spending on first-class things.

Recently, Grant Thornton’s quarterly business survey reported that business leaders in Malaysia saw their confidence rising by 6 per cent in the fourth-quarter of 2017 which is a positive recovery from  36 per cent a year ago.

The survey revealed that 58 per cent of business owners are anticipating an increase in profits which is up to 46 percentage points from the third-quarter of last year.

Continue reading “Auto stocks to benefit from strong Ringgit”