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usd 4.59.Breaching 4.60 anytime. Beginning if the year only 4.20. Based on current rate the export industry has a gain of approximately 8%. It will hit 4.80 soon and enough to balance the increase in labour cost. 1st quarter should register a good results.
By December quarter,glove company profit will be enhanced by three factors of 1)increase in volume 2) increase in ASP 3) Gain from exchange rate. Expected usd against RM will reach 4.80 if there is no government intervention in exchange rate.
