PETALING JAYA: Local Japanese automotive franchise holders are set to gain from the weakening yen, triggered by the country's aggressive monetary easing plan.
“Auto players are direct beneficiaries of a weakening yen due to cheaper component costs. Among the auto stocks we cover, Tan Chong Motor Holdings Bhd
has the largest exposure, with about 18%-21% of its component cost denoted in yen,” Maybank Investment Bank Bhd analysts like Wong Chew Hann said in a report.
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