“I feel that IHH’s Acibadem is one of the bright spots for the IHH group. I am not really concerned at all and the developments in the lira are just white noise, ” the analyst said.
PETALING JAYA: The overnight fall in the Turkish lira has placed the focus on two stocks that have their operations in the country – IHH Healthcare Bhd
and Malaysia Airports Holdings Bhd (MAHB).
The Turkish lira, which was already hovering at its historical lows, has seen renewed selling interest after it was reported that the overnight borrowing cost of the Turkish currency in the offshore market had surged to the highest level since March 2019.
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