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Mother share’s sharp drop affects SYF-WB

The share price of SYF Resources Berhad (SYF) has been on a declining trend for the past one year as the Ringgit strengthened against the US Dollar.  A stronger Ringgit is considered bad for furniture manufacturers like SYF as their profit margins would be affected.  SYF Resources share price closed at its one year low of 30.5 sen on 21 March 2018 following the release of its latest quarterly results which saw the group recording a net loss for the second quarter of FYE 7/18.  The company warrant SYF-WB ended trading at 5 sen.

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