The A$ has depreciated against the Indonesian rupiah by 8 per cent so far this year. This will surely be good for investors when profits are repatriated back into Australia.
Another reason that the A$ depreciation is good for CCL is that it will hurt the supermarkets and their cheap imitations - squeezing already tight profits and reducing their pricing advantage.
time to sell this oldie brand, page-7
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
