AUD Impact: Analysts highlight SingTel may suffer fallout from AUD jitters as its Australian unit Optus accounts for >60% of group revenue. While currency weakness has no direct impact on Optus' ops as its earnings and costs are predominantly in AUD, there would be a currency translation impact when its earnings are converted to SGD. However, SingTel spokesperson noted that this was unlikely to have a major impact on the yoy comparison as its 2QFY09 results also coincided with a weak AUD.
Other listed companies with Australia exposure include Ezion, Ausgroup, Australand, SP Ausnet, AV Jennings, Tat Hong, Tiger Airways.
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