● CS' FX strategy team has raised USDMYR forecast to 4.0 in three months and 3.80 in 12 months (from 4.10 and 4.0 previously). RM has appreciated 8% vs the USD YTD and is currently at the strongest level so far this year. ● In our view, Companies most materially affected would be (1)  those with mismatch in USD-denominated revenue and cost, (2)  companies with majority of profits derived from