Value strategies can be applied anywhere and although Singaporeans like to shop in Malaysia, it isn’t a popular foreign stock market among the investors. One of the reasons that come to mind is the forex risk – the devaluation of the Malaysian currency versus the Singaporean dollar. In the past, it used to be one Singapore dollar for every two Malaysian ringgit. Nowadays, it’s one Singaporean dollar for three Malaysian ringgit. There is some obvious risk if you buy stocks in Malaysia therefore if the currency continues to be worth less than what you traded it for. But that doesn’t mean there are no opportunities as the gains can dwarf the forex losses at times. We just need to make sure the potential gain is huge enough before we invest. Bright Packaging (Bursa:9938) was a value stock we picked up using our CNAV strategy back in 2016....