Goldman_trader, if you are not in the circle of institutional investors you will not know this. Maybe one day someone will leak this news out, and you will understand what I'm talking about. Anyway, there is no news about it. Which is way worst as transparency is so lacking. Because it's actually happening.

Oh, and if you didn't know already. There has been capital control on domestic institutional funds that they can't convert ringgit to foreign currency to buy foreign stock (since this Monday and with no confirmation on when this will be lifted). With such a restriction, can you imagine what will happen when they lift this? Domestic funds also flock outside of malaysia.

goldentriangle Mier: Ringgit's fair value versus US dollar should be 4.05 to 4.10
http://www.thestar.com.my/business/business-news/2016/12/06/mier-assessment-of-ringgit-value/

1 USD = MYR 4.41950
Our MYR was started to getting strong back from recent weakend, I believe foreign funds will continue buying into our equities and bond in soonest of time from today onwards !
it's good for our economy and stock market !"

This goldentriangle go everywhere say nonsense stuff. Foreign outflow continue everyday, you say foreign funds buying. Who dare to buy malaysian stock when you know you can't convert your ringgit back to foreign currency? No one.

62 sen? that target price from the con-artist Marcus Chan that got suspended and fired from CIMB? lol. funniest thing i've read all day.

they can go down to half sen. lol. thats how much more :D

its to control ringgit so it doesnt hit new low and appear on news headlines. to save jibby face before early election.

All sell who buy? Calvin you buy lah!

For now stay away from Malaysian market and keep foreign currency. Too many measures are being taken to keep money in. Foreigners will sell due to lack of liquidity... EPF will sell to build funds to protect bond market... Local Institutions will also sell to raise foreign currency (btw local institutional investors cant convert their ringgit to foreign currency since Monday).

That institute is jibgor dog. They will say whatever jibgor ask them to say. Foreign houses forecasts our USDMYR at 4.50 - 4.70. So hard for me to trust local institutes already... Bank Negara also become jibgor dog. Who else in the country is independant? No one really.

caution when buying stocks related to EPF already. When the govt bonds expire, and govt issue new bonds, EPF will have to take it up because no external demand due to current capital controls. They will have to sell stocks to fund the bond purchases.

lol dont scare people with things you also dont understand. Trump policy doesn't affect glovemakers. This counter is depressed because of our idiot bank negara.

today only we see the real volume haha. past few weeks all lousy volume.

you guys give too much credit to institutional investors. Institutional Investors can be stupid too lol

lousy governor lead to lousy bank negara trying to stay on good side of jib-gor.

because of the news regarding hedging. exporter like TG forced to convert currency twice which increases costs.

At least I have confidence that USDMYR will stay at 4.44 level and not strengthen much. BNM measures destroyed investor confidence. Put in money cannot take out. In this environment of uncertainty who wants to take such a risk?

Bank Negara happened.

Yea anyway, if already in no point selling, just wait for results next week. If not in, 4.90 is support level, can go in but if close below 4.90 faster sell.

c6 risk too huge at this point. topglove upside is capped since BNM capped USDMYR at 4.47 (probably to avoid appearing in the news headlines for the sake of our dear jib-gor). Maturity is nearing and if you remove the premium of c6, it is supposed to be at half sen. But seems like people are buying, maybe they know something we don't.

but next few quarters will show huge yoy growth.

should be flat yoy but good qoq growth from forex gains.

too bad no1 is excited for it

oh ya hor... mid december results... should be so-so only right.

next week? not january meh?

broke a resistance line though. so i guess more to come....

sell down starting ? O_o

Malaysian Ringgit will die a slow death. No more demand for our bonds since you can't convert it out.

foreign funds buy into our equities and bonds? I've talked to countless fund managers and they all say the same thing. Malaysia market is too illiquid now that you can't convert your currency out of Malaysia.

rubberlover, they can still sell at high USDMYR. only problem is the double conversion when managing their costs.

Did you all know that fund managers in Malaysia cant change MYR to foreign currency to trade foreign stocks as of today?

Did you all know that fund managers in Malaysia cant change MYR to foreign currency to trade foreign stocks as of today?

Did you all know that fund managers in Malaysia cant change MYR to foreign currency to trade foreign stocks as of today?

Did you all know that fund managers in Malaysia cant change MYR to foreign currency to trade foreign stocks as of today?

another 2 months for your money to be come zero.

hovering at dangerous levels. lets see how it fares this week.

But, these are far thinner buffers than the MYR has ever seen since the 1997/98 AFC. We have turned more negative on the MYR, with 3M/6M forecast now at 4.60/4.70. We also see potential of USDMYR hitting 4.80 by mid-2017 (vs record 4.88 during peak of AFC in 1998). - Macquarie

haha con stock. lucky i out at 25sen.

US rate hike already factored in 100%. wont move USDMYR.

below RM5? lol okay.

i also dont think oil price will strengthen MYR. Bank negara did a stupid move by doing soft capital control. Foreign bond holders will exit, and 10% increase in oil price will not increase our foreign reserves dramatically. You see all the other neighboring countries currency strengthen back, MYR doesnt, because fear of capital control. No one will buy malaysian bonds anymore because it has become illiquid.

Vivocom clearly a scam stock now as evident by CIMB's hoax report. Everyone will stay away now.

scam company people still dare buy? hahahha

window dressing. tomorrow will be back to normal.

See if epf want to sell more. Hopefully supported by whoever bought at 5.28

tomorrow will fall T_T

tomorrow i will lose money already haha

haha. sorry i was queuing high to ensure i got the share at last 10mins. but there was no sell queue... bought until 5.28.

i'm collecting slowly.

hahahaaahhaa DEAD counter is DEAD.

qr is in january. thats not very soon. anyway should be better quarter-on-quarter but probably lower year-on-year as this high USDMYR rate does not factor into this quarter's earnings. it will be next quarter story.