http://klse.i3investor.com/blogs/LoRDGoR/80419.jsp

S&P keeps Malaysia's A- sovereign rating, outlook stable

Standard & Poor's kept Malaysia's long-term foreign currency sovereign credit rating at A- with a "stable" outlook, saying allegations of graft involving debt-laden state fund 1Malaysia Development Berhad (1MDB) will not impede policymaking.

The agency also said it does not see the decline in energy prices affecting Malaysia's long-term fiscal consolidation.

"The country's strong external position and fairly diverse economy can absorb some weakness in the oil and gas sector," S&P said in a statement on Monday.

The agency last revised lower Malaysia's outlook in 2008 while the country's rating has been kept at A- since 2003.

S&P's announcement comes on the back of Fitch Ratings decision earlier this month to revise its Malaysia outlook to "stable".

Although the major oil and gas exporter saw its revenues hit by lower energy and commodity prices earlier this year, S&P said the country's strong external position "can withstand a slowdown in the oil and gas sector over the next two years".

S&P's decision was widely expected and economists said the move was positive and reflects the government's efforts to better manage its economy.

"Combining S&P and Fitch's statements together, it is reinforcing our view that as long as the fiscal reform momentum is intact and there's no change in the regime, we'll continue to see statements supportive of the sovereign rating," said Euben Paracuelles, economist at Nomura Holdings ( Financial Dashboard).

The Malaysian ringgit slid to a 17-year low on Monday as it extended declines, making it the worst performing emerging Asian currency this year.

However, S&P said that the weak ringgit would help "boost exports of manufactured goods, and partly offset the impact of lower oil prices in Malaysia's energy exports".

The country's reserves have fallen $31.5 billion since September 2014, when oil and gas prices, and the ringgit, started to weaken.

RIGHT TRACK

S&P said Malaysia was on the right track after the government embarked on fiscal consolidation. Malaysia axed fuel subsidies in December 2014 and introduced a consumption tax in April this year to ease its debt burden.

The ratings agency said the country's public debt had contingent risks, including a $3 billion "letter of support" for 1MDB from the government, but added it did not believe such contingent liabilities would materialise significantly.

Investment fund 1MDB has debts of more than $11 billion and is under investigation from state authorities following allegations of graft and financial mismanagement.

http://www.theedgemarkets.com/my/article/sp-keeps-malaysias-sovereign-rating-outlook-stable

S&P keeps Malaysia's A- sovereign rating, outlook stable

Standard & Poor's kept Malaysia's long-term foreign currency sovereign credit rating at A- with a "stable" outlook, saying allegations of graft involving debt-laden state fund 1Malaysia Development Berhad (1MDB) will not impede policymaking.

The agency also said it does not see the decline in energy prices affecting Malaysia's long-term fiscal consolidation.

"The country's strong external position and fairly diverse economy can absorb some weakness in the oil and gas sector," S&P said in a statement on Monday.

The agency last revised lower Malaysia's outlook in 2008 while the country's rating has been kept at A- since 2003.

S&P's announcement comes on the back of Fitch Ratings decision earlier this month to revise its Malaysia outlook to "stable".

Although the major oil and gas exporter saw its revenues hit by lower energy and commodity prices earlier this year, S&P said the country's strong external position "can withstand a slowdown in the oil and gas sector over the next two years".

S&P's decision was widely expected and economists said the move was positive and reflects the government's efforts to better manage its economy.

"Combining S&P and Fitch's statements together, it is reinforcing our view that as long as the fiscal reform momentum is intact and there's no change in the regime, we'll continue to see statements supportive of the sovereign rating," said Euben Paracuelles, economist at Nomura Holdings ( Financial Dashboard).

The Malaysian ringgit slid to a 17-year low on Monday as it extended declines, making it the worst performing emerging Asian currency this year.

However, S&P said that the weak ringgit would help "boost exports of manufactured goods, and partly offset the impact of lower oil prices in Malaysia's energy exports".

The country's reserves have fallen $31.5 billion since September 2014, when oil and gas prices, and the ringgit, started to weaken.

RIGHT TRACK

S&P said Malaysia was on the right track after the government embarked on fiscal consolidation. Malaysia axed fuel subsidies in December 2014 and introduced a consumption tax in April this year to ease its debt burden.

The ratings agency said the country's public debt had contingent risks, including a $3 billion "letter of support" for 1MDB from the government, but added it did not believe such contingent liabilities would materialise significantly.

Investment fund 1MDB has debts of more than $11 billion and is under investigation from state authorities following allegations of graft and financial mismanagement.

http://www.theedgemarkets.com/my/article/sp-keeps-malaysias-sovereign-rating-outlook-stable

Luckily topup some at 0.865

Nope
It haven't touch my base price yet
Far to go

I trust this stock
But I bought not much initially
Now a bit regret

china index drop
once stable later on , rebound very soon for KLCI , LCTH also
cheerss

aiya
shang hai index drop only
will rebound back very soon

shang hai index drop
no wonder drop so much

it indicates what ?
time to collect more
hahahaha

So many ppl panic sell for what

Time to collect more now

A good consolidation before shoot to another new high
cheersss

aiyoyo
where got stock keep up every days

so fast say game over

just need some force/catalyst

No need wait qr
Sudah Kene 0.45 Liao lo
Hohoho

Thanks for hitting 0.46

Bintai engine start again
go hit 0.45 pls

our mum try hard to born us to this world

dont always fxxk ppl jxbai , jxbai
no good

today bot lat liao
but i trust you

take a rest , before begin ur new journey
dont disappoint me

today no eat tongkat ali ?

i plan to TOPUP
brothers
which is the suitable point to TOPUP ?
or have to wait it break 0.45 first ?

average price now is 0.28

semua stock is the same
when it no move, no one want look at it
when it explode , many will come and look at it

习惯就好
hahahahaaaaaa

sui sui

need banyak patient , then only can be rewarded

Profit taking in process ;)

cantek !!!

Friendly reminder: Don't add any BINTAI shares until next Tuesday 10:20am.........................


what does it mean ? :)

aiyoyo
still quarrelling here ka

hahahahha

will follow the fly of LCTH and GESHEN

due to the price movement, it sound that coming qr is good ?
agree ?

grab at 0.32 last few days
kikikikikiiiiiii

hit finally 0.9

lai liao lai liao

Qr today out ?

Most probably today can hit 0.9 today
Cheersss

let it drop
i want collect
lai lai
cheap sale for me pls

sudah topup liao
lai lai
show me your streght
dont disappointed me xD

power lai power lai
kasi penetrate
:)

aiya
as long as a stock with good fundamental
one more point is , this company is a net cash company , it have no owe any debt yerr :)

if you are not contra kaki ,no need worry la

think logically
this stock will be beneficial if the US dollar is stronger

so , i think the coming qr should good

cheers chy72 :)

our bus haven't reach the final destination

can wait for correction, then enter / topup :D

I will wait for the QR first
This is my strategy

Like MR OTB say
If QR very good
RM1 should be a reasonable price to be reached :)

PATIENT :)

cheers bro
many stock guru predict TP is above 0.9
if the qr coming later is really very good , should be a catalyst to push up the price

just hold tight ur share , don't be panic seller
panic seller are always the loser in share market

i believe PENTA CAN BREAK ANOTHER NEW HIGH

Show 1 hari sj ker ?
Hahhahah

When is qr out
Penta pls brrak 0.9

Will break it if qr is good
no need worry

sabar2
jgn gaduh jgn gaduh

tomorrow will be a profit taking days + correction

i'm ready to TOPUP !
hahahahahah

cantik sekali !!
0.4 cun cun shoot