Posted by ks55 > 1 month ago | Report Abuse

Ringgit appreciates too much too fast is not good for Malaysian business.The effects could be similar to 1997/98 when ringgit nose-dive.

Consider importer and exporter businesses. How to decide on pricing when come to negotiation? Hedging is one effect way, but that involve cost.

You export your products (say to US) in USD, then your dollar worth much less in terms of ringgit, cost of production may be more than your export value. You make a loss.

You import crude oil from Saudi in US dollar earlier, your inventory all are much lower than replacement cost, so refinery has to write off big money to reflect on actual value. Refinery lose money.

Only trading company that import goods from China (especially EV) will make more money, as ringgit appreciates more than RMB. So MR DIY is going to make more profit.

Posted by ks55 > 1 month ago | Report Abuse

Bull started its journey when foreign capital poured in 8.1 billion into our financial system via purchasing of MGS in August. More inflow is expected after FED lowered interest by 0.5% and continue its downward trend. Coupled with 180 billion FDI for first 6 months in 2024, Bursa surely will out perform regional market.

https://www.youtube.com/watch?v=8C3HJGhI2JQ

Posted by PureBULL ... > 1 month ago | Report Abuse

INVESTORS, [2024-09-12 5:59 AM]
Protect the downside,
Upside will take care of itself;

world # 1 iliot pres dtrum told the investing world,,,

INVESTORS, [2024-09-13 3:51 AM]
RM's the FOREX CHAMPION simberleh all our exporting biz.

its so strong against all the popular currencies now, esply
RM is UP a whooping 12% vs usd, since June 30th 2024, the last day of last QR.
https://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=MYR

n RM cld go stronger going forward = to more trouble AHEAD!
This case is, When-Mkt-Collides...

RM caused the CRASH of all our valued best exporting stocks.
this sudden behavior is like kena hoot.9.e 96 96,,

All our valued TECH stocks with factories crashed n non-stop!
n FUN r dumping all related to tech, EMS, Glove, Furniture stocks n etc,
next QR n beyond cld eat.energy,,

The simple math is, QR sales x 12% = gross LOSS!

FUNDS in the know r dumping asap like crazzzy.
TECH stocks r the worst as shown by our famous OSAT:
https://www.tradingview.com/x/o0wbDl0A/
https://www.tradingview.com/x/Q4EgHf4S/
https://www.tradingview.com/x/eLwkDROz/

https://www.tradingview.com/x/yQ8QyhKG/
++++++++++++++++++++++++++++++++++++

What stocks cld do well:

Sales.in.RM Theme.play
shd purebull run now n onwards...
we need an efficient mkt to recognize those Value stocks,,,

Huge importers of raw materials, parts n products; for selling their
finished goods in strong RM shd do well easily.
Am seeing values in
Power n water utility stocks
motor.bike n car stocks
Importing Tech products n devices stocks n retailers n
select general contractor stocks.

Mkt signal is, Construction n Utility indices r the strongest now.

https://klse1.i3investor.com/blogs/savemalaysia/2024-09-27-story-h470080289-Fitch_unit_sees_ringgit_reaching_4_00_to_USD_before_2024_is_out.jsp

Posted by speakup > 1 month ago | Report Abuse

USD is toilet paper. 1 USD should only be worth RM2.50! that's the price of toilet paper currency

Posted by Income > 1 month ago | Report Abuse

https://youtube.com/shorts/rHdzD9upXtY?si=03wcTWUnvVisliZ8

Posted by OTB > 1 month ago | Report Abuse

The strength of RM is on the uptrend basing on the technical chart.
I agreed that the appreciation of RM is too fast and too soon.
It may cause more problem for exporters to do business.
I strongly believe it is good for the present government or BNM to reduce interest rate by 25 bp to reduce the strength of the RM.
It is also good that the appreciation of RM will be gradual and this will give enough time for all business to adjust to this new phenomenon.

There are many advantages of reducing interest rate by 25 bp.
All loan borrowers have lower installments to pay.
This extra money can be used to invest in property, stock market, buy car and etc.
This extra spending will improve the economy of Malaysia and improve GDP further.

I hope the BNM will reduce the interest rate by 25 bp soon.
Thank you.

Posted by Income > 1 month ago | Report Abuse

https://youtube.com/shorts/0ObTqFz2_cU?si=kGUPVBag3h0btHti