i believe the current rally do have foreign funds involvement because from March to May the Malay dollar vs US dollar strenghten from 3.7255 to 3.489 -
On 28 (3.523)& 29 (3.5075) May the Malay dollar shows signs of weakening.

If we look at the current rally general trend it's still intact. What about coming weeks?
Can it reach 1070?

This post has been edited by Kinitos: May 31 2009, 09:05 PM

yes you are right, at least that's what Yusry the Bursa Head says.
Foreign funds have started to buy in Malaysian shares recently. Come this June, more will be involved with the Invest Malaysia Campaign.

I'm going to double down on my Huaan

I'm not sure if Bursa and Dow Jones will be red or green the coming week.

One thing I've learned is that things never turn out the way we expected.

Come what may, I'm prepared. I have 100% of my bullets and my balls are made of steel

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Added on May 31, 2009, 10:45 pmI'm sorry, but naming the company might get LYN sued. Best if you ask your remisier

This post has been edited by Malefic: May 31 2009, 10:45 PM

thanks for the points
i have exceptionally strong holding power that it might be bad. no stop loss

guess i'll sit on the sideline now

This post has been edited by aichiban: May 31 2009, 11:33 PM

To add a point, reit can be served one of hedging tool if inflation is back, as properties price and worth generally goes hand to hand with inflation rate.

So you have double play on it. Dividend + hedge against inflation.

Main risk - getting tenants.

I don't think it is significant, yes it got some inflow, but not major or large scale.

As BNM's foreign currency reserves cannot lie which is not showing sign of major flow in despite still recording good trade surplus every month.

RM vs USD movement is more in line with USD major movement in against major pair. In fact RM appreciating less compared to most currencies vs USD.


PS: There is no Malaysia dollar, only RM or US dollar, or Aussie dollar, it just makes it hard to read only.

Also.. doesn't BNM still actively managing the currency rate ratio between a certain percentage point?

Therefore, I am not sure if higher or lower exchange rate is a good indicator for either inflow/outflow of investment in Malaysia equities market if BNM is still manipulating the exchange rate behind the scene.

what do u mean by still?
can they actually manipulate exchange rate? i doubt so

But.. hold on a sec here.

Read this article:
http://www.globalpropertyguide.com/Asia/Ma...a/Price-History

The charts seem to imply house prices for the last 2 years has gone down 2%-5% but inflation has gone up 8% same time period.

Can REIT in Malaysia can be used to hedge against inflation? Oversupply is not an issue?

gonna sleep early...
tomorrow hail TM NUTS!!!
Gonna pump 20% of my total investment into the Suckmyx company...
30% into IOI
20% into TMCLIFE (been monitoring it for months)
good nite.... waking up by 8AM

Hmmmm...I'm not sure if some people understand the concept (and reality) of Chapter 11 or Chapter 7 bankruptcy in the US.
It's not like bankruptcy here you know.

care to eleborate?

Not sure what you mean.....
But :
In May 2008 it was MYR 3.16 = USD1.00.
I know that for a fact as I made a lot of money out of it.

So - the point is?

I think speed7791 point is more on unemployment effect caused by GM rather than the concept of Chp 11 bankruptcy per se.
GM closing of its distributorships and shutting down orders will definitely have domino effects.

Yes, the market will expect a huge number of unemployment in US (and elsewhere too because GM imports a lot parts from elsewhere) but whether it is larger or smaller than expected remains to be seen. I expect US unemployment to go double digit soon and if the claims are much much larger, 2%-3% higher.., signs are indicating not getting 'less worse', we'll see further pullbacks.

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Added on June 1, 2009, 1:22 amYes..they are being manipulated.. The Ringgit is not freely floated yet.. still being actively "managed".
Our govt where can give up controlled so easily?

They're very paranoid of being attacked by another George Soros wannabe.





This post has been edited by danmooncake: Jun 1 2009, 01:22 AM

It's easy to google the relevant facts about US bankruptcy laws. So you may care to do that if you're particularly interested. Chrylser's recent bankruptcy filing is a good place to start if you're interested in the US auto industry. It's currently being seen in the US as rather a successful development for that company.

But Chapter 11 bankruptcy mainly protects a company from its creditors under the supervision of a bankruptcy judge and enables the company to rapidly re-structure assets and liabilities (debt). The intention is to allow the company to survive and keep trading.

it does not mean the factories being closed down and tens of thousands of workers being laid off at the stroke of midnight on June 1st.

no la the day I bought that afternoon it drop for awhile to 1.300 but I din pick up, reserving cash for the 15-20% drop, this is loooooong term planning.

Yea I'm also tempted to go into TM so cheap but remiser advised not to do so instead ask me go for O&G

Yes omeres that was exactly my ques, I think I picked up tgoffs slightly at the higher side

was told the same also.

Yes I was told the exact same thing, remiser say lay off for awhile, market is getting very very volatile, then he says if really hand itchy then he told me pick up tgoffs he say not much risk but aim long term.

Morning guys... me just woke up....

Today holiday in Sarawak!

Wat to goreng today.....

Wow... KNM already +2.5 sen pre-open!

today & tomorrow is Hari Gawai, kan. PH on monday, syiok!

Yup! I thought today going to be a bloodbath so that I can start to accumulate again... looks like it's not...

Wonder whether it is a TARP....