Lower rm can have advantages too. Declining exchange in asia can attract western monies and who knows they could be rushing in for our local equities.
Having said this, local arena looks bleak with 1mdb and political sh@t !

Not sure about equities but maybe some fixed assets.
But then asset price in Malaysia gone up faster than declining ringgit.
10 yrs ago, I can buy a fairly nice house in Klang Valley for US100K
Now, same house cost US200K.

Inflation in Malaysia --> like rocket ship!

This post has been edited by danmooncake: Mar 8 2015, 10:23 AM

Agree agree. Sensibly and technically i dont hv much hope for anything locally. But being a resident i hope to pray for peaceful living only. Really been worrying for market crash/ continous decline which could lead to social issues.
true too, prices hv been rocketing be it properties or amennities. Feeling the pressure already.

Dan, may i ask you to suggest few healthcare counters in Dows for short term trades ? Thanks in advance.

no specific no. has been mentioned so far. only "undervalued".

well, the strange thing is there is a now lot of contention as to whether msia is still a net exporter or importer of oil. gomen officials hv taken pain to say msia is now a net oil importer but is still a net petroleum exporter when gas is included. banks and intl analysts insist it is net oil exporter. while 30% of gomen revenues comes from oil, there is a huge oil import bill too. so, perhaps it is at a neutral point...?

i think the weak rm is not just about oil anymore. more to do with little fdi, decreasing foreign funds in bursa, illicit outflows, unrelenting habit of borrowing more, confidence, etc. 1 mdb is certainly having an effect - if gomen/fin ministry declares a total bailout (consistent with past records of such bailouts n rakyat forgeting quickly so can do it again), we'll see significant rm movement again.

advantages of weak rm... only for exporters in usd like rubber glove and palm oil cos., their shareholders, directors and employees, maybe tax dept too. disadvantages, no need to list....

weak currency->attract foreign money to local equities...? i think they will come if they can see the currency strengthening and not continuing to depr against their own currency. as it is now, i believe foreign funds are still net sellers every month for the past 1 yr or so. which probably partly explains bursa's sterile behavior lately - 54% bursa is owned by glc's, local funds like epf, local syndicates and punters trading but little foreign participation. and dun forget not only the rm is the worst performing currency in asia in 2014; bursa is also the worst performer among asian bourses in 2014, losing 13%:
http://www.therakyatpost.com/business/2014...ian-currencies/
http://www.bourseinvestment.com/content/wp...utlook-2015.pdf
looking ahead, have things changed or major efforts put in place to reverse the trends? that's the big question, isn't it?!

quite true - house prices doubled in last 10 years. some doubled in last 5 yrs!
food prices (except some veg, i suppose) have also doubled in last 10 yrs.
salaries probably average 30-40%.
the effects are clear!

This post has been edited by AVFAN: Mar 8 2015, 11:50 AM

looks like a very uncertain, maybe volatile session tonite.

aapl launches apple watch-spring forward

if well received, price rise, nasdaq rise, all is good.

oil is dead... xle/oih will weigh...

give me super light retina macbook air! got or not?

yes! 2 pounds, retina macbook! i think my long wait has arrived. gotta read more on the crazy USB-C first....what the hack is that....

This post has been edited by yok70: Mar 10 2015, 04:33 AM

Very close to 75'ish... almost there.

haiz...

even at 75, very hard to buy with rm.

now 3.69 - that's more expensive than buying at 77@3.50!

will have to sit out for a while...

Why? I thought you have a USD denominated funded account already.

Do they charge you the conversion rate on the spot only when you ready to buy ?

yes, spot rate used each time i buy with rm.

becos i dun wanna keep unused funds in usd for too long - no int earned for fx.

usd only with dividends or proceeds from selling.

still, glad that my holdings were all bought at 3.45-3.60. hence some profit in rm!

gotta wait for RM to rebound....maybe 3.50

think not so easy...

everyday, there is some report saying "msia abc.xyz worst performer..."

today, this one:


fyi, rm touched 3.70/usd this morning.

That's the plan.. spread the bad news to lower the rate. But if you really read the article, you can see the facts are different from the tone of it. Problem is people don't read and fall for obvious hatchet jobs.

Thing is now, how is this government going to respond to this?

This post has been edited by wodenus: Mar 10 2015, 07:13 PM

-Holds zero interests in this lair

This post has been edited by Brother J: Jul 14 2015, 01:33 AM

one more bust session and you're there!

but i can't join you - rm too weak.

come 2000. and come $40.

-Holds zero interests in this lair

This post has been edited by Brother J: Jul 14 2015, 01:33 AM

I'm in!

oil n energy looking pretty weak...

will oil go to 30?
http://www.bloomberg.com/news/articles/201...her-price-crash

some speculation on the subject...


This post has been edited by AVFAN: Mar 13 2015, 02:19 AM

Ssh...don't say that.

Between 47 and 52 is sweet spot for Oil (WTI). Don't go lower.. ok?