QUOTE(gark @ Nov 25 2015, 09:44 AM)
MYR on uptrend now, since 1MDB sold off its EDRA assets.. so less risk of default.
Reasonable expectations by the market.

Yes, it has helped reduced a little the risk of default .....
and yesterday, the reaction was as expected.
But I would stick my neck out and say that it's only a knee jerk reaction only.
Why and how the bonds were sold to the Chinese laugh die many....
many were actually crying....
cos the assets carried a book value of 18 billion....
but were sold (or was it lelong) at only 9++ billion....
buy 18 billion...
sell 10 billion (round up la)...
is that a good way to do business?
leaving all those aside....
the financial markets values to the future....
so in the future....
how will the market be certain that no such deal will continue?
is there any change in management?
if there is none...
are we certain such mega billion dollar fire sale deals won't happen again?

(* mega sales good?

*)
in the long term......
would the ringgit strengthen?