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 USD/MYR drop, v3

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MGM
post Mar 30 2016, 01:14 PM

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QUOTE(kelvinfixx @ Mar 30 2016, 11:06 AM)
MYR is getting stronger, buy into MYR now.
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This could be one of the factor:

KUALA LUMPUR: Foreign money is returning to Malaysia at the fastest pace in Southeast Asia this year with about RM4.4 billion pumped into the nation’s equities, Bloomberg reported today.
This is significant because 2015 saw the biggest outflows of fund from Malaysia since the global financial crisis.

Quoting MIDF Amanah Investment Bank Bhd, which cited stock-exchange data, the Bloomberg report said inflows for March were at the highest since April 2013.
The FTSE Bursa Malaysia KLCI Index, it added, was “headed for its best monthly performance in more than three years as stocks trade near the cheapest relative to global equities in almost a decade”.
Malaysia is leading other SEA nations in terms of money flowing into stock-exchanges, with Indonesia coming next and followed by Thailand.
MGM
post Mar 30 2016, 03:35 PM

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Wa, now 3.9395
MGM
post Mar 30 2016, 03:38 PM

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QUOTE(bbgoat @ Mar 30 2016, 03:37 PM)
Last year Aug I bought TT at 3.96 level at 3 cents premium.  biggrin.gif
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Ya, now at 11-8-15 level. My customers will start asking for lower price. cry.gif rclxms.gif

This post has been edited by MGM: Mar 30 2016, 03:39 PM
MGM
post Mar 30 2016, 03:46 PM

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QUOTE(bbgoat @ Mar 30 2016, 03:42 PM)
Different analyst quoting differently. Some still say by year end 4.2 level. Some quote 3.5, 3.8.  rclxub.gif To me, not sure if should buy now or wait till Aug ?  hmm.gif
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I am no expert but I like to use MYR/THB=10 as a yardstick.
MGM
post Mar 30 2016, 04:13 PM

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QUOTE(@secret@ @ Mar 30 2016, 10:57 AM)
hahaha.I always made a guess between the two, Amanah & Aus Exchange  bruce.gif
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Thats why we use a small letter x for Amanah Saham (ASx) where x is a variable (M,W2020, 1M) and not Australian Securities Exchange(ASX). doh.gif at this thread
https://forum.lowyat.net/topic/3857329 at least most of us do that, except maybe Hansel who used ASX in this:

https://forum.lowyat.net/index.php?showtopi...&#entry79217747
MGM
post Mar 30 2016, 05:36 PM

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I have just done a quick comparison for last 5 years.
Hansel if u compare the performance of the same asset class of Malaysia & Singapore of FD, KLCI-ETF vs STI-ETF, and CPF/EPF, u will find that at the end of the day,even with the gain in SGD, returns is only slightly better or at par.
MGM
post Mar 30 2016, 06:25 PM

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QUOTE(bbgoat @ Mar 30 2016, 06:03 PM)
Haha, why ? You go there often ? Near to Penang. Just a joke. Anyway, almost 10% down for RM vs THB.  biggrin.gif
Ya, I am contemplating as Jan 2016 even bought at RM4.45 level !! So now at the RM3.96 level is so tempting !  thumbup.gif
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Never been to Thailand. As a yardstick becos among ASEAN neighbors they are most similar to us economic status wise. Apart from crisis periods, MYR/THB=10 most of the time just like MYR/TWD~9.5.
MGM
post Mar 30 2016, 07:13 PM

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QUOTE(AVFAN @ Mar 30 2016, 06:43 PM)
last 5 years, possible.

i dunno about klci vs sti.

but last 2 years, my sg reits gave 24% roi, i.e. 12% p.a. incl ex rate gain.

my reits... i doubt anywhere close.
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Congrats, rclxms.gif . But individual REITS of respective countries are hard to compare. Any ETFs for REITS?
MGM
post Mar 30 2016, 07:28 PM

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QUOTE(HarpArtist @ Mar 30 2016, 04:26 PM)
as kelvin said. besides, sg gov has begun selling retail bonds to public, sign of desperation. also sg new biz startups are a record lows. sgx is one of the worst performing mkts. the cooling measures on prop are hitting developers so hard they are chewing on bones. speculators in tht market r crying. overly strong sgd hit tourism badly. but devaluing sgd will cause indo and malaysia depositors to flee as interest rates are so low. low interest rates means there is little room for the central bank to manuver when things go south. sticking with the strong sgd, orchard smaller malls are every bit as empty as our kv new ones. mrt system is hit with incident after incident. need i continue?
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Today news, another two bite the dust:

http://business.asiaone.com/news/rough-pat...es-outlets-here

http://business.asiaone.com/news/al-futtai...re-stores-spore
MGM
post Mar 30 2016, 09:49 PM

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At the current exchange rate Malaysia is a must buy for property assets.
Iskandar region itself would be bring in tens of billion per year from oversea, strengthening MYR?

http://www.chinapress.com.my/20160329/%E8%...8C%A2%E5%AD%98/

This post has been edited by MGM: Mar 31 2016, 08:07 AM


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MGM
post Mar 31 2016, 08:20 AM

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Lots of noises here:

http://www.bloomberg.com/news/articles/201...l-eclipses-1mdb
MGM
post Mar 31 2016, 08:52 AM

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Super bullish or typo:

A technical analyst said that the rally could be sustainable in the near term and expected the ringgit to reverse to its long-term mean trendline with an immediate target of 3.1600 to the US dollar.

from:
http://www.thestar.com.my/business/busines...ive-on-ringgit/
MGM
post Apr 1 2016, 12:25 AM

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Below 3.90

USD-MYR 3.8995 -0.0357 -0.91% 3/25/2016
MGM
post Apr 1 2016, 09:18 PM

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Rates shown in bloomberg normally 2sen below MBB selling rate. Xe.com rates seems to be even lower than bloomberg.
MGM
post Apr 2 2016, 09:00 AM

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QUOTE(bbgoat @ Apr 2 2016, 07:42 AM)
So u can bring all your beautiful gf (that u shown to us) to spend the USD !!  rclxms.gif
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Virtual/fantasized gf lah, not real. Would u put your gf pics online?
MGM
post Apr 2 2016, 09:12 AM

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QUOTE(bbgoat @ Apr 2 2016, 09:10 AM)
laugh.gif u take it too seriously la bro ! Just joke joke and have some fun !  tongue.gif
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Me too, backside itchy. Poke here n there n jelly. tongue.gif

This post has been edited by MGM: Apr 2 2016, 09:12 AM
MGM
post Apr 2 2016, 10:52 AM

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QUOTE(HarpArtist @ Apr 2 2016, 10:45 AM)
he still ok la...coz last year he probably made th same amount also shorting rm...so now donate back lor brows.gif
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I have seen rich people gone bankrupt playing this type of "GAME", resulting lifestyle downgraded for the whole family. I believe it is for the top 5% players.
MGM
post Apr 3 2016, 11:15 AM

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QUOTE(nexona88 @ Apr 2 2016, 06:22 PM)
Ringgit likely to hit 3.70 next week - Affin Hwang IB
http://www.nst.com.my/news/2016/04/136750/...t-370-next-week
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USD/MYR touched 3.80 last week?:

For the week just ended, the ringgit trended higher during the whole week, breaching its highest level of 3.80 versus the US dollar, as buying demand continued. It ended at 3.8880/8950 on Friday against the greenback from 4.0330/0410 the previous week.

Read More : http://www.nst.com.my/news/2016/04/136750/...t-370-next-week
MGM
post Apr 4 2016, 11:19 AM

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U mean the guy who swindle our money.
MGM
post Apr 4 2016, 02:11 PM

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No I meant the Cold Man Sex.

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