QUOTE(Showtime747 @ Jan 23 2016, 03:15 PM)
Over the years, MYR to USD dropped from 2.5 to 4.2; to SGD from 1.0 to 3.0; to RMB from 3.0 to 1.5, how far down trend you want?USD/MYR drop, v3
USD/MYR drop, v3
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Jan 24 2016, 11:06 AM
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#21
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All Stars
21,456 posts Joined: Jul 2012 |
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Jan 24 2016, 02:49 PM
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#22
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QUOTE(Showtime747 @ Jan 24 2016, 01:46 PM) You answer my question with a question What is your prediction if you have guts and balls?I just wanted to listen to what you see the RM will be in 1-3 months and 1-3 years after reading your opinion on "the trend". If you don't feel like making a prediction, just say "I don't predict with specific concrete quantum and timeline. Please leave me alone." It's perfectly alright with me. Then I will treat you like unker dreamer who never made concrete prediction with quantum and timeline....until recently, which we found that he was wrong Even unker dreamer has the guts and balls to make a concrete prediction with quantum and timeline. Although he was wrong, but at least he predicted like a man. But we lost dreamer101. I wonder if he is busy or too embarrassed to be wrong ? What a pity if it is the latter |
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Jan 24 2016, 03:36 PM
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#23
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QUOTE(icemanfx @ Jan 24 2016, 11:06 AM) Over the years, MYR to USD dropped from 2.5 to 4.2; to SGD from 1.0 to 3.0; to RMB from 3.0 to 1.5, how far down trend you want? QUOTE(Showtime747 @ Jan 24 2016, 03:10 PM) Reply my question with a question again You only read what you want.I have already said a few times here in this thread. Buy when it drops to ~4.20 for short term (1-3 months). For long term (1-3 years), convert your RM to forex whenever you have the money at the best window. The simple reason being I have no confidence in malaysian economy and the politics See, I have just reiterated my prediction with quantum and timeline. I am not afraid to be wrong. Being wrong is part of life. A successful person makes right decision because he is not afraid to be wrong. On the other hand, a failed person is afraid to be wrong and hence on many occasion makes the wrong decision. So, what is your prediction ? Are you going to answer me with a question again ? |
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Jan 24 2016, 11:58 PM
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#24
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QUOTE(CKKwan @ Jan 24 2016, 03:59 PM) After 50+ years of mismanagement, even if the existing government is removed, it will take a very long time for us to recover. Bank Negara Malaysia (BNM) Governor, Tan Sri Dr Zeti Akhtar Aziz, said Malaysia used to be an export-led economy in the 1990s but it is no longer so.Look at today, what else Malaysia has to earn forex other than O&G? Our heavy industries vision is dead by now. Our plantation (rubber, palm oil) are not competitive. Our SME are all dead in favor of government policies. If you happened to see Malaysian company in overseas expo, you will see how pathetic we are. Service industries can't compete with India / Singapore / HK. Software industries (Cyberjaya) now is Cybargagal. Banking industries can't compete with Singapore. Tourism is not doing as well as Thailand / Singapore. People visit Malaysia just because they visit Thai / Sgp, or transit in KLIA2 because of cheaper flight. Even our future hope (University grads) are all rubbish. But how to keep foreign currency in Malaysia? I have 50K USD last month, but have to exchange 6K asap to get rid of all those old notes. The rest still kept in the bank with no interest. http://www.nst.com.my/news/2016/01/123589/...fforts-economic Implying in the long term, there could only one direction for myr to move. |
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Feb 1 2016, 09:05 PM
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#25
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Malaysian investment funds are selling off their prime property in London in what London's Financial Times noted was a sign of 'growing financial woes' at home.
“It’s no secret that Malaysian funds [...] are having to repatriate money. We’ve definitely seen a trend of them selling,” Richard Divall, head of cross-border capital markets at real estate advisers Colliers, was quoted as saying. “But they got into London very, very early (after the financial crisis) so they are making huge profits.” This was also in line with the Malaysian government’s call for more local investments to spur an economy hit by plunging oil prices. The FT reported that Retirement Fund Incorporated (KWAP) was in the midst of selling its 18-storey City of London office building which it bought in 2013 for 215 million pounds. This is a second sale of a plum London property by KWAP, having raised 210 million pounds through the sale of One Sheldon Square in Paddington, which it co-owned with the EPF, FT reported. EPF is also trying to sell its Fleet Street property purchased in 2011 at 148 million pounds. Last October, Lembaga Tabung Haji sold an office building at Buckingham Palace Road for about 250 million pounds – 22 percent more than what it paid two years earlier. Read more: https://www.malaysiakini.com/news/329002#ixzz3yvALmE1V Believe this could be explain the recent MYR reversal of fortune. |
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Feb 2 2016, 11:18 PM
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#26
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The future for Malaysia "terrifies" him, Nazir Razak wrote in an Instagram post on Saturday. That was a day after the Swiss Attorney General’s office said a probe of debt-ridden government investment fund 1Malaysia Development Bhd. revealed "serious indications" that about $4 billion may have been misappropriated from state companies in the Southeast Asian nation.
http://www.bloomberg.com/news/articles/201...laysia-s-future |
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Feb 4 2016, 10:49 AM
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#27
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Feb 8 2016, 01:12 AM
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#28
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QUOTE(nexona88 @ Feb 5 2016, 10:21 PM) Malaysia’s central bank said on Friday that reserves as of Jan 29 were at US$95.5bil, slightly higher than the US$95.1bil it reported as of Jan 15. The world’s largest currency hoard decreased by $99.5 billion in January to $3.23 trillion, according to a People’s Bank of China statement released on Sunday. The contraction was less than a Bloomberg survey’s median estimate of a $120 billion drop. Bank Negara said reserves were sufficient to finance 8.4 months of retained imports & is 1.1 times the short-term external debt http://www.bloomberg.com/news/articles/201...o-3-23-trillion BNM reserves is insignificant if compare with China's. |
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