Will in break 0.60 tomorrow?

Psiptek ready to take off. Ready for boarding. Don't be late.

Chinese yuan end lower is favorable for China during trade war with US. Impose tariff and cheaper with lower exchange rate.

Chinese yuan end lower is favorable for China during trade war with US. Impose tariff and cheaper with lower exchange rate.

BEIJING, July 24 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened 298 basis points to 6.7891 against the U.S. dollar Tuesday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

Post removed.Why?

Post removed.Why?

By Azzman Abdul Jamal - July 15, 2018 @ 4:31pm
KUALA LUMPUR: The ringgit is expected to strengthen between RM3.20 and RM2.50 against the US dollar over the next two to five years, supported by trade surplus and government efforts to ensure steady economic growth.

Affin Hwang Asset Management Bhd (Affin Hwang AM) managing director Teng Chee Wai said currently, the ringgit is among the currencies that are performing well against regional currencies as Malaysia still has a huge trade surplus.

By Azzman Abdul Jamal - July 15, 2018 @ 4:31pm
KUALA LUMPUR: The ringgit is expected to strengthen between RM3.20 and RM2.50 against the US dollar over the next two to five years, supported by trade surplus and government efforts to ensure steady economic growth.

Affin Hwang Asset Management Bhd (Affin Hwang AM) managing director Teng Chee Wai said currently, the ringgit is among the currencies that are performing well against regional currencies as Malaysia still has a huge trade surplus.


He said the trade surplus reflected the country's more diversified economy.

"Looking at the trade surplus and the government's ongoing efforts, it is expected to generate growth in the future.

"This will contribute to the strengthening of the ringgit. The ringgit is expected to strengthen to RM3.20 over the next three to five years," he said at the Affin Hwang AM Investment 2018 in Kuala Lumpur on Saturday.

Also present, Deputy Minister of International Trade and Industry Dr Ong Kian Ming.

Teng said the expectation is based on the ringgit's movement after the 13th General Election (GE13) in 2013, when the ringgit strengthened to an average of RM3.10 to RM3.20.

"During the GE13, the ringgit hovered at RM3.10 to RM3.20 against the US dollar, but it declined when it hit the global oil crisis.

"The situation worsened after the emergence of th scandal involving 1Malaysia Development Bhd (1MDB) in 2015 and some other issues, but investors confidence on Malaysia are improving," he said.

Commenting further, Teng said to ensure the ringgit strengthens in the future, the government should prioritise foreign direct investment (FDI).

"The government should prioritise FDI and not focus too much on market feedback.

"If the government continues to reassure foreign investors, the ringgit will receive a positive impact and continue to strengthen," he said.

By Azzman Abdul Jamal - July 15, 2018 @ 4:31pm
KUALA LUMPUR: The ringgit is expected to strengthen between RM3.20 and RM2.50 against the US dollar over the next two to five years, supported by trade surplus and government efforts to ensure steady economic growth.

Affin Hwang Asset Management Bhd (Affin Hwang AM) managing director Teng Chee Wai said currently, the ringgit is among the currencies that are performing well against regional currencies as Malaysia still has a huge trade surplus.


He said the trade surplus reflected the country's more diversified economy.

"Looking at the trade surplus and the government's ongoing efforts, it is expected to generate growth in the future.

"This will contribute to the strengthening of the ringgit. The ringgit is expected to strengthen to RM3.20 over the next three to five years," he said at the Affin Hwang AM Investment 2018 in Kuala Lumpur on Saturday.

Also present, Deputy Minister of International Trade and Industry Dr Ong Kian Ming.

Teng said the expectation is based on the ringgit's movement after the 13th General Election (GE13) in 2013, when the ringgit strengthened to an average of RM3.10 to RM3.20.

"During the GE13, the ringgit hovered at RM3.10 to RM3.20 against the US dollar, but it declined when it hit the global oil crisis.

"The situation worsened after the emergence of th scandal involving 1Malaysia Development Bhd (1MDB) in 2015 and some other issues, but investors confidence on Malaysia are improving," he said.

Commenting further, Teng said to ensure the ringgit strengthens in the future, the government should prioritise foreign direct investment (FDI).

"The government should prioritise FDI and not focus too much on market feedback.

"If the government continues to reassure foreign investors, the ringgit will receive a positive impact and continue to strengthen," he said.

Singapore: MAS steepens the SGD NEER slope – Standard Chartered
By Sandeep Kanihama
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Analysts at Standard Chartered note that the Monetary Authority of Singapore (MAS) decided to steepen the Singapore dollar nominal effective exchange rate (SGD NEER) slope slightly from its previous zero-percent appreciation stance.

Key Quotes

“The centre and width of the policy band was left unchanged. An important takeaway was the mention of the slope being increased slightly. We estimate the slope is now +50bps per annum.”

“With the latest MAS move and strong Q1-2018 GDP growth (for a fourth straight quarter), we see scope for the MAS to increase the slope by 50bps in October.”

“After the removal of its previous guidance of maintaining a neutral policy stance for an extended period, it is harder to determine forward guidance in the monetary policy statements. We highlight a few key comments, however. First, the MAS said that it expects both headline and core inflation within the upper half of the forecast ranges of 0-1% and 1-2%, respectively – this marks the first change to its current projections. The MAS also noted that core inflation is likely to rise gradually in 2018 and 2019.”

“Second, the MAS said that domestic sources of inflation may increase, a possible acknowledgement of the pick-up in wages. Third, it noted the global cyclical upturn may be maturing. In this situation, the MAS may want a greater monetary policy buffer ahead of the next downturn, which means the monetary policy normalisation cycle may be short. Fourth, there was a nuanced mention that the latest measured policy adjustment takes into account ongoing trade tensions, which may allude to the probability of further moves once the trade situation clears. Overall, we view these reflections as supportive of another slight move by the MAS.”

Singapore: MAS steepens the SGD NEER slope – Standard Chartered
By Sandeep Kanihama
Share on Twitter Share on Facebook Share on Linkedin
Analysts at Standard Chartered note that the Monetary Authority of Singapore (MAS) decided to steepen the Singapore dollar nominal effective exchange rate (SGD NEER) slope slightly from its previous zero-percent appreciation stance.

Key Quotes

“The centre and width of the policy band was left unchanged. An important takeaway was the mention of the slope being increased slightly. We estimate the slope is now +50bps per annum.”

“With the latest MAS move and strong Q1-2018 GDP growth (for a fourth straight quarter), we see scope for the MAS to increase the slope by 50bps in October.”

“After the removal of its previous guidance of maintaining a neutral policy stance for an extended period, it is harder to determine forward guidance in the monetary policy statements. We highlight a few key comments, however. First, the MAS said that it expects both headline and core inflation within the upper half of the forecast ranges of 0-1% and 1-2%, respectively – this marks the first change to its current projections. The MAS also noted that core inflation is likely to rise gradually in 2018 and 2019.”

“Second, the MAS said that domestic sources of inflation may increase, a possible acknowledgement of the pick-up in wages. Third, it noted the global cyclical upturn may be maturing. In this situation, the MAS may want a greater monetary policy buffer ahead of the next downturn, which means the monetary policy normalisation cycle may be short. Fourth, there was a nuanced mention that the latest measured policy adjustment takes into account ongoing trade tensions, which may allude to the probability of further moves once the trade situation clears. Overall, we view these reflections as supportive of another slight move by the MAS.”

Even have nta worth 2.20 and people still sell it below nta value

If it drop break 2.20 and below, it may continue drop even lower. NTA is 2.20.

Trade war just like volcano. When it erupted, investors run until their tail stood up.

Dr M: Govt looking to replace ringgit notes with new ones
CORPORATE NEWS
Wednesday, 27 Jun 2018

by daniel khoo


“If you were to replace, you need to print huge amounts of paper money and that is not a decision that one makes lightly. “You have to study the effects on the economy,” Mahathir added
“If you were to replace, you need to print huge amounts of paper money and that is not a decision that one makes lightly. “You have to study the effects on the economy,” Mahathir added



PETALING JAYA: The government is looking to replace the current currency notes with new ones to combat corruption.

Prime Minister Tun Dr Mahathir Mohamad said in an interview with Channel NewsAsia that there could be a change in the currency or go cashless to combat corruption.



“It’s not an easy thing because when you want to replace the currency, you must know how much currency is in circulation... because we have to replace what is in circulation and that is a very big amount,” he said.

“If you were to replace, you need to print huge amounts of paper money and that is not a decision that one makes lightly.

Dr M: Govt looking to replace ringgit notes with new ones
CORPORATE NEWS
Wednesday, 27 Jun 2018
By Daniel Khoo



“If you were to replace, you need to print huge amounts of paper money and that is not a decision that one makes lightly. “You have to study the effects on the economy,” Mahathir added
“If you were to replace, you need to print huge amounts of paper money and that is not a decision that one makes lightly. “You have to study the effects on the economy,” Mahathir added



PETALING JAYA: The government is looking to replace the current currency notes with new ones to combat corruption.

Prime Minister Tun Dr Mahathir Mohamad said in an interview with Channel NewsAsia that there could be a change in the currency or go cashless to combat corruption.




“It’s not an easy thing because when you want to replace the currency, you must know how much currency is in circulation... because we have to replace what is in circulation and that is a very big amount,” he said.

“If you were to replace, you need to print huge amounts of paper money and that is not a decision that one makes lightly.

Cautious

PETALING JAYA: Parti Pribumi Bersatu Malaysia (PPBM) sedang mempertimbangkan untuk melebarkan pengaruh parti itu ke Sarawak.

Pengerusinya, Tun Dr Mahathir Mohamad berkata ia seiring dengan permintaan rakyat Sarawak dan sebagai sebahagian usaha PPBM untuk menambah keahliannya.

“Kita berpendapat bahawa kita mungkin akan ke Sarawak tetapi ia belum diputuskan oleh kerana parti-parti di bawah Pakatan Harapan yang lain sudah ada di Sarawak dan di situ PPBM tiada.

“Kita tidak akan ke Sabah kerana kita anggap Warisan tu sebagai parti sahabat. Jadi tidak perlu kita ke Sabah,” katanya dalam sidang media selepas mempengerusikan Mesyuarat Majlis Tertinggi PPBM pada Isnin.

Ringgit value slip to 4.02 against USD.

Ringgit depreciate to 4.02 against USD.

Name of Principal Officer
Date of Transaction

Nature of Dealing

Consideration per share (RM)

No. of securities acquired

% of the securities acquired

Dato Isaac Lugun

20.06.2018

Acquisition in open market

2.376

http://cmsb.irplc.com/new-announcement.htm?NewsID=201806215000002&Symbol=2852

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : DEALINGS OUTSIDE CLOSED PERIOD
CAHYA MATA SARAWAK BERHAD

Type Announcement
Subject DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
Description
DEALING BY PRINCIPAL OFFICER
Pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Cahya Mata Sarawak Berhad ("the Company") wishes to announce that the Company has received a notification dated 21 June 2018 from the following principal officer on his dealing in the securities of the Company as set out in Table 1.

Soon will down one. Wait and see.

Knight Frank Malaysia managing director Sarkunan Subramaniam said the zero-rated GST was a smart move that will stimulate the market.

“With the announcement of zero-rated GST, property buyers who intend to purchase commercial properties can now make their decisions as the transaction price will now [from June 1] be cheaper, as they do not need to pay the 6% GST.

“For residential properties, as building and raw materials will not be charged 6% GST, the selling price is expected to reduce,” he said.

Good news for consumption sector like lonbisc. With the abolishment of gst, consumption sector will be boost like injecting a booster to the economy. Consumption increase, demand for lonbisc products increase, sales increase, expenses decrease due to gst abolishment, mean net profit increase. Soon, this counter will fly.

After abolishment of gst, consumption sector will boost demand for house, condominium. It will be cheaper for people to own a house. Soon psiptek will skyrocketing.

Now running time as break 2.00 and below

Fly halfway and crash.

CMSB of skyrocketing share price energy is low.

Short term profit-Can

Long term - high risk/gambling your luck

Tomorrow it will up or down??

If 1.50 break tomorrow, than free fall again.

Tomorrow may fall again. Ready to sell off.

Now cmsb below 1.80

Almost suspend. Tomorrow will fall further.

Dr m is friends of him. Doesn't mean other PH component parties will tolerate with him. Beware.

When fall to RM1.20, then it is too late to sell off your shares. After that, sayonara.

CMSB face big drop today.

EPF may cut loss by sell off this share. Remember, EPF is not under BN govt. No one will him now.

Still many uncertainties in CMSB. Rated high risk stock. May fall when the bell is ringing.

Will CMSB able stay alive after today crash in stock market?

CMSB slip below RM1.90. Will it fall again tomorrow?

If reach RM1.20, need to eat sayur masin and ikan masin.

Cmsb falling down already. It is the time buy it? Will it fall again.

Cmsb falling down.

Will it suspend today?

CMSB left RM1.75 only.

If kena, tinggal RM0.30.

Will suspend today.