10yr-4.17% now! MYR 3.92, if you expect MYR4, 4.25% not far loh! but MYR actually diverge from MGS since MAr2015. Now coming back to normal loh!
Why ppl foreign sell off? yeah, foreign countries govt buy a lot until 48% MGS is foreign holders! now! will najis answering stupidly,foreign govt also wanna sell loh! expect worst to be next 2 months loh! when govt sell, they sell in BILLIONS loh!
Fundamentally I believe GOMEN goyang kaki and no plan to intervene at this point because the market is too huge and no worth it to pump in hot fund and let people cash out.......
Regarding the FF participation GOMEN still comfortable if it reduce to 39%. It is a real market driven so no point to "SAVE" it deliberately. Malaysia and Indonesia encounter the same FF disposal disaster, however, on the other way start from Mid October it will be most attractive BUY for hot fund.......... For me, good thing to learn.
GOMEN should not intervene because Indonesia the new BRICSI-to-be share the same economy turmoil like us so we are not so ALIEN in the eyes of global players.
Bear in mind that, slow down due to Currency is not the end of the story but if continue to dump in money it will kills our RATING, it is more lethal ...........
MYR will hit rm4 soon. bank negara wont defend it much. becoz reserves going down and affect investor mood to invest here. they will let it touch rm4 psychological price and let mkt adjust itself. i believe myr will rebound briefly after touching the psychological price.
this yr maybe still can sustain RM4. Next yr no! why? Read a presentation by a foreign bank analyst during FMOC2015 recently. China weak, indirectly hit us back in MYR
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
duitKWSPkita
26,756 posts
Posted by duitKWSPkita > 2015-08-10 12:41 | Report Abuse
Thanks for Wikiileaks....
Let's take it below 1600 seriously. When and which point can apply The Low Price will be cured by Low Price?
Thanks for anticipation.