Posted by kk7198 > 2023-06-19 13:15 | Report Abuse

No worries,chartist bojed.

Posted by kk7198 > 2023-06-19 13:19 | Report Abuse

Ah....miracle. That was a cup winner horse named Elcarim...spell backward. A fanstactic long distance runner,so did the mighty Alan's trained, St Gallen with Yerry Lucas abroad,won the Singapore Gold Cup hands down..

Posted by kk7198 > 2023-06-19 13:19 | Report Abuse

Terry Lucas

Posted by kk7198 > 2023-06-19 13:41 | Report Abuse

https://www.klsescreener.com/v2/news/view/1166197

Posted by kk7198 > 2023-06-19 13:43 | Report Abuse

Mana joyvest, sudah sailang ?

Posted by Income > 2023-06-19 14:19 | Report Abuse

Reforms to minimise ringgit weakness

By DALJIT DHESI, Monday, 19 Jun 2023

PETALING JAYA: Malayan Banking Bhd head of forex research Saktiandi Supaat told StarBiz structural reforms could be focused on improving economic growth, which in turn would be supportive of the ringgit in the long run.

What is key is to ensure fiscal sustainability and reforms should be focused on improving the fiscal position in the medium term and enhance economic fundamentals.

A good macro policy mix would ensure the resilience of the economy during business cycles, he added.

The government is trying to pursue a number of initiatives that are aimed at enhancing digitalisation, growth potential, fiscal resilience and creating a future-ready workforce.

“Some of these initiatives look promising such as the Industry4WRD programme to drive digital transformation of manufacturing and the related services sectors.

“If such initiatives are successful, it can bode well for both the country’s economy and the ringgit’s position.”

In response to the Fourth Industrial Revolution, the Industry4WRD: National Policy on Industry 4.0 was launched on Oct 31, 2018 to drive digital transformation of the manufacturing and related services sectors in the country.

Saktiandi expects the ringgit to trade between 4.25 and 4.40 to the dollar by year-end.

Bank Muamalat (M) Bhd chief economist and social finance head Mohd Afzanizam Abdul Rashid agreed that economic reforms are needed to spur the ringgit’s strength.

While Bank Negara would intermittently intervene in the forex market to stabilise foreign currencies and not to dictate any specific level, he said to expect the central bank to do the “heavy lifting” for the ringgit to appreciate is far-fetched.

“The best way to address the ringgit weakness is to ensure economic reforms will proceed as planned. When the market starts to see the traction of the economic reforms, I think foreigners would change their call on the ringgit.

“The enactment of the Fiscal Responsibility Act (FRA) would be the immediate priority.

“I suppose the FRA will set the tone on how the government would be able to reduce its fiscal gap and debt burden, as well as improving the transparency and governance of fiscal policy.”

He said fiscal consolidation via tax policy and streamlining the subsidies programme will help improve the credibility of the government’s commitment to keep the budget deficits lowered.

“At the end of the day, it’s about how the government would implement the reform idea and how it can benefit the rakyat.

“So it’s about the communication strategy and credibility of the reform plan,” Afzanizam, who is projecting the ringgit to hover at RM4.30 against the greenback by year-end, said.

Prime Minister Datuk Seri Anwar Ibrahim, when tabling the revised Budget 2023, reaffirmed that the government would be presenting the FRA this year to ensure greater transparency and accountable management of the economy.

Posted by Income > 2023-06-19 14:22 | Report Abuse

Economist Lee Heng Guie, who is the Socio-Economic Research Centre’s executive director, said Malaysia must continue to enhance economic and financial resilience through sound macroeconomic policies.

These include having a sustainable economic growth, price stability, healthy balance of payment, sustainable fiscal and debt management.

Besides that, a strong and well capitalised banking system as well as maintaining a deep and liquid capital market and the accumulation of strong foreign reserve war chest against the external shocks are needed.

Malaysia had experienced various episodes of sizeable capital reversals, which impacted foreign reserves and the ringgit, he noted.

Lee said the government had incurred the 26th consecutive year of budget deficit since 1998 on a narrow revenue base relative to high commitment of operating expenditure (largely unsustainable subsidies).

On the outlook of the ringgit, Saktiandi said he continues to hold a positive view of the local currency in the medium term.

He said the ringgit has recently been facing a period of weakness as short-term sentiment had been affected by less favourable external developments that include broad greenback’s strength, disappointment in China’s recovery and a decline in crude oil prices.

However, he believes this weakness is likely to be temporary as China could potentially do more in terms of stimulus to support its economy and strengthen the recovery.

A more discernible China recovery could more likely come towards the end of this year, he said.

That should also give a boost to crude oil prices, which have recently been weighed down by China demand concerns, he added.

“The dollar, meanwhile, while expected to stay supported, is likely to end the year lower and should provide a relief for the ringgit.

“We therefore continue to hold a positive view of the ringgit in the medium term.

“As a note, the BIS real effective exchange rates (REER) shows the local currency as among the most undervalued currencies regionally, which could imply substantial appreciation for the currency once sentiments take a turn,” Saktiandi added.

BIS-calculated REERs are adjusted by relative consumer prices. An increase in the index indicates an appreciation of the currency.

Posted by Income > 2023-06-19 14:22 | Report Abuse

Meanwhile, OCBC Bank forex strategist Christopher Wong said the ringgit’s near-term outlook may be slightly lacklustre largely due to external drivers including the yuan depreciation, resurgence in dollar strength, much higher US Treasury (UST) yields and broad softness in oil prices.

However, he said domestic fundamentals remain largely sound apart from the modest shrinking of current account surplus and lesser impetus for Bank Negara to tighten monetary policy after headline consumer price index eased.

“But beyond the near term, we still look for the ringgit to recover some lost grounds on the back of expectations of softer dollar and UST yields as the Federal Reserve nears the end of its tightening cycle.”

Additionally, Wong said China’s rebound should return in the second half and will likely benefit the ringgit’s inbound tourism and trade.

“Besides that, the central bank is still in a policy normalisation cycle and could possibly tighten at a later time if inflationary pressures prove sustained.

“In consideration of the above factors, we continue to maintain a constructive outlook on the local currency,” he said.

The bank would also be looking out for the Prime Minister’s Madani economic narrative in August to see if there is any specific mention on rationalising subsidies and plans aimed at improving budget balances, Wong noted.

He said some of these may help to shore up foreign investor confidence and eventually increase demand for the ringgit in the medium term.

Wong forecasts the ringgit to hover at 4.50 to the dollar in the fourth quarter of the year.

Posted by bojed > 2023-06-19 14:36 | Report Abuse

Come on... Just half a sen more only

Posted by Income > 2023-06-19 15:14 | Report Abuse

Wow PMX makes Bv back to profitability…

Posted by cicakman > 2023-06-19 15:38 | Report Abuse

No eggs :)

Posted by KaiserKazer > 2023-06-19 16:23 | Report Abuse

Wah run lor

Posted by kk7198 > 2023-06-19 16:55 | Report Abuse

Chartist bojed, closing 0.245....no good? Sudah downtrend ya

Posted by cicakman > 2023-06-19 17:20 | Report Abuse

Still ok steady 0.245 cts

Posted by kk7198 > 2023-06-19 17:33 | Report Abuse

Yeah...still steady,last defence line is 0.23,according to chartist bojed.

Posted by Camel0602 > 2023-06-19 19:49 | Report Abuse

long way to go, no short term profit.

Posted by bojed > 2023-06-19 20:00 | Report Abuse

Today Bahvest closed at 0.245, ngam-ngam on ema7. It rejected ema50.

0.23 is its support. If this support is breached, it suggests that Bahvest's trend might be on its way downward as the previous support at 0.25 has already been breached today.

Hopefully Bahvest can stand firm tomorrow. All the best!

Posted by moonslayer274 > 2023-06-19 21:34 | Report Abuse

@ kk7198: Yeah...still steady,last defence line is 0.23,according to chartist bojed.
Jockey Moonslayer 274, today indisposed, spending hours on the road, under the hot sweltering heat. Turf conditions were declared Hard.
I had a sneak preview of barrier 24.5 got attracted to whats on offer and decided to build inventory. I pushed for a place in barrier 24, but the pile up by the market maker made it prohibitive to try acquiring anything from there.
Perhaps this fact might allay or mitigate the associated risk of today's performance: today was T3 for the magnificent 2 furlong run by Bahvest during trackwork, clocking under 26.5 with about 40 million forward bets being placed on that particular day. I concur with Cicakman that hitting 24.5 is still commendable.
Bojed has contributed to configuring the pathway or performance dynamics of Bahvest. It would be good if he could comment and provide his views on the fact that the trajectory for the last 30 days, were defined by a new jockey (market maker) under trainer Kreatam Iceman. Old jockey (market maker) for Dracula irrelevant during the chaotic episode. I view the slight decline with significant receding volume as positive indication that the market maker is still on the job.

Posted by kk7198 > 2023-06-19 22:04 | Report Abuse

Well said, moonslayer. You are becoming like the best commentator Chris Lee. Perhaps Bahvest is more suited in the yielding track. He couldn't stand the track condition of firm and hard. Mind you,jockey moonslayer must reduces weight to less than 55 kgs so as not to burden Bahvest. Clyde weights only 50 kgs.

Posted by moonslayer274 > 2023-06-19 22:04 | Report Abuse

@Income: Reforms to minimise ringgit weakness......

Apa ini income.... announce reduction stamp duty, all players in the market can only shake their head in disappointment... Patutnya announce market trading has been made more attractive ..increase T2 to T10... or something like this baru Cun brother! reduce borrowing rates for share speculation, PN17 more liberal get out of jail rules, reduce capped values of shares, margin calls only limited to 30% of holding inventory, at least Dracula Buncit can still have some Bahvest shares....😁😁😁

Posted by moonslayer274 > 2023-06-19 22:58 | Report Abuse

@KK7198 where weight is concerned, the great Siapa Rajah III, ridden by John Murray, in V shaped striped yellow black silk, over the grueling 2400 meters under the hefty penalized weight of 62 kg was remarkable. That was awesome as hell!
Of Elcarim, I cant distinguish, always mixing up with Alysheba. But St Galen: oh yes, the Ivan Allen /Charles Read trained Equus stable dark green colors worn by Terry Lucas and later Luke Danis and i think on an occasion by KLOo. A very strong stayer but can sweep off his rivals under hands and heels by LN Danis in the Penang sprint trophy over 1400m. Prior to St Galen there was his half brother, the great Andermatt also owned by Equus. Both were foaled by the dame Aminonia. Thus both were similar in performance.

Posted by Income > 2023-06-20 07:29 | Report Abuse

Menu Rahmah Bv hari ini. Yahoo

Posted by kk7198 > 2023-06-20 08:09 | Report Abuse

@Income, today can have menu tai chow BV.

Posted by Income > 2023-06-20 08:16 | Report Abuse

Welder, see's a wanted ad in the paper, welder needed, 25$-55$ an hour.
Welder comes in for the interview, same scenario as the video.
The welder is left to perform his welds, supervisor returns to inspect them.
The welder has completed two welds side by side.
One weld looks like it was done by a high school kid who just smoked a joint, the other was the finest weld he had ever seen.
The supervisor asks him, what's going on and why the quality of the welds are so drastically different.
Welder: The ad stated that the position paid
25$-55$ an hour
Supervisor: Yeah..
Welder: Well, that there weld on the left is a 25$ an hour weld, an the one on the right is a 55$ an hour weld, which one would you like sir?

Posted by kk7198 > 2023-06-20 08:27 | Report Abuse

moonslayer274, no joke to carry 62 kgs over 2,400m. Let's assumed Murray was 53 kgs, so the saddle would weight 9 kgs.Siapa Rajah did not make the placing in the US invitation cup. This goes to show the powerful USA race horses. Many were world champions like the great Secretariat, the mighty " Man of Mar", Seatle Slew( during my time when he won the Triple Crown ), Affirmed etc and 2022 World Champion Flightline. Hope the current leading world ranking, Equinox of Japan can meet it as 2023 World Champion.The best in the world would have been Australia " Black Cavier". She was unbeatan in all her 25 races in Australia frim her careers in 2009 to 2013.. She was three times Australia Horse of the Year n won numerous Cups there Even the great Secretariat was beaten 6 times during his careers of 25 races.Of course,he kept on improving and smashed the 3 records in the triple crown with the times that are hard to break. Bahvest, like Secretariat will keep going up to achieve our dream of a blue chip in our stable. The going today is Yielding and may turn to SOFT which is favourable to Bahvest.

Posted by kk7198 > 2023-06-20 08:33 | Report Abuse

Btw, "Keep Going" was quite a good horse in Auric stable. Those days, there were many strong owners like Agasam, Golden Arrow, Inderaputra, Goodman,Olympia,Chen's,Amar Wee Hood Teck ,Chong Kok Lim,etc

Posted by cicakman > 2023-06-20 08:51 | Report Abuse

What help AI during his visit.
He think investors doing stamp business :) ??

Posted by Catzai124 > 2023-06-20 09:08 | Report Abuse

Need some time for accumulating

Posted by moonslayer274 > 2023-06-20 09:18 | Report Abuse

Cicakman, we can sit all night long deliberating on the market disparity against the economy, till the cows come home, but yet the fact remains, no one man is bigger than the market, No point getting so worked up about the pathetic conditions of the market, nanti boleh dapat hypertension, not worth it. Lagi pun, esok masih ada, lusa and the future days ahead. Kita tunggu dan lihat.
Ok, got to leave, nak pergi KK, Kuala Kangsar bah, bukan Kota Kinabalu. Kalau itu KK7198, dia Bayern Munich punya defence against any mis- dealings invoving Bahvest. Ini minggu sibuk sikit.

Posted by cicakman > 2023-06-20 09:19 | Report Abuse

Need to have new interested investors or good news.

Posted by joyvest > 2023-06-20 09:28 | Report Abuse

This counter is believed to be in hibernation for a long long time. To my observation , no No supports from other investors except for the existing investors Innosabah who has been trying hard to push up but of no avail.....

Posted by kk7198 > 2023-06-20 09:35 | Report Abuse

moonslayer274, Kuala Kangsar, the hometown of jockey R. Rajoo who was shot and killed in Penang in 1991. A nice, friendly and humble man. That's y Subian jumped fown when he could not cintain ARIPIN. He would meet the same fate as Rajoo had his disobeyed the underworlds. Rajoo was a man of intergrity and had my salute. Sad to see him murdered and also jickey CH Ooi in Ipoh's roundabout. They forced his car to smash down in the roundabout.

Posted by kk7198 > 2023-06-20 09:53 | Report Abuse

Sorry, typo...jumped down ....could not contain

Posted by cicakman > 2023-06-20 11:07 | Report Abuse

Got positive indicators :)

Posted by cicakman > 2023-06-20 11:12 | Report Abuse

Kayuh jangan tak kayuh. :)

Posted by Catzai124 > 2023-06-20 11:14 | Report Abuse

Someone pushing so fast

Posted by bojed > 2023-06-20 11:15 | Report Abuse

GO GO GO GO!!!

Posted by cicakman > 2023-06-20 11:15 | Report Abuse

Ayokkkkk .....kayuhhhhh...

Posted by cicakman > 2023-06-20 11:18 | Report Abuse

Got new interest :)

Posted by Catzai124 > 2023-06-20 11:18 | Report Abuse

This whale eat all the share with one click

Posted by CKMNOP01 > 2023-06-20 11:19 | Report Abuse

@joyvest, This counter is believed to be in hibernation for a long long time.

When she opens her mouth it's time to buy big.

Posted by cicakman > 2023-06-20 11:20 | Report Abuse

Up up and the wayyyyyy :) :)

Posted by cicakman > 2023-06-20 11:22 | Report Abuse

Hurdle is 26.5 cfs..yipeeee.

Posted by cicakman > 2023-06-20 11:24 | Report Abuse

No blok at 26.5 & 27 cts...
Yahooooooooooooooo.

Posted by fl888 > 2023-06-20 11:25 | Report Abuse

finish 26....anytime..

Posted by Catzai124 > 2023-06-20 11:27 | Report Abuse

If today close at 0.275 then will see 0.3 by this week

Posted by cicakman > 2023-06-20 11:28 | Report Abuse

28.5 bahhhh.

Posted by cicakman > 2023-06-20 11:30 | Report Abuse

Normally play 10% only :)
Got to tell the truth.

Posted by cicakman > 2023-06-20 11:38 | Report Abuse

Joyvest is ok have the right to remain silent or comments.

We have Joyeast bahh :)

Posted by cicakman > 2023-06-20 11:51 | Report Abuse

I think today close 0.27 cts.