Posted by apanama > 2015-09-15 01:06 | Report Abuse

As a person who is keep tracking all Najib Razak announcement in particular related to economy related, I would like to highlight that he is actually mislead the market and conflicting the participants. If I am not mistaken last two months, the initial plan was RM 2 Billion. Then the Abu Dhabi to inject inside 1MDB within 6-months. Suddenly after MYR pressured to MYR 4.30-4.40 Level, NajibRazak as Finance Minister come out with this RM 20 Billion which at RM 4.40, will give us about USD 4.545 Billion. It shows clearly that another strong wave FOREIGN SELLING will emerge as soon as 15 September and continue until post Federal Reserve meeting which will definitely drag FBMKLCI to 1,500 level post 16 September. Let's we go back to 1980's environment and history normally will repeat by itself. This weak commodities especially the Crude Palm Oil will take at least 18-24 months together with crude oil. The yesterday low at 1,600 together with last time 1,503 while high yesterday at 1,645 is really an indicator that the FBMKLCI won't be able to break its 1,645 as the GDP of this country at 5.0 to 5.5% will actually give us 1,585 the actual value of FBMKLCI. Thus if you buy at 1,600 level above, we as the retailers will subsidize the Government Fund and Foreign Fund. The foreign fund is actually the most beneficial with this latest Najib announcement. The foreign fund will sell at 1,645-1600 level, so it will drag again FBMKLCI to 1,580 level. Then once MYR pass thru 4.50 and Federal Reserve increase quite substantial interest rates, the market will fall back to 1,500 level. Conclusion from the latest announcement is NajibRazak and government - TO PROTECT THE RICH AND MAKE THE RICH BECOMING RICHER...HEHEHEHEHE...