InvestIdeas

Positive turn for the ringgit?

The inflow drove 10-year MGS yield down to 3.9%, from the peak of 4.4% in August last year, implying a lower risk-free rate

There are now more foreign governments and central banks holding Malaysian government bonds, according to Bank Negara Malaysia (BNM) on Wednesday. There is now 29% held by these two groups and 13% by pension funds.

Source: The Star

http://www.thestar.com.my/news/nation/2 ... ugur-well/

Malaysia Ringgit boosted by FI

Source: Money Control

http://www.moneycontrol.com/news/rupee/ ... ef_article

Nomura ‘broadly positive’ on ringgit

BY DANIEL KHOO

“We believe that upcoming inflows (expected in April) related to state oil company dividend payments to the Government and a possible increase in investor allocations into Malaysia could prompt a continuation of the ringgit’s outperformance in the near term”

“Another reason for our positive ringgit view stems from the changing structure of foreign bond ownership increasingly towards more long-term investors such as central banks/sovereign wealth funds and pension funds”

Source: The Star

http://www.thestar.com.my/business/busi ... n-ringgit/

China starts buying Malaysian bonds

BY HO WAH FOON

China’s government has started buying more Malaysian government securities (MGS) and this inflow of new foreign money could rise to 50 billion yuan (RM30bil) in total, according to International Trade and Industry Minister II Datuk Seri Ong Ka Chuan.

Other factors that had contributed to the strength of the ringgit in recent weeks included the recovery of crude oil prices, softer US dollar and the successful debt rationalisation of 1MDB, he added

According to Bank Negara’s website, the value of outstanding MGS stood at RM352.06bil as at April 5, 2016.

Malaysia’s debt markets saw inflows of RM11.5bil, versus RM1.4bil of outflows in February. The March foreign inflow was the largest monthly inflow since May 2014

The inflows pushed foreign holdings of MGS to a historical high of RM171.5bil, the Japanese research house said. As a result, foreign ownership in outstanding MGS has risen to 48.7%

Source: The Star

http://www.thestar.com.my/business/busi ... ian-bonds/

Maybank Kim Eng: Ringgit may hit 3.5 in second half of 2016

BY YVONNE TAN

Source: The Star

http://www.thestar.com.my/business/busi ... f-of-2016/

Mobius: Ringgit to gain strength

Seasoned fund manager Mark Mobius expressed optimism that the ringgit will strengthen and said issues surrounding 1Malaysia Development Bhd (1MDB) will not have a long-term impact on Malaysia.

“The ringgit is so undervalued now... a lot of companies here are doing well, so funds will come back,” he said.

Source: StarBiz

Ringgit to improve, currency undervalued, stocks cheap

BY CECILIA KOK

According to Mobius, the ringgit, which he estimated to be undervalued by around 24% against the US dollar, was expected to strengthen over time.

Source: The Star

http://www.thestar.com.my/business/busi ... o-improve/

by behappyalways:-

No Break for Worst Asian Currency as Clouds Gather Over Malaysia

Source: Bloomberg

http://www.bloomberg.com/news/articles/ ... r-malaysia

Ringgit decouples from price of crude oil

BY IZWAN IDRIS

Over the past one month, the ringgit has fallen 1.6% against the US dollar, while the price of oil has risen 9.3% over the same period.

Source: The Star

http://www.thestar.com.my/business/busi ... crude-oil/

Why Malaysian Ringgit Will Beat Singapore Dollar

By Shuli Ren

After much up and down this year, the Malaysian ringgit is little changed against the Singapore dollar as we head into the year-end.

But things may change, and Singaporean vacationers and shoppers may feel the pinch when they visit Malaysia.

Credit Suisse is bullish on the ringgit and bearish on the Singapore dollar.

Source: Barron's Asia

http://blogs.barrons.com/asiastocks/201 ... re-dollar/