Tue, Jan 23, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

The Big Picture: Is Malaysia about to rally?

Monday, April 10, 2017

amb
James Hay
Benedicte Gravrand, Opalesque Geneva:

Several investors and economist have turned bullish on Malaysia of late. For example, brokerage company CLSA's equity strategist Christopher Wood said, according to Barron's, that "the 1MDB scandal and the central bank's decision to disallow foreigners to hedge in the currency futures market have caused great damage to Malaysia's reputation. The ringgit is now 'extraordinarily cheap.' It is now cheaper than even at the worst point of the Asian Financial Crisis, in terms of real effective exchange rate. So for dollar-based foreign investors, buying Malaysian stocks means not only capital gain from stocks, but also favorable movements in the ringgit."

Hong Kong-based Value Partners Group's chairman and co-CIO Datuk Seri Cheah Cheng Hye, also known as the Warren Buffett of Asia, said he was getting more bullish on Malaysia, reported The Star. After the ringgit's three-year decline, the currency has started to show signs of reviving this year, he said. "Until recently, our only investments in Malaysia have primarily been in plantations, because palm oil is an internationally traded commodity quoted in US dollars.

"So, palm oil has in fact benefited and......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Statsure Financial launches captive insurer for hedge funds[more]

    Bailey McCann, Opalesque New York: Hedge fund managers have a new option for protecting their business. Launching this week at the annual MFA Conference, Statsure Financial is offering a captive insurance solution for hedge fund managers. Many large companies have captive insurers - insurance

  2. Legal - Former Och Ziff hedge fund executive indicted for fraud in Africa investment scheme, prosecutor says, Hedge fund blasts defense of Puerto Rico restructuring law[more]

    Former Och Ziff hedge fund executive indicted for fraud in Africa investment scheme, prosecutor says From CNBC.com: A former hedge fund executive faces federal charges for defrauding a UK-based charity over investments in Africa, according to a grand jury indictment made public Wednesday.

  3. U.S. economy, inflation and alternative investments to dominate 2018 markets, says family office Wilmington Trust[more]

    Komfie Manalo, Opalesque Asia: The emergence of a late-cycle economy in the U.S., the mystery of inflation and growth from a domestic and global perspective, and the potential for alternative investments to prosper against a backdrop of rich valuations, low yields, and higher volatility are the t

  4. Performance - Some hedge funds deliver double-digit gains for 2017, Brevan Howard's hedge fund suffers biggest annual loss in 2017, Crispin Odey's flagship hedge fund plummeted about 20% in 2017, Profits fall 90% at ex-Morgan Stanley banker's hedge fund, Fannie-Freddie overhaul might mint hedge fund riches, losses[more]

    Some hedge funds deliver double-digit gains for 2017 From Reuters/Investing.com: A handful of hedge funds ended 2017 with double digit returns, their investors said, at a time the $3 trillion industry took in fresh money and posted its best returns in years, industry data show. Act

  5. Investing - Hedge funds start 2018 with record $19 billion bet on the euro, Hedge fund Kora Management invests in Satin Creditcare[more]

    Hedge funds start 2018 with record $19 billion bet on the euro From Reuters.com: Hedge funds have kicked off 2018 with their biggest bet ever on the euro rising, a clear vote of confidence in the single currency but, with positioning so stretched, one which could backfire in the near ter