Fri, Sep 22, 2017
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. Asia - Hedge funds used to love shorting China. Now, not so much, Fledgling China FoFs require careful use: NCSSF, Amac, Japanese banks turn to PE, hedge funds for returns[more]

    Hedge funds used to love shorting China. Now, not so much From Bloomberg.com: A sharp devaluation. A credit crisis. And an economic hard landing. That's what some of the biggest names in the hedge fund industry were predicting for China after the nation's stocks and currency tumbled in 2

  2. Launches - Orchard launches new credit platform, ETN based on hedge fund to launch on the LSE[more]

    Orchard launches new credit platform Orchard Platform has rolled out Deals as a part of its new platform launch. With the addition of Deals to their suite of technology solutions for loan originators and institutional investors, Orchard Platform takes the next step in their evolution. De

  3. Neuberger Berman closes $1.1bn Credit Opportunities Fund[more]

    Neuberger Berman, a private, independent, employee-owned investment manager, announced that NB Private Equity Credit Opportunities Fund LP closed on $1.1 billion of limited partner commitments. The Fund seeks to invest in the secured and unsecured debt of private equity-backed companies, primarily i

  4. Capital Dynamics launches mid-market private credit business[more]

    Capital Dynamics, a global private asset manager, has launched a dedicated Private Credit Asset Management business. Experienced industry executives Jens Ernberg and Thomas Hall have joined Capital Dynamics to co-lead the company's new private credit initiative. They are based in Capital Dynamics' N

  5. ...And Finally - FAN-antic[more]

    From Newsoftheweird.com: Jeffrey Riegel, 56, of Port Republic, New Jersey, left 'em laughing with his obituary's parting shot at the Philadelphia Eagles. In it, Riegel asked that eight Eagles players act as pallbearers, "so the Eagles can let me down one last time." Riegel owned season tickets for 3