As we enter the final Q of 2024, we are seeing a heightened volatility in the stock market due the Fed bumper rate cut and massive rally of the Chinese 🇨🇳 stock market. How should investors manage their investments?
Nixon W. shared his view with The Edge Malaysia Cheryl Poo alongside other industry veterans on the factors to look out for.
The ringgit was once on par with regional peers particularly the currencies of Singapore and Brunei.
But its value markedly dropped over the past few decades, reflecting a complex interplay of economic factors. This included price hikes, wage stagnation and shifts in buying power and productivity.
Tradeview Capital fund manager Jia Man Neoh, CFA said the main reasons for the ringgit’s decline since the removal of the peg to the US dollar in 2005 included a relative decline in national productivity compared to other countries.
Centre for Market Education (CME) chief executive officer Dr. Carmelo Ferlito explained that the decline of the ringgit is a complex issue, noting that a currency’s performance is not always tied to real economic factors or the health of the domestic economy.
According to economist Dr Geoffrey Williams, in the short-term, the value of the ringgit is determined by market developments and news mostly outside of the control of Malaysian policymakers. Feel free to have a read HERE.
Nixon W. shared his views with Bloomberg News yesterday on the major IPO for Bursa Malaysia’s Main Market this year, the listing of 99 Speedmart. It did very well on opening day, going up 15% for the trading day. While it is an important story for the capital markets, on its own, it is a truly inspirational tale for entrepreneurs around the world. Feel free to have a read HERE.
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We would like to take this opportunity to introduce our new business division, Tradeview Research which was granted an Investment Advice License by the Securities Commissions Malaysia in May 2024.
The goal of TradeviewResearch is to empower retail investors by providing access to quality, independent & objective sell-side research report to make informed & unbiased investment decisions.
In our inaugural Research Report, analyst Jiahui Tan issued a buy call on 99 Speedmart with a Target Price of RM1.99. Please find the attached report for your reading. Feel free to have a read HERE.
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