Is the smash hit from Post Malone. We'll talk is, the Ringgit is going to slide to RM4.20 against the US Dollar by year end.
If that is the case, the export oriented stocks such as Inari and Mieco Chipboard are Bursa Malaysia's rockstar in waiting. Better get them now, while the valuation is still not mind boggling.
The Edge has the story on the Ringgit. Read below :
KUALA LUMPUR: The ringgit could depreciate to 4.20 against the greenback by the end of the year as domestic and external events may exert pressure on the currency, according to DBS Group Research.
“A surprise election outcome, potential downside on the fiscal position and more hawkish monetary policy action from the US [Federal Reserve] may weigh on the ringgit.
“We expect the ringgit to hit 4.20 against the US dollar by end-2018,” said Irvin Seah, DBS economist.
