Sunday 30 September 2018

Ringgit Malaysia. Killshot

Is turning out to be one of the most popular rap song ever. The single is from Eminem, taken from the album kamakazie.

Ringgit currently trades at RM4.14 to the US Dollar. This coming week looks like the killshot for the Ringgit, with the currency expected to come under pressure and test the RM4.18 to RM4.20 level.

ING Barrings meanwhile says that the Ringgit will hit RM4.25 to the dollar. Me thinks that the Ringgit will be RM4.30 come Jan 2019. Anyway this is what ING said:

Article19 September 2018Reading time 4 minutes

Malaysia: Enjoying the lowest inflation in Asia

Inflation missed estimates again in August. But with sufficiently positive real interest rates, the Malaysian ringgit will remain among Asia's top-performing currencies in the remainder of the year, and probably beyond. The risk to our end-2018 USD/MYR rate forecast of 4.25 is tilted more to the downside than to the upside

Thursday 20 September 2018

Lucky You

Is the latest rap single from Eminem ft Joyner Lucas. For those of you looking for the next big investment in the world now that the sun has stopped shining on crypto currency.
Lucky You. The next big this is a familiar product which most of us would have used at one point in our life time, but am too embarrassed to admit it.
Lucky you, has the story :
How the Canadian cannabis company Tilray became worth more than American Airlines

The pot company’s stock has only been public since July. And it’s making many people — including Peter Thiel — very rich.

The Canadian cannabis producer Tilray became the first marijuana company to go public on the Nasdaq in July. Its initial share price: $17. As of a month ago, its price had about doubled, to around $35. But in recent days, Tilray’s stock has skyrocketed well past $200. The company is now worth more than $20 billion — more than American Airlines, Expedia, and pharmaceutical company Mylan.

So what gives?

Based in the Vancouver Island town of Nanaimo in Canada, Tilray, according to its website, is dedicated to “cultivating and delivering the benefits of medical cannabis safely and reliably.” Its revenues were just $20 million last year, but because Canada is about to legalize marijuana in October, its business prospects recently have become much more attractive.