Bank Negara Malaysia. No Diggity

Is the 1996 hit by Dr Dre & Blackstreet, which dislodged Macarena on the charts after 14 weeks at number one on the billboard charts.

Bank Negara kept interest unchanged today, and now one expert says, nothing is going to happen in 2017.

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Capital Economics Analyst Krystal Tan wrote:

There are fears that Donald Trump’s reflationary policies could lead to a rise in US inflation and trigger the Fed to hike interest rates aggressively, leading to a pull-back of capital flows from emerging markets. The need to roll-over Malaysia’s large stock of short term external debt (which is the equivalent to around 28% of GDP) makes the ringgit vulnerable during periods of global risk aversion. Malaysia’s relatively high level of foreign currency debt, estimated at close to 40% of GDP, means it won’t want to risk sharp falls in the ringgit.

The tone of today’s statement suggests that the central bank is in little hurry to adjust monetary policy settings any time soon, and there was no mention of the possible introduction of capital controls which had recently been mooted in the press. With inflation set to remain low, we expect interest rates in Malaysia to remain on hold through 2017.

Ringgit 4.44. Somebody Please Stop Bernama. Clarity

Is the hit single by ZEDD. "Clarity" is what we need.
So somebody please STOP Bernama reporting stories such as Ringgit now accepted on Cathay Pacific flights or Ringgit accepted in Saudi Arabia, Thailand and Indonesia.
Let me give the Government of Malaysia a free PR tip. Everybody has the impression that the Ringgit is ACCEPTED everywhere, but the BERNAMA reporting makes us WONDER.
Who is actually Bernama working for? What is their agenda, if NOT to create PANIC?

CIMB. Maybank. Traicionera

Is the hottest Spanish single in the market now by Colombian Sebastian Yatra.

It means, "traitoress" in English. With this in mind, CIMB and Maybank are now selling tt/od the US DOLLAR at RM4.49.

Felda Global. Bed Of Lies

Is a recent monster hit for Nicky Minaj. Many traders are screaming that the Felda management knew 'of the bed of lies", flaming the company now, but choose to keep silent until yesterday.

Regardless of the "Bed of Lies" , KN Kenanga, now says that Felda is worth RM1.90, based on a price to book valuation of 1.1 times.

Will the market BiTE into the research report, or will it be the case of another one bites the DUST!!!.

Felda Global. The Heartbeat Song

Is a 2015 hit for Kelly Clarkson. After hitting a low of RM1.56, is Felda Global ready to sing the "Heartbeat" song.

Has the selling been done with, or is there more to come? We shall soon know. Whatever it is, the valuation for Felda is PURELY politics.

This coming election will be WON or LOST in the FELDA, heartland, in RED, Tanah Melayu.

If you believe in that, then this is YOUR "HEARTBEAT SONG".

Felda Global Bhd. Gangnam

Style is the 2012 one hit wonder by South Korean rapper PSY.

With fraud now thrown into an already very difficult situation for Felda, this stock is now trading at the RM1.60ish level.

At the RM1.50 ish level, Felda is a political animal, and perhaps at this level, it can find its fair value home.

Like Felda or Hate Felda, this stock has the "GANGNAM" style written all over it. Let's get real, the bulk of those holding Felda stocks are government backed funds. They wont throw the kitchen sink, as the political dimension is a C4 in the making.

Regardless, this is NOT a contra song.

Bank Negara Malaysia. Trapped

Is the massive 1985 hit for Colonel Abrams.
Likewise, Bank Negara Malaysia, seems to have "TRAPPED" itself into a corner today.
The central bank knows it must bite the bitter pill and cut interest rates today.
But all 18 analyst polled by Bloomberg yesterday, expect Bank Negara Malaysia to do "NOTHING".
Part of the reason is because Malaysian financial institutions could be the worst affected by a slide against the US Dollar, which stands at RM4.42.
With fund managers now saying the probability of the US Federal Reserve hiking lending rates next month, Bank Negara Malaysia is caught in a catch 22 situation.
Cut interest rates, and see the value of the Ringgit slide, knowing that Malaysian banks are the biggest issuers of short-term dollar debt, with more than US$3.5 billion of bonds due in less than a year outstanding.
Don't cut interest rates now, and you close the door to reinvigorate the manufacturing sector.
What the central bank to today, will gives us all an insight, if our bankers are long or short sighted.