Sumatec. When Love Comes To Town

Is a massive hit for BB King and U2. Looks like Love has come to town for oil and gas penny stocks, led by Sumatec Resources.

The stock is up by more than 20 per cent to 8.5 sen,in 2 TRADING days while the baby is up 37 per cent today to 5.5 sen, as analyst expect that the OPEC, oil output reduction has an 80 per cent chance of success.

CNBC has the story. Read below :

The Organization of the Petroleum Exporting Countries (OPEC) will return to relevance after three challenging years of sustained oil price declines and spending cuts on new drilling and equipment, an oil analyst said Tuesday.

Late last year, OPEC and major non-OPEC countries announced join production cuts of around 1.8 million barrels a day starting this year, a move that many are upbeat about.

Energy Aspects' oil analyst Virendra Chauhan said he expects an 80 percent compliance rate on the agreement. Non-OPEC producer Russia would keep its promise as the country needs energy prices to rise, he added.

Bursa Malaysia. Broken Angel

Is the 2014 hit for Arash & Helena from the album Superman.

Malaysia will require a superman to fix this broken angel (Bursa Malaysia).

According to MIDF, last year's net outflow was RM3 billion. In the year before it was RM19.5 billion.

In total over a 24 month period, Bursa Malaysia bled red ink to the tune of RM935 million a MONTH, every MONTH.

Malaysia, In The Eyes Of Singapore. Fallen

Is a minor 2016 hit for Lauren Kate. The Singapore Businesses Times looks at Malaysia as FALLEN.
This is what Singapore Business Times had to say today about Malaysia :

TO many, 2016 was a year of diminishment for Malaysia.

Not only has the ringgit's value declined considerably, public confidence and consumer sentiment have waned noticeably. Meanwhile, the 1MDB financial scandal has also diminished Malaysia in the eyes of the international community.

Unless credibility is restored, the regression is expected to continue in 2017 amid great uncertainties - one of which are the policies of the mercurial Donald Trump who will be sworn in as US president later this month.

Ringgit Malaysia. A View To A Kill

Is the 1985 hit for the 80's super group Duran Duran.

There is A View To A Kill when it comes to the Ringgit, as CNBC says the future might not be so bright. Read below :

The Malaysian ringgit could weaken further in the January-March quarter against the dollar, as a combination of external risks and domestic issues hover over the beleaguered currency, according to a Westpac analyst.

The currency pair traded at 4.48 on Tuesday morning. Last month, the ringgit fell to its lowest level since the 1998 Asian Financial Crisis and for full year 2016, the currency slipped 4.24 percent against the dollar.

Robert Rennie, who is global head of market strategy at Westpac, told CNBC's "Squawk Box" on Tuesday, "Expectations are for slower China through 2017, that's something that weighs on Malaysia clearly."

"Domestically, we have political issues," he added.

Rennie expects the ringgit to move up to 4.55 against the dollar by the end of first quarter of 2017.

In December, Mizuho Bank predicted the dollar/ringgit to hover at 4.30-4.7 in the same period.

HSBC's MD and co-head of Asian economic research, Frederic Neumann, also told CNBC on Tuesday Malaysia's shrinking current account surplus would likely make the ringgit more vulnerable this year. "It has already seen a weakening currency in the past year and that trend may continue."

Malaysia. PMI. Inflation. Are You With Me

Is the 2016 mega hit for Lost Frequencies, taken from the album are you with me.

Are you with me, Malaysia, the manufacturing sector has contradicted for a record 21 consequtive months,  and this time its bringing inflation indirectly with it.

The Nikkei Asian Review has the story. Read below :

Malaysia PMI unchanged at 47.1 in December

TOKYO -- The Nikkei Malaysia Manufacturing Purchasing Managers' Index, or PMI, came in at 47.1 in December, unchanged from November's reading.

A reading above 50 indicates economic expansion, while one below 50 points to a contraction. The latest figure shows Malaysia's manufacturing sector to be in contraction territory for 21 consecutive months.

"The end of the final quarter of 2016 saw the Malaysian manufacturing sector remain in contraction territory," said Amy Brownbill, economist at IHS Markit, which compiles the survey.

"The weakness of the Malaysian ringgit continued to weigh heavily on goods producers' cost burdens, with input prices rising at the sharpest rate in the series history. IHS Markit forecasts consumer price to strengthen over the New Year, as manufacturers try to pass on their additional costs."

(Nikkei)

Ringgit Malaysia.19

Is the monster 1985 hit for British DJ Paul Hardcastle, taken from his self titled debut album.

The Ringgit today, sunk to a 19 YEAR low against the US Dollar, falling to 4.493, giving fresh legs to penny stocks such as SYF Resources to make a quick DASH on the top 20 most active stocks.

SYF is three sen UP to 56 sen a share, as the Ringgit starts 2017, with a heart break.

Ringgit Malaysia. Broken Wings

Is the 1985 monster hit for American rockers Mr.Mister taken from the hugely successful welcome to the real world album.

If we Welcome the Ringgit To The Real World, then it will probably open tomorrow at 4.49, against the US Dollar, in line with what is reflected on the NDF market.

The Ringgit has broken wings, there is no doubt to that. The Edge's Cindy Yeap writes here :
http://www.theedgemarkets.com/my/article/state-nation-will-government-bond-redemptions-2017-weigh-ringgit

All that could go wrong with the Ringgit, IE via bond redemption, yet strangely Yeap fails to mention that in 2017, the Malaysian Government has NO US dollar denominated redemption, and that's a VERY big plus for the Ringgit .

Is this an oversight by the Edge or is the 2017 plan, is to talk the Ringgit down to 4.60 ?  We shall soon find out, won't WE!!!