KUALA LUMPUR, July 13 — The ringgit is poised to trend higher next week to 4.65 against the US dollar, supported by positive economic indicators.

KUALA LUMPUR, May 18 — The ringgit is expected to trade in a narrow range of 4.67 to 4.69 against the US dollar next week due to the absence of key economic data, said Kenanga Investment Bank Bhd.

KUALA LUMPUR, April 9 — Analysts are optimistic about the growth prospects for Malaysia’s industrial sector this year despite a softer industrial production index (IPI) growth of 3.1 per cent year-on-year recorded in February 2024.

KUALA LUMPUR, Feb 8 — Malaysia’s manufacturing sector is expected to see a robust recovery in the second half of 2024 (2H24), and the manufacturing index is forecasted to expand 4.6 per cent this year, said Kenanga Investment Bank Bhd (KIB).

KUALA LUMPUR, Dec 2 — The foreign exchange market is predicted to remain cautious next week, with all eyes on major data points, including the US Nonfarm Payroll (NFP) and Unemployment Rate, which will be critical for ringgit-US dollar performance.

KUALA LUMPUR, Nov 25 — The ringgit is expected to trade range-bound ahead of the next set of tier-one United States (US) economic data on Friday (December 1) of which the key US non-farm payroll (NFP) will be released, an analyst said.

KUALA LUMPUR, Nov 20 — Kenanga Investment Bank Bhd has upgraded its calendar year 2023’s total industry volume (TIV) forecast by seven per cent to 770,000 from 720,000 units amid stronger-than-expected sales volumes across the board, especially for Perusahaan Otomobil Kedua Sdn Bhd (Perodua).

KUALA LUMPUR, Nov 11 — The ringgit is expected to trade cautiously against the US dollar next week as traders seek fresh leads on more significant economic data.

KUALA LUMPUR, Oct 9 — Kenanga Investment Bank Bhd expects the government to project a higher gross domestic product (GDP) growth target in 2024, potentially between 5.0 per cent and 5.5 per cent.

KUALA LUMPUR, June 12 — Kenanga Investment Bank Bhd has revised down Malaysia’s 2023 manufacturing index growth forecast to 2.4 per cent from 5.0 per cent previously (2022: 8.2 per cent), given the considerably lower-than-expected print in April and the subdued year-to-date performance.

KUALA LUMPUR, May 9 — Kenanga Investment Bank Bhd (Kenanga IB) has upgraded its rating recommendation on Tenaga Nasional Bhd (Tenaga) to 'outperform' from 'market perform', as it continues to see value in the utility giant after the recent weakness in its share price.

KUALA LUMPUR, April 25 — Kenanga Investment Bank Bhd (Kenanga) expects the ringgit to rebound and appreciate by 0.9 per cent to 4.286 against the US dollar this week.

KUALA LUMPUR, Apr 25 — The global supply chain disruptions due to the Covid-19-triggered lockdowns in China and the ongoing Russia-Ukraine war may continue to boost costs, causing inflation to rise.

KUALA LUMPUR, Feb 23 — The Malaysian automotive sector is expected to remain positive in 2022 with total industry volume (TIV) growth to increase 12-14 per cent year-on-year (y-o-y), as the flood-induced supply disruption in January 2022 is temporary, said MIDF Research.

KUALA LUMPUR, Dec 20 — The ringgit slipped further against the US dollar on Monday as weak market sentiment continued to weigh on investors’ risk appetite, dealers said.