KUALA LUMPUR, Jan 8 — The ringgit closed higher against the US dollar on Monday, eking out a marginal gain after recent losses as funds flowed back into emerging markets.

KUALA LUMPUR, Jan 8 — MIDF Amanah Investment Bhd (MIDF Research) expects the ringgit to appreciate to RM4.20 against the US dollar by end-2024, benefitting from the reversal of fund flows going back into the emerging markets.

KUALA LUMPUR, Jan 2 — Investment analysts have maintained a positive stance on Malaysia’s banking sector for 2024.

KUALA LUMPUR, Jan 2 — The interest in Malaysian equities among foreign investors stretched into its third week as they net bought RM165.3 million worth of shares on Bursa Malaysia last week.

KUALA LUMPUR, Dec 22 — Malaysia’s domestic demand is set to stay on the expansionary path from the fourth quarter (4Q 2023) onward as the country’s inflation continues softening, said MIDF Research.

KUALA LUMPUR, Dec 11 — Foreign investors reversed their five-week net buying streak last week, with net selling at -RM276.4 million last week, said MIDF Research.

KUALA LUMPUR, Dec 7 — The ringgit is expected to recover and appreciate to 4.20 against the US dollar by the end of 2024, given the high likelihood that the United States Federal Reserve (Fed) has ended its tightening cycle, said MIDF Research.

KUALA LUMPUR, Dec 7 — MIDF Research expects Malaysia’s gross domestic product (GDP) growth rate to improve to 4.7 per cent in 2024, supported by the recovery in external trade and sustained growth in domestic demand.

KUALA LUMPUR, Dec 4 — Foreign investors maintained their position as net buyers on Bursa Malaysia for the fifth consecutive week, with total inflow of RM246.3 million, said MIDF Research.

KUALA LUMPUR, Dec 1 — The slower contraction in Malaysia’s Leading Index (LI), which fell by -0.3 per cent year-on-year (y-o-y) in September versus -0.5 per cent in August, indicates that Malaysia’s growth prospects are improving, said MIDF Research.

KUALA LUMPUR, Nov 29 — MIDF Research foresees low inflationary pressure to persist in Malaysia at least until the first half of 2024 (H1 2024) amid better domestic supply chain, stabilisation of interest rate and normalisation of global commodity prices.

KUALA LUMPUR, Nov 24 — Malaysia's inflation will continue to remain modest for the rest of 2023 and in the early part of 2024 due to slower pressure from the demand-pull inflation and the impact of the interest rates normalisation, said AmBank Research.

KUALA LUMPUR, Nov 17 — RHB Investment Bank Bhd has maintained its 2023 gross domestic product (GDP) growth projection at 4.3 per cent year-on-year (y-o-y), with rosier economic prospects expected in the fourth quarter of 2023 (4Q 2023).

KUALA LUMPUR, Nov 14 — Foreign investors maintained their status as net buyers on Bursa Malaysia for the second consecutive week last week, snapping up RM676.7 million worth of local equities — nearly four times the amount purchased the previous week.

KUALA LUMPUR, Nov 8 — Malaysia’s exports are expected to rebound and expand by 4.5 per cent in 2024 after a projected 6.4 per cent decline for this year, MIDF Research said.

KUALA LUMPUR, Oct 7 — MIDF Research has predicted the consumer price index (CPI) inflation will moderate to 3.0 per cent this year from 3.3 per cent in 2022.

KUALA LUMPUR, Nov 6 — The ringgit is expected to appreciate to RM4.30 against the US dollar by year-end as the Federal Reserve (Fed) is deemed to have ended its tightening cycle for the year, said MIDF Research.

KUALA LUMPUR, Oct 30 — MIDF Research anticipates that the market price of chicken will not increase substantially after the removal of subsidies and price controls, considering that chicken is a staple protein for Malaysians.

KUALA LUMPUR, Oct 27 — MIDF Research foresees limited pressure on local producers to increase selling prices going forward, given the Producer Price Index (PPI) inflation still remains below the Consumer Price Index (CPI) inflation.

KUALA LUMPUR, Oct 26 — MIDF Amanah Investment Bank Bhd (MIDF Research) has reiterated its forecast that Malaysia’s gross domestic product (GDP) will grow 4.2 per cent in 2023 before picking up to 4.7 per cent next year following the narrower contraction in the leading index (LI) recorded in August 2023.