Ringgit expected to remain weak, BNM may keep OPR at 3.25% in 2016

Analysts expect the Ringgit to remain weak and Bank Negara to keep the overnight policy rate (OPR) at 3.25 percent in 2016, following the interest rate hike by the US Federal Reserve, reported The Sun Daily. Notably, the Fed’s Open Market Committee (FOMC) increased the target range for the federal funds rate (FFR) to 0.25 … Read more

REIT sector within expectations, MGS yield assumption raised

  MIDF Research expects higher volatility for Malaysian Government Securities (MGS) yield next year, as the latest quarterly results within the real estate investment trust (REIT) sector came in within expectations with two beating expectations, reported The Borneo Post. In MIDF Reasearch’s universe of six REIT stocks, earnings of KLCCP Stapled Group and IGB REIT … Read more

2016 expected to be a tough year for property market

Investment guru Datuk Gavin Tee expects 2016 to be “the worst year for Malaysian property” on the back of weaker economic growth, loss of pricing power and dimmer financing, reported The Malaysian Reserve. “2015 was bad, and 2016 will be worse,” said Tee at a briefing in Kuala Lumpur. “I’ve travelled all over the region, … Read more