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Ringgit no longer undervalued, may hit RM4.25 by year-end: Economist

The Star LogoThe Star4d ago

Ringgit no longer undervalued, may hit RM4.25 by year-end: Economist - The Star

Quick Summary:

KUALA LUMPUR: The ringgit is no longer perceived as undervalued after breaching the RM4.35 level against the US dollar, said UOB Kay Hian Wealth Advisors head of investment research Mohd Sedek Jantan.

"Foreign investors will continue to increase their holdings in blue-chip sectors, particularly financials, as a rate cut would significantly benefit this industry.

A moneychanger showing the ringgit and US dollar notes in Kuala Lumpur.-MUHAMAD SHAHRIL ROSLI/The Star.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-28 @ 16:08:00 (4 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 401 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22289631

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About The Star

The Star Logo

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1 days ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

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