Rocket Capital wrote a post · Jul 11 22:08

BNM Holds Steady: Rates Unchanged at 3% for the 7th Time! 🤷‍♂️💤 #LowerRinggitForLonger 🤣

Policy Consistency: No surprises here, BNM's tone and stance are as steady as ever, supporting the economy and balancing inflation and growth. 🧘‍♂️📉📈

Diesel Price Hike? No Biggie! Despite a whopping 55.8% rise in diesel prices, BNM keeps its cool with inflation forecasts unchanged. They've got it all figured out.🤣 🛢️⬆️➡️😌

Growth Optimism: Export-led recovery on the horizon, thanks to Malaysia's strong position in the global tech supply chain. Semiconductors FTW! 💻📈

Currency Stability: No panic over the weak ringgit. External factors blamed, with no drastic measures planned. Encouraging GLCs and GLICs to repatriate FX is the way to go. 💱

TLDR : Lower Ringgit For Longer 🤣 stay with the exporters 🚀

Top Malaysian Semiconductor Exporters:

• $INARI (0166.MY)$ 🏭

• $VITROX (0097.MY)$ 🏭

• $UNISEM (5005.MY)$ 🏭

• $MPI (3867.MY)$ 🏭

• $GTRONIC (7022.MY)$ 🏭

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