Edwin Pier Loo
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Selamat Hari Moodeka! Wishing all Malaysian a joyous celebration of our nation's independence. May this Merdeka Day unite us and work together to build a better Malaysia!! Moo to the Moon~~
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Edwin Pier Loo
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As Malaysia grow older, I also grow older each year.
Wishing Malaysia would start & continue to be prosperous again (yeah MYR start ) and maintain & improve racial harmony in a multicultural nation. (and not just on National day).
Happy long weekend holidays too to all.
Wishing Malaysia would start & continue to be prosperous again (yeah MYR start ) and maintain & improve racial harmony in a multicultural nation. (and not just on National day).
Happy long weekend holidays too to all.
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Edwin Pier Loo
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Edwin Pier Loo
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The best investment you can make is in Yourself. Let the market be with you.
Happy National Day, everyone. Merdeka.. Merdeka.. Merdeka..
Happy National Day, everyone. Merdeka.. Merdeka.. Merdeka..
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Edwin Pier Loo
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Wishing the people of the whole country a safe and peaceful life, and a prosperous economy every year, like a bamboo breaking through. Happy National Day.
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Edwin Pier Loo
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The Q3 13F filings, released yesterday, reveal the latest positions of prominent investors and major hedge funds. These filings, required by the SEC for entities managing over $100 million, detail quarterly share and ETF transactions.
Warren Buffett's $Berkshire Hathaway-A (BRK.A.US)$/ $Berkshire Hathaway-B (BRK.B.US)$added new positions in $Ulta Beauty (ULTA.US)$and $Heico (HEI.US)$in Q2, according to the filing. Despite cutti...
Warren Buffett's $Berkshire Hathaway-A (BRK.A.US)$/ $Berkshire Hathaway-B (BRK.B.US)$added new positions in $Ulta Beauty (ULTA.US)$and $Heico (HEI.US)$in Q2, according to the filing. Despite cutti...
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Edwin Pier Loo
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In early August, global stock markets plummeted, sparking fears of an economic recession and a looming bear market. Meanwhile, the bond market quietly surged, with the $iShares 20+ Year Treasury Bond ETF (TLT.US)$ achieving an eight-day winning streak by August 5th.
Data is as of August 8 and is for illustrative purposes only and does not constitute any investment advice or guarantee.
Why did bonds attract investment while stocks were falling? Bonds benefi...
Data is as of August 8 and is for illustrative purposes only and does not constitute any investment advice or guarantee.
Why did bonds attract investment while stocks were falling? Bonds benefi...
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Edwin Pier Loo
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Morning Movers
Gapping up
$DoorDash (DASH.US)$ The food delivery service's stock advanced 7.8% after posting second-quarter revenue of $2.63 billion, which exceeded the LSEG consensus of $2.54 billion. DoorDash also raised the third-quarter guidance for its marketplace gross order value.
$Cloudflare (NET.US)$ The IT company's shares jumped 6% after it raised its full-year outlook, guiding full-year earnings to between 70 cents ...
Gapping up
$DoorDash (DASH.US)$ The food delivery service's stock advanced 7.8% after posting second-quarter revenue of $2.63 billion, which exceeded the LSEG consensus of $2.54 billion. DoorDash also raised the third-quarter guidance for its marketplace gross order value.
$Cloudflare (NET.US)$ The IT company's shares jumped 6% after it raised its full-year outlook, guiding full-year earnings to between 70 cents ...
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Edwin Pier Loo
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Columns Breaking through the 4.50 barrier, the Ringgit became the best emerging currency of the week.
$USD/MYR (USDMYR.FX)$
The rising trend of the ringgit is unstoppable, with another surge of over 1.7% today, breaking through the 4.50 level. The entire week saw a rise of 3.6%!
As of 5 p.m., the exchange rate of the ringgit was 4.4908 to the US dollar, with a daily increase of 1.72%. This is another important level that the ringgit has surpassed within 3 days after breaking through the 4.60 level on Wednesday, July 31.
Looking at the entire week, the exchange rate of the ringgit has increased by 3.59%, making it the best-performing emerging market currency this week.
The outlook for Malaysia's economic growth is optimistic, coupled with continuous inflow of foreign funds, which has led to a 10-day continuous increase in the ringgit, the longest streak in 14 years.
According to Bloomberg, after three years of decline, the performance of the ringgit this year has been better than other Asian currencies, especially after the government introduced policies to promote foreign investment and reduced subsidies to narrow the budget deficit.
With the support of these policies, the Malaysian stock market has regained the interest of global funds. These funds have bought $0.112 billion (approximately 0.508 billion ringgit) of Malaysian stocks so far this year.
At the same time, Malaysia's economic recovery is also accelerating. The improvement in export conditions has provided support for economic growth. In addition, the statistics bureau's earlier forecast for the second quarter's economic growth rate reached 5.8%, exceeding market expectations.
According to the report by Bernama, Second Finance Minister Datuk Seri Amir Hanza believes that the forecast of Malaysia's economic growth of 4% to 5% this year can be achieved, and it may even reach a higher level. The trend of the ringgit will also enter a...
The rising trend of the ringgit is unstoppable, with another surge of over 1.7% today, breaking through the 4.50 level. The entire week saw a rise of 3.6%!
As of 5 p.m., the exchange rate of the ringgit was 4.4908 to the US dollar, with a daily increase of 1.72%. This is another important level that the ringgit has surpassed within 3 days after breaking through the 4.60 level on Wednesday, July 31.
Looking at the entire week, the exchange rate of the ringgit has increased by 3.59%, making it the best-performing emerging market currency this week.
The outlook for Malaysia's economic growth is optimistic, coupled with continuous inflow of foreign funds, which has led to a 10-day continuous increase in the ringgit, the longest streak in 14 years.
According to Bloomberg, after three years of decline, the performance of the ringgit this year has been better than other Asian currencies, especially after the government introduced policies to promote foreign investment and reduced subsidies to narrow the budget deficit.
With the support of these policies, the Malaysian stock market has regained the interest of global funds. These funds have bought $0.112 billion (approximately 0.508 billion ringgit) of Malaysian stocks so far this year.
At the same time, Malaysia's economic recovery is also accelerating. The improvement in export conditions has provided support for economic growth. In addition, the statistics bureau's earlier forecast for the second quarter's economic growth rate reached 5.8%, exceeding market expectations.
According to the report by Bernama, Second Finance Minister Datuk Seri Amir Hanza believes that the forecast of Malaysia's economic growth of 4% to 5% this year can be achieved, and it may even reach a higher level. The trend of the ringgit will also enter a...
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