Focus on fundamentals, and the stock disaster is likely to continue for weeks
Report: Ling Qiaosen
$FTSE Bursa Malaysia KLCI Index (.KLSE.GI)$
Pessimism and panic surround Asian stocks. Market participants believe that retail investors should focus on fundamental investments at this stage and seek stability during periods of stock market turmoil.
Huang Yuhan, founder and CEO of Tradeview Capital, pointed out in response to the “Nanyang Commercial Daily” inquiry that the current stock market crisis cycle is estimated to continue for one to two weeks, and there will probably not be a rebound too soon.
Concerns about the economic outlook caused by external factors are the main cause of the sharp decline in Asian stocks and blood flow.
Among them, weak US economic data, the heating up situation in the Middle East, and the Bank of Japan's move to raise interest rates all caused fear in the market, which in turn caused the stock market to decline steadily.
Huang Yuhan said, “In an environment where panic continues, the stock market has entered an arbitrage model. I believe the market will tend to choose to exit and wait and see to maintain previous profits.”
He also urged retail investors not to hastily deploy investment strategies during this period, because at a time when capital movements are uncertain, the stock crisis is expected to continue.
“Since the panic may not subside too quickly, and the ringgit has appreciated quite a bit recently, foreign investors are likely to arbitrage the exchange rate during this period, further worsening the overall Asian stock market.”
Financial stability, high dividends
Huang Weihan believes that if they want stability in the midst of chaos, in addition to waiting and watching for a while, retail investors should also shift their investment vision to financially sound stocks.
“Financial soundness means having good health...

$ZHULIAN (5131.BMS)$
10% dividend yield

$Bristol-Myers Squibb (BMY.US)$ The only stock that left me speechless after the results were announced. A sharp rise of 10% in one day
When I first started, I simply thought his dividend was pretty good; I never thought I'd reach the target price that fast.
Lowest entry and maximum exit are manoeuvres that everyone dreams of, but at the same time, there are a few ghosts that can be reached.
I personally think that adhering to one's own investment principles is the most suitable investment direction for oneself
I was lucky enough to outperform the market in July 2024, and I hope it will continue to rise step by step in the future

Tiandi Tong Digital Network is the first to apply!
The second 5G network battle begins! $CDB (6947.BMS)$Be the first to apply and submit a proposal to the Communications and Multimedia Commission (MCMC) to deploy Malaysia's second 5G network!
Group CEO Dato' Ehamnawai stated in a statement that Tiandi Tong Digital aims to build the most advanced 5G network and accelerate widespread adoption by consumers and enterprises.
“We have the opportunity to use the existing solid infrastructure, financial strength and strong ecosystem to build a 5G ecosystem for the country.”
The group emphasized that it has 30 years of experience in operating large-scale mobile infrastructure and operates the most extensive and modern 4G network in the country, so it is also capable of providing an affordable, fast, and efficient second 5G network for the people of Malaysia.
The statement also stated that by the end of 2024, two-thirds of the company's networks will be upgraded. The company already has 0.01 million8,000 sites and is ready to rapidly deploy advanced 5G and 5G technology.
“To ensure that millions of Malaysians can benefit in the 5G and AI era, the Group is redoubling its efforts to promote the country's digital transformation by developing the best 4G/5G product portfolio on the market.”
The former DPRK government originally planned a national digital company (DNB) formed by the Ministry of Finance to establish a single 5G wholesale network; however, the unity government changed policies and planned to establish a second 5G network.
In addition to the Tiandi Connect digital network, $MAXIS (6012.BMS)$Rumor has it that it is also about the second 5G network...

Recovering this year's losses, the ringgit surpassed 4.6
(KUALA LUMPUR 31st) As government funds and companies respond to the government's call to transfer funds back to the country, and the market expects the Federal Reserve to speed up the pace of interest rate cuts, push the ringgit exchange rate to break through the 4.6 level and recover lost ground since this year!
As of 6 p.m., the exchange rate of the ringgit was reported at RM4,905 to the US dollar, up 0.68% from yesterday.
According to Bloomberg, after falling to a 26-year low in February, the ringgit has now successfully rebounded and erased all losses since the beginning of the year.
It is worth noting that OCBC Bank previously predicted that it would take until mid-2025 for the MYR to return to the 4.60 level against the US dollar, but now it has completely surpassed the target and is approaching the 4.59 level.
Best in Asia
Today, the ringgit has become one of the best-performing currencies in Asia this year, because the Bank of China has continuously encouraged state-owned enterprises to exchange foreign exchange for ringgit and has stepped up efforts to use forward contracts to support the ringgit trend.
Moreover, the return of the global technology cycle to an upward trend will help drive export recovery, and once the Federal Reserve presses the lower interest rate button, the interest rate spread between the ringgit and the US dollar will narrow as a result.
Huang Jinglong, a foreign exchange strategist at OCBC Bank, said that as the Federal Reserve may start cutting interest rates, he believes the interest rate gap between the two countries will be further improved, and at the same time, the ringgit exchange rate can also use this to recover some of its lost ground.
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🖋️ [Editor and Reporter] @Jungle lee
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