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Situation is more complex. This morning's paper talked of "Ringgit outlook tied to rate cut and Trump win". What the hell is media thinking?
Ringgit outlook is yesterday's news. It already closed at 19 month high as of yesterday at 3.267. Overshot end of year forecast, made several times - early this year and middle of last year. Time to talk of the implication of the present level of Ringgit. Can it stabilise and sustain there.
The discussion did touched on the impending Fed rate cut.
It is September 18th already, thus WTF is it taking Fed so long? Will it 25 or 50 basis points or more? Is Jeremy Powell waiting for a recession before he will finally make the cut?
Or he cannot make the decision? Lawyers managing monetary policy in a monetarist modelled economy or in other words, highly indebted government. USD35 trillion debt!
Trump would definitely fire this dude.
Talking about Trump, they were reporting his win would be a challenges to Asia. Guess their balls are shriveling to the threat of a 100% tariff imposed on countries involved in dedollarisaton. What the heck, its just him scaring the shit of American to scare them into voting him.
If the counterparty insist on non-dollar and useof BRICS payment system, what could old Trumpy do?
By the way, Trump is not doing too good on the polls. Just 7 hours ago, Newsweek reported latest poll placed Kamala in the lead by 7 points, and that is considered a record lead. More negative news for Trump in his comfortable seat state of Iowa.
This blog had written that a Trump win will be advantageous of Malaysia. The risk of Trump win was also discussed.
While a Harris win will continue the hawkish foreign policy of the US and could lead the world closer to World War 3 as the West - American and European Union i.e. NATO resisting the transition trend from unipolarity to multipolarity world order.
However, in the meanwhile, Biden just revive the case for Glove industry. The public listed companies involved in glove manufacturing went limit up yesterday. "Glove stock surge" was due to tariff increase on Chinese medical glove by 60% for 2025 and 100% for January 2026.
This morning, another story making its round. And it has been making since Weekly Edge put up the news that Heitech Padu is back as a front runner for the controversial NIISE contract.
Before anyone try to link it to Farhasy Salvador Waja, whose name was bandied around on the latest episode on the mysterious and strange allegations involving Yusoff Rawther, cucu of Consumer Association of Penang's SM Idris and even the police investigation against Al Arqam cult business interest, stop right there.
Farhasy ceased as a substantial shareholder since April, at least officially.
Heitech Padu shares have been flying on talk they are likely to secure the multibillion NIISE contract. Recent frontrunners Theta Edge, DNex shares are sliding. Since it is about to be announced soon, now is the right time to share this piece of information that came to attention months before Jose Barrock wrote his recent piece.
Theta Edge, DNex and Redtone were offered to form a consortium but apparently DNex refused and for a fair reason. Such a big project like NIISE is too complex to parcel out to different parties. Only one can lead. Out of the blue, old favourite Hitech reappeared.
Apparently, certain shareholders of DNex and Redtone bought stakes in Theta Edge, in which Tabung Haji is a minor shareholder. Rather strange and appears to be conflict of interest.
Redtone also has a stake in Hitech.
Despite rejecting the consortium, DNex was heard being asked to look into something by a certain someone. Hush hush ... cannot publish yet. That's all folks.
A stock to watch for business and corporate development, but not necessarily recommended to buy. Or to sell. Perhaps, its already being sold in the market as we are talking.
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