PETALING JAYA: Thunderstorms, heavy rain and strong winds are expected across the country.
PETALING JAYA: Company share prices have room for further gains in 2025, underpinned by a shift to a weaker dollar, good domestic corporate earnings growth and further policy catalysts, says CGS International .
"In addition, we think financials and real estate or real estate investment trusts are potential indirect beneficiaries due to the benefit from increased domestic liquidity and foreign exchange volatility for the former and reflationary impact on asset prices for the latter,” it added. Together with Fed cuts signals in July and with expectations for another 150 to 200 basis points reduction by end of 2025, CGSI said it expects the DXY to break the psychological 100 handle soon and could reach 90 within 12 to 18 months.
And while there was an initial move to RM4.32 against the USD as at Aug 30, 2024, ringgit gains were observed to have resumed with the exchange rate falling to RM4.15 against USD as of today – reflecting a 13% hike from the year’s low.
CGSI Ringgit Equities Currency Strategy KLCI
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