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Ringgit seen hovering around 4.09–4.13, FBM KLCI 1,775-1,887

KUALA LUMPUR: AmResearch sees the ringgit hovering between 4.09 and 4.13 against the US dollar in September amid equities markets volatility. FBM KLCI is expected to trade between 1,775 and 1,887 in September, with the downside around 1,750

“With volatility on the table, the ringgit is expected to hover around 4.09-4.13 against the US dollar in September, with the possibility to reach 4.15,” AmBank Research chief economist Anthony Dass (pic) said.

Bank Negara seen holding key rate on trade war concerns

KUALA LUMPUR: Bank Negara is expected to keep its benchmark interest rate unchanged at a meeting tomorrow, as it keeps tabs on how far the United States and China will take their ongoing trade war.

All 11 economists polled by Reuters see the central bank holding its overnight policy rate at 3.25%.

AirAsia X downgraded to ‘neutral’

KUALA LUMPUR: AirAsia X Bhd’s second quarter (Q2FY18) results came in below its and consensus estimates compared to full-year net profit forecasts, says PublicInvest Research.

PublicInvest Research has downgraded its call on AirAsia X counter to “neutral” with a lower target price of 35 sen from 44 sen previously.

Opinion: We may be facing a textbook emerging market crisis

Emerging-market stresses have been building since at least 2013. Investors may have forgotten the effect of the “taper tantrum” on the so-called Fragile Five – Brazil, India, Indonesia, Turkey and South Africa, a term coined by Morgan Stanley to describe their vulnerability to capital outflows.

TNB on track to meet forecasts, says Kenanga

KUALA LUMPUR: Kenanga Research believes Tenaga Nasional Bhd's 2Q18 results are on track to meet forecasts while 1H18 core profiut of RM3.25bil was within expectations.

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