KUALA LUMPUR: CIMB Equities Research expects weak demand for semiconductor-related KESM’s products in 2QFY19F due to ongoing inventory adjustment from its customers, but expect stronger demand recovery in 2HFY19F.
KUALA LUMPUR (Dec 12): A gauge of expected volatility in Malaysia’s ringgit fell for the first time in three days as risk aversion eased amid signs US-China trade relations are improving.
* USD/MYR 1-month implied volatility drops 0.17 vol to 6.15
* Spot USD/MYR is little changed at 4.1830, pausing after a five-day gain
** Support 4.1352, 4.1227, 4.0900; resistance 4.2020, 4.2437, 4.2531
* Most EM Asia FX advance after China was said to be weighing lowering tariffs on US-made cars, and Huawei CFO Meng Wanzhou was granted bail by a Canadian court