Malaysian stocks and foreign exchange rates both rose and received attention from Bloomberg!
The domestic political situation is stable, foreign capital continues to flow back, and the Malaysian stock exchange has performed well since this year, making Bloomberg continue to write articles about the prospects of the Malaysian economy and the ringgit exchange rate.
Due to the convergence of favorable factors, the Malaysian stock market performed better than the region. Although it was adjusted in late May, $FTSE Bursa Malaysia KLCI Index(.KLSE.MY)$Malaysia's FTSE Composite Index still broke through the 1,600 point level earlier, setting a new two-year high.
Good news has been coming from Malaysia recently, first $NVIDIA(NVDA.US)$Nvidia built a data center, later $Microsoft(MSFT.US)$Microsoft plans to invest several billion ringgit in Malaysia, making Malaysia the center of the international semiconductor supply chain.
The Malaysian stock market value broke 2 trillion
This prompted a rise in market sentiment. The Malaysian stock market value broke the historical record of RM2 trillion on May 7.
As of May 31, Malaysian stocks closed at 1596.68 points. Compared with the closing of 1454.66 points last year, they have surged nearly 10% so far this year.
According to Bloomberg data, throughout May, foreign investors made net purchases of 52.9 million US dollars (approximately RM2,369.99 million) of Malaysian stocks, which is the largest return of foreign capital since March 2022.
At the same time, in terms of exchange rates, the first 5 months of this year were low and high, especially in the last 3 months. $USD/MYR(USDMYR.FX)$Malaysian ringgit against the US...

Although Malaysian stocks rallied strongly at the beginning of May, they seemed to fall under the “five poor and six absolute” curse at the end of the month. After 6 consecutive days of decline, they fell below the 1,600 key level today.
On the day of the MSCI component stock adjustment, the FTSE Composite Index experienced sharp fluctuations today. Although there was a rebound trend in early trading, the upward momentum quickly disappeared. In the end, it fell 7.58 points, or 0.47%, throughout the day, to 1596.68 points.
This also indicates that after breaking through 1,600 points on the 7th of this month, the Composite Index has now retreated below this level.
It is worth noting that this year has been driving Malaysian stocks higher $YTL(4677.MY)$ with $YTLPOWR(6742.MY)$ The rise came to an end after the results were announced last Thursday; since then, the FTSE Composite Index also experienced 6 consecutive declines.
$YTLPOWR(6742.MY)$
In any case, on a monthly basis, the FTSE Composite Index is still up 20.71 points, or 1.31%.
And so far this year, Malaysian stocks have also risen close to 10%.
$FTSE Bursa Malaysia KLCI Index(.KLSE.MY)$

Genting Shuangxiong released results yesterday, but today's stock price has not been boosted. In contrast, Genting Shuang Xiong even outperformed the big market by a lot.
$GENTING(3182.MY)$
$GENM(4715.MY)$

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Malaysia's GDP grew strongly by 4.2% in the first quarter
Private consumption and export turnover is strong. Malaysia's real gross domestic product (GDP) growth in the first quarter was better than previously forecast, with an increase of 4.2%.
Malaysia's economic growth data for the first quarter performed better than the Bureau of Statistics's earlier forecast of 3.9%, and also better than Bloomberg's median forecast of 3.9%.
In its report, the State Bank of Malaysia predicts that GDP growth in 2024 will fall at the level of 4% to 5%. Growth prospects still depend on peripheral and local risk factors. Upside risks include greater spillover effects from the technology cycle, more vigorous tourism activities, and faster deployment of investment projects.
MYR/USD $USD/MYR(USDMYR.FX)$The recent performance has been quite steady. The Bank of Malaysia said that since the end of February, the ringgit exchange rate has continued to appreciate, indicating the effectiveness of the Bank of China's measures to protect the ringgit.
So far this year, the ringgit has ranked 4th in Asia in terms of performance.
China's GDP grew strongly by 4.2% in the first quarter
Source: Nanyang Siang Pao
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May Arbitrage Exit Spell Expired? Summarize the brave move towards 1610 points
Report: @Jungle lee
Investors are currently filled with excitement, not only driving up the trend of Malaysian stocks, but also driving the FTSE Composite Index $FTSE Bursa Malaysia KLCI Index(.KLSE.MY)$ Does breaking through 1,600 points mean that the “sell in May and go away” (sell in May and go away) spell is no longer suitable to be applied to horse stocks?
“May arbitrage leaves the market” is actually a common phrase on Wall Street in the US, because all major US companies will announce their performance during the April period, and specific economic data will also be released during that period, and investors may make profits one after another and leave the market, which in turn puts selling pressure on the stock market.
Incidentally, in the Oriental Stock Market, there is also a saying “the five poor, six, seven out of seven.”
Although the East and West have different understandings about when the market will resume its bull market — the East thinks it can turn around in July, while the West thinks it will be necessary to wait until after Halloween (that is, November); one thing the two sides have in common is that the bear market began in May.
However, if you look at the current trend, that is, the four-day trading day starting May 2 was a situation where Malaysian stocks soared sharply. It seems that the relevant proverb cannot be applied to the trend of Malaysian stocks in May this year.
Judging from today's trend, the composite index was at the level of 1,600 points at the beginning, and now it has taken a leap forward. 1...

Star Lion Group $F&N(3689.MY)$Results were announced today. Although there was a year-on-year increase, there was still a month-on-month decline. Thailand's Songkran Festival has seen a huge increase in drink sales. The profit MVP for this quarter is still Thailand. The weather in Malaysia is getting hotter and hotter, and Malaysian sales seem to be on the rise.
I heard that F&N's performance was inversely proportional to the weather.When the heatwave hits, demand for beverages increases, Star Lion Group operates when it comes (enanyang.my), did anyone contribute to sales?

The first phase of investment of 1.7 billion yuan, Star Lion Dairy Cow Ranch will be put into operation next year
Star Lion Group $F&N(3689.MY)$The integrated dairy farm built by Golden Mas Negeri Sembilan has invested RM1.7 billion in capital expenses in the first phase, and milk production is expected to begin in early 2025.
The group revealed at the “2024 First Half Fiscal Year Report Meeting” held in Longshi today that the farm will introduce 2,000 cows in the first phase, with a daily output of 30 litres each.
Meanwhile, the ranch will be implemented in 2 stages, covering a total area of 809.37 hectares. Currently, it is in the Daxing civil engineering stage, about 404.69 hectares, an area where construction has not yet started.
Group CEO Lin Youhe said that the ranch will free up 3 reserved areas to be used as cultivated land for dairy cow feed, etc. He also said that in the future, it may be possible to raise up to 10,000 cows, and the ranch area may also be expanded to 2428.11 hectares.
“However, the Group does not hire too many people. Although the ranch may reach this scale when it comes to Japan, the company uses automation.”
Lin Youhe also said that the group has already sent personnel to the US to inspect and has selected suitable cows earlier.
Recently, there have been frequent cases of bird flu in many states in the United States. It is precisely from migratory birds to poultry and dairy cows. Lin Youhe said in response to an inquiry that dairy cows imported by the company will ensure that they are imported to Malaysia from non-affected areas.
In the first phase of the ranch launch, the group plans to export milk to neighboring countries Singapore and Cambodia; in the next phase, it will further expand to other markets in the Central and Southern Peninsula, and even Hong Kong and Macau.
Lin Youhe estimates, “The daily yield per cow...

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