Ringgit is highly undervalued but it is in confidence crisis

We believe the fair value of RM even in wake of FED interest rate hike still at around RM 3.30 – RM 3.50 against USD.  However, we strongly believe that it is 1MDB and the way of handling it from governemnt to political parties are in disastrous governance stage.  1MDB and the current situation must change in order for RM to rebound if without international change of financial situation.