We believe the fair value of RM is minimum below RM 3.80 vs USD 1.00. The current speculation of USD rate increase has pushed dollar to the high side. Overall the fundamental economy in US has not changed too drastic in the past years.
Local front even though we do have 1MDB issue and high house hold plus national debt. Savings, natural resources and private sectors are still strong enough to weather any crisis.
Oil will recover and the fair value should be above USD 60 per barrel. I don’t know when but be ready for another while ride up swing in short to mid term.
Especially after October budget announcements when the new budget will base on a much reality oil price. However in long run that’s not healthy and our economy must not be too rely on oil alone.
J&J Investment Co. 
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