1st issue is DOJ on 1MDB and 2nd with lowering oil price dampened sentiment. But we are not aware of any new announcement by MBSB that have strong selling pressures. Except tight liquidity and excess rights that selling with a cost only at RM 0.59. We think it is highly oversold and we continue to buy today at average of RM 0.695. From this sentiment and we believe the pointer is very likely another 25 basis cut of interest before year end.
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