EVENING 5: Morgan Stanley sees ringgit weakening further

Morgan Stanley sees the ringgit weakening to as low as 4.22 against the US dollar this year before gradually strengthening above 4.20 next year. Meanwhile, Tabung Haji reports 1Q net profit of RM440mil, and the operator of Tealive is looking at a potential listing next year.*Correction: TH saw more than 91,000 new savings accounts opened during 1Q. We apologise for the oversight.