Construction industry
Dennis Tan, the Secretary General of the Master Builders Association, Malaysia, (MBAM) just said the following:
1. All construction sites are not allowed to operate during this period of MCO except essential works like MRT site, water and utilities sector.
2. Even utilities sector is not allowed to operate, many materials supply chain are not allowed to operate, like quarry, ready mix, steel bar and hardware are not allow. Some are still applying for MITI approval to operate.
3. One person per vehicle is huge problem for sending workers to site for workers stay off site.
4. Can't get required material to work for essential sector, some materials available are highly priced at this period.
5.Mechinery service and repair sector are not allowed to operate too.
6 The whole construction industry is in a standstill and crippled.
7 All his members are losing money because construction companies still have to pay their workers, office administrators, bank loan etc.
By the way, I was the Secretary General of (MBMR) for 9 years.
Property Development
Tan Sri Tan Boon Seng, non-executive IJM Corporation Chairman, just told me that MCO has crippled the whole property development industry. He reaffirmed what the Secretary General of MBAM just said.
By the way, I was a co-founder of IJM.
In fact, MCO is affecting almost all listed companies.
When workers cannot go to work, companies will lose money or make less profit.
Among all the stock selection criteria such as NTA, cashflow, dividend yield, debt, good balance sheet etc the most power catalyst to push up stock price is profit growth prospect.
Investors might be tempted to buy stocks which are on cheap sale. They will remain cheap for a long time, until they can report increased profit. Due to MCO, all listed companies will not be able to report increased profit in the next few quarters.
Investors can only start to buy stocks when the companies can report increased profit.
Covid 19 cases in Malaysia
Currently we have a total of 868,000 Covid 19 cases and 6,563 deaths. The number of new cases is still surging as shown on the chart below.
More than 11,000 new COVID-19 cases in Malaysia for second consecutive day. Today Malaysia reported a new record of 13,215 new cases.
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Stock market is a forward or future discounting mechainism mah!
If u anticipate the 6 to 9 mths business will be recovering, then u should start accumulating now loh!
If u wait to see earnings growth, share price already rise.....then u will be a laggard investors & must be prepare to pay a premium price loh!!
2021-07-15 18:45
All operation stop only Bursa still open for business so imagine so many people flock to Bursa goreng stocks.
2021-07-15 18:47
I am glad that KYY is now out of market otherwise every other day article on underrated stocks that trap many people.
2021-07-16 08:26
When to buy stocks? When bang Koon say sell this sell that, you start buy this buy that. Remember when bang Koon told us to sell gloves a week ago? Now glove price rebound. Reverse fortune-teller will make us kaya2.
2021-07-16 09:08
Seriously when this guy writes to sell you better buy.... best indicator ever. Even moving average indicator not no accurate
2021-07-16 13:45
Bourse is future indicator! If you take it as present indicator, most probably you will lost out! So yeah, with very satisfactory vaccination rate, now is the best time! If you still doubtful, wait for mass vaccination to hit half a million daily! But as of yesterday, it's already 460k! So yeah, it's as good as half a million!
2021-07-16 14:10
Title: When uncle will advise u to buy stock?
After uncle finish collect and start dispose .. xD
2021-07-16 14:10
Let's me explain importance of mass vaccination! If 80% are fully vaccinated, our hospitals will see very few Covid patients! Data already show us that Pfizer is the most effective! Our quarter million medical workers who are constantly expose to Covid, only less that 1% are infected! And very few end up been hospitalized! Very few!
2021-07-16 14:12
Wasting my time to read all his craps. Don't trust anything on this guy. Fxxxk
2021-07-16 15:27
KYY published OTB hiap teck recommendation and put a negative comment on the recommendation to prove that he is better. I think this guy is not only unethical, untrustworthy, simply dirt and mud. BEWARE.
2021-07-16 15:53
hehehe, so cute! like little boy asking uncle to buy hacks sweets!
___________________
fengfengfeng uncle, glove cheap already, you want to come back?
16/07/2021 3:53 PM
2021-07-16 16:23
if IJM is doing so badly why they buyback shares everyday? and TS Tan is buying too
2021-07-16 20:35
PH DAP killed the economy. Which bodoh abolished gst? Fake accountant LGE
2021-07-17 10:37
Is a signal to start buy in to accumulate wealth.. when mr koon say dont buy.
2021-07-19 09:36
gohkimhock
S&P 500 is hitting fresh record highs almost every day. Investors are now looking more at the macro economy. Don't just stuck at Bursa Casino.
China's GDP grew 7.9% in the 2nd quarter. Retail sales rose 12.1% in June from last year.
Whatever it is, just ride the bull.
2021-07-15 17:52