From Pacific Star Lowyat chat group

May 4 2020, 09:34 AM

No VP yet.
Developer never inform when.
Still not sure if STAR is moving in.

Block C is still not yet complete, the crane is still on top.

Apr 30 2016, 04:14 PM
Show posts by this member only | Post #115

On my way
****
Senior Member
502 posts

Joined: Oct 2012



Im pretty sure that even by 31/12/16 we cant get the key. Or else we must inspect the unit extremely careful to make sure the quality is stil there. According to the snp is it by 2016 Q4 too? I bought late.
The Pacific 63 which suppose to hv key by 2015 June but.. u guys can see the progress now. Anyway is has just reached "my highest 18th floor. And we putih-putih kena about extra 50% of gst 6%.. shakehead.gif Because by April 2015, only released about 50% loan, any cent released afterward all kena... ranting.gif

IOIP is now offering discount and rebate up to 30%.
You can wait until discount and rebate hit 40%, will translate into share price be good at 70 sen.

So China is now putting up Unreliable Entity List.
Any company want to sell to China must have no US components.
Surely Boeing and Apple are out.
Surely GM and Ford Cars are out.
Surely soya beans and cotton are out.
Surely everything made by US company worldwide will be out of Chinese market.

If this world can make up of three independent sphere of influence, it would be a safer world to live in.

US and 5 eyes as one group.
China-Russia as another group.
EU as third group.

US$ as predominant currency within its group.
RMB as common trading currency for China-Russia group.
Euro as common trading currency for EU group.

Any country can choose which group it want to be in.
Coming to trading, use appropriate currency when dealing with different group.
In that case, US cannot dictate its term on other country as sole superpower if US$ has lost its predominance.........

Huawei design the chips, and pass over to chip manufacturers like TSMC as OEM.
TSMC bought certain components from US company to setup its factory.
Simply because some components are from US company, TMSC cannot produce chips for Huawei.
With similar logic, no parts are not manufactured in China.
US company buy a screw made in China, so it cannot sell its oil to China because oil rig use one screw produced by China.
How to sell US car to China if steel is produced by China?

Simply put it this way, Donald Duck wants US and China to be mutually exclusive.
Either you deal with China, or you deal with US.
Either you buy from China, or you buy from US.
Either you sell to China, or you sell to US.

Check to find out which is your major trading partners, US or China?
Check and see which country is indispensable to your economy before you take side.

What the hell all these nonsense?
Power to press for any criminal charges or discontinue any charges lies in the hand of AG, meaning present AG and not former AG.
If present AG want to withdraw any criminal proceeding, he should be able to account for it and brave to take responsibility.
Former AG agreed in 'principle'? Written anywhere? Even if so, that does not amount to former AG directed the charge to be withdrawn! Who gave the order? It must come from the person holding office of AG at the material time.

US should allow Governor of New York State to be a participant in WHA next time.
New York is a state in US, likewise Taiwan is a province in China.
Don't practice double standard. Pompeo surely is greatest hypocrite of all time.....

Stock: [ECOWLD]: ECO WORLD DEVELOPMENT GROUP BHD

Nov 29, 2019 11:00 PM | Report Abuse

Why this Ah Gu only see tree, not forest?

Ah Gu says Ecoworld is very strong, very big company because every big town and city has housing projects. Ecoworld has how many and how many millions in cash and inventories. And LKS keep on building more and more houses.
Is it true Ecoworld so invincible?
No!
These fellas only see tree instead of forest.
These fellas only see cash Ecoworld has instead of its massive borrowing.
These fellas only see LKS building more and more houses, but do not know more and more jouses cannot sell.

What else can I say?
Ah Gu is not better than many idiots promising heaven and earth in this forum.
Ah Gu is nobody. Just ask if he still has any cash left?
If he still has money, he should be very happy to buy more and more Ecoworld when it come down to 45 sen, or better still if it is 20 sen.

Why is he cursing everyone with adverse opinion on Ecoworld?
Surely he must have run out of money to buy more.
Surely he has lost most of his money.
Surely he must have stuck all his fortune in Ecoworld.

I have no time for Ah Gu!
When did I ever mention this fella with his user ID?
First time ever I use this pseudo name Ah Gu instead of yeochingu.
See the difference?
I address to general public instead of directing to a particular character.............

Stock: [ECOWLD]: ECO WORLD DEVELOPMENT GROUP BHD

Oct 25, 2019 12:23 PM | Report Abuse

Ecoworld at best is 45 sen. Why?

1. Father buy from son at 45 sen, need not pay for more than intrinsic value.

2. Mountain size debt killing all.

3. Property under Eco Brand not selling for it has priced out of market range (overprice lah)

4. Land cost extremely high. Landbank acquired at prevailing price prior to property slow down.

5. Cost for unsold units keep on adding, interest expenses, depreciation, maintenance cost for landed/ strata condo.

6. Very soon fire sale to clear stock. 5% discount, 10% discount, 15% discount, 20% discount, 25% discount, 30% discount, and finally at 45% discount fire sales.

7. Ecoworld International is another sick child. Medical fees will be unbearable.

8. Many other very well managed property counters with strong cash flow, low land cost, strong brand, trustworthy directors, good dividend pay out, low PE, low P/B. All are having much better prospect than Ecoworld.Why go for lemon when you can find orange for the same price?

Ah Gu = andr ?

Why US Retirement Fund Managers so stupid?
Don't want to invest in China, can always buy more T-Bills and Bonds.
In that case, FED can print less money.
No more QE after QE.
In actual fact, QE means FED want to flood US market with $, which can be easily done if Donald Duck instruct retirement fund managers must buy more T-Bills and Bonds.

Really a big joke created by a big mouth.
Remember when China was in bitter trade war with US, what did this Modi say?
And again in Feb this year when China was hit by Civid-19, the same big mouth talking something big?

Just listen will do, need not pay serious attention to the fantasy claim by Ah Sum Kor........

Make Anthony as guarantor, not govt.
Up to the bank to grant any loan with collateral.
If AirAsia is unable to secure loan, it should go for RI.
Shareholders must solve their own problem.
If they are not prepare to put money into their own company, just sell their shares in the market.
Let those who are prepared to take the risk put in fresh capital.

Seems that Johnson is a young fella around 30 yo.
Able to save 3k a month is nothing big.
Is he married?
Is he staying with his parents?
Let say he is not married, and still staying with his parents, at most he is earning around 10k a month.


Employed in stable industry? No employment is safe under present Covid-19 situation unless in FMCG segment. But again his income will not double when he crossed over to new job!

If what he wrote is true, it may be golden opportunity since 1997/98 economic crisis.
It would be wise for him to settle down with a house to called home!
With 100k saving, prepare to use up to 80k as down payment, go and look for his dream house with 30 or 35% discount, and mortgage payable around 3k a month!
Settle basic needs first.
Be independent in all sense.

Blog: US Fed aims 'bazooka' to backstop coronavirus-hit economy

Apr 2, 2020 12:34 AM | Report Abuse

With coronavirus in play, and US has no means to stop the virus, it will have to lockdown the whole country indefinitely.
US economy will have no chance to recover in next 6 month.

Best timing for China to seek economic decoupling, sell T-bills now, stop trading with the US, stop trading with 3rd country using USD as its value can only heading south.

When USD lost its lustre, US dooms. New world order emerges...........

Blog: Coronavirus Pandemic: Economists warn of 'great depression' scenario in the US

Apr 6, 2020 4:21 PM | Report Abuse

New world order emerges after Covid-19.
UK will be like Russia immediately after Soviet dismantled or at best like Russia of 2004.
US will be like China in the 80's.
China and Russia will rule the world.
EU will kowtow to China begging for trade opportunity.
Australia will be like a dog following its master US for a bone.
India, as usual, will be fence sitter.

AFRICA will be the next growth centre fully benefited from OBOR........

Blog: Coronavirus? China’s commodity imports remain robust

Apr 15, 2020 4:10 PM | Report Abuse

Haha.....
China is clever not to buy more US T-bills, but to hoard more strategic war material just in case Donald Duck resort for war to end deep depression like what had happened in WW II.

Also is good to stock up inventory for economic reason when demand for the commodities is low, thus can buy more with same amount of money.

Most important is to keep out from US T-bills, don't be like a fool again in 2008/9 US credit crunch when China extend a helping hand, but only to be bitten by the ungrateful dog.

Don't underestimate what this Duck can do in order to shift focus of those idiot Americans....He may start war with Iran, or to create military confrontation in South China Sea.He may want to forfeit debts owed to China too.......

Blog: World’s biggest central banks meet as pressure mounts to do more

Apr 27, 2020 11:07 AM | Report Abuse

Salient points from this writeup:

1. Eurozone economies may shrink 15% in 2020

2. 3 Central Banks i.e. FED, BoJ and ECB going to set rules and regulations for world financial order. Ignoring other economies and their voices.

3. No participation of world second largest economy will not bring fruitful expected outcome.

4. FED balance sheet stood at US$6.57 trillion. It may as well go up to US$ 10 trillion when Central Banks of other nation start selling US T-Bills and Bonds. FED need to print more money to buy those unwanted T-Bills and Bonds.

5. US$ very soon will become Banana Currency. And Gold will be US$ 1 million per kg. US dollar collapses and WW III begins.

6. US-China economy will decoupling sooner than expected. May be soon after Covid-19 pandemic, China will say we are not selling these and these to US companies, and we are not accepting US$ as payment. All quotation with third country will be RMB.

Slowly slowly China is going to phase out US$ as medium of trade settlement.
Buy from China? You pay in RMB.
No RMB? Bring Euro and Yen also can.
US$ is no more acceptable.

Want to sell anything to China?
Give you a choice. Receive payment in RMB or US$. Up to you.

China is making preparation to do away with US$.
China is selling US T-bills and bonds.
US$ is fast becoming Banana Currency........

US will have to experience either hyperinflation, or deep depression.
FED balance sheet may be US$ 10 trillion by Dec 2020.
US T-bills and bonds new issues will have FED as sole buyer.
Existing T-bills and bonds will have to redeem. How US govt going to pay if there is no bidder for new issues?

What is there to worry?
If Thai products are price competitive with acceptable quality, US consumers are going to pay import tax.
Need not worry, US cannot produce anything to replace Thai goods.
Donald Duck just know how to quack only. Similar goods produced in US is 4 times more expensive. No way businessmen going to move the factory back to US......

Do you note the difference between leadership of US and China?
POTUS led the attack, followed by its machai.
China leadership has no time to respond to the idiotic action.
Foreign Affair Ministry spoke person is sufficient to counter the morons.
In other words, POTUS is at the same level as spoke person from China Foreign Ministry.

If Donald Duck wish to be treated like one moron, he will be treated like one......

Claim to be third largest economy of the world?
US$6.6 billion for population of 1.3 billion.
Every Indian can get US$5 'financial aid' equivalent to enable TARP Indian version via commercial banks?
I would rather believe RBI should put up 10% equivalent of its GDP or US$ 200 billion to be helpful.
FED can put up a US$ 2.7 trillion rescue package. Why RBI cannot even put up 10% of what FED is doing, but every now and then want to boast it is The Third Largest Economy after US and China?

AA going to bankrupt if govt refuse to bail out.
Antony may not want to call for RI as he might not wish to put good money into dying AA. Just want govt to use tax payers money to rescue him? Just wait and see.

Salient points from this writeup:

1. Eurozone economies may shrink 15% in 2020
2. 3 Central Banks i.e. FED, BoJ and ECB going to set rules and regulations for world financial order. Ignoring other economies and their voices.
3. No participation of world second largest economy will not bring fruitful expected outcome.
4. FED balance sheet stood at US$6.57 trillion. It may as well go up to US$ 10 trillion when Central Banks of other nation start selling US T-Bills and Bonds. FED need to print more money to buy those unwanted T-Bills and Bonds.
5. US$ very soon will become Banana Currency. And Gold will be US$ 1 million per kg. US dollar collapses and WW III begins.
6. US-China economy will decoupling sooner than expected. May be soon after Covid-19 pandemic, China will say we are not selling these and these to US companies, and we are not accepting US$ as payment. All quotation with third country will be RMB.

Yes.
Earlier batches were political/war refugees.
Now they are coming as economic refugees, same as those Vietnamese boat people came in Hai Hong.

If Vietnamese boat people can put in Pulau Bidong, why not these economic refugees?
By providing illegal migrants shelters and jobs, you are committing an offence under Penal Code called Harbouring of Criminals. Employers if found guilty in Singapore are punished with jail sentence and rottan.

If no stern action taking against the illegal immigrants, there will be more and more cases like what we have recently off the coast of Langkawi.....

Haha....
Still think all loans given out stand good chance to recover?
Many property developers and construction companies will fold up.
Many transport companies and airline going to holland.
Many SMEs will close shops.
Many people will lose their job.
Many people will not be able to pay car loan and housing loan.
Many people will default credit card payment.

Govt's revenue from import and export duties diminishing.
Govt's GST and excise duties evaporate in thin air.
Govt's income tax for company and individual will disappear.
Govt's dividend from GLCs and Petronas may not forthcoming.
Govt's out of budget expenditure (by whatever name) already shot to the moon.


What can PM do?
1. Ask BNM print more money (effectively make Ringgit shrinks faster)
2. Ask Treasury issue more Bond with higher coupon rate (Borrow more and pay more interest)
3. Ask Finance Minister to kowtow to China (Get more RMB), as no other western country is in position to lend money to Malaysia.
4. Raise GST from 6% to 15%.
5. Downsize Cabinet.
6. Downsize Civil service from 1.6m to 1.2m
7. Freeze or reduce civil servants (and MP, Ministers) salary by 10%.
8. Temporary reduce govt pension by 10%.
9. Cap CEOs of GLC at 600k a year (i.e. 50k a month) with no other fringe benefits.

When Covid-19 pandemic hit, all must suffer, not just the underprivileged, but the elite too.
PM must take prudent and appropriate action to minimize damage caused to Malaysian economy and suffering to its people.

Malaysian GDP is about rm 1.5T in 2019.
Loss per day lockdown is rm 2.4B. 8 weeks (56 days) total loss rm 134.4B
Just based on lockdown for 8 weeks already wipe off 9% of GDP for 2020.
If slow down of Malaysian economy post MCO to be another 9%, effectively Malaysian economy will shrink by 18% for 2020.

Si lor, die lor, Malaysia surely in deep recession.
How to put more money in share market when whole world experiencing GDP contraction ranging from 10% to 20% ?
How manufacturers going sell their products within Malaysia and abroad when main concern is to put food on the dining table?

So what about Malaysian financial institutions?
Which one is the most vulnerable? Can NPL be at 20%, 25% or even 30%?
Could it be MBSB?
Could it be Ambank?
Maybank or CIMB?
How about Bank Rakyat?

Note: All these are exposed to high risk borrowers.

GDP for Malaysia will go down by at least 8/52 = 15%
If slow down post MCO is taken into consideration, GDP may be less by another 10%.
Recession is inevitable.

What will be the prospect for banking industry? NPL up by 25%?
What about manufacturing sector?
Can AirAsia survive with another 2 weeks lockdown?

So tomorrow Bursa will again down by 50 points .....

Haha....
Still think all loans given out stand good chance to recover?
Many property developers and construction companies will fold up.
Many transport companies and airline going to holland.
Many SMEs will close shops.
Many people will lose their job.
Many people will not be able to pay car loan and housing loan.
Many people will default credit card payment.

Govt's revenue from import and export duties diminishing.
Govt's GST and excise duties evaporate in thin air.
Govt's income tax for company and individual will disappear.
Govt's dividend from GLCs and Petronas may not forthcoming.
Govt's out of budget expenditure (by whatever name) already shot to the moon.


What can PM do?
1. Ask BNM print more money (effectively make Ringgit shrinks faster)
2. Ask Treasury issue more Bond with higher coupon rate (Borrow more and pay more interest)
3. Ask Finance Minister to kowtow to China (Get more RMB), as no other western country is in position to lend money to Malaysia.
4. Raise GST from 6% to 15%.
5. Downsize Cabinet.
6. Downsize Civil service from 1.6m to 1.2m
7. Freeze or reduce civil servants (and MP, Ministers) salary by 10%.
8. Temporary reduce govt pension by 10%.
9. Cap CEOs of GLC at 600k a year (i.e. 50k a month) with no other fringe benefits.

When Covid-19 pandemic hit, all must suffer, not just the underprivileged, but the elite too.
PM must take prudent and appropriate action to minimize damage caused to Malaysian economy and suffering to its people.

Ask yourself, will you fly in near future, say 3 months from now? Fly where? Most countries still close their borders!

Will you fly 6 months down the road? You want to take risk as many destinations in countries AirAsia fly may still consider extremely high risk.

Can AirAsia survive without govt bailout plan?
Virgin Australia closed down yesterday.
Virgin UK seek bailout money from its sunset country run by idiot PM.

Should Malaysian govt bail out AirAsia?
To me, answer is NO!
Why?
Check the record on its Principal Officers.
What had they done make me feel sad and angry.

So, how much is AirAsia fair price?
You make your own intelligent guess.......

With world crude oil price plummeted to negative $40 per barrel for WTI in last day May futures trading, and Malaysia lockdown, coupled with all oil refineries shut down, I am just wondering why HYR still can hold at 3 ringgit.

I am not sure how HYR treat its inventory, is it first in last out? Is it last in first out?
Anyway, HYR must reflect market value for its crude oil inventory, which could be up to 60% off.
Petrol pump price may drop below 1 ringgit per litre this Friday. So HYR may suffer another big loss in revenue.

Should HYR fair price is at rm 1.50 or even lower?
Up to you to make an intelligent guess.

https://oilprice.com/Energy/Oil-Prices/Whats-Next-For-Oil-As-Prices-Go-Negative.html

Only Alliance Bank assets at risk?
What about Maybank loans?
Are they not toxic?

How much NPL for Malaysian financial institutions? 15%? 20% or 30%?
Renong was once considered too big to fail.
How about GLCs now?

WTI down to $15, and proceed to $10 all the way.
Gold $50k per kg, all the way to $ 1m.
FED QE after QE, then proceed to unlimited QE.
FED is buying up junk bonds issued by Boeing, Exxon, etc.
It is even more toxic than TARP.

It is safe to park your money in Poh Kong.
Under MCO, Poh Kong not opening up for business, but gold bullion in its safe/ strongroom appreciates regardless workers stay at home or not.
You will see value of its inventory balloon sky high........

Still think US families enjoy high standard of living?
High cost of living? Yes!
High quality of living? No!

Many families in US are without broadband.
Many families in US are without computer/labtop/smart phone.
Many school children do not know how to use computer.

Yes. Some US students are smart.
BUT more are IT illiterates........

What are the lessons learnt?

1. Save more on sunny days. Not everyday is Sunday!
No saving? Don't blame others but you ownself.

2. 人离乡贱 故乡月更圆

Very soon oil companies in US may have to pay for 'old newspaper collectors' to take away the rubbish.........

Expected lah.
No where to store US oil, want to sell also no buyer.
That is the reason Donald Duck mati-mati wanted Saudi and Russia to cut production.
You think this Duck want to save oil price?
I think he just want to ask people help him to find storage for US oil.
WTI is 50% discount to Brend.
One is produced from US soil, the other is from European/Arab soil.
Still remain some storage capacity for Brend because China is shifting oil back home.
US oil? Let it pollute US Gulf and Donald Duck can claim another 200 billion USD from oil companies........

Five eyes are forever trying to blame others.
UK, US, Canada, Australia already starting to point fingers at someone else.
Only leave New Zealand waiting to start raising its hand.

Can't help. If you don't obey order from Donald Duck, you will be penalized....

I have no doubt India will be the next epicenter!
Yesterday new cases rose beyond 2k.
Very soon will be 10k per day all the way to 50k per day.
That may happen in next 2 months, and Modi still talking of opening up India by May.
What a joke...........

Do you spread rumours to cause fear when there is no concrete scientific proof?
Better wait till facts are established before any announcement, this was what WHO actually did!
When was WHO informed about unidentified new virus? 31 Dec 2019.
When was DNA sequencing and isolation for the unknown virus (later named Covid-19) published by China?
When was human to human transmission established and announced by WHO?
When was first case of Covid-19 happened in countries like Malaysia, Singapore, US, UK etc?

Don't put blame on anyone except yourself for failing to take precaution and appropriate preventive measures. China already show the world how it fought Covid-19 and won by locking down the entire city of 11 million population. Many countries follow the path because China already show them the way, the truth and the life that no one can imaging.

Malaysia should send more doctors to help UK fight Covid-19.
UK has now derogated from colonial master to an undeveloped world when Public Health England dare to ask doctors and nurses to wear aprons to treat coronavirus patients.
For the failure of idiot PM Boris Johnson who advocated herd-immunity, 50 precious lives of UK doctors and nurses perished for no reason.....

Haha.....
China is clever not to buy more US T-bills, but to hoard more strategic war material just in case Donald Duck resort for war to end deep depression like what had happened in WW II.

Also is good to stock up inventory for economic reason when demand for the commodities is low, thus can buy more with same amount of money.

Most important is to keep out from US T-bills, don't be like a fool again in 2008/9 US credit crunch when China extend a helping hand, but only to be bitten by the ungrateful dog.

Don't underestimate what this Duck can do in order to shift focus of those idiot Americans....He may start war with Iran, or to create military confrontation in South China Sea..

Are law firms so desperate to make money at the expense of public at large?
These fella have not much to lose other than rental, clerical staff salary, and loss of revenue. They don't need to write off 'inventory' or 'restarting cost' for machinery. What more they can just carrying out their business from comfort of their luxurious home!

Malaysian Bar is one of the most selfish business-minded body by requesting special treatment to further enrich its members. It should has a big heart as how its members can help those underprivileged to have food on the table. I have not heard any good news from any law firms to donate a single sen in fighting for the survival of the most needy.

If Malaysian Bar succeed to open up members' doors for business, plantation and construction workers are more eligible to start work. Same goes to factory workers and all the SME. They need money more desperate than the elite lawyers........

Aiya. Talk so much what for?
You don't know crude oil supply outstrip demand meh?
You don't know unlimited QE may add another 10T USD into the market meh?
You don't know Americans no need to work but can simply survive with govt handout meh?
You don't know Americans will all turn out to be beggars meh?
You don't know USD is going to collapse meh?

How come you don't know this world will be flooded with $ and hyperinflation is on its way?
How come you don't know gold will be traded at $1 million per kg very soon?
How come you don't know international trade may be in RMB, Euro and Yen instead of $ very soon?

$ will become banana currency in 2 years, by then to buy a loaf of bread will need one gunny sack of $ like Venezuela or Zimbabwe........

Anyone wish to recommend a stock may do so, but promoting every day and night non stop already gone overboard. It amounts to brainwash, what more if they gang up trying to reinforce each other with intention to lure newbies into the trap.

When a particular counter has been over promoted, and with so many 'experts' putting up articles after articles to reinforce each other, that will create a fake sense of confidence among followers. (三人成虎)

What happen when the confidence collapses, the consequence will be far more severe than if the share had never been promoted in the first place. Fake hope give rise to over-confidence to sailang and sialang with OPM.

I have no intention to condemn anyone if promotion is done in appropriate manner and in good faith.Putting up one or two 'research paper' is sufficient. Need not go to the extend of psy-war to achieve your desired outcome..........