怕胜慢慢死

Siapa cakap Parkson Malaysia tak mati?
Jika tak mati pun hanya tiggal separuh nyawa sahaja.
Mati enggan hidup segan.

Parkson Malaysia going to close shop.
How come you don't know?
Still think PRA going to make money?

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?

If US govt can render support to Hongkong rioters (aka criminals or reclassified as terrorists), it should not invade Libya or Iraq for their support those who attack US homeland.

Clearly US is practicing double standard in all aspects to fit into its political agenda. What a shameful american like 5 Pence.......

Damp stupid Pence like to 'transform' Chinese govt.
Does he mean to topple present govt through Hongkong unrest?
How come he doesn't know it is Donald Duck who desperately wanted a trade deal?
Duck started trade war, and this Duck wants to end it so desperate that he prophecies outcome of trade talk before it starts.
Easy to win trade war? My foot!
China's contention is Donald Duck will never win trade war.
President Xi already launch 'Long March' against US, and everybody knows Long March was a very long hard fought campaign with a lot of sacrifices, but final outcome is bitter victory to China. Thence on, US will be derogated to tier 2 power, just like Britain now......

Set up your own CPI.
CPI varies with different age groups and different requirements.

For young people yet to get marry, entertainment/ eating out/ excursion/ overseas travel may be heavier components.

Young couples with kids will tend to have high weightage spend on kids.

Retirees will have different set of needs, especially on travelling, entertainment, health care, car replacement etc etc.

Young people should have a set of goals as how their retirement should be. Project estimated cost at the time of retirement 30 years down the road. Work out saving schedule, and give a realistic inflation rate as how much will be required at the first day of retirement.

Using official inflation rate will kill you half way through your retirement. Check with your parents (if they are staying on their own) to see actual rate of inflation based on their needs.

Do you really think inflation is at 1.1% YoY?
Do you send your car for services? How much was the charges compared with last year?
Do you go out for dinner? Increased by only 1.1%?
Have you renovate/ repair your house this year? Still the same charge?
Do you send your children for tuition? Tutors never ask you to pay more this year?
Do you send your kids to minder/ nursery? Never bother to ask how much more they charge?

All CPI is only good on book - Govt's book, not yours.
If the rate of inflation is so low, employers have the justification to give you a 2% salary increase.
If you want to plan for your retirement, and if you use govt figure, surely you are planning to fail!

GDP grow by 4.7% this year?
How come I don't feel it?
How come business is getting worse and worse?
How come I only feel inflation, not salary increment across the board?
How come so many people could not find job?

Do you believe our economy is going to improve next year?
Do you believe our CPI inflated by only 1.7% yoy?
Do you believe you will be better off next year?
Do you believe 明天会更好?

RM 671 million for sports?
OooooooMyyyyyyyyyyyyGodddddddddd OMG.... OMG..... OMG...........

Suddenly I found Malaysian Finance Minister is so rich and so generous.
Please lah, spend money prudently.

What you need to spend, you spend.
What you need not spend, please don't spend a single sen more than necessary.

Many 'Wants', how many actually 'needs'?
A lot of wishful listed not worth to have second look. Use your discretion and cow sense to make good decision.

You mean you want all foreigners to buy up all properties in Malaysia?
What the hell you need to lower entry property price for foreigners to 600k?
Has been 1 million entry price for donkey years to safeguard interest of Malaysian, and by one stroke you erase all the good effort by your predecessors to keep house price low. You should have increased entry price to 1.2 million instead of lowering it, taking into consideration inflation and earning power of foreigners in their home countries.

Is it not the govt's intention to make housing more affordable?
You have demanded developers to reduce by at least 10% last year when GST was removed.
Now with so many unsold units, surely developers will have to reduce further to make housing even more affordable.
Where is the consistency regarding National Housing Policy?
Should you not taking this opportunity to make some developers(Fly by night) bankrupt and let fire sale take its course?

Remember Perwaja?
Remember Renong?
Don't make another blunder and need tax payers to foot the bill.

If you can advice people to step down, what if other head of state advice you to step down?
What is your response?

Good move by Hongkong govt.
Next is to declare curfew every Friday and Saturday nights.

Hongkong is already dead.
Have you not seen video clips that rioters can singled out any person and attack him, irrespective how old the victim is. At least 5 video clips that went viral involving senior citizens older than 60 years old were undiscriminately and brutally attacked.

What the hell when developers trying to fulfill the aspiration of govt's effort 'Build then Sell' and 'To bring down housing prices to a more affordable level', and we still have people asking for govt's help to hike up the house prices?

Market is very fair. What goes up must come down.
Why so many people don't know?
Supply and demand ensures price dynamic equilibrium follow market environment without interference.......

Population of Malaysia 32 million
Serving Civil servant 1.7 million
Govt pensioner 812K

That is to say 2.5 million to be fed by number of workers excluding 2.5m (Govt servant + pensioner), less those students (10m), less those above 60 years old non govt pensioner (2.6m) = 16.9m

That is to say, for every 6.76 able-body irrespective whether they are working or not, have to support 1 serving govt officer or pensioner.

If you minus those drug addicts, those serving jail sentences, those OKU, those housewives, and those voluntarily unemployed, working population may be even much less.

If you want add to those retirees (above 60 years old and non govt pensioners) about 2.6 million, very likely for every worker (excluding civil servants), he would have to feed more than 3 people excluding himself.

So, it is wise not to depend on your children for financial assistance when you are old. Just let them struggle to feed themselves and their family............

Govt eat shit!
Just imagine you bought a house 30 years ago at age of 30, now you are 60 years old and retiring soon.

You may want to sell your house to supplement income from your EPF, to foot your medical bills, to settle any outstanding loan etc etc.

Let say you bought your house at 100k, after 30 years patiently pay off your housing loan, at compounded rate 6% appreciation, your house should worth around 574k (may be inclusive of subsequent renovation). Just imagine after keeping for 30 years, you still have to pay (574k-100k)x 0.05 = 24k as RPGT !

In other words, govt is killing all retirees by robbing them their hard earned and hard saving. Lim Guan Eng suppose to help elderly like his father (of course his father already very rich), but instead he is killing them financially.

Lim Guan Eng also is the person killing housing market. He forbid young people to buy smaller starter home as RPGT after 5 years will deter young couples from upgrading to a more decent home. Why should you pay for smaller starter home, only have to upgrade 6 or 7 years later when you can afford a better home?

Lim Guan Eng not fit to be Finance Minister. He is not helping Malaysian economy by pulling hind legs. He does not know when Japanese Yen is at the low, no way he should borrow Japanese Yen only to pay back when Yen moves up in next 10 years......

Hongkong police is ill-trained.
They don't know when they should act like an effective law enforcement officer.
They don't know they have the power of self-defense to the extent of causing death, even if they are not police officer. Worst still when they are police officer wearing police uniform and being attacked but dare not take action according to power vested unto them!

What the hell rioters can attack police station with petrol bombs?
Remember Bukit Kepong incident when Police Station was overran by CTs?
It could be the same if Hongkong police is weak as to let the rioters overrun the HK Police HQ !!!!!!!!!!!

What a shame to HK Police !!!!!!!!!!!!!!!!!!!!!

When Japanese Yen is weak, Govt of Malaysia wanted to borrow in Yen denomination.
If using new Yen borrowing to pay for USD debt, you need to borrow more to retire lesser amount of debt.
If you need to bring home Yen borrowing to help development project in Malaysia, you are getting less in terms of Ringgit.
When Japanese Yen appreciates, you will need to pay more in terms of Ringgit.

Why can't you borrow more USD now as the currency is grossly overvalued right now, and when the future of US economy heading for crash, and FED is on the way to loosen interest rate thus killing USD exchange rate, all indicators pointing towards a lower dollar regime for next few years to come.

Only when we have some idiots wish to borrow when the currency is weak, and pay back when that currency goes sky high in near future.

How Malaysia not going bankrupt if Finance Minister don't even know a shit on economy?

Substandard quality PH ministers.
Were they told to record a Malaysia Day video clip before hand?
Were they not aware they may be requested to say something on Malaysia Day 'Celebration'?

They are simply insensitive to things happening around the country.
If they are to sit for General Paper for HSC, do you think they can pass?

Yes!
New tariff mostly on consumer goods which have severe bearing on US voters, and that makes Donald Dick chicken out...........

FB is stealing personal data.
Google is stealing.
Microsoft is stealing.
Apple is stealing.

How come you don't know?

Luckily China know that long time ago, so President Xi banned all the thieves from operating in China, except Apple for its contribution to Chinese economy.
As trade war escalates, Apple will be banned too.
Everybody goes to Huawei phones in no time.
Apple can just pack and go back to Donald Duck homeland to lay its rotten eggs....

Why so smelly here?

Shit here shit there shit every where.
Shit yesterday shit today shit everyday.

Take in rubbish pass out garbage no wonder meow-meow forum is so stench!!!!!!!!!!!!

You still want to believe in Donald Dick?
He belongs to 4th Class of human being.
4th Class share common characteristics, flip-flop in decision, generally not trustworthy, self-centered, telling lies 99% at all time.

So, you will see new tariff at 30% on 250 billion worth of goods by 15 Oct, 15% tariff on remaining 300 billion on 15 Dec.

He will increase tariff on all import from China (total 550 billion) at 40% by 1 Feb 2020 latest, and to 50% before US election by Nov 2020.

Consequent to his idiotic action, US will sink to recession by 2nd half of 2020.
By 2025, China-US economy will decouple, with no direct business done between both countries. All transactions will need to go through 3rd country. By then, China GDP may be 2 times as large as US. China will claim back glorious history of Han and Tang thousands years ago..........

Must be a big joke!
Up to this Dick to say whether he will impose 50% tariff and reduce to 45% or otherwise.

China should not heed to what this dick to portray as 'goodwill'.
Go back to what it was as 31 May.
Any additional tariff after that date should be considered not helpful for trade talk.

Who offer?
Minister or developers?

The developers have been marketing relentlessly worldwide to hard sell not just to Hongkist, mainlanders, Taiwanese and Singaporean.

It was the govt flip-flop policy on MM2H that deter many potential buyers, just like what is happening in Forest City right now.

Yes. Residential properties in Malaysia still very affordable, and can be considered very cheap relative to those places mentioned above. But why Malaysian residential properties no longer attract those buyers for past few years?

Flip-flop policy for foreigners to own those properties could be the main reason.

What nonsense is this? Malaysian houses too expensive?
Read below to see how a 36 yr old sales executive , earning RM 3800, has a non-working wife with 2 children, can buy 2 condo worth rm 800k each.

Learn from him and not everyday blaming on others........


https://klse.i3investor.com/blogs/sinchew_company_story/224305.jsp

I am not denying many Malays are poor.
Likewise many non-Malays are as poor too.

Contrary to what you may think, Malays are not poor!
85% to 90% of govt servants are Malays, i.e. 1.36 to 1.44 million are govt servants earning more than market average salaries.

Not to forget most high rankings are monopolised and these posts earn C-Level salaries in corporate world.

What about those in GLC's?
What about CEO's in sub-sub subsidiaries of GLC's?

Check out yourself during fasting months.
Why restaurants in all 5 star hotels are fully booked for Buka Puasa?
Need not have PhD in Economics to get you the answer.........

Let Hongkist young barbarians kill themselves slowly.
Injuries are self-inflicted, will bleed to death in slow and painful suffering......just like committing suicide taking paraquat, surely will die with alimentary canal burnt and perforated no matter how good the doctors are.

MCA is now a mosquito party.
Still thought of its glorious history?

Too bad if we have mad dog shits everyday in i3.
England powder not good.
Use lah Malaysian powder!

Learn England powder in UK, not i3!

Dog poo stinks

Don't shit here everyday!

It was because Donald Dick and his lieutenants press down Malaysian Ringgit from 2.30 to 4.10, effectively they have robbed you and me 78% of our wealth, I will forever not forgive these robbers who portray themselves as Santa Claus to the Third World like Malaysia.........

If Donald Dick thinks it is not fair for so many countries to have their currencies 'manipulated' and 'taking advantage' on US, hence 'robbed' US 500 to 600 billion dollars every year, he should initiate Operation Overlord to overload world economy with more trillions of US fiat dollar.

If he can press down 1 USD to 1 RMB, he would have saved not only US economy, but poorest countries Like Zimbabwe or Somalia....

Pray hard one day 1 ringgit can exchange for 2 US dollar.
Then our GDP will appreciate 8 times overnight...........

US dollar too strong, that make many countries currency appear to be undervalue.
US dollar index rises from 72.5 in 2011 to 98.8 is 36.3% increase, whereas RMB to USD came down from 6.2 in 2011 to 7.16, only depreciated 15.5%.

Look at US Dollar Index chart, I believe RMB is best value at 8.2 to a dollar.

https://finance.yahoo.com/currency-converter

Stock: [HENGYUAN]: HENGYUAN REFINING CO BHD

Dec 31, 2017 09:31 PM | Report Abuse

When did Hengyuan pay dividend for the last time? 2013?
When do you expect Hengyuan to pay dividend again? 2023?

Like all Red Chips, if you still think Hengyuan is making 5 ringgit or 10 ringgit a year, and expect windfall dividend, you might as well wait for Xinquan to declare a 10 sen dividend.

Sama-sama lah, all are red chips.

Don't believe, check CAP, Maxwell, CSL, Xinquan, Xinghe, Kanger, CNOuhua, all were PE 1.5x, and all cannot afford to pay dividend.

Later on fire will break out in their factories/ refinery.

Be careful, when major shareholders start to unload, it will be like Maxwell owner selling her share at 2 sen.........

Rubbish attracts houseflies.
See all the shits left by the housefly?
No substance, mere shits everyday...........

Of unsound mind

Donald Dick imposed 30% tariff on 250 billion imports from China effective 1 Oct 2019.
Another 300 billion at 15% tariff effective 1 Sept 2019.

Now you must 100% convinced Donald Dick is in fact is a 4th category human being.

4 categories of Human being:

1. 100% trustworthy - a credible and reliable person at all times
2. 75% trustworthy - a credible and reliable person most of the time.
3. 50% trustworthy - not credible and not reliable person most of the time.
4. 25% trustworthy - not credible and not reliable person at all times.

England powder still kicking?

England powder no good.
Eat England powder your head will grow big.

PN17 counters only good for 2 or 3 sen
2 years later will be delisted

England powdee no good.
England powder make your head big!

Be like Tun M, you should retire at 94.

England powder still kicking?

Response from China:
1. No more US farm produce for Chinese market
2. Let RMB find its own equllibrium without interference from Central Bank. RMB may go to 8 for one USD.
3. No more rare earth minerals for US.
4. No more Chinese tourists heading for US.
5. Selected US companies will be placed under Unreliable Entity List.
6. Unfriendly US companies will be facing sanctions and curtailment to operate in China market. That could include all fast food chains like KFC, McDonald, popular soft drink like coca cola etc.
7. Depend on which side Apple taking side, either you want to remain relevant in China market or not is up to you to choose.

Q1 makes 2.46 sen. Annualized is 9.84 sen.
PE 10, fair price 98.5 sen.
PE 15, fair price is 148 sen.
PE 20, fair price 197 sen.
PE 25, fair price 246 sen.

So what do you pick? PE 15? PE 25?

If you take into consideration dividend 17 sen.
Times cover? Negative man!
Not prudent way to pay out more than what you earn!
Not sustainable.

Crude oil is on the way up.
Unless can get better selling price, profit margin will squeeze further.
Play safe, buy at PE 12 to 15.
You may see PE deteriorate next quarter............