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2 comment(s). Last comment by calvintaneng 2021-04-12 17:43
Posted by calvintaneng > 2021-04-12 17:43 | Report Abuse
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Good Articles to Share
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PrecisionCleaning
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save malaysia!
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CEO Morning Brief
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CEO Morning Brief
Pertama Digital Hits Limit Down Again, Unable to Explain Latest Decline
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
calvintaneng
56,242 posts
Posted by calvintaneng > 2021-04-12 17:35 | Report Abuse
NO!
Cannot follow Kenanga to holland
1) Banks got loan moratorium and later Very high NPL as many will default in payments
2) Warren Buffet seeing danger already SOLD OFF MOST OF HIS BANK SHARES
3) In Iskandar Banks have lent out Rm20 BILLIONS TO RM30 BILLIONS FOR MANY WOULD BE GHOST TOWERS
These Condos are now practically empty especially in Medini
Liar loans like 110% loan to cover down payment now not serviced as people jus walked away
200 Blocks of Condos with Units from 300 to 800 now in danger of default
Bank auctions already see discount of 40% to 50%
Later will end up as NPL
4) So better avoid banks. Best to sell off now before bad debts unravel
5) EPF, ASB & PNB all selling Maybank shares and EPF also selling Public Bank
AVOID BANK STOCKS NOW AND DON'T REGRET LATER!