Posted by mf > 2020-03-05 08:40 | Report Abuse

Coronavirus live updates: California declares state of emergency following first fatality

Posted by roszali > 2020-03-05 08:43 | Report Abuse

Umno man's wishlist for new gov't includes bringing back GST at 3pct, toll abolition
2 Mar 2020
Umno supreme council member Armand Azha Abu Hanifah said his wishlist for the new Perikatan Nasional government includes reintroducing the Good and Services Tax (GST) but at a rate of three percent.
This is half of the rate when the BN government introduced the GST in 2015, which was subsequently reverted to the Sales and Services Tax (SST) by the Pakatan Harapan government in 2018.
"I will personally convey these items to the party leadership for the wellbeing of the people," he said in a statement.
The proposed GST at three percent is one of 20 items Armand (photo, above) said he has on his wishlist.

Posted by strattegist > 2020-03-05 09:15 | Report Abuse

sawadikapppp

Posted by Cindy > 2020-03-05 11:14 | Report Abuse

gst again so sad

Posted by EatCoconutCanWin > 2020-03-05 13:09 | Report Abuse

GST will not implement in this time as malaysia economic in down turn

Posted by roszali > 2020-03-06 11:59 | Report Abuse

dahsyat guy introduce Gst

Posted by prince4 > 2020-03-06 16:43 | Report Abuse

Covid-19 and politician unstable make economy slown down fundamental company metamorphism ,expect local and foreign funds money would not flow in big cap and mid cap stock because everybody scare buy high losses money . In this few month expect Funds manager money would flow out in bigcap and midcap stocks and will short selling midcap stocks for make money so now no prospects cannot buy and hold .
market stock RM5.00 drop to RM 2.00 ,followed RM2.00 drop RM1.00,followed RM1.00 drop to 50 cent,followed 50 cent drop to 20cent ,followed 20 cent drop to 10cent ,followed 10cent drop to bottom.
This is a opportunity markets money no longer will flows in cheaper stocks sharks will goreng lows price stock at bottom..

Posted by KINGCOBRA3 > 2020-03-09 08:55 | Report Abuse

wah...opening drop 2s!!!

Posted by strattegist > 2020-03-09 09:50 | Report Abuse

wooooot wooooot...

Posted by strattegist > 2020-03-09 10:57 | Report Abuse

lai lai li tamplong..

Posted by investopology > 2020-03-09 14:36 | Report Abuse

i thought abcdefGst coming? ifcamsc good buy at this level. gogogo

Posted by strattegist > 2020-03-09 14:40 | Report Abuse

puing puing puing...bang bang bang...gedebam gedebom

Posted by investopology > 2020-03-09 15:03 | Report Abuse

ok took 305 and 31c. rebounding soon.

Posted by KINGCOBRA3 > 2020-03-09 20:47 | Report Abuse

2morrow another day ...waterfalls

Posted by strattegist > 2020-03-10 11:09 | Report Abuse

relaxing...

Posted by strattegist > 2020-03-10 12:18 | Report Abuse

gedebam gedebom...

Posted by strattegist > 2020-03-11 12:22 | Report Abuse

puing puing puing...

Posted by pampers > 2020-03-11 12:34 | Report Abuse

I once made some big money here when BN implemented GST few yrs back ago, hope the chance will come again.

Posted by Vess88 > 2020-03-11 14:14 | Report Abuse

https://www.malaymail.com/news/malaysia/2020/03/11/muhyiddin-says-will-study-calls-to-bring-back-gst/1845352

Posted by pampers > 2020-03-11 15:06 | Report Abuse

The current government needs to bring back GST to cover the deficit that caused by the low oil price. So censof will be a good bet also, but just to be the safe side, Ifc is a better bet since fundamentally it is way better than cesof.

Posted by strattegist > 2020-03-11 15:14 | Report Abuse

gedebam gedebom...

Posted by strattegist > 2020-03-11 17:47 | Report Abuse

nguit nguit...

Posted by Bull13 > 2020-03-11 17:50 | Report Abuse

If the govt bring back GST at 4%. And abolish the silly SST of 6% , the rakyat will feel the immediate impact to their cost of living. More will support this govt. less burden to rakyat and govt will be able to increase their revenue slightly. That is the correct way to go.

Posted by DickyMe > 2020-03-11 17:53 | Report Abuse

Bullshit!

Salary 1000, GST RM60 for government, your money worth only RM940.
Salary 10000, GST RM600 for government, your money worth only RM9400.
Salary 100000, GST RM6000 for government, your money worth only RM94000.
Salary 1000000, GST RM60000 for government, your money worth only RM940000.
.....

Posted by DickyMe > 2020-03-11 17:56 | Report Abuse

Majority wage earners under RM3000

Salary 3000 GST 180, balance 2820.
Cut EPF, CUT SOCSO, CUT loan kete, umah,
Adoooiii..nak beli spender pun tak der duit, spender pun kena GST.

Posted by kmwong8711 > 2020-03-11 18:43 | Report Abuse

No choice have to start back GST if not next year really less tax revenue from big corporate and SME business company

Posted by strattegist > 2020-03-11 18:48 | Report Abuse

puing puing puing...

Posted by Shah Rin > 2020-03-12 09:23 | Report Abuse

gst is coming

Posted by strattegist > 2020-03-12 09:56 | Report Abuse

puing puing puing...

Posted by strattegist > 2020-03-12 17:32 | Report Abuse

gedebam gedebom...

Posted by tressele > 2020-03-12 19:12 | Report Abuse

Tomorrow shoot up abit

Posted by strattegist > 2020-03-13 08:30 | Report Abuse

FRIDAY THE 13th..... woooooooooo

Posted by strattegist > 2020-03-13 10:50 | Report Abuse

gedebam gedebom...

Posted by tressele > 2020-03-13 17:02 | Report Abuse

Monday will rebound kuat! Dow future is greeennnn

Posted by strattegist > 2020-03-13 17:29 | Report Abuse

yeahhhh... puas kutip woiiii...

Posted by John1234 > 2020-03-14 10:13 | Report Abuse

This counter is now back to my radar screen as it has dropped below 30 sen.

I started to nibble at this counter again at 25 sen yesterday for a good trading opportunity, armed with the option for dollar cost averaging should I need to top up more when the need arises.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3028506

Posted by strattegist > 2020-03-16 09:01 | Report Abuse

puing puing puing...

Posted by John1234 > 2020-03-16 11:32 | Report Abuse

Frankly this is already an oversold mkt, spooked in large part by the operator on mkt fear. The bulk of the weak selling should be over by now.

As much as the operator hopes to goreng it lower, we will not know for sure how low he can "churn" it to. So, we must have a trade plan to navigate in this volatile mkt environment.

The trade plan can be something like this, eg buy at 25 sen, 20 sen, 15 sen, 10 sen, etc, with more buying at much lower prices. Of course, we must have a holding period(eg 2 years), long enough to last until the mkt price is above our average holding cost for a profit.

Not for the novice investors. Also, not recommended for contra trades too.

Posted by John1234 > 2020-03-16 15:37 | Report Abuse

Wow, it dropped 5.5 sen, 21%, to 20 sen just now. Too bad, I missed it...See if I can get it later...

Posted by John1234 > 2020-03-16 15:51 | Report Abuse

At a time like this, just sit back and relax..no need to rush in to panic buy...

Posted by John1234 > 2020-03-16 17:37 | Report Abuse

Oops, my 20 sen buy queue not done. The mkt operator churns so much trading vol today, but never throws it to me at closing. Never mind. I can wait...

I had my own reasons for choosing this counter:
1. It was trading in the low 20s sen, easier to carry out my trade plan.
2. Its NTA per share was 20 sen(as at end 2019 report), supported with a cash hoard of approximately RM 75 million.
3. It has been making profits for most quarters, with a 1-sen dividend to be announced at a later date.
4. It operates mainly in Malaysia and China. China has just recovered from the peak of the Wuhan virus, unlike USA.
5. Others, eg GST theme?, strategic partnership with Huawei at a discussion stage

Just my views. Buy and sell at own risks.

Posted by DreamKentut > 2020-03-16 17:38 | Report Abuse

Tech industry is a support system to core businesses.
Therefore there is no much hope until the "REAL" businesses bounce back.

Hibernate!

Posted by mf > 2020-03-16 22:42 | Report Abuse

Oil drops 10%, breaking below $29 as demand evaporates

Posted by John1234 > 2020-03-16 22:42 | Report Abuse

I believe my plan can work in all circumstances, except if the company becomes insolvant, which is very unlikely. When pp get fearful, I become greedier. Ultimately, this virus scare will blow over one day, when a vaccine is developed.

Posted by KAQ4468 > 2020-03-16 22:44 | Report Abuse

what is your plan ??

Posted by mf > 2020-03-16 22:45 | Report Abuse

sell

Posted by jennychin > 2020-03-16 22:46 | Report Abuse

Bursa market close tomorrow lockdown ?

Posted by John1234 > 2020-03-16 23:23 | Report Abuse

Do not listen to hearsay. Pls read to understand better...
https://www.thestar.com.my/news/nation/2020/03/16/malaysia-announces-restricted-movement-measure-after-spike-in-covid-19-cases

---------------------------------------------------------------------------
jennychin Bursa market close tomorrow lockdown ?

Posted by mf > 2020-03-16 23:25 | Report Abuse

As oil prices tank, BP CFO warns demand could be negative in 2020

Posted by John1234 > 2020-03-17 07:59 | Report Abuse

Someone posted oil price outlook. I do not understand how this will affect the performance of this company, except that low oil price would mean a lower electricity bill for the company, which is a plus point. Lol.

Poor oil demand is an end-result of the Colonavirus, which is already reflected in the share prices of Bursa counters.