aeh aeh aeh ... good ni ... orang mari ... think next monday onward .. here mau jadi kopitiam liau la ... hehe.... when jadi pasar punya masa tj kikikikii la
I really would like to get my hands on a EnO property. Had couple of cigars at St Mary residences but nothing like owning one apartment there......remains my dream and timing still isn't good and seems elusive
My only consolation is St Mary is in KL Central and as is KL Central property has got to be selective. Security must be tops and no two ways about it.
My view of KL Central, is one which is becoming similar to Jakarta. High class community is only good within gated and living amongst the community. As is, security moving around KL City is no longer like before. During the day, it's a business community but in the night, the society changes. Security is only good within the gated community or malls where the premises are protected. And soon, soon it will be exactly like Jakarta, where only certain transportation and places can be openly trusted especially in the night.
While we move into the era of complex community, city property valuation continues to escalate. This is simply because the community has become one which is decentralized. Decentralized because Large malls have already move away from the city center however transportation today has not reach it's optimum point. All transport is still centralize in KL ie KLSentral while the lrt and mrt network is still limited and it's integration to feeder busses coverage are poor. This brings transportation users to park their car at the closer station instead of taking a feeder bus. This is all true today, but in the coming years the real decentralize will live up to its meaning when the transportation network (with or without integrated feeder busses) becomes more mesh in their coverage and reachability. This also means that, as the MRT projects move on in phases, the property value will automatically escalate as more and more values are added into the transportation, it's ease and value added services which in turns makes seamless for the users.
When that happens, you can be sure that the valuation will not be one which escalates in value the nearer it gets to KL City Center only because with a well mesh MRT network lines and a decentralize business district , the commuting will be both ways.
Why is it important for Property Developers to do a M&A during these trying period? M&A essentially means consolidation and regroup. When put in the right context, it really means making more efficient use of assets and effectively ensuring those sunken cost deliver to optimum. Normally when a M&A happens, there could be surplus of redundant skill and work force. Not forgetting a growing company will be saddled by high operating cost during sudden turn in economy or govt policy as in Malaysia' s case, will have no alternative but to maintain the bottom line for survival at best. This survival will depend on the cash flow and incoming unbilled.
On a more optimistic view, we are in a globalize world. This means that not all monies transaction can be seen by Bank Negara. This is so because not all money transactions and loans to developers go thru local banks and may even be transacted before coming in to Malaysia especially those involving China and ICBC. If such is the case, we may only see the value of business brought into Malaysia and the jobs it provides but not the real transaction.
With the remimbi now hub in Germany, this could also be a sign of the Chinese moving more business to Europe. This is so because you normally do not want to your business to be affected by net exchange losses due to currency exchange. Even as is, the view of a recovering Europe continent also can be viewed like a turnaround stock counter where the promising uptrend can deliver whatever that is already at rock bottom.
This bring me to my next point which is Malaysia and where we stand. Malaysia is unique in the sense that we are a more emerging country compared to Thailand and Indonesia. One being that it sits on the continent and is more stable than Thailand and second, it's still a developing country compared to Singapore which means the exposure and property asset values has not mature. In recent times, a lot has been said of Indonesia and it's property however, it remain that the country is decentralize with poorer infrastructure and commitment compare to Malaysia. The Chinese too view this as a good fundamental and possibility from geographical location and the fact Malaysia is showing more promising growth in Iskandar, KL and Penang.
When firing at a target, few very important lessons. Timing, wind (politics), target ( financial) , position (reputation) and the tool (execution) is very very important. Miscalculation happens is normally because of tool.....in certain case the tool can only be paid if the exchange is complete.
Another topic is stealth mode firing. This is the best of the best kinda action. We have seen stealth mode for Daibochi a couple of years back. The stealth mode normally behave below radar. These radar being able to detect fast moving, rapid firing and above the radar range. Hence for stealth mode it has to avoid all this feature to glide and float pass.
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....
Saturn101
681 posts
Posted by Saturn101 > 2014-03-21 20:08 | Report Abuse
I sincerely wish him well after learning he Kow tow to Uncle for something....I won't disclose for now.....lol