huayang long term still bright, but if more & more foreign funds exit klse in the coming weeks or months, price weakness will be inevitable. let's hope that wont happen
My opinion is I think there will be further weakness in property companies like Hua Yang and Mah Sing. Today's rebound not convincing either. I think will have further downslide but looking long term, its a good stock to invest. I plan to go in around 2.4-2.5. I dont think it will drop below RM2. Anyone want to share entry point?
Govt has put a stop to bank and property developer providing 'no interest payment" until completion. Gimmick is bank and developer so call absorb the interest. This scheme is lucrative to speculators not good for first time home purchasers. Eg a home costing rm500k. With this no interest a scheme the home cost rm700k. Profit split with bank and developer. In REALITY, purchaser still pay for interest! Huayang builds for professional people. Not so much luxury condos. Probably more buyers queue their project.
It's not implemented yet. By go t putting it out in the media ... Property and bsnk stocks also go down. It's good that its implemented to stamp out over speculation. The ones who suffer are Malaysians. Property becomes out of Reach
dont think it will implement soon.. not until beginning of next year. 1st, developers will not agree with that and they keep saying there's not enough supply in urban areas.
2nd, banks will also try to postpone it..because business is not doing good.
3rd, MBSB will counter the proposal from BNM as well..so,i personally think that it's not gonna be so soon.
Govt only protecting Malaysians buying first homes so that its still within their reach. Comeon, why would mbsb protest ? Mbsb is for govt servants mostly.
because quite a lot play this counter by contra...because they see this as one of the stock that can make money easily, even by intraday...unfortunately...something has to stop before it can continue
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....
Steve Jub
4,203 posts
Posted by Steve Jub > 2013-06-26 10:04 | Report Abuse
yesterday reenter at 2.7