yes backspacei...i also think same as you..maybe bboycs is a trader...i buy hevea share as a investors..TP:2.50 predicted for end of FY15..or for long term
By not helping the Export Sector, the only flourishing sector and theme, the stupid Regime is killing the only Gold laying Goose! So Hevea to start go down?
Measure 6: Capital Allowance to Increase Automation in Labour Intensive Industries
49. The Government will provide incentive in the form of capital allowance on automation expenditure to encourage automation in the manufacturing sector, according to the following categories:
• First Category: for high labour intensive industries (such as rubber products, plastics, wood, furniture and textiles), an automation capital allowance of 200% will be provided on the first RM4 million expenditure incurred within the period from 2015 to 2017; and
• Second Category: for other industries, automation capital allowance of 200% will be provided on the first RM2 million expenditure incurred within the period from 2015 to 2020.
Measure 7: Promoting High-Quality and Focused Investment
50. In promoting high-quality and focused investment, a more specialised incentive package will be offered for investment projects based on technology, innovation and knowledge, involving highly qualified and knowledgeable employees with high salaries.
Rich man need to pay more tax and company need to spend morw for worker salary especially furniture field... glove already auto so maybe impact not high
99. In addition to the above measures, the Government will intensify support to strengthen exports. 100. A sum of RM235 million is allocated to MATRADE for 1Malaysia Promotion Programme, Services Export Fund and Export Promotion Fund. 101. MATRADE and SME Corp will also increase the capacity of SMEs and mid-tier companies to export goods and services overseas. 102. To diversify the use of foreign currency in trade transactions, Bank Negara Malaysia provides the Ringgit-Renminbi credit swap facility for local banks. 103. Currently, SMEs are eligible to claim income tax exemption of 10% or 15% of the value of increase in exports. To further increase exports, SMEs are given flexibility to comply with the value-add condition that is from 30% to 20% and from 50% to 40% for manufactured products. This flexibility will be given for years of assessment 2016 to 2018.
RM235m allocation...Najis whacks $100m first, then MITI Tok Pa whacks $30m,other MATRADE bosses some millions, balance maybe left <$80 to do the promotion....
Quarter report should be released somewhere around 20+ of November, 1 month to go. With previous report usd/myr at around 3.70 while next report (for July to September) around 4.20. One can say EPS result is likely to perform better.
Are you, are you Coming to the tree? They strung up a man They say who murdered three. Strange things did happen here No stranger would it be If we met at midnight In the hanging tree.
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....
nwkh88
11 posts
Posted by nwkh88 > 2015-10-23 09:21 | Report Abuse
careful guys, usd/myr dropped 700 points today on my reuters screen, now trading at 4.2160 from 4.28 plus yesterday, not good for exports