Sometimes I doubt what DFM knows what he is talking about. GST surely must be less than 16%. If it is 7% I would be laughing already. The important thing is there must be a timeline given for the implementation of GST so that Censof can get on with it.
latest announcement from censof: CENSOF HOLDINGS BERHAD
Teaming Agreement between Century Software (Malaysia) Sdn Bhd and Myanmar Information Technology Pte Ltd.
The Board of Directors of Censof is pleased to announce that its wholly owned subsidiary, Century Software (Malaysia) Sdn Bhd (“CSM”), Company No. 445590-U has on 18 October 2013, entered into Teaming Agreement with Myanmar Information Technology Pte Ltd (“MIT Pte Ltd”), a private limited company incorporated in Myanmar.
Background
CSM is an information technology company, providing financial, management and business solution.
MIT Pte Ltd is principally involved in providing information technology related services.
Purpose of Teaming Agreement
This is to establish a business relationship between the two parties to work together on a collaborative basis.
CSM is to give MIT Pte Ltd the rights to sell, license, market and distribute CSM products and services in Myanmar.
The Teaming Agreement will benefit both parties and to develop the best management and technical approach to specific projects.
The Teaming Agreement is valid for two years, subject to further renewal. Both parties shall be at a liberty to terminate the collaboration by serving 1 month notice.
It is quiet and silent indicating the coming of a storm.Worried what kind of a storm. Destructive or beneficial? To wait and see. Running out of advise, Siva sorry ya.
Short term players tend to make excuses and noises to explain the market reaction. Our market is not efficient. There are contra players to make a quick gain or loses. If you think there is VALUE in Censof going forward, then you should at least wait for GST details in 2014 Budget. Govt cannot afford downgrade from the Rating Agencies.
i also do believe on GoldenRay, cause a lot of seminar and media advertisement is come out now. i do think so this coming 2014 budget will be implement the phase 1 in some area but not for all first.
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....
esegaban
1,311 posts
Posted by esegaban > 2013-10-19 12:55 | Report Abuse
hope gst is not only the issue here...