I think Malton has better development mix, not just residential but commercial properties as well (like retail malls, shop office, etc), hence, not really directly impacted by DIBS.
malton is testing 20MA support for the past 3 trading day. MACD not sign of uptreand at this moment yet, despite price dropping for the pass few weeks, not many volume traded (traded volume below avarage) meaning not many people buying and selling. I think those buying keeping it and waiting the price to go higher. Just my few cent...
yong, what i can said, if want to buy must wait for buying signal. for those who are holding at high price, look at buying signal to buy more to avarage down. still no solid signal to tell will go higher or downtrend... perhaps next week TA can tell.
yong, sorry cant give you advice on this ya... my study only cover shares that under my watchlist (i'm not familiar with warrant). And if use TA to analyse warrant, the result is not accurate. Might probably others broher from this forum can help you. Anybody can help??
I don't think abolishing DIBS will help to curb speculation, on the surface yes but in actual fact the rich ones will still speculate as they have money to play with it. only the middle group can't afford now without the help of DIBS...in a nutshell, abolishing DIBS is like taking away the rights of middle income group....magahai!
Any interference by the authority will create some ripples in the laissez faire economy, in this instance, stocks of property all became sluggish. i.e Malton, GOB, Ivory, and etc.
property index dropping is because last week Hong Kong property index drop dramatically not because DIBS.In Bloomberg new it report property in Asia are at higher risk. Therefore affect property index.
in term of cheap I disagreed, as it should be compare apple to apple. like in M'sia we need to compare our disposable income against property price, it is everybody affordable and comfortable level. Rather than compared with our country higher income with our country level.
Malaysia property is very expensive now especially in Penang and KL. The std condo will cost you 500K and the landed house will at least 1 million. How many people can buy $500k and above house? The bank interest for $450K is about $18K and monthly installment is about 2000+ and don't forget the maintenance fee is about $300. The property is too expensive now.
therefore I think property index are in dangerous zone despite everyone mentioned property remain cheap in M'sia. Ask ourself are we afford 1 million loan in our current level, then we should know the answer. If we went to Indonesia or Thailand we will said the samething the property are damn cheap. Buy for them is huge huge huge expensive.
m'sian has been among top 5 investor in s'pore, australia, NZ, top 10 in U.S, U.K properties market. the problem IN m'sia is the high/mid/low income group gaps get widen too fast and deep, lack of effective policy that look far enough to build enough affordable house.
developers do in-depth analysis of market segment and they only focus in those area where buyers still have "buffer" to pick-up (e.g loan), and they work very closely with banks, encouraging "low front" (so ppl can buy more units using same amount of $, hoping using rent to leverage down installment later, if not sell of few units at higher price, or re-finance older property to enter the market etc). example, SOHO concept selling 250K is one of it.
as a result, lower income group cannot buy into these segment bcos the pricing or design is first never meant for them. secondly, to make thing worse, the trend boosted the lower end property cost to higher level; which their income hardly catch up. third, no surprise banks do not "welcome" these application, even it is prima1 prj.
things like ridiculous "administrative" cost (e.g stamp here stamp there), too many department to "pleased", political linked etc too push development cost to high. in fact, while gov keep asking developers to build more affordable house, but gov investment arm like khazanah etc keep building expensive properties, again and again boosting land price to new height. sigh!!
But then other property counters like Hua Yang, Mah Sing, Daiman are up today. I reckon those stock above RM1 are in focus. For those below RM1 be patient.
ya right...if it goes down I buy more. I tell you the reason why it won't go down...fundamental of this stock aside..who will buy their loan stock if it keeps going down? I strongly do not believe this will happen
Malton may fall further after closing its lowest in more than two weeks. A position can be liquidated if the stock closes below MYR0.80, and supports are anticipated at MYR0.75 and MYR0.72. A close back above MYR0.835, however, could see buyers returning. In this case, expect resistance at MYR0.90 and MYR0.95 - RHB
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....
Avocado_C
129 posts
Posted by Avocado_C > 2013-06-27 16:34 | Report Abuse
I think Malton has better development mix, not just residential but commercial properties as well (like retail malls, shop office, etc), hence, not really directly impacted by DIBS.