I said you cannot fight the market and the government policies and steps to curb properties prices and have been told I am too negative. Well if the government has decided it will just keeps setting more steps under it suceed. Look at Singapore, the properties prices there are expected to drop by 30% in the next 6 months.
So don't touch property counters for at least the next 3 to 6 months.
I dont think msia goverment is serious in curbing properties bubble. All policy actually is to increase goverment taxes and use that money to spent on cronies project again ( also properties mega project, infra and buy more submarine). When rakyat realized GST will bring up property cost in future the buying frenzy will start again. Just that now the rich is getting richer as middle class and lower will have problem in financing.. Just 95 cents taught.
If I'm not mistaken, Singapore gov successfully curb the properties prices after 8 times of their property policies. We r just started to curb the properties prices policies, do u think we will success in 1 time. People sell we buy, this is the winner's rule.
Remember a few years back DL and wife who are the directors never bother to even attend many years' AGM and get warned by the SC? How can you have good news then come this 22nd?
TP of 1.20 is for short term, however it probably could achieve TP of 5.00 in very long term. We just need to hold or buy more now in order to gain a huge profit with Malton.
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....
sharemoon
49 posts
Posted by sharemoon > 2013-10-31 10:31 | Report Abuse
Yes. Full speed.....