cheoky, current markets/assets are bloated with cheap money from all the largest economies. you see people taking cheap loans everywhere and put into properties/stocks... over leveraging, sounds familiar? It will start to show when US interest rate lifts off.
Hopefully, 'soon' can be expedited by press pressure, hot weather, mb own statement.... langat 2 is a bargaining tool to push fed to agree to whatever provision amendment request by azmin... pray hard.
hng33, without knowing the 'clauses' that Azmin would like to see changed, there is no way to know how incline Azmin is into sealing a deal. Then, all goes back to what I earlier mentioned, Azmin's 'soon' could be days, weeks, months, or years. To Azmin, so long he had shown that he 'tried', its assumed all would be alright then. Well, slightly better than earlier attempt, no 'show' at all.
If the provision is not too excessive or lopsided to one party, should be ok. It is in the interest of all parties to get it done. The way i see it. Regardless to fed or selangor....
Frankly, never expect Azmin's delay by this much, thought he has some sense of doing the right thing! The more I read into Greece's stories and have them compared to Azmin's water crisis dealing, the more I find similarities. By taking over the state government, Azmin had assumed all are under his feet that he can do anything in the name of 'protecting' the RAKYAT (or just a mere ability to showoff what he can?). He had forgotten that previously signed contracts/promises can't be ignored as he wishes. He should READ more into Greece debt crisis to give him a sense of urgency! The recent Tsipras moves only let me to believe Tsipras is selfish, stupid, arrogant and failed to do the right thing (no balls). Hopefully, we won't have to see Azmin delaying the water deal till Puncak board to decide on fighting the case in court or federal calls on WASIA to address the problem.
Shanghai Market is in bear market. What will happen to Bursa if Fitch and Greece hit at the same time this week? This football game bet Azmin & Ongkili has NO referee (when will the game stops) Tomolo scaling down Puncak holdings. Already sold all banking stocks. Cash is King in Bear Market
hng33, for a more than 7 months' effort, that's how much Azmin has achieved? They have nothing to do with the benefits of RAKYAT as politicians been used to claim to serve!
Singor, should Azmin be able to seal a deal within the next 2 days, Puncak may have a bright future ahead, but a bit doubtful given how much Azmin/Ongkili have been willing to share in public.
Agreed with hng33 here. Both ongkili and azmin want to see the deal through. For ongkili, it is langat 2 start work. For azmin, he want to kick this troublesome ball out from his foot and shoot back khalid. For it to happened otherwise, ongkili wont have a smooth completion of langat 2, cost shoot up. For azmin, not good track record for potential future pm if he even have that intention...take the ultimate blame for the water crisis not due to his making.
As for greece, i think eu will fight hard to maintain eu central bank confident regardless greece stay or out. Greece is only 2% of eu economy. eu concern would be to maintain that confident. As jim roger said usa state also bankrupt state, they are still in usa using dollar. World will get through greece issue this time. Next year or later when people tired of central bank, that will be the real crisis. I sort of agreeable to this view.... but i might be wrong. Thus, hold through this turbulent time-- my current decision....any suggestion or opinion?
Possible. Depends on how eu central bank tackle it. Tsipras lock his people without water till this weekend, maybe his rakyat will vote yes. Try 7 days without water n see.... bottom line i think if eu central bank can and will try hard to maintain euro confident, i think they dont give damn about greece. Greece to bow down is the easiest way to maintain that confident. Other way i not expert. Maybe eu already holding a Ace behind. Anyhow my reasoning can be wrong too....
Today is the last day of june and if the deal cannot be done by today, Azmin has once again breached his promise and failed the rakyats' hopes. I'm so tired of Azmin's incompetence in resolving the fiasco. I think WSIA will soon be invoked. Gonna pare down my holdings in puncak. Cut loss.
Just rumours--Foreign selling bcoz bigger oppportunity in Europe now (big sell down coming- when Greece's bank opens on Thursday) Local Big Boys choose this opportunity to sell down to trip margin call (just like airasia). This week and next week Big roller coaster
hng33, do you know if Fitch's verdict will be out today? Totally agreed with your Ftich's rating comment, don't think market has discounted much on that...
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ec1705
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Posted by ec1705 > 2015-06-29 17:24 | Report Abuse
cheoky, current markets/assets are bloated with cheap money from all the largest economies. you see people taking cheap loans everywhere and put into properties/stocks... over leveraging, sounds familiar? It will start to show when US interest rate lifts off.