"As the stock market symbolizes the confidence and fitness of the economy, the government needs to implement measures that will increase investor confidence to make the Malaysian stock market more dynamic, more attractive and more stimulating to investors (we must make our stock market more dynamic, appealing and exciting),"the former Finance Minister said in a post on his Facebook.
He added that some of the measures that could be taken included suspending'regulated short selling'as well as'borrowing and lending' scripts for at least six months as implemented last year to stabilise the stock market and protect retail investors.
Bursa , banks , plantation , healthcare all also huge gains in pandemic , if want tax then tax all see who die first , Bursa will be no.1 to collapse , 2nd should be PBB ,MBB,CIMB ,HLB,LONPAC , 3rd is Simedarby plantion, KLK ,UTDPLT ... Last one only glove because their price already at bottom now !
Windfall tax will not happen, it makes Malaysia not attractive for foreign investors. All stocks will plummet if this is implemented. Look at our board now. If want to implement, implement monopoly tax to Tenaga and the likes. More reasonable
Just tax the billions profits company and its good for the people. What's wrong with it ? Good fundamental stocks should able to withstand the pressure. Mentioned earlier we have not seen the worst yet...
Brazil's health minister tests positive for Covid at UN General Assembly - after meeting with UK Prime Minister Boris Johnson and staying at same New York City hotel as Joe Biden
Brazilian Minister of Health Marcelo Queiroga tested positive for COVID-19. The health official had met with British Prime Minister Boris Johnson on Monday and has been staying at the same NYC hotel as President Joe Biden. He is the second Brazilian diplomat attending the UN meeting to contract COVID while President Jair Bolsonaro continues to reject vaccine mandates
With ASP coming down , glove makers will.not see more than 1 b.profit per qtr. in the coming qtrs . Bank will.continue to make more than 1b per qtr. In my opinion, companies making more than 1 b per qtr.is consider super profit.
KUALA LUMPUR (Sept 22): The government is contemplating and studying the implementation of a one-off higher tax rate to be imposed on companies that have generated extraordinary profits during the Covid-19 pandemic.
The government is looking at a few ways in which it can increase its revenue, including implementing the taxing of capital gains on shares and also imposing a one-off higher tax rate on companies that have obtained extraordinary profits during the pandemic.
Gold standard Singapore has fallen, high vaccination rate also cannot defeat the virus. Leaky vaccines will create new covid mutation because like all living organisms, viruses evolve to survive.
@pjseow With ASP coming down , glove makers will.not see more than 1 b.profit per qtr. in the coming qtrs . Bank will.continue to make more than 1b per qtr. In my opinion, companies making more than 1 b per qtr.is consider super profit. 22/09/2021 10:52 PM
Yup pjseow, Gomen should tax the shortists. They are making tons of money from shorting gloves. That's why they are making big profit during the pandemic. As the glove ASP is dropping, they are increasing their super profit even more, whereas actual glove co will be making normal profit going forward. So they should tax the shortists on 50% of their gross profit. That will be enough for the Gomen to cover the budget deficit for next year.
Anyway I think we have hit the bottom alrdy and the price can only go up from here. Stanley will be transferring me some funds to top up more next week.
Still a very long road to declare the pandemic is end in the world , vaccines not so efficiency now only PPE like mask,glove,sanitizer will give human more protections ! Spore is the best vaccination rate with over 82% fully vaccinated people but it still break highest record of cases !
It there is capital gain tax, would the government give me my contra loss tax, or capital loss repayment ?
Only parasites wants to take others hard earned investment returns. Others take the risks and by doing absolutely nothing, the parasites only think how to rob others.
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....
GlovesOff
2,499 posts
Posted by GlovesOff > 2021-09-22 17:52 | Report Abuse
@pjseow Cold Eye gave warnings on glove sectors you didn't watch the viral video?