PETALING JAYA: Construction and infrastructure development command the highest multiplier effect in any economy and in most cases, it is the government’s ultimate tool to pump prime the economy.
The mega projects are all there, but there are no major catalysts to trigger any meaningful movements yet as Putrajaya channels its fiscal strength on stimulus packages to assist people and businesses that were affected by the Covid-19 pandemic.
The Bursa Malaysia Construction Index has declined about 11% year-to-date and has been hovering around the 160-point mark, way below the pre-pandemic levels at about 200 points.
Investors have been watching the construction sector from a safe distance due to the uncertainties of an economic recovery and the timeline of project rollouts.
Like most sectors whose recoveries are underpinned by the vaccination rates, it is all the more important for the construction industry, which has seen its performance dwindling since 2018 due to the lack of clarity in terms of the rollout of infrastructure projects.
Regarding Serbadk case, I side with KPMG too. This is because I've worked as a system consultant for Petronas before in one of its largest recent IT project. I used Petronas because both are in the O&G industry regardless upstream or downstream.
In this new system especially in Accounts Payable (AP), a supplier profile is extremely important. Supplier profile includes name, address, bank details, and other important information about the supplier. One mismatch like an alphabet/number or entire word, the payment is rejected and supplier will have to resend a totally new invoice. With Serbadk taking the supplier/customer details so lightly especially hundreds of millions dollars are involved, this does not makes sense if Serbadk is what it claimed to be, a large player in the O&G industry.
Based on this experiences, and a few other red flags albeit small ones about Serbadk (I did some searches in Petronas system about Serbadk who is a supplier to Petronas), I concluded that these few own red flags tells me there is something not so right about Serbadk. Just read my history to find out what are the other small red flags about Serbadk based on its data in Petronas system.
At least I based my conclusion from own real experiences and not the mess of articles / information out there about Serbadk.
PETALING JAYA: The property market is expected to be on a recovery path in line with the gradual economic recovery, supported by the implementation of various government initiatives and assistance, said the National Property Information Centre (Napic).
It said the property market performance recorded a significant increase in the first half (H1) of 2021 as compared to the same period last year.
In the Malaysia Property Market Report for H1 of 2021, it said a total of 139,754 transactions worth RM62.01bil were recorded, showing an increase of 21% in volume and 32.1% in value compared to the same period last year.
Volume of transactions across the sub-sectors showed upward movements, it said, with the residential, commercial, industrial, agriculture and development land sub-sectors recording year-on-year (y-o-y) growth rates of 22.2%, 28.5%, 29.4%, 13.9% and 21.3% respectively.
@swimwithsharkss > Sep 17, 2021 12:52 AM | Report Abuse
Hello folks :) Just finished vaccination today, even greater price to collect AGES now!
BLee: Good Morning @swimwithsharkss and folks, you must be quite young to just finished vaccination. Young and energetic!! On the topic of last Wednesday sudden 'waterfall' seller at around 8sen, hope it is one off as the fundamentals still intact. The only reason could be the proposed ICULS issuance no more tenable with price stay below 10sen (the conversion price) and the subscription price changed from 1sen to 2.5sen. Some weak holders might just sell hoping to raise cash and hoping to drive the price down to buy back later; and also a spanner in the ICULS issuance. Just my 2 cents of opinion. Happy trading and TradeAtYourOwnRisk.
@BLee Good morning :) Actually, I had delayed my registration due to concerns about the vaccination.
Thank you for sharing once again, and I agree weak holders are being "washed" out. Looks like a false breakout on support level to me, we shall see more on today's trading pattern :)
@jay vong Thanks for sharing. I think this has nothing to do with AGES as external auditor job is to audit. Refer to @docileinvestor comment with KPMG associated with 1MDB, I think each auditor have good, and bad sides.
Focus on the company's fundamental so you won't be astray from the core investment technique.
omg... operator failed to depress price???? therefore come and spread fake bad news and info??? hahahaha, I really enjoy watching geniuses like this to get themselves burn, definitely made my day
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....
yeeweimeng
8 posts
Posted by yeeweimeng > 2021-09-16 17:08 | Report Abuse
chill folks, just hold all the way hahaha