It could stage a mild rebound as property sector is one of the beneficiary in this stimulus. But don't expect to cross RM0.60 next week. Will take some time or better earning prospect
the positif impact here is 1) No stamp duty will attractive more purchaser 2) people are entitle to buy with margin finance up to 90%, maybe 100% loan will come back. let say price 700k, discount 10% 70k, loan 630k (90%) no duty stamp. so u can buy with zero entry cost. this is a explonder ..haha.. very attractive
Bank can get loan or not???.....They even give a lot of CASH BACK also FREE up monthly payment up to 24 months just CASH BACK. Just like markup price. If S&P price is high I dont think easy to get loan also. Maybe join names A lot salary above RM 5k after comidment also not go true loan
Automotive, property, banking, glove n oil sector will enjoy much attention on Tuesday. Automotive is a liability but property is asset. So property sector will be better bet
nottieboy Talk about property,how many bank can approve their loan in the time of crisis like this! Well the best bet is buy low & sell high,this should be the ultimate strategy to trade!
If S&P price is low like RM400k-RM460k. Remember to check bulit-up around 2000 sq ft for 2 storey n location easy to rent out or not if u r not staying in future. Alot of Dev bulit very small bulit-up n not very good matrial. Show house sure very nice..
abang_misai I looking forward for your changes ! Hahaha.....!!!! Pls enlighten us with your daily jokes with backdoor gomen & daily update pls........................!!!!
A big turnaround in US employment report leading to expectations of V-shaped economic and stock market recoveries. Expect strong uptrends in all stock markets . Very positive for Bursa stock prices next week especially for the Property Sector given the announced RM35B Penjana Stimulus Plan to boost our economic recovery, in particular the resumption of the Home Ownership campaign with its huge savings from all stamp duty exemptions for both housing property transfers and loan agreements, As highlight by the Chairman yesterday Mahshing benefiited a lot from the previous HOC in 2019.
Three positive factors/news for Tuesday's Bursa stock uptrend :-
1) All of a sudden, people are talking about a V-shaped recovery again: ‘The stock market had it right’ Jeff Cox
May’s shocking increase in jobs has given way to some talk again about a V-shaped recovery. Wall Street economists had been looking for the highest unemployment rate since the Great Depression era. Instead, the U.S. saw its biggest one-month job gain ever. RBC economist Tom Porcelli said June’s payrolls report could see a gain approaching 10 million. “The stock market had it right the whole time,” said Mitchell Goldberg, head of ClientFirst Strategy.
2)Look for the S&P 500 to turn positive for the year with a boost from the Fed in the week ahead PUBLISHED FRI, JUN 5 20202:37 PM EDTUPDATED FRI, JUN 5 20208:19 PM EDT
3) Malaysia Govt announced its 3rd Economic Stimulus Programme (Penjana) to boost its economic recovery
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....
RainT
8,448 posts
Posted by RainT > 2020-06-05 12:57 | Report Abuse
mua di mua di
ngeng ngeng mua , gia lam , haha