EPF keeps Buying----I think EPF wants to goreng Bauto to a much higher price, in preparation for EPF Account 3 as announced by Anwar last year----Account 3 is like saving account, can withdraw EPF savings anytime so EPF has to invest in highly Liquid asset like money market and high liquidity stock. Expected Account 3 will be 10% of EPF asset OR 100 billion ( start counting from zero on May 2024 )
I am looking at Bauto last 2 quarter results, actually the revenue and profit is getting lower last 2 quarter. Any Idea how is the sales of Mazda car in Malaysia this quarter ?
Their dividend payment % is fixed based on profit. Last year profit very good. Dividend % very good. If this year profit down, dividend % will also go down.
I believe was affected by weak market sentiment due to middle east war between iran and israel past few weeks plus uncertainty towards removal of petrol subsidy in the coming month furthermore typical pump and dump by fund institution...
Hopefully but nobody knows...In my opinion selling vehicle isn't easy as selling food and beverage...furthermore overall car market is very competitive nowadays...
What do we think? EPF Account 3 withdrawals would likely to be used on? A new car? House renovation? Travelling? A new smartphone? New furnitures? And the lists go on.....
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....
Waller
140 posts
Posted by Waller > 2024-04-15 17:57 | Report Abuse
Feel boring? Can go trade HSI 😁