Highlights

Weekly GreenTrade$ watchlist

Author: GreenTrade   |   Latest post: Sun, 10 Nov 2019, 11:17 PM

 

Greentrades Full List of Budget 2020 Stocks for Monday, 14th October 2019

Author:   |    Publish date:



Budget 2020 Stock Highlights


“Bandar Malaysia Resumes”

Related Stocks:
- Iwcity and Ekovest will be at the limelight.
- Econbhd may benefit from the spillover effect

 

“An allocation of RM810 mil for Federal Land Development Authority (Felda) settlers, including boosting their water supply and roadwork upgrades, and programmes to increase their earnings.”
Related Stock: FGV Bhd may react according to the news.

 

“National Fiberisation & Connectivity Plan will adopt public-private partnership approach involving total investment of RM21.6b” (September News)
Related Stocks : Opcom Bhd / OCK / Redtone/ Gpacket


“E wallet Stimulus- The government will provide all eligible Malaysians a one-off RM30 incentive to speed up the adoption of e-wallet usage in the country. The government will allocate RM450 million to Khazanah Nasional Bhd for this incentive, which will benefit 15 million Malaysians”

Related Stock : Revenue group Bhd


“To reduce supply overhang of condominiums, apartments of RM8.3b, govt will lower threshold on high rise property prices in urban areas for foreign ownership from RM1m to RM600,000 in 2020. / Rent-To-Own (RTO) financing scheme.”
Related Stocks : Spsetia / Property stocks

“Green tax measures to help the nation achieve its target of 20% renewable energy mix by 2025”

Related Stock : Cypark Resources Bhd


Comments:
Most of the stocks have went up in price prior to the budget and Bandar Malaysia stocks will be heavily traded. Therefore, profit taking may happen at any point of time.  

This article was made to address the Budget 2020 news and does not represent any buy or sell recommendation.


Greentrades Recent Stock Picks

Ecoworld International Bhd (WIN) : Initiated coverage at 0.64 (+18% in 1 week)

Pphb ( LOSS ) : Initiated coverage at 0.65  (-4% )

Scicom (WIN) : Initiated coverage at 0.88  (+13% in 17 days)

Bumi Armada (WIN) : Initiated coverage at 0.22  (+75% in 1 month)

Gpacket (WIN) : Initiated coverage at 0.49  (+87% in 1.5 months)

Gpacket Warrant (WIN) : Initiated coverage at 0.12  (+145% in 1.5 months)


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Thanks for reading,

Raymond
Greentrades

01126219231

 

 

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