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9,945 comment(s). Last comment by Steady Punpipi at Jan 20, 2021 7:20 PM
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tkl88
8711 posts

Posted by tkl88 > Nov 7, 2020 11:30 AM | Report Abuse

Superb good news from budget 2021 for the property sector !

购阁直房屋及首购族购50万房产免印花税
https://www.sinchew.com.my/content/content_2372213.html
1)革免个人的产业盈利税, 有效期限从2020年6月1日至2021年12月31日, 每个人限售3个住宅单位.
The exemption for personal or individuals on property gain tax(RPGT), valid from June 1, 2020 to December 31, 2021, each person is limited to the sale of 3 residential units.

2)The RM500,000 or below starter homes likely to boom
Buyers for first homes priced below RM500,000 will get FULL STAMP DUTY exemption on Memorandum of Transfer (MOT) and loan agreement. This is effective for agreements inked from January 2021 all the way to December 2025.
If this is not attracting first time home buyers to buy, I am not sure what else would.

3)Rent-To-Own scheme for FIRST-TIME home buyers only
Government to cooperate with selected financial institutions to provide a Rent-to-Own scheme. This programme will be implemented until 2022 involving 5,000 PR1MA houses with a total value of more than RM1 billion and reserved for first-time homebuyers. This is a SUPER important measure in my opinion. Many may want to buy a home but may not yet have enough downpayment. With this scheme, the buyer can start to become more responsible and may have a chance to own a home a few years down the road.

4)Stamp Duty exemption on stamp duty exemption on loan agreements and transfers given to rescue contractors and original buyers of abandoned houses
This has been extended for another five years. Finance Minister Datuk Seri Zafrul Tengku Abdul Aziz said, “This exemption is for the sale and purchase agreement completed from Jan 1, 2021 until Dec 31, 2025 for abandoned housing projects approved by the Ministry of Housing and Local Government.”

5)New homes under People’s Housing Programme and Rumah Mesra Rakyat
RM1.2 billion will be provided to build up to 14,000 houses under the People’s Housing Programme and RM315 million to build 3,000 units of Rumah Mesra Rakyat by Syarikat Perumahan Negara Berhad (SPNB).

There are 5 things mentioned above on Budget 2021 for property market.
Actually, the above is to stimulate the property market and it is mostly targeted at first time home buyers which will be a very big group. By the way, majority of buyers are buying RM500,000 priced homes or lower and not homes priced above RM500,000. Thus, if the property market moves, this will create a lot of positive stimulus effects to the construction industry too. In other words, these 5 things done right will create more than 5 benefits listed above.
Happy thinking about it, seriously. (I meant first-time home buyers) !


Seeyounoup
990 posts

Posted by Seeyounoup > Nov 9, 2020 9:32 AM | Report Abuse

Superb good news from budget 2021 for the property sector !

购阁直房屋及首购族购50万房产免印花税
https://www.sinchew.com.my/content/content_2372213.html
1)革免个人的产业盈利税, 有效期限从2020年6月1日至2021年12月31日, 每个人限售3个住宅单位.
The exemption for personal or individuals on property gain tax(RPGT), valid from June 1, 2020 to December 31, 2021, each person is limited to the sale of 3 residential units.

2)The RM500,000 or below starter homes likely to boom
Buyers for first homes priced below RM500,000 will get FULL STAMP DUTY exemption on Memorandum of Transfer (MOT) and loan agreement. This is effective for agreements inked from January 2021 all the way to December 2025.
If this is not attracting first time home buyers to buy, I am not sure what else would.

3)Rent-To-Own scheme for FIRST-TIME home buyers only
Government to cooperate with selected financial institutions to provide a Rent-to-Own scheme. This programme will be implemented until 2022 involving 5,000 PR1MA houses with a total value of more than RM1 billion and reserved for first-time homebuyers. This is a SUPER important measure in my opinion. Many may want to buy a home but may not yet have enough downpayment. With this scheme, the buyer can start to become more responsible and may have a chance to own a home a few years down the road.

4)Stamp Duty exemption on stamp duty exemption on loan agreements and transfers given to rescue contractors and original buyers of abandoned houses
This has been extended for another five years. Finance Minister Datuk Seri Zafrul Tengku Abdul Aziz said, “This exemption is for the sale and purchase agreement completed from Jan 1, 2021 until Dec 31, 2025 for abandoned housing projects approved by the Ministry of Housing and Local Government.”

5)New homes under People’s Housing Programme and Rumah Mesra Rakyat
RM1.2 billion will be provided to build up to 14,000 houses under the People’s Housing Programme and RM315 million to build 3,000 units of Rumah Mesra Rakyat by Syarikat Perumahan Negara Berhad (SPNB).

There are 5 things mentioned above on Budget 2021 for property market.
Actually, the above is to stimulate the property market and it is mostly targeted at first time home buyers which will be a very big group. By the way, majority of buyers are buying RM500,000 priced homes or lower and not homes priced above RM500,000. Thus, if the property market moves, this will create a lot of positive stimulus effects to the construction industry too. In other words, these 5 things done right will create more than 5 benefits listed above.
Happy thinking about it, seriously. (I meant first-time home buyers) !


tkl88
8711 posts

Posted by tkl88 > Nov 9, 2020 2:54 PM | Report Abuse

President Biden is favours to world trade !
World economy will start booming from today onwards !
And asian stock markets including KLSE will be in bull market from today onwards !
As at 2.10pm,
Hang Seng : 26,095.46 (+382.49) (+1.49 %)
Shanghai composite: 3,380.38 (+68.23) (+2.06 %)
Nikkei : 24,912.31 (+587.08) (+1.41 %)
Taiwan Weighted : 13,127.47 (+153.94) (+1.19 %)
Korea Kopsi : 2,449.96 (+33.46) (+1.38 %)
Singapore STI : 2,611.34 (+32.66) (+1.27 %)

Huat ah ! Heng ah ! Ong ah !


tkl88
8711 posts

Posted by tkl88 > Nov 9, 2020 10:35 PM | Report Abuse

Wow, oil price spike up like mad !
As at 9.50pm,
Nymex at => $40.67 (+3.53) (+9.50 %)
Brent at => $42.77 (+3.32) (+8.42 %)

Huat ah ! Heng ah ! Ong ah !


tkl88
8711 posts

Posted by tkl88 > Nov 9, 2020 11:53 PM | Report Abuse

Oil Jumps by Most Since June on Covid Vaccine Progress
Alex Longley and Matthew Martin
Mon, November 9, 2020, 9:54 PM GMT+8·2 min
https://finance.yahoo.com/news/oil-climbs-biden-win-spurring-105416567.html


tkl88
8711 posts

Posted by tkl88 > Nov 9, 2020 11:53 PM | Report Abuse

(Bloomberg) -- Oil in London jumped by the most since June as Pfizer Inc. reported a potential Covid-19 vaccine breakthrough.

Crude futures spiked following news the vaccine, being developed by Pfizer and BioNTech SE, prevented more than 90% of infections in a study of tens of thousands of volunteers.

Markets globally surged. WTI climbed more than 10% in New York, while global equities soared. It led to broader strength in the oil futures curve, with timespreads also moving sharply higher.

A vaccine “would be the most meaningful type of mitigator to the situation,” Saudi Energy Minister Prince Abdulaziz Bin Salman said prior to the Pfizer announcement at a conference on Monday. “We’re still hopeful that vaccine is found and that vaccine or vaccines spread and hopefully mobility would be regained.”

Since Covid first emerged, oil markets have been steadily recovering from the biggest crash in consumption in a generation. Transport use in Asia has rebounded strongly, but the renewed resurgence of the virus in Europe has continued to weigh on demand in the region. The emergence of a vaccine would not only help regions suffering form renewed lockdowns, but could also help spur the return of aviation demand -- the hardest hit corner of the market.

The relief in the market was seen in the profits from turning crude into transport fuels. Gasoline cracks in the U.S. reached their highest since mid-October, while those in Europe also gained. Jet fuel was also gaining relative to the value of other transport fuels in Europe, Bloomberg fair value data show.

Prices had earlier rallied as Joe Biden declared victory in the U.S. presidential election and began preparations to navigate America’s pandemic-hit economy out of crisis, with potential shifts coming on a range of policies from fiscal stimulus to Iranian sanctions. At the same time, Saudi Arabia said that OPEC+ could extend oil cuts through 2022 as the group seeks to re-balance the glutted market.


tkl88
8711 posts

Posted by tkl88 > Nov 11, 2020 7:29 PM | Report Abuse

Oil price continue to spike up like mad !
As at 7.02pm,
Nymex=> $42.89 (+1.53) (+3.70 percent)
Brent => $45.16 ‪(+1.55) (+3.55 percent)‬
‪Huat ah ! Heng ah ! Ong ah !‬


labu83
2449 posts

Posted by labu83 > Nov 16, 2020 6:21 PM | Report Abuse

Time to move break 0.45 cent, please 48 cent tomorrow


tkl88
8711 posts

Posted by tkl88 > Nov 17, 2020 8:03 AM | Report Abuse

Dow Jones continue to spike up like mad !
Dow Jones closed at=>29,950.44 (+470.63) (+1.60 %)

Huat ah ! Heng ah ! Ong ah !


xjteh
181 posts

Posted by xjteh > Nov 17, 2020 9:30 PM | Report Abuse

UEMS: triple bottom (0.36) formed with breakout upon the neckline 0.415. TP1:0.46, TP2: 0.505


labu83
2449 posts

Posted by labu83 > Nov 18, 2020 5:31 PM | Report Abuse

Time to move more 44 sen


Diamond7
1499 posts

Posted by Diamond7 > Nov 18, 2020 10:19 PM | Report Abuse

Why up today?
Any good news?


Diamond7
1499 posts

Posted by Diamond7 > Nov 18, 2020 10:21 PM | Report Abuse

Tkl88
What has oil to do with this counter?


tkl88
8711 posts

Posted by tkl88 > Nov 20, 2020 7:01 AM | Report Abuse

Diamond7, oil price up means good to our economy to become prosperous lor coz we are the net Crude oil exporting country !


tkl88
8711 posts

Posted by tkl88 > Nov 20, 2020 7:01 AM | Report Abuse

Economy prosperous then peoples will got monies to buy properties then property sector will be booming and become prosperous also !


tkl88
8711 posts

Posted by tkl88 > Nov 20, 2020 7:02 AM | Report Abuse

Malaysia in deal with China for Covid-19 vaccine development
PUBLISHED : 18 NOV 2020 AT 19:40
WRITER: REUTERS

https://www.bangkokpost.com/world/2021843/malaysia-in-deal-with-china-for-covid-19-vaccine-development

KUALA LUMPUR: Malaysia said on Wednesday it has signed an agreement with China to cooperate on the development of a safe and efficacious vaccine, as part of efforts to combat the Covid-19 pandemic.

Under the agreement, in force for an initial period of five years, the Southeast Asian nation will be given priority access to Covid-19 vaccines developed by China. Both will share knowledge and expertise and facilitate scientific and technological capabilities to advance vaccine development in their countries, Malaysia said in a joint ministerial statement.
Science, Technology and Innovation Minister Khairy Jamaluddin signed the agreement with his Chinese counterpart Wang Zhigang in a virtual ceremony.

Cooperation between Malaysia and China under the agreement would be supervised by a committee chaired by the foreign affairs ministers of both countries that was formed in October to address post-pandemic challenges.

"Both countries will also support the participation of their public and private sectors including universities, institutions, societies and organisations in joint collaborative projects," the Malaysian ministries said.


ALEXHY
6 posts

Posted by ALEXHY > Nov 20, 2020 9:32 AM | Report Abuse

tkl88 lets hoot 99 e


Diamond7
1499 posts

Posted by Diamond7 > Nov 20, 2020 1:01 PM | Report Abuse

Theme play is construction company
Buy UEMS low n keep


ALEXHY
6 posts

Posted by ALEXHY > Nov 20, 2020 2:03 PM | Report Abuse

yes, buy low and keep

but how long do you think it will limit up diamond 7


Diamond7
1499 posts

Posted by Diamond7 > Nov 20, 2020 6:24 PM | Report Abuse

Doubt will move up now
Hopefully can get at 38 cents

After merger may move


tkl88
8711 posts

Posted by tkl88 > Nov 24, 2020 2:27 AM | Report Abuse

Wow, oil price continue it’s bull run !
As at 12.30am,
Nymex=> $42.85 ‪(+0.43) (+1.01 %)‬
Brent => $45.80 ‪(+0.73) (+1.62 %)‬

‪Huat ah ! Heng ah ! Ong ah !‬


tkl88
8711 posts

Posted by tkl88 > Nov 25, 2020 7:04 AM | Report Abuse

Wow, oil price continue to spike up like mad !
As at 1.25am,
Nymex=> $44.95 ‪(+1.89) (+4.39 %)‬
Brent=> $47.77 ‪ (+1.73) (+3.76 %)‬


tkl88
8711 posts

Posted by tkl88 > Nov 25, 2020 7:12 AM | Report Abuse

Walaoeh, Dow Jones continue it’s bull run !‬
Dow Jones closed at=> 30,046.24 (+454.97) (+1.54 %) !

Huat ah ! Heng ah ! Ong ah !


tkl88
8711 posts

Posted by tkl88 > Nov 26, 2020 7:50 PM | Report Abuse

Budget 2021 approved by Dewan Rakyat

Ahmad Naqib Idris/theedgemarkets.com
November 26, 2020 15:32 pm +08
https://www.theedgemarkets.com/article/budget-2021-approved-dewan-rakyat

KUALA LUMPUR (Nov 26): After a heated session during Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz’s wrapping-up speech on Budget 2021, the bill was approved at the policy stage.
Towards the end of the session, Dewan Rakyat Speaker Datuk Azhar Azizan Harun asked for a show of hands of those for and against the budget, and decided that there were more Members of Parliament (MPs) who agreed with the budget, although Pokok Sena MP Datuk Mahfuz Omar interjected and motioned for a tally of the votes.
However, this required 15 MPs to support the call for a tally. Only 13 stood up in support of the tally, according to the Speaker.
“There are fewer than 15 people [supporting the call for a tally]. There are more voices [in agreement with the budget]. The bill will see its second reading now,” he said.
The wrap-up by the minister was a heated one as ruling and opposition MPs furiously interjected for clarifications of certain issues, including the expansion of the Employees Provident Fund's (EPF) i-Sinar facility to include those receiving pay cuts due to the Covid-19 pandemic.
Subang MP Wong Chen claimed that the EPF’s inflows amount to no more than RM20 billion per year, and therefore could not cover the total increased allocation of RM70 billion for the i-Sinar facility.
“Where is the EPF going to find the extra RM50 billion? Are they going to sell their shareholdings in listed companies on Bursa Malaysia? If this hits the headlines tomorrow, we will have a big problem,” he said.
However, Tengku Zafrul clarified that the EPF is seeing inflows of RM80 billion per year, adding that the Ministry of Finance (MoF) had looked into the matter.
“I would like to correct the facts. We conducted a detailed analysis of this for over a week. Actually, the inflows are not RM20 billion, RM30 billion or RM40 billion. It is RM80 billion per year,” responded the minister.
Following that, Wong pointed out that withdrawals by contributors, amounting to RM40 billion to RM50 billion per year, had to be taken into account as well — before his microphone was muted by the Speaker.
The session quickly devolved into a shouting match among the MPs, which resulted in intermittent muting of the MPs’ microphones by a visibly irritated Speaker.
“This is embarrassing behaviour. We are debating on the budget and this is how we are behaving? The rakyat are watching all of us here!” he said.
Other points mentioned during Tengku Zafrul's speech included a reduction in allocation for the Special Affairs Department (JASA) to make way for increases in other allocations, although he did not elaborate.
On the various proposals for a further extension of the loan moratorium, he said all who are eligible — whether they are in the B40, M40 or T20 category — will be able to request for various forms of assistance, which also include reducing or rescheduling loan repayments, from their respective banks.


tradersampah
118 posts

Posted by tradersampah > Dec 1, 2020 2:44 PM | Report Abuse

boring


Money King
15 posts

Posted by Money King > Dec 3, 2020 6:56 PM | Report Abuse

tmr got show


fofo
111 posts

Posted by fofo > Dec 6, 2020 4:32 PM | Report Abuse

Covid-19: In Johor, CMCO to be enforced in Johor Bahru, Batu Pahat and Kulai from Dec 7 to 20 — Ismail Sabri


foo
173 posts

Posted by foo > Dec 7, 2020 11:18 AM | Report Abuse

However, the state government is very grateful to the federal government for agreeing to implement the Conditional Movement Control Order (CMCO) in certain areas instead of the state as a whole, he said.As at yesterday, a total of 1,209 positive Covid-19 cases were reported in Johor, with 60 of them being new cases.The closure of the Malaysia-Singapore border began on March 18, when the government imposed the Movement Control Order (MCO) in the country to curb the spread of Covid-19 infection.


CHG2651
129 posts

Posted by CHG2651 > Dec 7, 2020 6:10 PM | Report Abuse

I only know today UEMS uptrend and reach 0.490 , but what is the factor make it go up ?


tkl88
8711 posts

Posted by tkl88 > Dec 8, 2020 9:53 AM |

Post removed. Why?


tkl88
8711 posts

Posted by tkl88 > Dec 8, 2020 9:58 AM |

Post removed. Why?


PresidentRotiCanai
1080 posts

Posted by PresidentRotiCanai > Dec 10, 2020 3:10 PM | Report Abuse

Others property stock up, u also must up


Fklim888
564 posts

Posted by Fklim888 > Dec 14, 2020 12:34 PM | Report Abuse

Is time move back at least 0.65


CSOON 77
79 posts

Posted by CSOON 77 > Dec 14, 2020 2:11 PM | Report Abuse

Wake Up !!


whatsapp60108599233
20 posts

Posted by whatsapp60108599233 > Dec 14, 2020 4:04 PM | Report Abuse

UEMS :
- Entry: <0.495
- Cut Loss: 0.47
- Risk: 5.05%
- MACD: 0.0036

TP Valid for Swing only:
- TP1: 0.515
- TP2: 0.535


CSOON 77
79 posts

Posted by CSOON 77 > Dec 15, 2020 9:28 AM | Report Abuse

Kita Terbang


Fklim888
564 posts

Posted by Fklim888 > Dec 15, 2020 7:34 PM | Report Abuse

Budget approved...terbang lol


Carlson Choo
56 posts

Posted by Carlson Choo > Dec 18, 2020 9:22 PM | Report Abuse

hi who can explain this?
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3115372
good to uems?


Fklim888
564 posts

Posted by Fklim888 > Dec 23, 2020 4:25 PM | Report Abuse

Uems....should back to 0.520 immediately.


HosehLim80
46 posts

Posted by HosehLim80 > Dec 26, 2020 7:44 PM | Report Abuse

HSR cancel. Construction and property monday Holland?


Jjkcl
482 posts

Posted by Jjkcl > Dec 26, 2020 8:33 PM | Report Abuse

HSR stop at JB.


Godstock8888
387 posts

Posted by Godstock8888 > Jan 1, 2021 5:59 PM | Report Abuse

Next Monday GG


BearishTrend
963 posts

Posted by BearishTrend > Jan 10, 2021 4:27 PM | Report Abuse

Monday buy below 35cts


obakh222
184 posts

Posted by obakh222 > Jan 10, 2021 6:48 PM | Report Abuse

Wait more 5 years to breakeven.


BearishTrend
963 posts

Posted by BearishTrend > Jan 11, 2021 10:59 AM | Report Abuse

Will follow mrcb


Manin40
132 posts

Posted by Manin40 > Jan 11, 2021 12:04 PM | Report Abuse

Seems like hammer is coming...


shareking1
791 posts

Posted by shareking1 > Jan 11, 2021 7:21 PM | Report Abuse

Sektor pembinaan dibenarkan beroperasi semasa Mco.


Fklim888
564 posts

Posted by Fklim888 > Jan 12, 2021 11:51 AM | Report Abuse

Is time back to fair value...


maggiemee
1363 posts

Posted by maggiemee > Jan 13, 2021 8:40 PM | Report Abuse

Run ah cooperation cancelled


seng0326
488 posts

Posted by seng0326 > Jan 13, 2021 10:13 PM | Report Abuse

Cooperation cancel is good news.. Why run

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