On July 25, 2013 MIER revised downward their latest 2013 forecast for Malaysia's economic growth of previously 5.6% to 4.8% for 2013. http://www.mier.org.my/outlook/
July 5, 2013 Bank Negara implements measures to curb rising household debt
What does all these meant for all heavily dependent consumer-based group of companies? Sales revenue will drop with losses expected! I believe Berjaya Corp will be greatly affected by the drop in consumer demand thus putting them in the red. As my business discussions with the business community over the last 12 months, our household consumptions had dropped significantly and that household debts rising even worrying Bank Negara.
Do cut down your holdings or clear from this counter, as I expect the current price of RM0.59 will nose dive to breach the support of 0.50 unless they comes in to support for whatever reasons best known to them! The market is very volatile and more profit taking activities will occur as our FBMKLCI breached the peak of 1805 this week. "Maximise Profits & Minimise Losses"
As for Ryan's comments, I spent the last hour going through his the last 12 months, very suspicious as he seems to be in the know of what this company is doing. So kindly be cautious of what he wrote.
Stock: [BJCORP]: BERJAYA CORPORATION BHD
2013-07-29 10:12 | Report Abuse
WATCHOUT!
On July 25, 2013 MIER revised downward their latest 2013 forecast for Malaysia's economic growth of previously 5.6% to 4.8% for 2013.
http://www.mier.org.my/outlook/
July 5, 2013 Bank Negara implements measures to curb rising household debt
http://www.nst.com.my/opinion/columnist/checking-the-fall-into-debt-trap-1.314372
http://www.nst.com.my/latest/bank-negara-implements-measures-to-curb-rising-household-debt-1.313845#ixzz2aOX8Ze9L
http://www.businesscircle.com.my/malaysian-household-debt-a-rising-macroeconomic-concern/
What does all these meant for all heavily dependent consumer-based group of companies?
Sales revenue will drop with losses expected!
I believe Berjaya Corp will be greatly affected by the drop in consumer demand thus putting them in the red. As my business discussions with the business community over the last 12 months, our household consumptions had dropped significantly and that household debts rising even worrying Bank Negara.
Do cut down your holdings or clear from this counter, as I expect the current price of RM0.59 will nose dive to breach the support of 0.50 unless they comes in to support for whatever reasons best known to them!
The market is very volatile and more profit taking activities will occur as our FBMKLCI breached the peak of 1805 this week.
"Maximise Profits & Minimise Losses"
As for Ryan's comments, I spent the last hour going through his the last 12 months, very suspicious as he seems to be in the know of what this company is doing. So kindly be cautious of what he wrote.