Ph govt taking 1bil out of pocket for fiberisatoon.

Probably to help TM.

BN dug a huge deep hole. When they are desperate, they will also keep raising taxes. At least, PH wants to stop this rot.

after PH took over, I don't know how to invest anymore. buy blue chips all down like shitting. I aldy said earlier if BN won, the market really favour us. now.. all regret right?

Gomen all alike. I am sure u remember, BN was the first to hit the telecommunications sector by raising hefty spectrum fees. Maxis dropped from its high of 7++ to 5.65 in a knee jerk reaction.BN gomen not angels.

The only negative is Genting is still in its correction mode.

Most of these expectations already priced in. Most sellers who got the news probably sold after 5.45 by selling lower than the last buyer's offer. Sell first, ask later strategy.

should be 4.45 n not 5.45 as stated.

Genting is the holding company of all its gaming n leisure companies world wide. It is probably not much affected. But share prices are based on sentiments in the short term.

Most of these expectations already priced in. Most sellers who got the news probably sold after 5.45 by selling lower than the last buyer's offer. Sell first, ask later strategy.

license fee is paid by Genting. Gaming tax on patrons ?

FLASH: Annual gaming licence fee for casinos to be raised from RM120m to RM150m; gaming tax on casinos to be raised to 35% of GGR

translation :Casino license fees increased to RM150 million
The annual fee for updating the casino license will be raised from RM120 million to RM150 million; the casino tax will be increased to 35% of total revenue.

Fallen back at close

TM's 1st attempt to move past the gap resistance at abt 2.56 has probably failed. It means it would probably move lower before another attempt

What does the technical chart tells us ?

Jibby is probably crying over his millions now.

In the first place, does this chap has the right to sell ??

China should restrict the amount of rare earth that can be exported to Trump. This way he can't produce more n more missile parts.

even stocks with dividend support can crash. Just look at 1997/1998 crisis.

the market does not give reasons because it has no reason to give. It has life of its own. If u happen to spot any anomaly, just sell. If u venture to find out the reason, u may be trapped.

Dr M was a colourful character n I hope he still is. I remember I held a huge amount of Bank Utama shares from IPO. Our market was bad then n suddenly carnations rained from the sky. Dr M just said "buy now" to local funds n as expected Bank utama IPO shares were above water on the opening day.

U remember 1993 big bull run ? Foreigners were then influenced by those US snake oil sellers with themes such as "Pacific Century". When the Bath was attacked in March 1997, some foreigners came to their senses n they started questioning if M'sian stocks are overvalued. The Japanese were the first to sell when they realised that the USD/MYR exchange rates were indeed overvalued. So much so that, if they shift their plants back to Japan, they could make a profit fr those product lines.

When the selling started, others were jolted into reality n joined the huge exodus. It is this exodus that contributed to the Asian crisis.

If foreigners held a small percentage of M'sian shares back then, the impact would have been much smaller.

Back in 1998, foreigners held lots of M'sian stocks. Now, foreigners hold a negligible amt of M'sian stocks.

Is it that easy to open an account overseas in view of Money Laundering laws now in place. Maybe British Virgin islands ????

Nobel laureate,Joseph E. Stiglitz said:

"First, macroeconomics always prevails: if the United States’ domestic investment continues to exceed its savings, it will have to import capital and have a large trade deficit. Worse, because of the tax cuts enacted at the end of last year, the US fiscal deficit is reaching new records – recently projected to exceed $1 trillion by 2020 – which means that the trade deficit almost surely will increase, whatever the outcome of the trade war. The only way that won’t happen is if Trump leads the US into a recession, with incomes declining so much that investment and imports plummet."

If the US is sucked into a recession, will Asean win ?

In trade wars , everyone loses. As one economist in US admitted, China is not so dependent of US as the US would like her to be.

For TM, it is government agenda vs profits.

Stockmarket is a zero-sum game. Your loss is somebody's else gain n vice versa. If u do not understand this, stay out of the game.

This is how nations develop. It is the reality. Bill Gates encourages African nations to emulate China.

Decades ago, there was no internet. No hacking. They use traditional methods. Of course it now so obvious.

quote
When Germany was emerging as an industrial power, for instance, the
UK accused it of copying its products and demanded the use of “Made
in Germany” labels to distinguish its products from the British originals.
Japan faced similar accusations from Western countries, as did China from both the West and Japan. Today, many Chinese businesses are demanding that the Beijing government implement stronger intellectual property rules because they worry that any product they develop will be quickly copied by domestic competitors, rendering their research and development efforts worthless.
unquote

This passage is taken from "The Other Half of Macroeconomics and the Fate of Globalization" (first edition 2018) Richard C.Koo. The author holds Japanese citizenship.

"Japan don't steal IP"

Are u sure ? Even US steal IP when she was developing.

So now you tell me, what has China stolen from Donald Duck?
So now you tell me JV is done without consent?
So now you tell me JV profit is wrongful gain by one party lah?

You are right.
It is a deliberate US containment policy on China. When the US was caught spying on Germany, Obama said it is 'legitimate' spying. The US went to Africa n warn agst Chinese colonialism.Just look at Diego Garcia, the last vestige of British & US colonialism.

Africans just laugh n say "we do not see it that way." African know it is the white man that have exploited them for centuries.

An independent third party audit revealed that a tiny microchip (like a grain of rice) which wasn't part of the original design.

It was even reported that this is "edgecutting technology" upon "edgecutting technology" If this is so, why ZTE was undermined? ... China is already a technology superpower...Why wait until 2025?

It is a US policy to contain China. Others are excuses. The previous policy of containment lead to the Korean war n ended with the US defeat in Vietnam. The US fear of losing its position as the most powerful nation. US even threatened Russia but Putin said Russia is ready. While others are testing hypersonic missiles, Russia's hypersonic missile system is already in operation.

From my point of view, after one more generation, China can just dismantle the CCP n continue as a prosperous nation. We hope things can change suddenly but it will be gradual.

Now, Trump is a 'paper' tuan. SA ask Trump if he wants oil price to go up to USD400. Trump chickened out.

CCP's goal is not exporting communism. It is communist in name but is capitalist. They are smart. They merely use 'communism' to exert control.

When the USSR collapsed, the West hoped that China will follow. Without this control over her population, China would have collapsed like USSR.
The West have no moral high grounds to preach human rights either.
Just look at Diego Garcia, the last vestige of British & US colonialism.

Between 1968 and 1973, the local population was forcibly removed by the United Kingdom to establish an American base through intimidation of locals and denying the return of any who left the island.Many were deported to Mauritius and the Seychelles, following which the United States built a large naval and military base, which has been in continuous operation since then. Mauritius has launched an international campaign to have US & UK return Diego Garcia to her.
(U can see all events leading to UN vote against UK in U Tube)

Generations of local ppl lived there. Suddenly, yr colonial master says u have pack up n leave with only yr shirts u wear with no compensation.

"Suspect using a lots of port sharing to cut cost."

I am considering to cut TM line and opt for Maxis home fibre instead. I am afraid after upgrading fr Streamyx to Unifi, the speed gets slower n slower.

High likely foreign selling is not over yet, looking at its volume.

even at this price, I do not believe EPF is making a loss if u take into account the number of times it issue bonus share from day 1 of its IPO.

US dread to think of the day when they could no longer fly their reconnaissance planes to spy on other countries. To them, this is their right. If other countries becomes strong, they must be contained.

The containment of PRC lead to the Korean n Vietnam wars. The containment policy formally ended with US defeat in Vietnam. Now they want to start it again.

I remember years ago I upgraded my streamyx 4Mbps to 8Mbps speed. Imagine what happened. After upgrading, my streamyx became slower. I complained to TM n I brought the router they supplied for checking n they said nothing wrong!

If I upgrade to unifi n the speed become slower, what am I going to do?

all countries do spying. US was caught spying on Germany. Obama called it "legitimate spying". Where on earth is this "legitimate spying" Spying is spying. Snowden revealed US spy on its own citizens also.

We can have other taxes but not CGT on share trading. I am sure there are other means.

those foreign bourse would be laughing their way to the bank.

You must have funds to hold the shares. If not better stay aside. Share prices does not obey trend lines. It does not obey fibonacci levels. Nor does it obey the Elliott Wave. The stock mart has its own mind. Anything is possible.

Genting casino n resort is still doing brisk business. The drop is probably due to foreign selling in anticipation of CGT on share trading profits.

Dr Neoh admitted that he missed the bull run of 1993 because he did not believe what was happening then.

Posted by Calvin882 > Oct 11, 2018 07:51 PM | Report Abuse

Yes, factory no fire. Just Malaysia on fire

On fire over CGT on share trading.

It is wise to contain your risk in any invesent,hard times are near the corner worldwide,be alert n move ahead of others with your funds.

Looking at what KYY wrote, CGT on share trading is around the corner. Be prepared for Bursa crash. The above advice is timely.

"About a week ago, at the open forum, ....... and he might consider profit gain tax on share investment of listed companies."

Looking at what KYY wrote, be prepare for a Bursa crash. I am staying away for the time being. If u have lots of holdings of shares in Bursa, only God can help you.

To date, the government has no given any indication that there won't be CGT on share trading in view of the 2nd day of tumble. Everyone is playing safe n assume that the will be such tax coming.
If it does come, Bursa will lose its dynamism. The market will be as good as dead. Volume will decline greatly. So CGT is self defeating as there is not much gains to tax.

Tomorrow be probably won't be good.

Why is it that IRB single out KYY for capital gains tax on share trading then. ? Don't act like a saint now. It is too late.