How can KLCI rebound with all these 'makmur tax' n worst of all, dividends companies received fr its overseas subsidiaries will be taxed.(with lame excuses - Singapore did better on this issue)? Then increase in stamp duties without cap.

Maybe, the gomen should be reminded that performance in KLSE is a reflection of their performance.

How to tighten monetary policy in US ? It is QE forever in the US. They print too much USD. Now that China n Russia are not buying USD, it is the Fed that bought the USD printed by the Treasury. Like USD notes passing from the right hand to the left hand.

The Fed only talk about tapering its bond purchases. It means buying less and not stop buying.

in the past, when the KLSE spirals down, I remember Dr M said "Buy now!" and the KLSE went up. But we did the opposite, when he said "buy now", we said "Die now" and we sold off our stocks and make a big profit.

But those days are already long gone.

ah jigor also same.

In the past, the telcos are the pillars of the stock market. Whenever, KLSE drops, the telcos all inch up to save the day. Then came Jibby's out of the blues' spectrum fees increase to cover the big hole. All the telcos drop like shit. Maxis dropped from almost RM7 to RM4++, below its IPO price. Even Digi becomes a stagnant stock now.

How to save the stock mart ?

Posted by stockraider > Dec 10, 2021 2:50 PM | Report Abuse

Andy Hall is a braady konman loh!


Agree. That's what I suspected all along.

He has probably been paid to do this dirty job.

Because KLSE is in a sea of red. Hence, tutup. tutup.

In those days of the nineties, when we have no internet. Many bosses used teletex to watch share prices. One of my friends told me that one day his boss complained that teletex is not functioning. My friend told his boss "it is not functioning because KLSE is in a sea of red n they discourage u from watching the prices lest you would start selling".

In Xinjang, harvesting cotton is mechanized. But, u can see all the allegations of force labour appearing in the media of western countries. @OnTime, u are right."full automation is also forced labour"

Posted by OnTime > Dec 2, 2021 3:59 PM | Report Abuse

Go to full automation is also forced labour - forcing labourers out of their jobs, LOL!

Like Keynes said "in the long term, we are all dead". Why keep yr stocks long term? Just take profit.

North Korea's missile programme is purely for its defense. Unless Austin plans to invade N Korea. All the BS.

Do u seriously think we have "forced labour" in Malaysia ? If you receive wages in return for the work done, how is it "forced labour".

Now, they say it is forced labour if u work beyond the stipulated hours allowed under the law. But, most workers including myself voluntarily did that. So, does volunteer to work beyond the stipulated hours consitute "forced labour"? All BS.

First they said Pfizer is the most effective. Then, suddenly Israel call for booster shots. If it is that effective, why need for booster shots ?
Now, Pfizer says they may need to make another Omiconn vaccine. So, why calling for booster shots now when nobody is sure whether booster shots are effective.

If things go on like that, you may have take vaccine after vaccine.

Posted by hoesong > Dec 2, 2021 2:33 PM | Report Abuse

dare he investigae apple in china ... muahaha

He choose easy targets. Of course, there are lost of illegal migrant workers in US. You don't see him investigating those companies using these migrant labour.

Yes, they can. And soon 1 orange will cost RM10

we are dealing with the probability of possibilities. Could the rebound be wave 4? And making another leg down ? So much unknowns. Those who bought and sold on the same day would probably have made money.

On the lighter side ... prediction for 2022 by HK's Raymond Lo

"Tiger is also a powerful “Travelling star” which will trigger many people to travel and move around. As such, it will bring back international travelling with tourism and airline business returning to normal after two horrible dead years in 2020 and 2021. This should be the most important aspect 0f 2022-meaning the pandemic is under control and the world starts moving again. "

Chinese antibody cocktail a potential game changer in fight against Covid-19- SCMP

There have been hundreds of COVID-19 variants that have emerged since the outbreak began, only Delta survived, outraced Beta and Gamma variants, all which disappeared, said Jin Dongyan, a biomedical professor at the University of Hong Kong

Jin Dongyan, a biomedical professor at the University of Hong Kong, told the Global Times that most variants of coronavirus do not last long. Many of the new variants do not survive, and even if they survive, only a few become predominant variants.

China said they will release their oil reserves according to its own needs, not according to Biden's needs. Just a few drops in the bucket hardly dent oil prices.

They will answer you like Taju did "2 trains kiss" etc ...

If ppl does not buy in anticipation of future profits, then why are investors buying shares ?
It is that "hope" springs eternally in all humans. That is what drive the markets.
Who wants to buy in anticipation of future losses ?

it depends on how news channels report the results

If u compare the results of the last qtr with this qtr, profit dropped by 60%. The last qtr reported on 3 Aug , eps was 66.08 cts. This qtr, eps is 26.74 cts.

the news channels which reported an increase in profits are comparing this qtr with 2nd qtr 2020.

My source is www.malaysianstock.biz

@apple168 - Genting is financially sound. Makmur Tax does not affect Genting. By the time, normalisation takes place, Makmur tax would be gone. That is when Genting is making big money.

I am already out of date. I started my working life in an auditing firm way back in the early 1980s. Much have already changed in the accounting field but the basic principles remain. Sorry for so much confusion.

I obtained breakdown figures for its revenue ; in 2020, management fees-308.6 million tax rate 24% tax app 74 million

in 2019, management fees 698.1 million tax approx 167 million

@emsvsi is correct, dividend income for Genting Bhd not taxable but management fees, lincesing fees ... are taxable.

All in all, Genting not much affected.

On offsetting unabsorbed losses, the subsidiary companies of Genting which incurred the losses will offset it with tax liabilities that they have. If it is a foreign subsidiary, then they can offset it with tax of the foreign country, a different set of tax laws but basically the same principles apply.

Group accounts are all artificial. Since all Genting's subsidiary companies are limited companies, Genting does not have the means to touch their cash unless these companies declare dividends to Genting or pay licensing fees, management fees to Genting. All limited companies are separate legal entities. So the tax is actually on the dividends, fees... Genting receives. That is the reason why the law requires it to show also their results at company levels. It is the same for all other companies.

"As for 2021, I can guess that at company level, it has probably made over 1 billion before tax. Its revenue is from dividend income from all its subsidaries n management fees from all its subisidaries."

Correction:-

I would like to correct the above posting. Unless, its subsidaries increase their dividend payment, the profit at company level is probably the same as that in 2020.

Sori, an error in the last posting. In 2019 Genting , at company level, made a profit of 1.2 billion taxed 150 million leaving a profit of 1 billion.

As a comparison, in 2019 Genting, at company level profit is 1.8 billion.

Genting's 2020 annual report shows that : at company level, Genting actually made a profit of 741.8 million taxed 60.7 million leaving a profit of 681.1 million.

That is for 2020. As for 2021, I can guess that at company level, it has probably made over 1 billion before tax. Its revenue is from dividend income from all its subsidaries n management fees from all its subisidaries.

That is why Genting is financially sound.

Qtr results only shows results at group level. But tax is based at company level not at group level

I looked into the chart from Elliott Wave lens.

Hiap Teik has already its 5 wave uptrend that started in 2020. The last wave 5, with all its overlaps, is an ending diagonal. An ending diagonal means "the train is returning to its station". The top of the last wave 5 is not able to go past the last wave 3 high, indicating a failed wave 5.
The ensuing correction is bound to be deep.

Dealing in shares by principal officers means they are selling

Evergrande crisis is nowhere near Lehman. The 2009 crisis in US is caused by sub prime. There is no sub prime in China. The western media is crying because a lot of their investors bought Evergrande bonds. Maybe those investors may lose. Every investor is responsible for his investment decisions.
Like the 1997 Asian crisis, those western funds which lost complained that laws in SEA countries are not good. They look at the markets solely from the western perspective. They kept buying while the Japanese are actually selling.

How practical is tax on share trading? If profits on share trading can be taxed, losses on share trading can also be offset.

How many individuals can make huge capital gains? It is those funds, ASN KWSP KWAP ........

Wall Street’s Message on Evergrande: China Has It Under Control
Stock Markets3 hours ago (Sep 21, 2021 05:18AM ET)

Posted by Tobby > Sep 21, 2021 1:02 PM | Report Abuse

Juliana! Exactly! That's why China prevent this from happening! In a way, i think China did right by declaring atheism!

China is practising true secularism. That are lots of places of worship in China. The only difference is the state does not bring religion into its administration. The state does not propagate religion.
But ppl are free to worship since religion is private.

The building of places of worship needs approval from the state.Ppl cannot worship on the streets. No road side shrines are allowed.

I myself have been to places of worship in China. I also saw locals praying inside.

"dealings in securities by a principal officer" means this man is selling.

The writing is already on the wall for gloves some time ago. The players fixated themselves on the qtr EPS as if it is cast in stone.

as it is C89 is now out of the money.So those Investment bankers who issued the call warrants can sleep well.

I perused the strike price of TNB call warrants expiring in Sept

C84 maturity 27 Sep-strike price 11.44

C89 maturity 30 Sep-strike price 10.59

TG is roughly $9.81 before bonus based on this price now.

Why worry? US has lots of vaccines. Pfizer is now asking for 3rd jab or 4th jab.

Posted by whytwocare > Aug 12, 2021 9:51 AM | Report Abuse

check out the latest analysis for Maybank here: https://www.youtube.com/watch?v=y9LClhHnuXk

If you use Tradingview , after adjustment for dividend etc.. the chart does not look the same as that in Investing.com.

Posted by calvintaneng > Aug 10, 2021 6:39 PM | Report Abuse

The answer is obvious lah

Top glove wanted to be in Fortune 500 the exclusive club of US domination. Even huawei also got kicked out

Supermax is still relatively unknown so little threat

As for Esg on gloves and palm oil US should banned its cigarrete and weapons export

Gloves protect lives and palm oil is food while cigarrete cause cancer and pollution and weapons kill people

I totally agree with you. US economist, Richard Wolff, said there is no such thing as free trade. 'Free trade' is only used by US for PR purposes. The US uses other weapons such as 'human rights', 'ESG'..etc against others when they cannot compete.
Maybe, TG boss thought US is a beacon for 'free trade'.

osted by wallstreetrookie > Aug 4, 2021 12:59 PM | Report Abuse

It’s fibre optic Internet. Not fixed line duh. What year were you all born?

This is what I read from an analyst from AmInvestment Bank

"To some extent, Goh opined that TIME dotCom Bhd could also experience some heightened competition given that the company does not have any mobile options at this juncture."

Maybe you should ask him.

Government regulations affects the business sector. Now, here comes fixed line numbers portability. How would this affect Time?

Posted by RainT > Jul 26, 2021 9:23 AM | Report Abuse

DIGI or MAXIS

Never hold long term for Msia stocks

cannot play long term in Msia stocks , you will loss money or back to square 1 after many years holding

MSIA & USA is different

Msia dont have competitive advantage

Agree! As I look back, I am happy that I sold all my entire holdings of Maxis at 6.35 even though I should have sold at 6.85. But I was blinded by their dividends until Jibby gave the telcos his ultimate shock treatment. Like Keynes said: "in the long term, we are all dead".