Article done?? Now every big boss trying push price up to unload! Dangerous sign! K expect 2h2016 to habeve a mini crashing if not a !major one! Take cover!
Aiyo, so many comments, sorry lah busy counting my money today. No time chit chat. Now 2nd day only mah, how u know I will not beat all by yr end 2016! Hehehehe
Investment guru Datuk Gavin Tee expects 2016 to be “the worst year for Malaysian property” on the back of weaker economic growth, loss of pricing power and subdued financing, reported The Malaysian Reserve.
“2015 was bad, and 2016 will be worse,” said Tee, founder and President of SwhengTee International Real Estate Investors Club, at a recent briefing in Kuala Lumpur.
“I’ve travelled all over the region, speaking to ministers, developers, investors and the media. The feedback (on Malaysia) is something you don’t want to hear.”
Notably, property prices within the secondary market fell 15 percent this year due to weaker demand and the absence of speculators.
As such, Tee expects prices to drop even further compared to the past few years as buyers do not foresee significant positive changes in the first half of 2016.
And while property prices may not go back to the levels seen in 2009 and 2010, they will be at their lowest for the next eight years, he noted.
Lower prices, however, will not translate to more sales for developers given the slowing demand for property.
“Demand is low in the sense that there is lower foreign investment and job creation, lower purchasing ability from Malaysians, as well as the poor economic and political situations,” shared Tee.
A bigger dilemma is the high loan rejection rates, which stands at over 50 percent for KL-based properties and 80 percent for Iskandar-based properties.
Tee said that the Malaysian government should relax the cooling measures and take more steps to make it easier for investors to acquire property.
He added that if financing policies do not change, the government would not be killing the Malaysian property sector but the “Malaysian pockets”.
“If you make it difficult for local investors, the wealth will transfer to foreign hands,” he said.
Paperplane, you are aiming -5% for 2016 stock pick, shame on you! When you win, you will shout loud loud, when you lose, you will say: I told you already.
paperplane2016 1122 posts Posted by paperplane2016 > Jan 15, 2016 07:00 PM | Report Abuse
Desa, this is my real life portfolio. As you see, I only try to survive. Shld this yr really is CRISIS yr. I hope to not do so bad. Maybe -5%..........hopefully not tht bad
i think paperplane -5% profit target is very reasonable, in view with his track record, if he can make -5% profit, is already a big achievement for him
Following the announcement of Malaysia's Budget Revision (2016) by our PM on Thursday, traditional export sector stocks that have been firm the past year have taken a drastic turn south. New sector stocks are now seen to be taking over the place of export led stocks.
Our charts have shown that export-led stocks are taking a beating from the following:
1). A strengthening ringgit. 2) A strengthening crude oil price. 3. A shift of investors interest as a result - from export to other sectors that are being buffeted by PM's Busget Revision announcement of 28.1.2016.
Generally export led stocks under pressure - stay aside for now.. There may be a bullish everosal for expert stocks later...When oil falls back and ringgit weak again.,,,but we dont see it before CNY.
Any rallies should come from the sectors below (csource: CIMB research):-
If global sovereign cut int erest into zero, near zero or even negative interest in extreme, high div yield stocks and high quality bonds going to do well! Ppl going to reallocate funds to something fixed and safe in view of mid to longterm. Low interest
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
KoonBee1
173 posts
Posted by KoonBee1 > 2016-01-05 20:30 | Report Abuse
I will write a very interesting article with that stupid photo of paperplane