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5 comment(s). Last comment by Fortunebull 2013-10-26 15:42
Posted by sephiroth > 2013-10-26 13:57 | Report Abuse
Dear all property stock shareholders, pls throw like there's no tomorrow and drag down the price by 90%, my $$$ is itching to go in
Posted by sephiroth > 2013-10-26 14:19 | Report Abuse
CIMB report dated 25/10/13
We retain our Overweight call on the property sector. As a result of excessive concerns in the months leading to the Budget, the net impact of the 2014 Budget on property stocks is likely to be neutral. Investors will be relieved that property-related measures are not excessive and that the anticipation overhang on the sector has been lifted. Property stocks have de-rated and underperformed the broader market since June when speculation about the ban on DIBS first surfaced. However, there could still be knee-jerk selling pressure on property stocks next week. We would view that as an opportunity to accumulate positions. Developers continue to chalk up record sales and profits and the overall longer-term outlook for the residential property market will be strengthened by the measures to curb speculation. Our top picks in the sector remain Mah Sing and UEM Sunrise.
Posted by Funtrade > 2013-10-26 14:38 | Report Abuse
Those who don't know anything about property will throw while the smarts will collect at low. Let's see who will laugh till the end.
Posted by Fortunebull > 2013-10-26 15:42 | Report Abuse
Funtrade! Give you explanation wisely! I have made rounds of profit from property counters! I say better sideline until you get better picture! Or else you will be trapped holding for years! Be wise!
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CS Tan
4.9 / 5.0
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....
palmprincess
81 posts
Posted by palmprincess > 2013-10-26 11:40 | Report Abuse
He said "the reality is that inflation now is low at 2% ???? :(