Like I said before, property counters already dated and overplayed! Now the shift is into constructions or any counters related to government mega project awards!
Also noted is Malaysia is the 4th largest shopping destination and recently reported car sales also increase and GDP at 6.2 and more and more development is happening. I was just following the Mitsui Factory Outlet which is located otw to KLIA and etc.
While got downside but the prep I see as gearing towards after next 2 to 3 years
According to Technical chart, Plantation and Properties indexes are the most bullish. Properties Index broke new high on 22 April 2014, currently Plantation Index was making new high on 16 May 2014. Properties Index is undergoing correction at the moment, I do not think it is going to crash. Trade what you see but not what you hear. Thank you.
Keeping my watch on jjohore pendulum swing whther it swings more to southwrds or,nrtwrds , as pointed out by caLvintanng research;daiman stck did indeed showed signs of crrections - faling blw its support of 3.46 aftr its high of 3.67,3.72! But d fear of infections may rattle johre stocks too when other stocks went down...
Thailand? You've got to be kidding! Everything I read says that the months and months of protests and no functioning govt. is killing GDP.
Anyway, with high GDP in Malaysia and rising inflation, does anybody think that the imminent raising of interest rates will negatively affect the property sector? Are people talking about this?
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Posted by Lotusf1 > 2014-05-18 20:35 | Report Abuse
Do we need to stay away from property stocks and for those who hold may have to liquidate bfre.it crashes!