Posted by Jon Choivo > Oct 14, 2018 04:31 PM | Report Abuse
Sarifah,
How many times do you want to be seen as a kepala buto ah !?
=== Posted by SarifahSelinder > Oct 14, 2018 04:22 PM | Report Abuse
Jaga jaga ni la dia sebenarnya
Jaga jaga ni la dia sebenarnya
Kasar dan buli wanita
Posted by Jon Choivo Have you seen the insurance given to RMBS CDO's by AIG to Lehman Brothers etc?
Its was so under priced and stupid, that they need USD85 billion from the US govt to be bailed out.
Stock price drop from USD1,173 to USD19.43. Even today, its only USD 54 per share. Still 95% down from peak.
And this is AIG, the biggest insurance co in the world.
Guna otak sendiri boleh? You ingat china Allah ke? Takde pergi baca annual report bank-bank china ke? You want to see how the GIL expand anot?
ICBC in 2005 before listed, bad loans about 40% tau. Not kidding. Need so much injection by china gov to get it pretty for listing. And even then, GIL was 5 times higher than world average.
I don't care who borrow who, who invest in what, who give loan to who, who say what to who.
A-B-C-D- GST, Prices rise for you and me, Mesti makan Maggi mee, semua kena GST, bayar untuk 1MDB !
E-F-G-H- SST, Harga barang masih sama tinggi, Masih makan maggi mee setiap hari, Ditambah lagi banyak cukai baru mari !
I J K L -CGT, Pelabur Bilis bayar cukai keuntungan, Pelabur Asing semua lari, Taiko Khazanah, KWSP disuruh beli, Bursa jatuh kerana pembeli dah lari, Akhirnya Khazanah, KWSP makan Maggi mee.
Korus:
PH kah harapan sejati Manifesto GE sukar ditepati Berita buruk hari-hari Nak tangkap pencuri tak jadi
M-N-O-P Gaji besar menteri-menteri Juga orang-orang GLC Habislah dana negara bayar gaji Masih tak sekuat mana RM dan KLSE
Q-R-S-T Gaji buta diambil, bos dipuji Budaya ampu, kerja tak peduli Tidak malu turun prestasi Dapatkah kemerosotan negara diatasi?
Rap part:
U U-turns tak habis-habis bagai komedi V We want a gomen for the ppl, bukan untuk diri W Double up the econ pie X Axe all the redundant highly paid officers Y Why? Z Zzzz enough, wakey
Dear all, Will the stock broker able to give us sell statement to indicate whether we are profit or loss for each trade? If not how to file this profit or loss? By the way KYY most likely also having a loss year what CGT to pay? Then how to write off those counter that got suspend (Xingquan) as loss? If really PH government short of money than perhap just increase the stamp duty so as to make day trading or big shark cost of selling and buying from right hand to left hand more costly. Also please tax those major shareholders that profited from esos. Lastly Bursa and SC need to respond to complaint more efficiently and should not hide under confidentality of information to deny updating their investigation.
If really PH government short of money than perhap just increase the stamp duty so as to make day trading or big shark cost of selling and buying from right hand to left hand more costly. Also please tax those major shareholders that profited from esos.
Usually they tax on REALIZED gains or loss. Which means you need to have sold it.
So KYY unless he sold XQ, may not get to utilize that tax loss.
If the gov do implement cgt, the brokerages will naturally need to adjust and provide this service, like how every single brokerage that operates in countries that tax cgt do
In addition, people seem to forget CGT on equities, is on all equities.
Even if the gain is from US equities, you also need to pay, cannot run.
That is why for US equities, we don't pay tax, despite Americans paying tax.
Because our government do not tax us.
============= Posted by Sslee > Oct 14, 2018 07:06 PM | Report Abuse
Dear all, Will the stock broker able to give us sell statement to indicate whether we are profit or loss for each trade? If not how to file this profit or loss? By the way KYY most likely also having a loss year what CGT to pay? Then how to write off those counter that got suspend (Xingquan) as loss? If really PH government short of money than perhap just increase the stamp duty so as to make day trading or big shark cost of selling and buying from right hand to left hand more costly. Also please tax those major shareholders that profited from esos. Lastly Bursa and SC need to respond to complaint more efficiently and should not hide under confidentality of information to deny updating their investigation.
1. We need to understand each market unique characteristic. Our market liquidity is a problem due to domination of institutions. We need more liquidity not less. Value Partners also commented that our market free flow is too little and it's unhealthy. If CGT is imposed which discourage realising profit by our institutions, chances are they will never dispose any shares even when valuations are unattractive, which also means value investors will not waste their time in our market
2.I agree with you that some reforms are needed to strengthen our capital flows. But these can't be improved overnight whereas new taxes can dent confidence instantly. Again using a patient's analogy, you don't perform surgery on a weak patient, you let him recover strong enough first before it can be done
3. I am mainly referring to market with low liquidity for your point 3. It's the same problem why Sdn Bhd find it hard to raise equity because many people don't invest due to lack of liquidity. Companies don't stop raising financing once they list. They might still need placement, rights issue etc. to continue to grow the company. If our market is not attractive, they will list elsewhere where it's easier to raise money in the future. And mind you, good companies which can list elsewhere probably will while those lousy companies which can't list anywhere but Bursa will stay. That's when you end up with a bunch of rejects in our market
Bottom line, my personal view is CGT is the wrong tax (limited revenue impact) at the wrong time (volatile capital flows). Our priorities now should be clean up and develop our capital markets first. Beyond that, I am not entirely against the concept of CGT
I think its a right tax, just wrong time for now haha.
On 3, i think its not just about the market is not good. Its mainly because interest rates in the US were so low. People are therefore very willing to make highly speculative bets.
There is a common complaint among startups here, everytime they try to raise funding. people keep asking them how are they going to make money.
Very few is willing to take a punt on a purely speculative venture.
I don't see anything wrong with this.
I cant really think of a private placement these days that flopped. And in any event, a company that constantly need to raise money with placement, right issue etc, is probably a pretty horrible one.
Let those list in the NYSE.
===== Jay 1. We need to understand each market unique characteristic. Our market liquidity is a problem due to domination of institutions. We need more liquidity not less. Value Partners also commented that our market free flow is too little and it's unhealthy. If CGT is imposed which discourage realising profit by our institutions, chances are they will never dispose any shares even when valuations are unattractive, which also means value investors will not waste their time in our market
2.I agree with you that some reforms are needed to strengthen our capital flows. But these can't be improved overnight whereas new taxes can dent confidence instantly. Again using a patient's analogy, you don't perform surgery on a weak patient, you let him recover strong enough first before it can be done
3. I am mainly referring to market with low liquidity for your point 3. It's the same problem why Sdn Bhd find it hard to raise equity because many people don't invest due to lack of liquidity. Companies don't stop raising financing once they list. They might still need placement, rights issue etc. to continue to grow the company. If our market is not attractive, they will list elsewhere where it's easier to raise money in the future. And mind you, good companies which can list elsewhere probably will while those lousy companies which can't list anywhere but Bursa will stay. That's when you end up with a bunch of rejects in our market
Bottom line, my personal view is CGT is the wrong tax (limited revenue impact) at the wrong time (volatile capital flows). Our priorities now should be clean up and develop our capital markets first. Beyond that, I am not entirely against the concept of CGT 15/10/2018 08:26
The government’s plan to introduce new taxes in order to pare down the national debt of RM1 trillion became the talking point after Prime Minister Tun Dr Mahathir Mohamad, Finance Minister Lim Guan Eng and Bank Negara governor Datuk Nor Shamsiah Mohd Yunus all spoke about it during the Malaysia: A New Dawn conference on Oct 9.
Incidentally, Bursa Malaysia saw a bloodbath the next day, with the FBM KLCI shedding 39 points, falling the most in nearly five months.
An excellent idea for causing further financial bloodbath to all Malaysians if implemented !
it's just to reduce manipulation in stock market loorr, it's encourage investor to study what stock they want buy and just buy ONCE in a year,...end of year or next next year only sell your stock... so kena ONCE only tax should be not that bad. just my 2cents
If market is bad and most people lose monies...why wrong timing leh ??
Lose monies....why worry about CGT....as u do not need to pay tax loh...!!
Posted by Jon Choivo > Oct 15, 2018 09:10 AM | Report Abuse
Fair enough.
I think its a right tax, just wrong time for now haha.
On 3, i think its not just about the market is not good. Its mainly because interest rates in the US were so low. People are therefore very willing to make highly speculative bets.
There is a common complaint among startups here, everytime they try to raise funding. people keep asking them how are they going to make money.
Very few is willing to take a punt on a purely speculative venture.
I don't see anything wrong with this.
I cant really think of a private placement these days that flopped. And in any event, a company that constantly need to raise money with placement, right issue etc, is probably a pretty horrible one.
yup, its good that jon raised this topic but the main issue with the market is liquidity and encouraging retail participants. a cgt will drive off many small retailers while not encouraging capital inflow, this need the economic, finance and international trade ministries working together.
unfortunately, i m not seeing this govt working on anything substantial on the economics front.
KLCI King Good job, Jon, different ideas & opinions are welcome for such topic. 15/10/2018 16:06
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....
KenaTipu_
47 posts
Posted by KenaTipu_ > 2018-10-14 17:06 | Report Abuse
If loss can claim from govn? How to claim or allow to claim? Why only hear capital gain tax not capital loss tax refund haha?