One day show only lah !! For the past 2 days the volume went up because there is a speculation that Mukhriz Mahathir is going to be appointed as the Menteri Pengajian Tinggi if Agung gave the nod for Mahathir to form a new Government.
Obviously it didn't played out. Our Agung is not that stupid since most Sultans hold grudges with Mahathir after he curtailed their power the last time. Another thing is that if Agung let Mahathir has his way then it will become a precedent. Meaning an elected democratic Government can easily be overthrown whenever MPs shifting camps in large numbers. I ask you people will there ever be political stability in Malaysia if such culture exist in Malaysia. How to attract Foreign Investors when there is no political stability. How about holding on to the current FDIs? Agung is not that stupid to act according to Mahathir's and his supporters whims and fancy.
Another speculation is that Mukriz was once a majority shareholder in Eduspec. Some smart alec did try to connect the dots. The conclusion is that if Mukhriz is elected as the Menteri Pengajian Tinggi then surely it will boost Eduspec share price because he might again be the next major shareholder.
Well, in the end it is just a dream or a WET DREAM should we say !!!
Bersatu left PH....Now Malaysia No Govt.....When PM resigns....Meaning No Ministers.....AGUng in charge ....He is the Army Five Star General....Army will take over if anything happens....Mageran
At the meantime more and more countries banning flights and visitors from China and also those who have visited China for the past 14 days.
Economic impact is going to be huge and this will be much worse than SARS. The rate of infection in terms of speed number of infections already surpassed SARS in 2003. If you can remember what SARS did to our Bursa and economy then you should expect much worse this time. Sooner or later people is going to abandon places where there are crowds such as restaurants, cinemas, hotels, shopping centers, airlines and so on. Nobody is going to spend money and our economy will be grinding to a halt.
What do you think our Government's priority then? Implement STEM education or save our ass (economy) first?
This impact is going to have big impact for the global stock markets. Slowly they will be making new lows with occasional rebounds. I am not surprise if Dow Jones going back to below 20,000 by end of this year. As for our Bursa, i am not surprise to see anything below 1200 by year end.
So, brace for the impact guys and good luck in your investing !!
Back then some people here are laughing and thinks this won't affect the markets. So now you reckon covid-19 still don/t have any meaningful effect on the stock market?
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....
birkincollector
4,130 posts
Posted by birkincollector > 2020-02-24 12:26 | Report Abuse
this kind of market price still maintained....good lor