Posted by coolinvestor > 2019-10-11 13:57 | Report Abuse

It is a very big developement value. Biggest in malaysia. I suspect LKH will milk this project for years to come.
Previously years ago, it was mentoned they will do 6b developement per year. It will last 20years plus

Posted by coolinvestor > 2019-10-11 13:58 | Report Abuse

I am keeping long term

Posted by Ameera > 2019-10-11 13:59 | Report Abuse

How long to keep? I m stuck at 1.15

Posted by coolinvestor > 2019-10-11 14:00 | Report Abuse

For me i plan to keep at least above rm3, but this is me

Posted by pang72 > 2019-10-11 14:02 | Report Abuse

Budget approved then start work lo!!

Immediate surpass rm1. 00...

Posted by coolinvestor > 2019-10-11 14:06 | Report Abuse

Remember, they did try to reverse list iwh into iwcity and list iwh onto klse. After BM collapse under BN, it was canceled. Its possible it will happen again

Posted by coolinvestor > 2019-10-11 14:10 | Report Abuse

Previously iwcity went up to rm3 before, its possible it may now go higher over time. How much? Its hard to say now. Rm4? 5?
Doesnt matter, it's a good deal in the long term
Cheers

Posted by xuxu > 2019-10-11 14:21 | Report Abuse

pang72 if know limit up i would add more haha

Posted by alanleeky > 2019-10-11 14:26 | Report Abuse

Slow sloooow Slooooooooow wait ....

Posted by fosther > 2019-10-11 14:52 | Report Abuse

Budget 2020 seeks to change economic landscape

KUALA LUMPUR (Oct 11): Many quarters are pinning high hopes for the 2020 Budget for measures to boost domestic demand and spur the economy as the current external headwinds, especially trade tensions, are dampening external consumption.

Between January and July 2019, Malaysia's trade surplus rose 15.9 per cent to RM81.62 billion from the same period a year ago, but total trade slipped 1.4 per cent to RM1.06 trillion.

Many Malaysians have shared their big expectations and aspirations for the budget, which will be tabled by Finance Minister Lim Guan Eng at the Dewan Rakyat today.

These include the desire to see the implementation of socio-economic initiatives that directly impact ongoing digital transformation under fourth industrial revolution.

People on the street are eager to know the initiatives being formulated to cope with the raising cost of living and better opportunities to be availed to enable them to enjoy a quality life.

Meanwhile, many economists have expressed hope that the budget will provide greater direction from the government of its vision and focus on sustainable growth.

They also called for a moderation in the fiscal consolidation by the government in view of the soft economic outlook.

Tax experts want a special attention be given to support growth of businesses and enhance the current tax administration.

They believe that the government should reduce personal income tax to increase disposable income so that the people will have more buying power to create spin-off effects to boost domestic consumption.

On the housing market, industry players have urged the government to consider market intervention to address the unprecedented issue of over-supply and over pricing of residential properties.

One thing for sure, the Pakatan Harapan government is listening to the people, while trying to keep its promise to restore Malaysia back to its fiscal health by 2022, despite having inherited a worrisome financial position.

The majority of analysts say Budget 2020 will reflect the government’s Shared Prosperity Vision 2030 that aims to restructure the economy and bridge disparities between the wealthy and the impoverished.

Posted by fosther > 2019-10-11 15:07 | Report Abuse

New Economic Model which advocates Shared Prosperity
PUTRAJAYA: Prime Minister Tun Dr Mahathir Mohamad has introduced a new economic model which advocates shared prosperity, with a target to provide a “decent standard of living for all Malaysians” by 2030 regardless of economic class, race and geographic location.

The new economic model will replace the one that was used in the past decade, which has failed to push Malaysia towards developed nation status as underlined in Vision 2020, said Dr Mahathir in his special address yesterday in conjunction with the first anniversary of “Malaysia Baharu” — the nation’s first change in federal government since its inception.

“In the past decade, the nation’s economy has transformed radically and this resulted in us not being able to become a developed nation as underlined under Vision 2020. The economic model in the past decade only focused on adding more national debt for megaprojects,” Dr Mahathir said.

“The 70% increase in job availability comprised unskilled jobs. Much of the nation’s equity ownership turned to foreign hands. Economic growth focused on the country’s major cities, and sidelined equity ownership and growth, as well as opportunities for locals,” he added.

As such, Dr Mahathir said the government has taken the approach where “the nation’s development today provides shared prosperity to the rakyat”.

This, the prime minister said, underlined better purchasing power for the people, and the narrowing of income and wealth gaps between classes, races, territories as well as the “extreme disparity in [the] supply chain”.

“In its simple definition, the efforts towards shared prosperity will allow Malaysia to be a nation that grows continually and sustainably concurrent with fair and inclusive equitable growth across the value chain, classes, ethnicity, and geography until it results in stability and harmony among the people by 2030,” Dr Mahathir said.

The shared prosperity model comprises three main objectives, he said.

Aside from overcoming wage and wealth gaps, the economic model will also introduce a new economic model for all — to create a more structured economy that is progressive and hinges on knowledge and values with participation from Malaysians across the board.

Additionally, the shared prosperity model will hopefully turn Malaysia into an important economic axis in Asia moving forward, Dr Mahathir added.

To establish this economic approach, Dr Mahathir underlined seven key pillars:

• better structuring and improving the nation’s business and industry ecosystems such as via adoption of Industrial Revolution 4.0

• application of digital economy, and adding more high-skilled jobs

• exploring new growth sectors, and turning Malaysia from a consumer nation to one that produces more international standard products

• reforming human capital, to improve labour market and wages

• strengthening social well-being through needs-based policies

• inclusive territorial development

• improving society capital, combined with strong social support mechanisms.

Additionally, Dr Mahathir also mentioned other enablers to achieve this goal, including a progressive fiscal policy, an administration with high integrity, an effective government institution delivery, better education, monetary stability, a comprehensive Big Data mechanism, as well as a civil and knowledgeable community.

“We hope the concept and planning can be scrutinised further across all levels of the Malaysian community, and will be brought to the grassroots level to obtain feedback and better ideas before it can be included in the 12th and 13th Malaysia Plan to achieve the target of Shared Prosperity 2030,” said Dr Mahathir.

Posted by William Ng > 2019-10-11 15:21 | Report Abuse

eko better or iwc?

Posted by alanleeky > 2019-10-11 15:24 | Report Abuse

一念天堂一念地狱。

Posted by pang72 > 2019-10-11 15:37 | Report Abuse

IWC better

Posted by pang72 > 2019-10-11 15:37 | Report Abuse

Easy to limit up.

Posted by Te_Te > 2019-10-11 15:56 | Report Abuse

@pang72, the concept apply 2 sided, Easy to Limit Up nut easy to Limit Down as well

Posted by Te_Te > 2019-10-11 16:01 | Report Abuse

Seems like not good...

Posted by coolinvestor > 2019-10-11 16:02 | Report Abuse

So naive

Posted by Te_Te > 2019-10-11 16:27 | Report Abuse

Red...red...sian...

Posted by xuxu > 2019-10-11 16:28 | Report Abuse

tak gerak .... aiyo

Posted by DatoLim24 > 2019-10-11 16:40 | Report Abuse

Got Bandar Malaysia bo ?

Posted by faizal > 2019-10-11 16:42 | Report Abuse

No construction budget in PH ,all digital economy budget
afternoom all NFCP stock booming up...TM ,opcom,redtone, netx

Posted by roger3210 > 2019-10-11 17:20 | Report Abuse

202. >>Kerajaan telah memutuskan untuk meneruskan Projek Bandar Malaysia dengan keluasan 486 ekar di Sungai Besi, Kuala Lumpur setelah berunding untuk mendapatkan terma yang lebih baik kepada Kerajaan. >>Projek ini akan merangkumi Taman Rakyat, dengan pertambahan lima ribu unit rumah mampu milik dan peningkatan penglibatan kontraktor Bumiputera dalam projek ini. Perolehan daripada projek ini akan dinilai dan diumumkan kelak, dan akan digunakan untuk mengurangkan hutang 1MDB

BUT

will it be IWC-CREC going to get it or re-tender?

Posted by nestor > 2019-10-11 17:56 | Report Abuse

lol roger, post here post there.
not tired meh
Let it be la. Monday all of us will know about it. No need keep posting. hahha

Posted by williamtkb > 2019-10-11 18:15 | Report Abuse

Monday sky is the limit.

Posted by PeirYun Sing > 2019-10-11 18:56 | Report Abuse

To be honest IWCity is not a cash rich company, but rather land rich in Johor area; whereas Ekovest is a cash rich company, especially with 10% extra placement back in June.
I still suppose both counters will be benefited but I believe Ekovest will be a better beneficiary that is capable to pay the huge deposits that are requested by the government back in April - June. I personally believe that this 60% stake for IWH-Crec consortium is treated similarly like 60% stake of China in ECRL, so they are more or less free to decide how they want to develop the project.
The government main concern is that how can they sell this 60% stake at a higher value to the consortium so they can get more cash. This is the challenge here which will render the entire project profit margin lower. But on a side note, government intervention and demand will actually serve as a catalyst that pushes up the entire future value (fv) of the Bandar Malaysia project.
Why?
Government involvement guarantees more direct foreign investment, which at current global economy situation, seems like a no brainer.

Posted by Depeche > 2019-10-11 19:58 | Report Abuse

Monday limit up?

Posted by Anisdesanika > 2019-10-11 22:00 | Report Abuse

Yes.

Posted by amircesc4 > 2019-10-11 22:09 | Report Abuse

https://www.theedgemarkets.com/article/govt-proceed-bandar-malaysia

Posted by Ameera > 2019-10-11 22:35 | Report Abuse

Last time limit up at 1.38

Posted by Anisdesanika > 2019-10-11 23:05 | Report Abuse

Let's just pray that limit up is in our destiny.

Posted by William Ng > 2019-10-11 23:14 | Report Abuse

Hope both oso limit up la, i figure out that ekovest have more cash, so i bought ekovest instead of this..

Posted by Depeche > 2019-10-11 23:16 | Report Abuse

Don't forget BM is a mega project...it hit limit up previously on rumours only...now is official.

Posted by Anisdesanika > 2019-10-11 23:24 | Report Abuse

Yes."Buy on rumours,sell on news"does'nt really apply here bcoz d size of d project is HUGE! RM140 BILLION WO!It's like"Buy on rumours,buy MORE on news"!!!

Posted by Depeche > 2019-10-11 23:50 | Report Abuse

Today traders are cautious...Monday will unleash the raging bull...sleep well over the weekend...Monday will be exciting

Posted by pang72 > 2019-10-12 00:36 | Report Abuse

IWC limit up, opcom limit up...

Many limit up... Hihi

Posted by Depeche > 2019-10-12 01:17 | Report Abuse

Hahaha..that'll will be double jackpot..

Posted by icecool > 2019-10-12 09:52 | Report Abuse

huat ah!!!

Posted by freddiehero > 2019-10-12 09:57 | Report Abuse

wan fly liao?

Posted by mlike > 2019-10-12 10:22 | Report Abuse

At the end apa pun tak ada.....

Posted by Anisdesanika > 2019-10-12 10:27 | Report Abuse

Sabar my friend...

Posted by kariwong9394 > 2019-10-12 11:38 | Report Abuse

I believe Next monday and the whole week will rocket up...PH goverment this time give gula-gula gao gao....

Posted by Anisdesanika > 2019-10-12 11:58 | Report Abuse

Dow jones also very good.Hope can sustain d momemtum.

Posted by Ameera > 2019-10-12 12:32 | Report Abuse

Ini kali lah... waiting for Monday...

Posted by Depeche > 2019-10-12 15:30 | Report Abuse

Limit up...anything less will be disappointing...hehe

Posted by Anisdesanika > 2019-10-12 15:40 | Report Abuse

Can 2 limit up happen in 1 day to d same counter?I've only seen 1 limit up per day so far...

Posted by Jokers2020 > 2019-10-12 20:49 | Report Abuse

those hoping for LIMIT UP will be disappointed as shark will push down to collect more first.

Posted by Hunger4money > 2019-10-13 00:00 | Report Abuse

Those sharks already pushed down the price and collected a month ago......

Posted by Depeche > 2019-10-13 02:17 | Report Abuse

Push down we collect also ma.

Posted by mala173318 > 2019-10-13 08:32 | Report Abuse

friday allready push down.monday will up