this post-election rally just started, no reason to sell, will rally for few weeks at least... the more announcement made by Tun from time to time just gonna get the economy sentiment stronger and stronger..
i do not think Petronm , PetDag related stocks will shoot up because they got the obligation to provide more subsidies to the present gov manifesto to reduce the fuel price to a liter at 1.50 . The reason being they are part of gov GLC....They are formed to serve the rakyat not their pockets.
new gov has assured that petrol price will be fixed no matter its price is up or down ; that's mean the new gov may subsidize the price if the price is up , so we welcome the positive move taken by the new gov . Further to that the abolishment of GST shall see rakyat's saving of nearly 25B yearly will create better purchasing power which will boost the economy to a greater largesse . The splinter effect to country economy will be fantastic.
Subsidy does not affect producers. Example, hengyuan sells at market price to Shell. Shell sells at government price to consumers. Difference in profit margin, government pays to Shell. That's how subsidy works.
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Posted by leslieroycarter > May 14, 2018 12:47 PM | Report Abuse
i do not think Petronm , PetDag related stocks will shoot up because they got the obligation to provide more subsidies to the present gov manifesto to reduce the fuel price to a liter at 1.50 . The reason being they are part of gov GLC....They are formed to serve the rakyat not their pockets.
Thank you PAKATAN HARAPAN Light BLue EYE all the way as Tongkarat said Thank you to Tongkarat n Team for their tireless campaigning And Rafizi and TEam Invoke for their relentless efforts in the face of intimidation.
crude oil remain high.......meaning margin getting smaller?? because past 7 weeks petrol price remain same ohhh.....I cleared my petron a'dy.....let see how 1st
Good news announcement again the council of leader Kuok and tun Daim had met finance leaders commit European 500billion investment today not loan to Malaysia... Before market close... Kuok will summarise Friday commitment from China monthly of allocation heavier weightage of palm oil, rubber etc from Malaysia..
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Posted by paperplane > 2018-05-14 12:19 |
Post removed.Why?