Posted by akito > 2013-10-26 02:27 | Report Abuse

But then Goods and Services Tax (GST) is a regressive tax. GST will shift the tax burden from the rich to the poor. Ordinary people will be forced to pay GST when they buy something or use a service. GST will make the poor poorer and widen the gap between rich and poor.

Posted by akito > 2013-10-26 02:29 | Report Abuse

If u ask me how I see this budget, I feel sad to see the budget has increased from RM252 Billion last year to RM264 billion. Aiyuh!! Wang mana cukup? How not to implement GST??

Posted by ktrader > 2013-10-26 06:56 | Report Abuse

EPF have been acquiring uems shares for many days this month.....this is a strong indication that uems is well supported and could probably moving upwards as the uncertainty regarding RPGT is over...!!

Posted by Stockman > 2013-10-26 07:48 | Report Abuse

RPGT is bad for speculators. But real house buyers are alot more than speculators. Don't worry property market will remain strong

Posted by Fortunebull > 2013-10-26 08:26 | Report Abuse

Akito! I think you got GST wrong! You read too much biased article! GST paid by businessmen, how can poor pay tax! Read first how GST work! Customers not paying GST but businessmen pay to government! If businesmen dont pay and charge us ridiculous, we complaint to consumer association aek them to investigate!

Posted by stockinsider > 2013-10-26 08:51 | Report Abuse

you are wrong furtunebull...not businesman..all malaysian pay the GST..GST have no impact on property ctr.

Exempted from GST are transportation services as well as sale, purchase and rental of residential properties and selected financial services.

Read more: 2014 Budget: Highlights - Latest - New Straits Times http://www.nst.com.my/latest/font-color-red-2014-budget-font-highlights-1.384893#ixzz2imiYvqFT

Posted by ktrader > 2013-10-26 10:14 | Report Abuse

Blimey,...how could fortunebull say customers won't be paying GST.....!! you're plain negligent or what?!

Posted by Fortunebull > 2013-10-26 10:17 | Report Abuse

Property will be greatly affected by RPGT! Those holding within 3 years need to pay 30% RPGT! Those holding below 5 years 20%! That's a lot! Half buyers are speculators! But we wait and see! Its my personal profile not to hold any property counters until things become very clear! Many other counters to make money such as GST related! Stockinsider! You link only budget highlights! Where's the GST where all Malaysian pay GST! I said you read proper explanation on GST! http://www.youtube.com/watch?v=jABxg2FNiH8 Watch this simple explanation on GST! This link free from all bias!

Posted by stockinsider > 2013-10-26 10:51 | Report Abuse

Hahhaa..rpgt and gst is two different thing sir! Agreed rgpt will impact the property ctr but not gst. I dont agreed with your statement businessman pay the gst not customer..that one totally wrong sir..businesman is a medium to pay the tax to gov..costumer actually pay the tax..i living in multiple country had implemented gst..when we pay the bill actually already included gst..then from this budget gov was excluded any cost of buying property in gst...dont make any speculation if you know nothing about this..dont destroy the property ctr market..please respinsible with any statement..learn..research..then make a valuable statement.

Posted by Fortunebull > 2013-10-26 10:59 | Report Abuse

Stockinsider! I never said property counter need to pay GST! I said better go for GST related counters! You reading my comments all wrong! Beside I have made money on UEMS many rounds, I cant say about you! Up to you to defend property counters! I am here to make money from bursa not argue who win the argument! I am stupid fool trying to discuss just to win argument! I am proud to say I made a fortune from bourse and continue to do so! If you think no affect at all, by all means put all your money in property counters! I have no objection!

Posted by Fortunebull > 2013-10-26 11:08 | Report Abuse

Before budget announce, almost all property counters were push up, E&O, huayang, uems, mahsing etc! Come Monday, all will drop down! But we shall wait and see! For me, best not to buy if drop! My portfolio will shift towards GST related counters!

Posted by xenolover > 2013-10-26 17:43 | Report Abuse

fortuneBull, which is GST related counters??

Posted by Fortunebull > 2013-10-26 18:22 | Report Abuse

Xenolover! Check my earlier postings! All there!

Posted by JENNY6888 > 2013-10-26 21:25 | Report Abuse

PROPERTY counters might be negatively affected due to new measures in budget 2014

Posted by Fortunebull > 2013-10-26 21:27 | Report Abuse

Jenny, no doubt about it!

Posted by JENNY6888 > 2013-10-26 21:27 | Report Abuse

how bad you think?

Posted by Fortunebull > 2013-10-26 21:30 | Report Abuse

We will see next week! The knee jerk reaction! But I am not touching any more property counters for now! How many developers willing to go for affordable housing which give minimal or risky loss projects! Only high end projects give the fat margin!

Posted by JENNY6888 > 2013-10-26 21:51 | Report Abuse

5-10% drop on all property stocks come monday

Posted by Ooi Teik Bee > 2013-10-26 22:02 |

Post removed.Why?

Posted by ganasai > 2013-10-26 22:47 | Report Abuse

wah, whole sector bearish. When people scare, this is your chance. Become king of property! 5-10% is little. This is long term effect. So, should more than that.

Posted by Foresight123 > 2013-10-27 01:07 | Report Abuse

Good News is, UEMS is index linked, the market will most probably be up next monday. If Fbmklci breaks 1826, Uems breaks 2.70. If not, Sell.

Posted by bigFAT > 2013-10-27 15:11 | Report Abuse

tomorrow knee jerk reaction expected..tomorrow may reach RM 2.10

Posted by akito > 2013-10-27 15:39 | Report Abuse

Not that bad but should be a ok.

Posted by JENNY6888 > 2013-10-28 00:28 | Report Abuse

expecting 5% sale on all property counters tomorrow :(

Posted by super911 > 2013-10-28 00:38 | Report Abuse

5%? I hope it does, coz my bullets are all ready if so.

Posted by akito > 2013-10-28 00:42 | Report Abuse

Posted by Ooi Teik Bee > Oct 26, 2013 10:02 PM | Report Abuse

The drop is temporary, I do not think it is 5-10%. I take it as an opportunity to buy if there is a big drop.
I believe market is always very efficient one, the price drop had been factored in before the budget.
Thank you.
*********************************************************

Exactly brother Ooi. We should look forward to better pricing as GST comes in 2015 and people may rush to buy properties now before the GST comes into effect in 2015. People are smart, buy now rather than wait to pay extra in 2015. Let's see then.

Posted by Fortunebull > 2013-10-28 00:48 | Report Abuse

Akito! You should quote it as RPGT for property! No relation to GST! RPGT will be implemented next year! Only GST delay to 1st April 2014!

Posted by akito > 2013-10-28 06:08 | Report Abuse

Posted by Fortunebull > Oct 28, 2013 12:48 AM | Report Abuse

Akito! You should quote it as RPGT for property! No relation to GST! RPGT will be implemented next year! Only GST delay to 1st April 2014!


*********************************

The BN has also included some items to be tax exempt (as opposed to zero rated) under the GST such as residential properties, financial services, health care and transportation. What this means is that the end product sold is not taxed by the GST. But the inputs used to produce these goods and services will still be taxed by the GST. For example, residential properties won’t be taxed by the GST but the construction materials used in the building of these residential properties WILL BE covered by the GST. What this means is that the prices of the goods and services which are tax exempt will also likely rise as a result of the GST.



So, brother Fortunebull, the building materials that goes into building a house is more expensive and so will be the cost of building the house & the developers will past the extra cost to buyers that's for sure. So in a way GST does have an effect on the extra or additional cost of building a house & so why not buy it now rather than wait to pay extra GST?

Posted by lennon > 2013-10-28 08:49 | Report Abuse

Loads of BS!

Posted by Fortunebull > 2013-10-28 09:00 | Report Abuse

Ha! As expected! I see all property counters in deep selloff que!

Posted by pd57 > 2013-10-28 10:07 | Report Abuse

just a knee jerk reaction. Demand is rather 'inelastic' for properties developed by established cos like UEM, SP,etc. Don't run down these counters just because u r not in it.

Posted by pd57 > 2013-10-28 10:55 | Report Abuse

akito, totally in agreement with u. Besides all these established property counters has billions in unbilled sales. Once they have fully booked in these sales, high time to benefit further from higher prices thru the indirect pricing effect when GST kicks in. Lastly properties and stocks are meant for long term investment. My 3 childrens medical education were financed by 2 single storey house in Bangsar! I am seeing these house prices on an upward trajectory > 1.4m, no letting down. So invest and hold for returns and for next generation my friends

Posted by maskcol > 2013-10-28 16:01 | Report Abuse

any ppl looking at uems c1?

Posted by Dylan1027 > 2013-10-28 16:11 | Report Abuse

when up jz 3-4 cents and when down is 10-15 cents. hopeless

Posted by Fortunebull > 2013-10-28 16:23 | Report Abuse

Drop 13 cents! Luckily sold last Friday!

Posted by JENNY6888 > 2013-10-28 16:27 | Report Abuse

smart alex

Posted by 31153115 > 2013-10-28 16:31 | Report Abuse

maskol, I did, second entry before budget, withdraw also before budget, not bad the profit, enter now is at higher risk

Posted by Foresight123 > 2013-10-28 16:33 | Report Abuse

RSI so low.... SELL !

Posted by pd57 > 2013-10-28 16:48 | Report Abuse

the herd mentality again!

Posted by pd57 > 2013-10-28 17:01 | Report Abuse

Property sector drop 2.0% to 4.0%. Expected kneejerk range.

Posted by Airo Chasz > 2013-10-28 21:43 | Report Abuse

im buying uems ct very low premium

Posted by jenabchen123 > 2013-10-29 15:20 | Report Abuse

Bigfat, your posting above was flagged? Apa pasal?

Posted by kurangmanis > 2013-10-29 16:19 | Report Abuse

Wow! The power of RGPT and 1m minimum for foreign buyers are so powerful, and will kill the entire Iskandar dream?

Posted by Fortunebull > 2013-10-29 16:25 | Report Abuse

Hit new month low of 2.38! Cant believe just last week dispose at 2.60 after buying 2.46! Even at this low i wont touch!

Posted by kurangmanis > 2013-10-29 16:40 | Report Abuse

Sorry typo, RPGT. Hehe

Posted by nasdaqtrader > 2013-10-30 10:14 | Report Abuse

anybody know what is p/e for this stock at 2.40... is it already cheap enough to buy.

Posted by member41 > 2013-10-30 10:17 | Report Abuse

maybe wait lower... last drop touch 2.3x

Posted by nasdaqtrader > 2013-10-30 10:24 | Report Abuse

what is the p/e or quarterly earning like to justify it is cheap.

Posted by ferdtwh > 2013-10-30 15:33 | Report Abuse

how low it could go, below 2 ?

Posted by chargeman > 2013-10-30 15:58 | Report Abuse

Perghh.......going down without brake......