many foreigners may visit and buy properties for vacation, investment or retirement :)
Ayala can bring more rich filipinos to buy mct properties :)
KUALA LUMPUR (Nov 13): An additional allocation of RM200 million has been provided to the Ministry of Tourism, Arts and Culture Malaysia (MOTAC) for the implementation of the stimulus package under the Tourism Rehabilitation Plan for 2021.
Its Minister Datuk Seri Nancy Shukri in a statement today said apart from the allocations announced by the Finance Minister during the presentation of the Budget, there were several other provisions under MOTAC specifically to assist the tourism, arts and culture sectors.
"This is expected to stimulate and inject domestic spending consistently and in turn create a multiplier effect, especially for industries linked to the tourism, arts and culture sectors," she said.
She said the stimulus package included accommodation vouchers, tourist destination discounts, family travel package discounts as well as the revitalisation of arts and culture.
"Also included in this recovery plan are transportation discounts, shopping discounts and discount packages for frontliners as well as the ‘Meet in Malaysia Campaign’," she said.
Yesterday, she chaired an online engagement session with tourism and culture industry activists.
Among those involved were Malaysia Airlines, Air Asia, Malaysian Association of Tour and Travel Agents (MATTA), Malaysian Association of Hotel Owners (MAHO) and Malaysian Artistes' Association (Karyawan).
Nancy said the government also understood the situation of industry players who were badly affected by the COVID-19 pandemic and would work to ensure the industry remained competitive and recovered quickly through various stimulus packages and recovery plans to be implemented based on the announced Budget.
KUALA LUMPUR (Nov 14): Bursa Malaysia is expected to trade higher next week with investors likely to go on a bargain-hunting mode following last week's losses but progress in the Covid-19 vaccine development will weigh on risk appetite.
Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said the local bourse could expect to see further retracement in the glove counters due to Covid-19 vaccine news.
He also expects small capitalisation stocks to start making a comeback.
Bloomberg reported Asian stocks climbed with US futures amid positive sentiment on trade in the region and after a US national lockdown was ruled out. The dollar retreated.
The Asian benchmark was on track for a record close as shares rose across the region with Japan and South Korea outperforming. Asia Pacific nations including China, Japan and South Korea on Sunday signed the world’s largest regional free-trade agreement.
KUALA LUMPUR: The ringgit opened higher today against the US dollar, supported by the signing of the Regional Comprehensive Economic Partnership (RCEP) yesterday.
The RCEP agreement was signed among its 15 participating countries. Participating countries include the 10 member countries of the Association of Southeast Asian Nations (ASEAN), as well as China, Japan, South Korea, Australia and New Zealand.
At 9.06 am, the local currency stood higher at 4.1150/1230 against the greenback compared with last Friday’s close of 4.1220/1260.
Axi chief global market strategist Stephen Innes said the signing of RCEP will be favourable for the local note as is the general tailwind from the COVID-19 vaccine which would reduce the chances for some of the markets more downside extreme scenarios.
"The greenback should also weaken a touch broadly under this scenario which should boost the ringgit today,” he told Bernama.
Against other major currencies, the ringgit was traded mostly lower at the opening today.
It fell against the Singapore dollar to 3.0570/0643 from last Friday’s close of 3.0558/0608 and decreased against the British pound to 5.4384/4494 from 5.4291/4360.
The local note weakened vis-a-vis the yen to 3.9329/9417 from 3.9246/9288 but appreciated against the euro to 4.8734/8845 from 4.8743/8802 previously. - Bernama
BEIJING: Chinese new home prices grew at a slower monthly pace in October, data showed on Monday, as many developers moved to cut prices to promote sales amid tighter government scrutiny on borrowing.
Average new home prices in 70 major cities rose 0.2% in October from a month earlier, the slowest monthly growth rate since March and down from September's 0.4% growth, according to Reuters calculations based on data released by the National Bureau of Statistics (NBS).
Compared with the same month a year earlier, home prices rose 4.3% in October, easing slightly from September's 4.6% growth.
Zhang Dawei, a Beijing-based analyst with property agency Centaline, said the tightening measures imposed by many cities have started to put pressure on home prices growth, especially as some have rolled out price caps on new home projects.
Sales promotion campaigns amid increasing housing supply during the traditional peak season also weighed on prices, Zhang added.
China's massive property market recovered quickly from the coronavirus crisis earlier this year, due to cheaper credit and looser purchase restrictions in some cities.
But with sales picking up steam, policymakers have taken a tougher stance since the start of the second half of the year, with regulators increasing scrutiny on financing activities of developers and buyers to prevent rampant growth in borrowing.
The NBS data on Monday also showed the number of cities reporting monthly price increases for new homes fell to 45 out of 70 from 55 in September.
In contrast with the softening prices data, China's October real estate investment rose 12.7% from a year ago, quickening from September's 12% and the fastest pace since July 2018, according to Reuters calculations based on data from NBS.
Property sales by floor area rose by a solid 15.3%, the highest in more than three years, while new construction starts expanded 3.5%, improving from last month's fall of 1.9%.
"The robust investment data was mainly fuelled by home construction activity, as developers' land purchase slowed down since the third quarter as regulators planned to impose rules to curb their debt levels," said Nie Wen, economist at Shanghai-based Hwabao Trust.
"I expect solid 5-10% year-to-date property investment growth to continue till the first half of next year if current sales momentum remains." The Chinese Communist Party leadership recently reiterated its existing policy of discouraging speculation in the property market.
Analysts say strict buying restrictions and price caps are likely to remain in place, especially in higher-tier cities where pent-up demand is still robust.
In addition, deleveraging for homebuilders to tackle unbridled borrowing is becoming an increasingly important policy, an effort by authorities to institute a long-term supervision mechanism for the market. - Reuters
Ayala Corporation - Wikipedia Ayala Corporation is the publicly listed holding company for the diversified interests of the Ayala Group. Founded in the ... Founders: Domingo Róxas; Antonio de Ayala Total assets: ₱1.3 trillion (FY 2020) Net income: ₱42 billion (FY 2020) Revenue: ₱264.9 billion (FY 2020)
Bagus untuk Ayala swastakan MCT pada harga lelong kini :)
Kenanga Research said smaller companies, namely MCT Bhd (which has a market capitalisation of RM262.3mil), SHL Consolidated Bhd (RM460mil), MUI Properties Bhd (RM133.4mil) and KSL Holdings Bhd (RM569.6mil) could be potential take-private targets.
“Based on our anecdotal study, based on PBV multiple and balance sheet strength, we conjecture that MCT (current price of 18 sen against a net cash per share of 32 sen), SHL Consolidated (RM1.90 against RM1.56), MUI Properties (18 sen against 11 sen) and KSL Holdings (56 sen against 25 sen) could be potential take-private targets.”
Separately, the research house said it is reaffirming an ‘overweight’ call on the property sector based on valuation grounds.
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....
Victor Yong
8,271 posts
Posted by Victor Yong > 2020-11-14 10:51 | Report Abuse
many foreigners may visit and buy properties for vacation, investment or retirement :)
Ayala can bring more rich filipinos to buy mct properties :)
KUALA LUMPUR (Nov 13): An additional allocation of RM200 million has been provided to the Ministry of Tourism, Arts and Culture Malaysia (MOTAC) for the implementation of the stimulus package under the Tourism Rehabilitation Plan for 2021.
Its Minister Datuk Seri Nancy Shukri in a statement today said apart from the allocations announced by the Finance Minister during the presentation of the Budget, there were several other provisions under MOTAC specifically to assist the tourism, arts and culture sectors.
"This is expected to stimulate and inject domestic spending consistently and in turn create a multiplier effect, especially for industries linked to the tourism, arts and culture sectors," she said.
She said the stimulus package included accommodation vouchers, tourist destination discounts, family travel package discounts as well as the revitalisation of arts and culture.
"Also included in this recovery plan are transportation discounts, shopping discounts and discount packages for frontliners as well as the ‘Meet in Malaysia Campaign’," she said.
Yesterday, she chaired an online engagement session with tourism and culture industry activists.
Among those involved were Malaysia Airlines, Air Asia, Malaysian Association of Tour and Travel Agents (MATTA), Malaysian Association of Hotel Owners (MAHO) and Malaysian Artistes' Association (Karyawan).
Nancy said the government also understood the situation of industry players who were badly affected by the COVID-19 pandemic and would work to ensure the industry remained competitive and recovered quickly through various stimulus packages and recovery plans to be implemented based on the announced Budget.