Posted by Bobby31 > 2013-10-16 16:53 | Report Abuse

tp now 0.66

Posted by anbz > 2013-10-16 17:42 | Report Abuse

hehe...

Posted by dfsbipohsch > 2013-10-16 18:10 | Report Abuse

Still can go in PLS kindly adv n tks

Posted by Malaysia Tennis Enthusiast > 2013-10-17 02:22 | Report Abuse

Just buy before the budget announcement :)

Posted by nicky > 2013-10-17 10:14 | Report Abuse

RM2.00 >>??? RM0.54 also cannot break

Posted by 285investor > 2013-10-17 10:24 | Report Abuse

lain co semua dpt contract, censof abuk pun tak ada ka..

Posted by esegaban > 2013-10-17 12:47 | Report Abuse

will exploding soon....

Posted by BursaBullTrader > 2013-10-17 12:50 | Report Abuse

Almost... 灵感 lai liao... lai liao... !!! Pls don giv up!!! :p

Posted by tjhldg > 2013-10-17 15:24 | Report Abuse

testing

Posted by Forwardinvestor > 2013-10-17 15:28 | Report Abuse

TO will be completed by year end so we should be looking for RM 0.88 before year end. So 0.61 is not a problem.

Posted by Bobby31 > 2013-10-17 15:53 | Report Abuse

people the market has a Hantu ...when you sell it than begin to fly ...it always happened so wait people another 1 week to go let the player / investor settle the UMNO meeting this week than we see 3 days before budget

Posted by Bobby31 > 2013-10-17 16:09 | Report Abuse

it's happening people ...the whole Financial Industry is talking about GST which makes the govt work easy ....everybody is talking about it so when is the better time to implement it

Posted by azta12 > 2013-10-17 16:32 | Report Abuse

yes,,,,,

Posted by Bobby31 > 2013-10-17 16:45 | Report Abuse

tomorrow will make it better get on board

Posted by Siva68 > 2013-10-17 17:20 | Report Abuse

Well done, cross the 0.54 barrier briefly. Tomorrow most likely hit 0.61 TP. Well prepared for next weeks further rally b4 GST announcement.

Posted by Active_trader > 2013-10-18 00:13 | Report Abuse

Inverted head and shoulder pattern forming. If could break 0.545 neckline.

Posted by Alyn Nadya > 2013-10-18 07:20 | Report Abuse

time to invest and be patient

Posted by Alan Tan > 2013-10-18 07:42 | Report Abuse

kurang -kurang 0.60 ?

Posted by Superman2 > 2013-10-18 08:28 | Report Abuse

Yes la news already hinted many times that our country needs GST to sustain its economy. So you should know the answer. Only the implementation of GST date is unknown. Censof sure will fly like a superman later when the market is open. All the best

Posted by Forwardinvestor > 2013-10-18 08:59 | Report Abuse

Kenanga call a technical buy today.

Posted by Bobby31 > 2013-10-18 09:24 | Report Abuse

rumors out already Govt will announce the GST that is why Pakatan is calling for a debate. They know better ...follow the smell people ...when they FART we smell Run or buy or sell depending how smelly the fart is hahahahhahahaha happy trading my fellow friends

Posted by amandang > 2013-10-18 09:44 | Report Abuse

HAHA

Posted by papaya > 2013-10-18 10:24 | Report Abuse

luckily my nose very sensitive.....can smell when others not.....some more boleh tahan the smelly gas until now when people run away....hehe

Posted by minitrader > 2013-10-18 10:29 | Report Abuse

28 countries already implemented GST...Malaysia is just waiting for the right timing....

Posted by Bobby31 > 2013-10-18 11:01 | Report Abuse

when is the best timing ???? Time wait for no Man. With time >>>one must be trustworthy ... implement the GSt collect more money but what happened spend spend spend ....Ask yourself our economy has been growing 5% ...this means more revenue for the country howcome deficit banyak.
Simple fact Just introduce GST - 6% - done / Income tax at 7% with higher taxable income above 75K . This is to encourage spurn in the economy ....if you have 2 mouth want to eat both side sure die

Posted by Bobby31 > 2013-10-18 11:02 | Report Abuse

Bottom line Just pull the trigger

Posted by Bobby31 > 2013-10-18 11:04 | Report Abuse

After that we wait n c ...than change or remove ...this has always been the case look at the AES / Sains & Matematik in English some of the example ....so implement the GST when the nation roar in pain >>>pull backlash ... hahahahahah

Posted by Bobby31 > 2013-10-18 11:32 | Report Abuse

Business News

Home > Business > Business News
Published: Friday October 18, 2013 MYT 12:00:00 AM
Updated: Friday October 18, 2013 MYT 10:45:29 AM

Budget 2014 overshadows US debt deal in Malaysia

by b.k. sidhu


Longer-term concerns rather than any deal over the US debt ceiling curbed buyer appetite for riskier assets.
Longer-term concerns rather than any deal over the US debt ceiling curbed buyer appetite for riskier assets.


BUDGET Day is a time when many people sit glued to their TV screens listening to the Finance Minister deliver his all-important speech, as they want to know whether they would be better off or worse off after the details are announced. In Malaysia’s case, Prime Minister Datuk Seri Najib Tun Razak also holds the Finance Minister portfolio.

Next Friday is Budget Day.

Since August this year, the Prime Minister has been requesting for public feedback on the impending budget via the #Bajet2014 campaign. He wants to hear the rakyat’s grouses and wish lists. Many have posted comments on what they would like to see being addressed on a variety of topics ranging from the cost of living and employment to education and social welfare.

Will all those who have expressed their views get their wish list?

One thing that many are expecting to be announced in his speech is the timeline for the implementation of the goods and services tax (GST). Yes, that has to come sooner than later since the Government needs to make fiscal reforms. The GST is expected to be effective come 2015.

At present, we pay a sales tax of 10% and 6% in service tax. In the future, the GST will replace the current narrow-based sales and service taxes. While a broad-based tax is one that applies to almost all purchases of goods and services, a narrow-based tax applies to fewer items.

It is estimated that a 5% GST rate would result in a net increase in tax revenue for the Government by up to RM8bil for the first two years.

The Government needs to reduce its budget deficit after global rating agency Fitch Ratings recently downgraded Malaysia’s sovereign rating outlook. While the reforms are necessary and the GST important, will it improve the Government’s financial position at the expense of the rakyat?

The introduction of the GST would normally mean a revision to the personal and corporate taxes.

But more pressing is the need to address the rising cost of living. The worst-hit segment is the middle-income earners, especially those who live in the urban centres. About 60% of total urban households earn RM4,999 or less, which is not enough to make ends meet in a big city like Kuala Lumpur.

To add fuel to the fire, the rising property prices make it difficult for many to own homes. Sadly, this group is not entitled to the Government’s financial assistance measures like the 1Malaysia People’s Aid programme or BR1M meant for the lower-income group, categorised as those with a household income of RM3,000 a month or less. This group is sandwiched between the rich and the poor, and is often said to be subsidising both the rich and the poor.

What hurts them the most, however, is the narrow tax band. They end up paying higher income taxes when they jump to upper tax bands, says a rating agency report.

It points out that if your chargeable income is about RM60,000, you pay 19% in personal taxes, as opposed to someone in Singapore who would pay 7% for a chargeable income of about S$80,000 or RM203,000.

Malaysia also has one of the highest tax rates in Asia, at 26%, imposed on those whose chargeable income is about RM100,000 per annum versus Singapore, where only those whose chargeable income is above S$320,000 (RM812,000) per annum fall in the top tax bracket.

To help reduce the burden of the rising cost of living, the Government should separate the combined relief for life insurance premium payments and Employees Provident Fund contributions from RM6,000 at present to RM3,000 and RM5,000, respectively, adds the report.

Among the rakyat’s wish list is that the Government should look into increasing the BR1M to help cushion the impact of the subsidy rationalisation.

Personal taxes for those aged 60 years and above should be abolished, and more affordable housing for those in the middle-income group should be provided.

Also, the rules for the entitlement of the tax relief on the medical expenses of parents should be relaxed.

Further, while there are enough roads that lead to almost everywhere now, the Government should focus on improving the quality of public transportation.

Although raising more money is vital for the Government, the rakyat’s wish list is that it keeps close tabs on its expenditure, do away with less-effective programmes such as the National Service and reduce wastage and plug leakages by tightening procurement.

And among all the things that the Prime Minister is going to announce next Friday, the

Posted by minitrader > 2013-10-18 12:31 | Report Abuse

no matter what, GST has got to implemented. we are behind 28 other countries which had already implemented the system...

Posted by ran777 > 2013-10-18 13:50 | Report Abuse

Revised tp as today by Kenanga is 62 cent. It also states that with TEB's contribution to its earnings in 2014, the tp will be 88 cents. Censof holds major stake in TEB and now as time to come. Contribution to Censof is confirmed only GST is implemented hopefully by another few more days to go for the Budget. IF ALL IS WELL and TEB to be awarded with software applications for GST, dont be surprise that the revised tp by kenanga will be 88cent after the budget announcement.The only doubt is not about GST but to whom the software award will be will be given.

Posted by FAST_5 > 2013-10-18 14:01 | Report Abuse

MYEG and Censof compete with each other to get TEB, because TEB has the existing technology to develop GST system. Since Censof got TEB, so GST is goin to Censof way.

Posted by Bobby31 > 2013-10-18 15:34 | Report Abuse

watch out people ........Monday onwards till budget will move everyday .02 cents hahahahhaha

Posted by azta12 > 2013-10-18 15:41 | Report Abuse

don't be late. hihihi

Posted by tjhldg > 2013-10-18 15:42 | Report Abuse

go go go .. .6 .6 .6

Posted by azta12 > 2013-10-18 15:46 | Report Abuse

sampai 0.60 nanti tepok kepala.

Posted by Bobby31 > 2013-10-18 16:24 | Report Abuse

now .555 matter of time people

Posted by papaya > 2013-10-18 16:58 | Report Abuse

ahmad maslan gave hint that gst not going to be implemented.....

Posted by amandang > 2013-10-18 17:01 | Report Abuse

:)

Posted by rchi > 2013-10-18 18:13 | Report Abuse

from Elliot wave theory,next week tp is 62 sen.

Posted by amandang > 2013-10-18 18:19 | Report Abuse

agreed... if announce GST then more visible

Posted by Forwardinvestor > 2013-10-18 19:13 | Report Abuse

The coming budget will table GST. It is well understood that implementation will take 12-18 months. So Ahmad Maslan's statement is self defeating.

Posted by Alex Chan > 2013-10-18 19:22 | Report Abuse

The much talked-about goods and services tax many not be implemented under Budget 2014, Deputy Finance Minister Datuk
Ahmad Maslan hinted today.

Prime Minister Datuk Seri Najib Razak, who is also the Finance Minister, will table the keenly-awaited budget in Parliament next Friday.

Ahmad said eventhough the government had agreed in principle to implement the GST, it has not decided when to implement the tax system and the initial percentage rate.

"When to implement the GST, what is the initial percentage rate, we don't know yet, but we have stated in our official statements (to implement the GST), he told reporters after the pre-launch of a fund-raising to build a madrasah called "Madrasah Integrasi Islam Malaysia".




Ahmad said the taxation system used by the government now was inefficient and outdated.

He said the GST was a fairer and an effective tax system as compared with the double tax system -- sales and service tax -- being enforced currently.

"We want to merge them (sales and service tax) with the GST so that taz collection will be more efficient and systematic," he said.

The deputy minister said the GST, which has been implemented in 160 countries, will charge a lower rate from the 16 per cent now, sales tax 10 per cent and six per cent service tax.

Meanwhile, the Madrasah Integrasi Islam Malaysia, which will be built by Yayasan Amal Maaruf, will serve as a one-stop centre, comprising a tahfiz learning centre, an old folks' home and a dialysis centre as well as other modern facilities.

Estimated to cost RM15 million each, Madrasah Integrasi Islam Malaysia will be built in 13 states nationwide, with overall costs totalling RM260 million.-- Bernama











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Read more: GST may not be implemented http://www.btimes.com.my/Current_News/BTIMES/articles/20131018163233/Article/index_html#ixzz2i4VQLtv5

Posted by jjoker > 2013-10-19 02:41 | Report Abuse

2pm Ahmad Maslan hinted no GST, stock start goreng 4 pm???

Posted by esegaban > 2013-10-19 09:31 | Report Abuse

all ready sold all ...;)

Posted by esegaban > 2013-10-19 09:47 | Report Abuse

think about maybe gst will notbe apply so soon...mayb in year 2015....so many tax involve...need more analyst before do it...

Posted by midtermtrader > 2013-10-19 10:11 | Report Abuse

Monday red colour for this counter.... Bad news for this counter.

Posted by rchi > 2013-10-19 11:15 | Report Abuse

jjoker is right,why the stock start going up @4pm when ppl already know @2pm GST may not be on this budget ,shouldn't ppl start dumping @ 2.30pm .....life does not begin and end with GST...other contracts forthcoming upon successful acquisition of Time .......

Posted by Siva68 > 2013-10-19 11:27 | Report Abuse

Agree with rchi. Anyway I like the financials of this company, year in year out showing good profit. So TP of 0.61 is for what it has achieved. If GST to be implemented, we can tambah the TP to 0.88.

Posted by klsepunter > 2013-10-19 11:40 | Report Abuse

I think that Adman guy duno how to talk. Technically GST could not be implemented during Budget 2014, but only in 2015 cause it takes at least 1 year to prepare for it... The upcoming Budget would be the ANNOUNCEMENT of GST rather than implementation. Should they announce it... Censof would be the key beneficiary cause they can do the preparation for those systems in 2014 itself.

Posted by rchi > 2013-10-19 11:50 | Report Abuse

i always believe the mkt actions speak louder than anyone,and in this case the mkt is telling us that this stock will go higher by closing near the weekly high even in the face of so called 'negative'news by Maslan....let's see 61 or 62 sen next week.Cheers.