KUALA LUMPUR (Sept 14): Malaysian Prime Minister Najib Razak said on Monday a government equity investment firm would be given 20 billion ringgit (US$4.6 billion) to shore up the country's stock market, and announced other measures to support its slowing economy.
Najib told a newsconference the equity investment firm, ValueCap, will invest in undervalued Malaysian companies.
He also announced that the factory sector would be exempted from import dutires until the economy recovers, but did not specify which sectors would be affected.
The ringgit currency has lost almost 19% of it value against the dollar so far this year, and Malaysia's stock market has retreated 8.95% this year. 14/09/2015 13:22
For construction/property players, 20% profit of revenue is very familiar or is a must. PSIPTEK's revenue for every quarter not less than 50mil but profit very very small and sometime loss. Where the money gone?
This stock cannot buy as i suspect the owners run it like their own private construction arm. hardly announce any contracts also There are so many undervalued construction companies out there that are better bet
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....
maidaihoisai88
148 posts
Posted by maidaihoisai88 > 2015-07-08 13:58 | Report Abuse
If KLCI continue so rubbish, possible to collect PSIPTEK at 0.130.....