Posted by stockfreak > 2021-09-16 00:09 | Report Abuse

KUALA LUMPUR – Former prime minister Datuk Seri Najib Razak (Pekan-BN) is proposing a temporary recovery tax targeted at the wealthy for the next two years in an effort to bolster government coffers.


In his debate of the royal address today, he said Malaysia’s fiscal position is the weakest in Asia Pacific, and second worst in the world after Venezuela.

“I propose a temporary Covid-19 recovery tax package for two years. This, for example, will include a windfall tax, luxury condominiums development tax, stamp duty on transactions, inheritance tax, stock market trading tax, and higher personal income tax on high-income individuals.

“After two years, we can end this temporary tax.”

He also suggested that the government tax tech giants that have a presence in Malaysia, such as Amazon, Netflix, YouTube, Google, and Facebook, which have raked in a lot of profit, but have never been taxed here.

He said this should not impact consumers, and instead be levied on the companies’ profit margin.

“This is not new. Other countries like Australia and Indonesia have demanded payment and they received it from these companies. Malaysia must do the same.”

Meanwhile, he advised Putrajaya to keep up with global trends, particularly the highly lucrative cryptocurrency market.

Najib said that Bitcoin alone is worth nearly US$1 trillion (RM4.16 trillion) and that a few countries such as Switzerland, Australia, Singapore, and South Korea have started to accept the cryptocurrency.

Even though he acknowledged that the Securities Commission has approved four platforms for cryptocurrency trading, he said this initiative must be improved.

“We must give Malaysian investors the opportunity to cooperate with international cryptocurrency trading platforms. This will encourage and make it easier to allow foreign cryptocurrency holders to bring their assets into the country as soon as possible.

“This in turn will allow us to invest in local fiscal assets. Our target should be to bring in cryptocurrency assets instead of allowing an outflow of Malaysian currency into the international market. We must be able to attract international investors.

“If we can do this, we can announce to the world that Malaysia’s back,” said Najib. – The Vibes, September 15, 2021

Posted by Newbieinshare > 2021-09-17 11:23 | Report Abuse

What happen? Why so weak? Why cant hold sbove 0.8?

Posted by wallstreetrookie > 2021-09-17 17:44 | Report Abuse

Don't you guys think it is annoying how a person can take up the space of the entire forum by copy and pasting some unrelated news article. Please help report @stockfreak

Posted by Newbieinshare > 2021-09-17 18:05 | Report Abuse

Haha just let him be. Superb QR. 1 year targeted sales achieve in less than 10months

Posted by BursaRangers > 2021-09-18 10:44 | Report Abuse

https://klse.i3investor.com/blogs/BursaRangersResults/2021-09-17-story-h1571589317-BursaRangers_Daily_Technical_Picks_Review_17_September_2021.jsp

Posted by stockfreak > 2021-09-18 20:44 | Report Abuse

Unrelated?

"“I propose a temporary Covid-19 recovery tax package for two years. This, for example, will include a windfall tax, luxury condominiums development tax, stamp duty on transactions, inheritance tax, stock market trading tax, and higher personal income tax on high-income individuals. "

Posted by stockfreak > 2021-09-18 20:52 | Report Abuse

Whatever. Don't believe anything you see online. Anyone can easily type anything they like. Forums are mainly for fun only. If it is for something serious, police has to monitor the site every second.

Please suspend my account. I'll create new ones.

Posted by awesome20 > 2021-09-19 20:40 | Report Abuse

1.00/1.20 still intact

Posted by Jonathan Keung > 2021-09-20 11:33 | Report Abuse

Property plays affected by China Evergrande messy affairs.Evergrande liabilities estimated around app 2 trillion yuan { far wider economic implications } hit by country curb at the start of the pandemic

Posted by SpikeNow > 2021-09-20 17:08 | Report Abuse

ecoworld , standing ! lol i like it . Mahsing paralyze

Posted by IMIIMI > 2021-09-20 17:12 | Report Abuse

EW not bad woh, can stand firm today, lol. No more impotent like last time

Posted by kevinobc > 2021-09-21 01:46 | Report Abuse

https://www.marketwatch.com/story/dow-futures-drop-300-points-as-china-property-fears-grow-11632121264

Posted by SpikeNow > 2021-09-21 10:24 | Report Abuse

go go go , kick up ! happy mooncake festival ..

Posted by Karma4444 > 2021-09-21 13:35 | Report Abuse

Evergrande and sinic will make stock collapse

Posted by IMIIMI > 2021-09-21 15:44 | Report Abuse

How can evergrande and sinic affected Malaysia and even EW?

Posted by Johnt299 > 2021-09-21 16:56 | Report Abuse

Will EWINT will be perform well as higher handovers in this QR

Posted by Newbieinshare > 2021-09-21 17:02 | Report Abuse

Cause ecowld want to telan evergrande. Haha
People anyhow la. Evergrande in china go 0 relationship with ecowld. Haha. Nice closing

Posted by damansaraeagle > 2021-09-21 18:16 | Report Abuse

GO WARRANT GO

Posted by LLB2021 > 2021-09-21 19:57 | Report Abuse

what the support and resistance for ecowld?

Posted by ammar97 > 2021-09-21 21:22 | Report Abuse

No support and resistance, just help push the price.

Posted by Johnt299 > 2021-09-21 21:42 | Report Abuse

EWINT future revenue stands at RM386 million as at 31 August 2021. Now is RM 127 million

Posted by Newbieinshare > 2021-09-21 23:08 | Report Abuse

Johnt299.... forget about ewint. Go for ecowld better. Ewint do good will benefit ecowld also. But ecowld do good ewint cant enjoy the benefit

Posted by Johnt299 > 2021-09-22 07:37 | Report Abuse

Newbieinshare.....because it also cheap now, expect Dec QR can be outperform like last time ECOWORLD..... everyone blame ecoworld end up spike up more than 100%....XD

Posted by IMIIMI > 2021-09-22 09:28 | Report Abuse

John, just do ur own due d on EWINT. And verify whether it is undervalue or not . Las year I was chit chat with sales gallery staff for two mths to dig out info before bought house there in Apr, and I bought EW shares right after signed spa as I found out many buyers are queuing to sign SPA like me. My friend was laughing at me when I told them I bought EW share. End up now I m smiling to them

Posted by SpikeNow > 2021-09-22 09:55 | Report Abuse

eco eco … yes yes go go .. lai lai up and away

Posted by Newbieinshare > 2021-09-22 09:58 | Report Abuse

Gogogogo break resistant. Gogogo

Posted by Newbieinshare > 2021-09-22 10:00 | Report Abuse

Ecowld owns ewint but ewint doesnt own ecowld. So part of ewint earning will flow to ecowld but ecowld earning will not flow to ewint. So if u see ewint good, why not buy its parent share ecowld which can benefit from both local and foreign businesses

Posted by IMIIMI > 2021-09-22 10:21 | Report Abuse

Newbie, if everyone invest like u, then all no need to buy GENM, IJMPlant and other good subsi company shares as they all got group holding company. Pls be reminded all these listing company are different entity so they have their own valuation. John is thinking whether EWINT is undervalued as the share price has been remaining low while EW already up almost 100% since las year, so we are talking abt justification of pricing and valuation relatively to share price value, not profit go where and where. Take IJMPlant as subsi of IJMCorp as example, it's share price double due to KLK bought over it's shares but IJMcorp only got mild movement, I am not saying EWINT will be bought over by other players, just to point out there is chances for subsi company to outperform parent holding company assuming it's share price is undervalued while parent company share price already reflect fundamental value.

Posted by Johnt299 > 2021-09-22 11:28 | Report Abuse

IMIIMI.....thanks for explanation, and point out different point of view

Posted by Johnt299 > 2021-09-22 11:44 | Report Abuse

last time ecoworld supposedly perform well in 2019 but who know covid19 outbreak.
Otherwise ecoworld will perform well as what they mentioned last time 2019 was their year.
So now, EWINT stated their upcoming completions will generate substantial cash inflow for the EWINT handover of properties sold to customers which mean that their completion done in 3Q21 & 1Q22 imply good result in 4Q21 & 2Q22

Posted by LLB2021 > 2021-09-22 17:23 | Report Abuse

@ammar97 bro, thanks !!!

Posted by Karma4444 > 2021-09-22 23:03 | Report Abuse

dont worry , ecoworld will buy evergrande debts

Posted by IMIIMI > 2021-09-23 10:02 | Report Abuse

Waoh, are u Tan Sri LKS??? hahaha

Posted by Newbieinshare > 2021-09-23 10:36 | Report Abuse

Fuiyooo..... buy ecowld bettsr than ewint la

Posted by Newbieinshare > 2021-09-23 10:38 | Report Abuse

Got new big player enter. Waiting for announcement

Posted by SpikeNow > 2021-09-23 12:25 | Report Abuse

awesome ecoworld .. go go go .. lagi lagi … havent tp yet .. stronger

Posted by Karma4444 > 2021-09-24 16:19 | Report Abuse

ecoworld will take over evergrande

Posted by Karma4444 > 2021-09-24 16:19 | Report Abuse

ecoworld now want to enter china market

Posted by damansaraeagle > 2021-09-24 16:33 | Report Abuse

ayooo so big

Posted by BursaRangers > 2021-09-24 22:05 | Report Abuse

https://klse.i3investor.com/blogs/BursaRangersResults/2021-09-24-story-h1571708613-BursaRangers_Daily_Technical_Picks_Review_24_September_2021.jsp

Posted by LLB2021 > 2021-09-25 16:25 | Report Abuse

Why directors disposed shares?



23-Sep-2021 Insider ECO WORLD DEVELOPMENT HOLDINGS SDN. BHD. (a substantial shareholder) disposed 200,000 shares on 22-Sep-2021.
23-Sep-2021 Insider ECO WORLD DEVELOPMENT HOLDINGS SDN. BHD. (a substantial shareholder) disposed 1,300,000 shares on 20-Sep-2021.
23-Sep-2021 Insider TAN SRI ABDUL RASHID BIN ABDUL MANAF (a substantial shareholder) disposed 200,000 shares on 22-Sep-2021.
23-Sep-2021 Insider TAN SRI ABDUL RASHID BIN ABDUL MANAF (a substantial shareholder) disposed 1,300,000 shares on 20-Sep-2021.
23-Sep-2021 Insider DATO' LEONG KOK WAH (a substantial shareholder) disposed 200,000 shares on 22-Sep-2021.
23-Sep-2021 Insider DATO' LEONG KOK WAH (a substantial shareholder) disposed 1,300,000 shares on 20-Sep-2021.
23-Sep-2021 Insider TAN SRI ABDUL RASHID BIN ABDUL MANAF (a company director) disposed 200,000 shares on 22-Sep-2021.
23-Sep-2021 Insider TAN SRI ABDUL RASHID BIN ABDUL MANAF (a company director) disposed 1,300,000 shares on 20-Sep-2021.
23-Sep-2021 Insider DATO' LEONG KOK WAH (a company director) disposed 200,000 shares on 22-Sep-2021.
23-Sep-2021 Insider DATO' LEONG KOK WAH (a company director) disposed 1,300,000 shares on 20-Sep-2021.

Posted by Johnt299 > 2021-09-26 16:27 | Report Abuse

@LLB2021.....sell ecoworld and buy ewint

Posted by LLB2021 > 2021-09-27 08:33 | Report Abuse

@Johnt299 why? pls provide more information.

Posted by Bgt 9963 > 2021-09-27 08:37 | Report Abuse

Property now on fire sales...

Posted by Newbieinshare > 2021-09-27 12:36 | Report Abuse

A bit of correction la to prevent RSI overbought. Relax

Posted by LLB2021 > 2021-09-27 16:24 | Report Abuse

bye bye, ecoworld!!!

Posted by Johnt299 > 2021-09-27 20:12 | Report Abuse

ewint advantages:
1. Open up in UK & AU
2. Drop in UK & AU covid daily cases
3. Ewint main business in capital of UK & AU
4. Higher sales demand in both countries - despite additional 2% stamp duty for foreign buyers
5. Lower policy rate in UK & AU
6. Company strong effective future revenue - 1.40 bil
7. Strong cash balance, lower gearing
8. Basically 70% projects sold out
9. Higher house price in both countries
10. Weaken in MYR
11. Higher handover sales unit can carry good result for upcoming qr, and next few qr expect can improved significantly
12. Windows dressing in year end
13. BtR development boost the sales
14. 58% units sold/reserved included imcompleted projects

Posted by LLB2021 > 2021-09-28 13:34 | Report Abuse

@johnt299, thanks bro

Posted by Newbieinshare > 2021-09-29 17:07 | Report Abuse

Johnt299...... just switch it from ewint to ecowld la

Posted by Johnt299 > 2021-09-30 11:20 | Report Abuse

Newbieinshare.......okey geh operating income still improved 15% fo rEWINT......
last time told you go in ecoworld, you always said this counter rubbish....highest price ppl already sold liao lor....LOL