If anyone wondering why there is an increase, it is not because of any "announcement" but more to market sentiment "recorrecting" the price. Personally, 0.48 - 0.50 is a good price to TP.
(Putrajaya 15 June) Alibaba founder Jack Ma will visit Malaysia again in October. Prime Minister Datuk Seri Najib Tun Razak reveals that Ma will be joining him to launch the event of first batch of 1,500 small and medium enterprises to join the Digital Free Trade Zone. In future, the government would focus on digital economy and e-commerce.
Creating 60,000 job opportunities in 2025
He said the small and medium enterprise agency and digital economy agency are selecting the small and medium enterprises joining DFTZ. The free trade zone is expected to push the growth of e-commerce in Malaysia from 10.8% currently to 20.8% in 2020 and create 60,000 of job opportunities in 2025.
Speaking at the opening ceremony of Budget 2018 consultative meeting today, he said the Budget 2018 will be announced on 27 October.
Ma, currently the Alibaba Group chairman, is also the economic advisor of Malaysia’s digital economy. When he first visited Malaysia in March this year, Najib and Ma jointly announced that they would be promoting the setting up of DFTZ and signed several agreements. Cashless payment tool Alipay under the group has officially started its service in Malaysia last month.
Success in diplomacy thus the increase of foreign investment
Najib reminded all to seize the economic opportunity brought by technology development, using the technology facilities to upgrade business productivity. Prime Minister cum Finance Minister Najib said today that due to success in diplomatic policy, the foreign direct investment of Malaysia has increased significantly starting this year. And he mentioned that China, Saudi Arab and India are the three mega investors.
He said several good news on economy such as the foreign direct investment has reached RM17 billion, economic growth of first quarter achieved 5.6% and export in March exceeded RM80 billion indicate that the economic development of Malaysia is moving towards the right path.
“With these good news and improved global prospects, our economic growth can achieve between 4.3% to 4.8% this year but I hope we can do better than this to achieve 5% or more.”
Najib said Malaysia faces stiff global competition especially the rise of new economy. The Malaysian government should remain alert and continue to adopt various measures for economy to grow sustainably on long term basis.
Earlier, Najib cited the success of drawing three major investments by visiting China twice. His visit to India was fruitful too but time is needed for its result to be visible.
In addition, King Salman of Saudi Arabia who visited Malaysia in February also presented Malaysia generous gift. He brought in Saudi Aramco’s largest single investment in history with an investment of USD 7 billion. This is a successful case of foreign investment.
Despite the attractive figures, Najib stressed that people need to “feel” the economy where all peoples including the natives want to experience the advantages of economic growth such as increasing income, better quality of life and no price hike in food items.
To benefit the people, the government had implemented various measures such as building more affordable homes, release of 1Malaysia aid and others. But the public need to be reminded about household debt and do not exceed the limit by spending more than one’s earning.
Najib also admitted that as the General Election is near, more money is to be spent. However the government is disciplined so that the peoples will not suffer as well as honouring its pledge of gradually reducing budget deficit.
“In 2009 when I first took over, the budget deficit was as high as 6.7%. This year we estimate that we can reduce the deficit to 3% of gross domestic product.”
Earlier, Najib said as Malaysia adopted various methods to have diversified economic resources, the decline in oil price did not hit the economy hard. The rationalisation of subsidies and implementation of goods and services tax are like a more difficult approach adopted but such measures have maintained the economic resilience. International rating of Malaysia is not downgraded.
Nevertheless not everyone sang praises of government’s measure. Facing criticism, Najib said if the government had not adopted decisive measures, the country might face more problems today and even experience economic slowdown.
Like I said, gotta learn to see beyond the numbers and put 2 and 2 together.
---------------------------------------- Posted by bizzybone > Aug 16, 2017 09:53 AM |
Not one to say I told you so, but in this case I am. Not everything in the investing world is about fundamentals. Yes, its important but not everything.
Gotta learn to put 2 and 2 together, as per my post below.
---------------------------------------- Posted by bizzybone > Aug 3, 2017 05:25 PM | Report Abuse X
@ gushan, yes the risks are there. Will there be a sell down post ex? Yes. This is probably a given.
But this is not just a special div play. The Company as a whole is remodeling itself, akin to a restructuring.
What will be left of the Company? It has been stated clearly in the Circular that it would very well end up being a PN17 company. As with all PN17 companies, they have a 12-month period to submit a regularisation plan. Bear in mind that not all PN17 companies are bad.
The Board has stated that it intends to maintain the listing status. Why maintain it if there are no plans in place already?
As mentioned earlier (verbatim from Circular): "However, as announced on 24 May 2017 and 29 May 2017, the Company together with its major shareholder Catcha Group Pte Ltd are exploring opportunities related to internet cities across the Asia region."
Rev will be a nice clean "shell" with no legacy issues to take on a new role together with Catcha Group.
I don't usually say much on this forum. But I'm laying out the facts. I'm not saying buy blindly, but make an informed decision.
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....
Apple1977
17 posts
Posted by Apple1977 > 2017-09-07 14:48 | Report Abuse
yeah~~~