Author Topic: KLSE starting to collapse  (Read 562168 times)

Offline ahbah

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Re: KLSE starting to collapse
« Reply #11700 on: December 31, 2018, 10:00:02 AM »
Japan: Industrial production falls 1.1% In Nov.

Offline ahbah

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Re: KLSE starting to collapse
« Reply #11701 on: December 31, 2018, 10:03:56 AM »
China's manufacturing activity hits 2-year low

Offline ahbah

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Re: KLSE starting to collapse
« Reply #11702 on: December 31, 2018, 10:05:58 AM »
Trump cancels 2019 pay raises for most federal workers !

Alamak ! Gaji taklat naik  :'( :'( :'( :'( :'( :'( :'(

Offline ahbah

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Re: KLSE starting to collapse
« Reply #11703 on: December 31, 2018, 10:59:34 AM »
KUALA LUMPUR/MUMBAI (Dec 30): If you lost money on emerging Asian bonds and currencies this year, be warned: the first half 2019 may see more of the same.

Offline ahbah

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Re: KLSE starting to collapse
« Reply #11704 on: December 31, 2018, 11:01:55 AM »
Almost all emerging Asian currencies are expected to weaken by the end of June, while bond yields are forecast to rise for countries including Indonesia, India and Thailand, according to estimates compiled by Bloomberg.

Offline rince

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Re: KLSE starting to collapse
« Reply #11705 on: December 31, 2018, 12:25:31 PM »
CNY rally from january.... 8)

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Re: KLSE starting to collapse
« Reply #11706 on: December 31, 2018, 04:54:19 PM »
Positive the whole day end up close with red  :D
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Re: KLSE starting to collapse
« Reply #11707 on: December 31, 2018, 04:57:12 PM »
CNY rally from january.... 8)

Rally to 1700 them revert back to 1500  :clap:
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Re: KLSE starting to collapse
« Reply #11708 on: December 31, 2018, 04:59:49 PM »
KUALA LUMPUR (Dec 31): Lembaga Tabung Haji continued to transfer its underperforming equities to the special purpose vehicle (SPV), under the Ministry of Finance, for the second day since Friday.

Filings with Bursa Malaysia today showed that the pilgrim fund has transferred its shareholdings in 10 listed companies to Urusharta Jamaah Sdn Bhd.

As at 3.08pm, the companies comprise FGV Holdings Bhd, Datasonic Group Bhd, Uzma Bhd, MMC Corp Bhd, Reach Energy Bhd, Suria Capital Holdings Bhd, Mudajaya Group Bhd, YLI Holdings Bhd, Yi-Lai Bhd and Brahim's Holdings Bhd.

As a result, Urusharta Jamaah emerged as the substantial shareholder of several of these listed companies.

Last Friday, the SPV, set up to take over RM19.9 billion worth of Tabung Haji's underperforming properties and equities, commenced taking over these assets.

The listed companies that were part of the shares transfer last week were TH Heavy Engineering Bhd, Icon Offshore Bhd, Pelikan International Corp Bhd, MCT Bhd, UEM Sunrise Bhd, IJM Corp Bhd, Pintaras Jaya Bhd, Parkson Holdings Bhd, Lion Industries Corp Bhd, Puncak Niaga Holdings Bhd, KSL Holdings Bhd, Malaysia Marine & Heavy Engineering Holdings Bhd, Mah Sing Group Bhd, Star Media Group Bhd, Integrated Logistics Bhd, Malakoff Corp Bhd, Naim Holdings Bhd, Dayang Enterprise Holdings Bhd, Hap Seng Plantations Holdings Bhd, Eastern & Oriental Bhd, Adventa Bhd, and CSC Steel Holdings Bhd.

Based on Bursa public disclosure, Tabung Haji has transferred its shareholdings from 32 listed companies in total since last Friday.

On Dec 11, Tabung Haji revealed that the SPV will be acquiring the pilgrim fund's underperforming properties and equities in exchange for RM10 billion in sukuk and RM9.9 billion in Islamic redeemable convertible preference shares (RCPS-i).

Its group managing director and chief executive officer Datuk Seri Zukri Samat reportedly said properties with yields of less than 2% and equities that have seen impairment of more than 20% will be acquired by the SPV at book value.

Of the assets to be transferred to the SPV, 80% of the total value comprises equities while properties account for the balance 20%.
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Offline ahbah

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Re: KLSE starting to collapse
« Reply #11709 on: December 31, 2018, 05:13:04 PM »
How about our impaired stocks, can transfer to the SPV ?  :D :D :D

Offline ahbah

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Re: KLSE starting to collapse
« Reply #11710 on: December 31, 2018, 05:16:30 PM »
Positive the whole day end up close with red  :D

Maybe window undressing today ?  :D :D

Offline ongchef

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Re: KLSE starting to collapse
« Reply #11711 on: December 31, 2018, 09:59:32 PM »
 :D :D :D.........peeping tom! :D :D................ :P :PKIMMIKO SAN wear red undewar,bah bah no give ar!!! :D :D :D

Offline ahbah

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Re: KLSE starting to collapse
« Reply #11712 on: January 01, 2019, 08:48:14 PM »
Barry Newman, who claims to be a psychic, clairvoyant and medium, told RadioLIVE on Monday morning what New Zealand can expect in 2019, and how we fit in with the predictions for the rest of the year.

"In New Zealand, we're really guided by what happens overseas. We're just wee pawns in the game," he told host Richard Green.

He predicts the US will undergo a recession. He also thinks that US President Donald Trump will "survive and probably do another four years" and that "the wall won't be built, and that [Mr Trump] is going to retreat a bit".

Offline ahbah

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Re: KLSE starting to collapse
« Reply #11713 on: January 01, 2019, 09:01:00 PM »
“Market has still a lot of outstanding issues to tackle heading into 2019. Investor sentiments are not particularly positive around the world right now. The local market might still be volatile at least in the next six months,” stock market analyst Nazarry Rosli told NST Business.

Offline ahbah

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Re: KLSE starting to collapse
« Reply #11714 on: January 01, 2019, 09:02:05 PM »
Maybank IB had end-2019 FBM KLCI target of 1,760 points considering the risk factors, balancing off with optimism for policies reset for longer term sustainable growth.




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Re: KLSE starting to collapse
« Reply #11715 on: January 01, 2019, 11:49:42 PM »
(吉隆坡1日讯)尽管马股在今年最后一个交易日上演橱窗粉饰,然而封关时仍守不住1700点心理水平,分析员更指出,橱窗粉饰效应后预计马股即刻会出现套利卖压。

达证券研究主管卡拉德在本周投资策略分析报告中指,股市近期能否维持正面走势,很大程度取决于外围事件的进展,特别是中美贸易战的动向。

此外,中国公布12月的采购经理人指数(PMI)数据疲软,也是左右套利情绪的关键,同时,若我国未能在本周五(4日)交出亮眼的外贸数据,且美国公布的就业数据依然强劲,恐会抑制投资者的交投兴趣。

不过,假设美国两党能够达成协议,结束政府停摆的局面,就能提振市场情绪,否则恐怕会妨碍中美之间的贸易谈判。

除了中美贸易战,美国也有可能对从欧盟和日本的进口汽车重启征收高关税,或导致美国与两者的关系再度紧张。

同时,民主党将在本周四开始掌控美国众议院,会否批准总统特朗普此前签订的美墨加贸易协定(USMCA),目前仍是个未知数。

而英国国会迟迟未能通过脱欧协议,这些均有可能为明年的市场再添变数。

卡拉德点出,尽管许多投资者目前还在放假,导致交投淡静,但蓝筹股仍是市场的聚焦所在。

190102a0501_noresize

外围削弱明年投资

他也提醒,外围的担忧恐持续削弱2019年的投资情绪,且相比其它区域新兴市场,马股的估值并不便宜。

因此,投资者应维持谨慎的态度,不妨在新的一年采取“由下而上”的选股投资策略,即先看个别公司的表现,再考虑总体经济或市场走势。

外资上周净卖1.28亿

另外,MIDF研究资金流向报告指,外资在上周净卖马股1亿2760万令吉,连续8周退场,但净卖额是过去3周以来最小。

外资在圣诞节前夕,仅净卖1300万令吉,比起此前三个交易日每天净卖超过1亿令吉,已大幅减少。

外资卖压放缓,部分是因为中国宣布了新一轮降关税措施,旨在推进经济开放和维持流动性。

富时隆综指在上周三(26日)复盘,外资于当天净卖6060万令吉,因为特朗普和团队把股市重挫归咎于加息,且曾讨论开除美联储主席鲍威尔,市场担忧两人关系恶。

不过,由于全美零售业销售创下6年新高,带动美股三大指数齐齐上涨,使得我国外资在周四的净卖额减少至2810万令吉。

净卖额3年最多

然而,外资在上周五仍净卖2600万令吉,主要是市场已消化美国消费强劲带来的利好,且市场缺乏催化剂。

截至上周,外资已经净卖28.8亿美元或116.5亿令吉,抵消了去年外资共流入的103.3亿令吉利好。

考虑到今年仅剩下一个交易日,这将会是外资在2015年撤走194.9亿令吉的资金以来,净卖额最多的一年。

不过,在MIDF研究所追踪的4个东盟市场中,马股是外资流出第二低的市场。

该研究指出,上周所有类别投资者的参与度均下跌,导致交投淡静。

上周,外资的日均成交值(ADTV)大跌58.7%,至4亿7500万令吉,这也是自2017年最后一周的最低水平。
Namotasapakawatoarahatosamasamputasa

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Re: KLSE starting to collapse
« Reply #11716 on: January 01, 2019, 11:56:43 PM »
(吉隆坡1日讯)国油气体(PETGAS,6033,主板公用事业股)宣布,政府已确定“第三方准入”(TPA)的基础费率,相信会影响公司的物流和再气化营业额。

国油气体昨天向交易所报备,能源委员会根据奖掖式管理”(IBR)架构,将半岛天然气的基础费率,定在每千兆焦耳1.072令吉;马六甲双溪乌浪再气化终站为每百万热能单位(mmbtu)为3.518令吉。

柔佛边加兰再气化终站费率,则为每百万热能单位0.637美元。新费率从1月1日生效,为期1年。

国油气体解释,TPA系统允许更多公司利用大马的天然气厂房,通过业者之间的健康竞争,确保有可持续的天然气供应给消费者。

此系统涉及再气化终站、传输管道和分销管道,该公司的3个天然气厂房中,有2个受到影响,那就是再气化终站和传输管道。

因此,预期这两个业务的营业额将会受到影响,但整体而言,依旧看好可为集团带来盈利。
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Re: KLSE starting to collapse
« Reply #11717 on: January 02, 2019, 03:20:28 AM »
(吉隆坡1日讯)鹏发(PTARAS,9598,主板建筑股)获得3项打桩合约,总值1亿300万令吉。

鹏发向交易所报备,这些合约由位于新加坡的间接子公司Pintary Foundations获得,工程期从3至8个月,在本月和下月开始动工。

预计上述合约将会激励未来业绩表现。
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Re: KLSE starting to collapse
« Reply #11718 on: January 02, 2019, 03:20:44 AM »
(吉隆坡1日讯)PUC控股集团(PUC,0007,创业板)宣布以1.6750亿令吉,收购Pictureworks控股私人有限公司(PWHSB)剩余的67%股权。

该集团昨天向交易所报备,将向集团董事经理兼总执行长张嘉洲、Superb Go私人有限公司和Beauty World控股有限公司,收购PWHSB的1233万6288股,或等于67%股权。

PUC控股集团去年6月收购了PWHSB的33%股权,盈利料超越之前的1480万令吉盈利担保,对集团贡献正面盈利。

新合约支撑盈利

张嘉洲通过文告指出,基于PWHSB的业绩理想,包括赢得新合约,收购剩余股权有利。

他说:“PWHSB除了和数个新客户洽谈中,也将与Smart Guide扩大合作,拓展市场到可接触高达200万名游客。加上“PicutreAir”技术会与面部识别功能融合,将提升用户体验并取得新合约,可支撑未来盈利。”

持有PWHSB后,可以在专业、服务和资源方面,达到协同效益及降低成本。

根据文告,交易将以现金、银行贷款或发股筹资等方式来完成收购。
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Re: KLSE starting to collapse
« Reply #11719 on: January 02, 2019, 03:21:01 AM »
(吉隆坡1日讯)大马银行(AMBANK,1015,主板金融股)宣布,委任温胜川(译音)为旗下大马银行(Ambank)(马)有限公司主席,1月1日起生效。

该集团昨天向交易所报备,现年60岁的温胜川自2015年6月18日,就加入了大马银行(马)有限公司董事部。

他也是大马银行集团的董事。
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Re: KLSE starting to collapse
« Reply #11720 on: January 02, 2019, 08:09:37 AM »
PETALING JAYA: The retail property sector is expected to remain flat in the first quarter of 2019, underpinned by steady, yet cautious, consumer spending.

The Malaysian Association for Shopping and High-Rise Complex Management past president Richard Chan said the Chinese New Year (CNY) festive period in February will help to sustain the sector during the period.

“Performance won’t be much better than 2018. But, its CNY, which will help. Surprisingly big items, such as car sales seem to do doing good. Bookings for the Proton X70 have been encouraging,” he told StarBiz.

According to reports, bookings for the X70 has exceeded 15,000 units since September. Bookings climbed up to an average of 200 to 300 bookings per day since the vehicle was launched on Dec 12.

“But we are projecting flat growth in the current quarter, as the majority of consumers are still cautious,” said Chan.

CBRE|WTW in its latest Klang Valley Property Market review meanwhile forecasts vacancy and rental rates for the local retail sector to remain flat in the fourth quarter of 2018.

“Cumulative supply of retail space has increased to 56.3 million sq ft, with two new completions, namely KL EcoCity Retail Centre and Eko Cheras Mall. Vacancy rates continued to be under pressure, increased to 15.3%, due to the challenging market and recently completed retail malls.

The property consultancy noted that new entries from the UK’s famous cosmetic brand, LUSH and Thai-owned New York Deli, Dean and Deluca, are making their first appearance in Pavilion Kuala Lumpur.

“International brands opened their first stores last year, gained confidence in Malaysian’s retail market and continued to expand by opening second stores in Klang Valley.”

According to the Malaysian Shopping Malls Association’s (PPK Malaysia) recent Malaysia Shopping Mall Industry Survey 2018, there are currently 671 malls with a net lettable area ranging from a minimum of 50,000 sq ft to 2.2 million sq ft.

The survey, which comprised 47 respondent malls, revealed that the average occupancy rate stood at 92%, with an average month gross rental rate of RM7.87 per sq ft.

“Malaysia’s shopping mall industry offers more than 166.6 million sq ft of net lettable area with an estimated real estate value of RM130bil. In addition, the shopping industry annual sales turnover is close to RM120bil.

“The industry also provides direct employment to about 56,600 people,” it said.

Meanwhile, Retail Group Malaysia in its recent report raised its 2018 growth forecast for the local retail sector to 4.4% from 4.1% previously, after taking into consideration the industry’s better performance during the third quarter and expected moderate growth for the current quarter.

“For the last quarter of this year, the retail growth rate has been revised upwards slightly from 4.3% (estimated in September 2018) to 4.7%.

“School holidays, Double Eleven shopping festival, Black Friday sales, Christmas and the new year will contribute to a better retail sale performance during this period.”

The association is projecting a 4.5% growth rate in retail sales for 2019.

   
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Re: KLSE starting to collapse
« Reply #11721 on: January 02, 2019, 08:10:28 AM »
PETALING JAYA: Bank Negara is unlikely to hike interest rates in 2019 in line with slowing economic growth and subdued inflation, said Fitch Solutions Macro Research.

The research house said it forecast real GDP to grow at 4.2% in 2019, as it expected all segments of the economy, apart from private consumption, to face major headwinds.

It noted that this would mark the third consecutive year of deceleration, with its forecast of real GDP growth slowing to 4.6% in 2018, from 5.9% in 2017.

“Investment growth will likely also come under pressure by the cancellation of foreign-funded infrastructure projects such as the East Coast Rail Link, while exports are unlikely to stage a strong recovery given that the US-China trade dispute is likely to remain a protracted conflict,” it said in a research note.

However, it said its forecast of an unchanged overnight policy rate (OPR) in 2019 was subject to significant downside risks.

This, it said, was given that the central bank had highlighted several risks to the Malaysian economy, such as the US-China trade dispute and that the materialisation of these risks could lead to a rate cut.

The last time the central bank revised rates was in January 2018, when it increased it by 25 basis points to 3.25% – the first and only hike of the year.

In addition to slowing economic growth, Fitch Solutions said it expected inflation to remain subdued in 2019, reducing pressure on Bank Negara to hike rates in order to curb price pressures.

The research house has revised its consumer price index forecast for 2018 and 2019 down to 1% year-on-year (y-o-y) and 1.4% y-o-y, respectively, from 1.4% and 1.8% previously.

“The downward revision for 2018 reflects the fact that although inflation has picked up in line with our view, this has been blunted by the sharp drop in oil prices,” it said.

In 2019, it expects slowing growth and high base prices in the first half of 2018 to weigh on average inflation.

The lower forecast of 1.4% y-o-y, it said, also reflected its lowered forecast for Brent crude oil prices to US$75 per barrel from US$81 per barrel previously.

On the ringgit, the research house said subdued inflation would also help to maintain Malaysia’s real yield differential against the US, which should help prevent a collapse in the ringgit despite ongoing downside pressure.

“Therefore, we do not expect Bank Negara to hike rates to support the currency,” it said.

The research house, however, noted that its forecasts were underpinned by assumptions of stability in the ruling Pakatan Harapan coalition.

It added that a serious re-escalation of the US-China trade dispute following the 90-day truce period on March 1, could also force Bank Negara to cut rates and support the economy.

In a previous report, the Malaysian Rating Corp also said it expected the OPR to remain unchanged in 2019 in the absence of a significant downward pressure on real GDP growth.

In its report on economic outlook for 2019, the rating house noted that if real GDP growth slipped below 4%, however, there was a likelihood of a downward adjustment in the statutory reserve requirement by 50-100 basis points (bps).

It said there was also a possibility of a slight reduction in the OPR (by 25 bps) should growth deceleration exceeded the pace initially expected.

“Having said this, the exchange rate trend would be closely monitored before such measures are undertaken.

“This is because a more relaxed monetary stance could adversely affect the performance of the ringgit,” it said.

   
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Re: KLSE starting to collapse
« Reply #11722 on: January 02, 2019, 08:10:59 AM »
PETALING JAYA: After stocks were battered in 2018, investors are now looking at stock picking at discounted levels as the market chewed on uncertainties that roiled equities over the past year.

A change in government along with global concerns arising from external issues such as the US-China trade war has made the investing community more sanguine.

A good number of local fund managers are quietly becoming more optimistic and seeing opportunities following a bleak 2018 that was defined by house cleaning and new appointments in government entities.

All the kitchen sinking of the past year was a necessary pain, with stocks staging one of their worst performance as margin calls snowballed in the last quarter of 2018. The silver lining is that this has provided an opening to buy.

“The current negativity is excellent for investors. We should be happy that the item we bought at the supermarket six months ago is at a 50% discount at the moment,” said former investment banker Ian Yoong.

The year 2018 ended with the FBM KLCI closing 5.17% or 92.12 points down to 1,690.58.

Yoong is positive on Malaysia’s economic prospects. He said the biggest catalyst for Malaysian equities would be confidence, as foreign investors were initially appalled by the mess that the new government uncovered.

“We now have a more level playing field, less corruption and greater transparency. This is surely a foundation for an economic upturn.

“This boom will not be immediate as there is much work that has to be done but as surely as day follows night, the upturn will come. This golden opportunity comes once every decade,” Yoong explained.

Rakuten Trade Sdn Bhd vice-president of research Vincent Lau said the FBM KLCI has reached more sobering levels thanks to the selldown in the last quarter of 2018.

“It was a bit overdone but the good thing is that we get to buy the stocks we like at a much cheaper price. We are also revisiting some companies which we previously didn’t look at because of high valuations,” he said.

As at Dec 28, Malaysia had seen a total foreign net outflow of RM11.65bil. As such, Malaysia is set to record its largest yearly foreign net outflow since 2015 which saw RM19.49bil of equities being pulled out. This amount offsets foreign net inflow of RM10.33bil in 2017.

“It is true that there is a lot of fear in the market. When we talk to the clients, sentiment is negative and they are cautious about re-entering the market. Timing the market is very hard. Our opinion is that nothing has fundamentally changed in the last six months of 2018.

“All the fears that have been repeated last month, were the same fears repeated six months ago. So we feel this is more of a correction, which presents a good opportunity to buy,” said Lau.

Yoong added that valuations in the small to mid-cap space are compelling with many stocks trading at single-digit price-earnings ratios, below book value and in net cash positions.

Astramina Advisory managing director Wong Muh Rong believed that the second half of 2019 would be better than the first half. In the first half, business owners and investors are still affected by the unsettled politics of the new government. There is also the uncertain world markets and the trade war issues to contend with.

“The market is disturbed partially with the less decisive directions of the government. This is with regards to the contractual agreements signed by the previous government.

“Capital market needs clarity on the sanctity or validity of the agreements or concession agreements signed by the previous government as many decisions are based on that.

“Without that being clear, markets will be agitated, which will negatively impact all players and stakeholders alike,” she explained.

“Contractual agreement is binding and it should not be changed just for the sake of it. Our market needs to observe the rule of law, unless there are element of ‘overpricing’ or ‘misrepresentation’. The dignity and sanctity of these contracts are critical to ensure a high confidence level in our capital market,” she added.

Yoong also believed that the new government should not cancel contracts unless there are valid legal grounds to do so.

“The cancellation of highway tolls should be postponed indefinitely. The sanctity of legal contracts should be upheld. Investors have come to realise that the new government is indeed genuine in its efforts to improve the economy. I notice that confidence is improving in December.

“My wish is for the new government to have that clarity soon, so both the equity and debts market can have a clear direction,” said Wong.

She added that 2019 is likely to be a year of restructuring or consolidation for assets owners, as the depressed market presented the best opportunities to undertake rationalisation and restructuring exercises.

For one, it is a great time for buyers to look for prime assets or businesses as there are now more willing sellers.

“I foresee a lot of merger and acquisition (M&A) activities, especially in the second half of 2019, as there are more willing sellers now. Furthermore, we should be seeing more owner-driven M&A or restructuring exercises,” said Wong.

Meanwhile, with the abundance of SME businesses looking for opportunities as they grow larger in size, Wong foresees more of these companies opting for a LEAP market listing.

“There is now more understanding on the LEAP market. Companies are starting to realise that this is a platform for them to grow via capital markets without the need to undertake any backdoor listing, reverse takeover or initial public offering in the Main or ACE Market, where the cost is higher,” she explained.

Lau said he would not be surprised to see more companies being taken private in 2019.

“The cheaper pricing is making it compelling for owners. Furthermore, with the tough business environment, it becomes a challenge to deliver good earnings every quarter. Now is the best time to take the company private, build it up and eventually list it at a better valuation,” said Lau.

On the global front, Yoong is confident that the China-US trade war will be resolved in 2019. “This will provide a huge boost to global equity markets,” he said.

   
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Re: KLSE starting to collapse
« Reply #11723 on: January 02, 2019, 08:11:59 AM »
KUALA LUMPUR (Jan 2): The FBM KLCI, which ended 2018 with a whimper and dropped 5.9% year-to-date, is likely to commence trade for 2019 on a cautious note, despite the higher close at most global markets on Dec 31.

Equities around the world rose on Monday as possible progress in resolving the trade dispute between the United States and China engendered some investor optimism in what has been a punishing end of year for markets, according to Reuters.

The U.S. benchmark S&P 500 stock index advanced in light trading volume after U.S. President Donald Trump said he held a "very good call" with China's President Xi Jinping on Saturday to discuss trade and said "big progress" was being made, it said.

On Monday, the Dow Jones Industrial Average rose 265.06 points, or 1.15 percent, to 23,327.46, the S&P 500 gained 21.11 points, or 0.85 percent, to 2,506.85 and the Nasdaq Composite added 50.76 points, or 0.77 percent, to 6,635.28, said Reuters.

Inter-Pacific Research Sdn Bhd in a strategy note Dec 31 said the downswing in the KLCI exhibits all the hallmarks of a bear market at this point.

The research house explained that 1) Liquidity has been progressively drained out of the market by a drawn-out foreign fund selloff that has drawn in local funds as well as retail participants.  2) Stock valuations remain at elevated levels despite eye-watering drawdowns from peak levels due to a dismal earnings report card for several reporting seasons already.  3) Poor personal income growth following an inflationary bout beginning 2015 that extended into 2017 did no favours for already waning animal spirits among domestic investors.

“Across the rural heartlands and the myriad little towns that serve them, falling agricultural commodity prices weighed heavily on incomes.

“"If corporate earnings continue their disappointing trajectory and turn in flat for the year, our expectation (is) that the KLCI may fall to as low as 1,538 some time in 1H2019. This is still a developing scenario,” it said.

Based on corporate announcements and news flow on Monday, stocks in focus today may include Petronas Gas Bhd, Public Bank Bhd, AMMB Holdings Bhd, Genting Bhd, Genting Malaysia Bhd, Genting Plantations Bhd, Vizione Holdings Bhd, Pintaras Jaya Bhd, Handal Resources Bhd, Ornapaper Bhd, FGV Holdings Bhd, Kronologi Asia Bhd, Yinson Holdings Bhd, Merge Energy Bhd, Malaysia Airports Holdings Bhd, Binasat Communications Bhd and Theta Edge Bhd.

 
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Re: KLSE starting to collapse
« Reply #11724 on: January 02, 2019, 09:35:35 AM »
PROPERTY market investors who bought last 12 to 24 months are now holding their purchased units at 10-20% higher than market subsale or even developer price.

Demand will only come in after so many unsold units can be digested. It will take at least 3-5 years.

If you STILL wants to buy property , DONT buy projects by MAYLAND/l&g. Their condo project got management problem. The developer try to control the condo managent to their own proxy. But not doing the job. For example TNB bill for common area is 750k. The staircase light is never switch during day time, 20 storey x 3 light x 3 staircase =180 lights per block.



 
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Re: KLSE starting to collapse
« Reply #11725 on: January 02, 2019, 09:50:36 AM »
PROPERTY market investors who bought last 12 to 24 months are now holding their purchased units at 10-20% higher than market subsale or even developer price.

Demand will only come in after so many unsold units can be digested. It will take at least 3-5 years.

If you STILL wants to buy property , DONT buy projects by MAYLAND/l&g. Their condo project got management problem. The developer try to control the condo managent to their own proxy. But not doing the job. For example TNB bill for common area is 750k. The staircase light is never switch during day time, 20 storey x 3 light x 3 staircase =180 lights per block.

L&G reprted profit 76m out ofrevenue of 80m, something fishy.
Than March 2017 , right issues 8 right for every 5 shares held. Right issue was 21c. Now share price 14c
NOW, L&G WHO CLAIN MADE LOTS OF MONEY IS PROPOSING RIGHT ISSUE AGAIN...run ...
THE RISK IS..why keep asking money from shareholders? Is the profit there?
can they complete their construction and buyers will not suffer abandoned project woe?
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Re: KLSE starting to collapse
« Reply #11726 on: January 02, 2019, 11:20:25 AM »
Wohoo... Collapsing  :clap:
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Re: KLSE starting to collapse
« Reply #11727 on: January 02, 2019, 11:21:15 AM »
BEIJING: China's factory activity contracted for the first time in 19 months in December as domestic and export orders continued to weaken, a private survey showed, pointing to a rocky start for the world's second-largest economy in 2019.

The gloomy readings largely dovetailed with an official survey on Monday which showed growing strains on China's manufacturing sector, a key source of jobs. The findings reinforce views the economy is losing more steam.

The Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) for December, released on Wednesday, fell to 49.7 from 50.2 in November, marking the first contraction since May 2017.

Economists polled by Reuters had forecast only a marginal dip from November to 50.1, just above the neutral 50-mark dividing expansion from contraction on a monthly basis.

New orders -- an indicator of future activity -- fell for the first time in two and a half years, with companies reporting subdued demand despite some price discounting. New export orders shrank for the ninth month in a row.

While production edged higher after two months of stagnation, factories cut jobs for the 62nd month in a row.

"External demand remained subdued due to the trade frictions between China and the U.S., while domestic demand weakened more notably," said Zhengsheng Zhong, director of macroeconomic analysis at CEBM Group.

"It is looking increasingly likely that the Chinese economy may come under greater downward pressure," said Zhong.

The Caixin/Markit survey focuses mostly on smaller businesses, which are believed to be more export oriented.

China's official PMI showed factory activity contracted for the first time in over two years, also pressured by weak demand at home and abroad.

It suggested small and mid-sized firms were seeing a sharper deterioration in business conditions than larger companies, a trend that policymakers have repeatedly tried to address through special loan programs and steps to reduce operating costs.

With business conditions expected to get worse before they get better, China is expected to roll out more support measures in coming months on top of a raft of initiatives in 2018.

The country's top leaders, at an annual meeting in December, pledged to cut taxes and keep liquidity ample while pushing forward trade talks with the United States.

However, while a deal to end the trade war would help shore up confidence, analysts say it would be no panacea for China's economic woes.

Domestic demand had already been weakening before the two sides started to exchange *-for-tat tariffs as a regulatory crackdown on risky lending was pushing up borrowing costs.

U.S. President Donald Trump and Chinese President Xi Jinping agreed last month to a 90-day trade ceasefire to allow for fresh talks. That delayed the most imminent threat for China -- a sharp hike in U.S. tariffs on Chinese goods that had been set for Jan. 1.

Trump said last weekend that talks were progressing well. But many analysts doubt Beijing and Washington can bridge their many differences and reach a comprehensive trade deal in so short a negotiating window.

MORE HELP COMING

To encourage cautious bankers to keep lending to struggling firms, the central bank cut the amount of cash banks have to set aside as reserves four times in 2018. Hefty additional cuts are expected this year, along with steps to make it easier for private companies to raise funds and refinance.

Authorities are fast tracking infrastructure projects and cutting import tariffs in a bid to rekindle demand, but the moves will take time to kick in and analysts believe the economy will not stabilize until the middle of this year.

Beijing says China is still on track to hit its 2018 growth target of around 6.5 percent, down from 6.9 percent in 2017. But a further slowdown is expected this year even if a trade deal is reached.

The World Bank predicts growth will slow to 6.2 percent in 2019, still robust by global standards but the weakest expansion in nearly 30 years. - Reuters
   
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Re: KLSE starting to collapse
« Reply #11728 on: January 02, 2019, 11:21:46 AM »
KUALA LUMPUR (Jan 2): Brahim's Holdings Bhd shares slumped 26.8% at mid-morning today as Lembaga Tabung Haji continued to transfer its underperforming equities to the special purpose vehicle under the Ministry of Finance.

Filings with Bursa Malaysia on Dec 31 showed that the pilgrim fund had transferred its shareholdings in Brahim's to Urusharta Jamaah Sdn Bhd.

At 10.25am, Brahim's fell 7.5 sen to 20.5 sen with 149,400 shares traded.

Tabung Haji had transferred 45.55 million shares in Brahim's to Urusharta Jamaah, and ceased to be a substantial shareholder in the firm.
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Re: KLSE starting to collapse
« Reply #11729 on: January 02, 2019, 11:22:38 AM »
Show us 1650 today  8)
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Re: KLSE starting to collapse
« Reply #11730 on: January 02, 2019, 01:47:10 PM »
KUALA LUMPUR: Malaysia's manufacturing sector in the fourth quarter saw the sharpest deterioration in at least six-and-a-half years, a Nikkei survey showed.

The Nikkei Malaysia Manufacturing Purchasing Managers Index, a measure of business conditions in the country's manufacturing sector, hit 46.8 in Devcember, down from 48.2 in November, the lowest level since the survey started in July 2012.

Readings above 50 indicates an expansion while those below 50 indicates a contraction.

"December data revealed the strongest contraction in the Malaysian manufacturing sector that has ever been recorded in the survey’s six-and-a-half-year history.

 :( :speechless:

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Re: KLSE starting to collapse
« Reply #11731 on: January 02, 2019, 01:53:06 PM »
KUALA LUMPUR: Malaysia's manufacturing sector in the fourth quarter saw the sharpest deterioration in at least six-and-a-half years, a Nikkei survey showed.

The Nikkei Malaysia Manufacturing Purchasing Managers Index, a measure of business conditions in the country's manufacturing sector, hit 46.8 in Devcember, down from 48.2 in November, the lowest level since the survey started in July 2012.

Readings above 50 indicates an expansion while those below 50 indicates a contraction.

"December data revealed the strongest contraction in the Malaysian manufacturing sector that has ever been recorded in the survey’s six-and-a-half-year history.

 :( :speechless:

 :thumbsup: :handshake:
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Re: KLSE starting to collapse
« Reply #11732 on: January 02, 2019, 04:07:10 PM »
KUALA LUMPUR (Jan 2): AmBank Research expects the Malaysian producer price index (PPI) figures to remain under negative growth pressure at least in the early months of 2019.  :'(

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Re: KLSE starting to collapse
« Reply #11733 on: January 02, 2019, 04:09:59 PM »
20 points dropped. More to go  :clap:
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Re: KLSE starting to collapse
« Reply #11734 on: January 02, 2019, 04:10:20 PM »
200 up 550 down  :D
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Re: KLSE starting to collapse
« Reply #11735 on: January 02, 2019, 04:12:30 PM »
(吉隆坡2日讯)敞开全新一年,令吉兑美元并没有好过一点,依旧是延续去年跌势,开年走势节节败退,根据国家银行官网数据,令吉兑美元盘中一度贬至4.1410,较周一(31日)闭市时的4.1380报价跌0.07%。



令吉兑美元今早开市原本升值0.05%至4.1360,随后于11时30分报价时段跌至4.14,并在中午12时,进一步贬至4.1410。

经济学家认为,按照技术图表,令吉兑美元应当会反弹而非下跌。
经济学家认为,按照技术图表,令吉兑美元应当会反弹而非下跌。(图:www.123rf.com)
除此之外,令吉兑其他主要货币表现起伏不定,兑新元全天涨跌互见、兑英镑开低走低、兑人民币则呈先盛后衰。

截至中午12时,令吉兑新元升0.18%至3.0321、兑英镑微贬0.02%至5.2719、兑人民币则下跌0.4%至0.6040。

大马伊斯兰银行(Bank Islam Malaysia)首席经济学家莫哈末阿查尼占向“马新社”指出,交易员对于令吉仍然抱持谨慎,尤其是现在整体外围环境相当脆弱。

他说:“12月份中国制造业采购经理人指数跌破50点荣枯线、美国多个政府机关仍然停摆,以及美中官方本月稍晚时候将会就之间贸易进行谈判,且当中仍然存在许多变数。”

去年,令吉兑美元全年贬值2.15%,在一众亚洲货币中,排名第5。

技术性而言,阿查尼占认为,令吉目前已处“超卖”(oversold)区域,普遍来说,短期是应该出现一些反弹。他估计,令吉兑美元将回到支撑水平4.1197。

hotpic a1
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Re: KLSE starting to collapse
« Reply #11736 on: January 02, 2019, 04:19:25 PM »
THE lakes look not very deep, just nice.
Water was crystal clear.
but when you walk into it, you regret not measure it earlier,especially if you jusy tikam tikam
"The only conquests which are permanent and leave no regrets are our conquests over ourselves"    Quote from Napolean Bonaparte

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Re: KLSE starting to collapse
« Reply #11737 on: January 02, 2019, 04:31:39 PM »
 :thumbsup:1670 broken  :thumbsup:
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Re: KLSE starting to collapse
« Reply #11738 on: January 02, 2019, 04:32:26 PM »
THE lakes look not very deep, just nice.
Water was crystal clear.
but when you walk into it, you regret not measure it earlier,especially if you jusy tikam tikam

Falling knife cannot catch ah 🔪 🔪   :shake:
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Re: KLSE starting to collapse
« Reply #11739 on: January 02, 2019, 04:55:58 PM »
Falling knife cannot catch ah 🔪 🔪   :shake:

dow future plunge 420 now
happy new year 2019
363 days to go
"The only conquests which are permanent and leave no regrets are our conquests over ourselves"    Quote from Napolean Bonaparte

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Re: KLSE starting to collapse
« Reply #11740 on: January 02, 2019, 05:02:15 PM »
PROPERTY market investors who bought last 12 to 24 months are now holding their purchased units at 10-20% higher than market subsale or even developer price.

Demand will only come in after so many unsold units can be digested. It will take at least 3-5 years.

If you STILL wants to buy property , DONT buy projects by MAYLAND/l&g. Their condo project got management problem. The developer try to control the condo managent to their own proxy. But not doing the job. For example TNB bill for common area is 750k. The staircase light is never switch during day time, 20 storey x 3 light x 3 staircase =180 lights per block.

CHINA WARN CITIES TO CUT RELIANCE  ON PROPERTY, DEVELOPERS SHARES PLUNGE
"The only conquests which are permanent and leave no regrets are our conquests over ourselves"    Quote from Napolean Bonaparte

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Re: KLSE starting to collapse
« Reply #11741 on: January 02, 2019, 05:14:04 PM »
(吉隆坡2日讯)我国12月制造业活动出现6年半前开始调查以来最低,拖累马股在2019年首个交易日早盘下跌1.08%。

日经大马制造业采购经理人指数(PMI)从11月的48.2,降至12月的46.8。

中国疲软的经济数据进一步打压市场情绪,拖累区域股市。

休市时,富时隆综指大跌18.24点,报1672.34点。

下跌股达440只、上升股213只,259只无起落。成交量有10亿7000万股,值4亿2309万令吉。

主要下跌股包括Dutch Lady Milk Industries Bhd、Petronas Dagangan Bhd、Petronas Gas Bhd、Kuala Lumpur Kepong Bhd、PPB Group Bhd、Batu Kawan Bhd、MISC Bhd、AMMB Holdings Bhd、Tenaga Nasional Bhd、Axiata Group Bhd和Malayan Banking Bhd。

热门股有Sapura Energy Bhd、Sumatec Resources Bhd、Datasonic Group Bhd、My EG Services Bhd、Prestariang Bhd、PUC Bhd、Hubline Bhd和Permaju Industries Bhd。

上升股则有Nestle (M) Bhd、Panasonic Manufacturing Malaysia Bhd、GHL Systems Bhd、United Plantations Bhd、Aeon Credit Service (M) Bhd和Hang Seng Index-linked put warrants。

路透社报道,在中国发布令人失望的经济数据后,马来西亚和新加坡股市周三双双走低,而房地产类股的涨势推动菲律宾和越南股市走高。

报道指出,其他亚洲股市亦下跌,此前一项调查显示,中国12月制造业活动19个月以来首次萎缩,因国内和出口订单持续走弱。

丰隆投资银行研究指出,道琼斯工业指数经过12月的沉重抛售活动后可能出现反弹,但交易活动将专注于1月14日开始的企业财报季节,这可能为市场提供方向。

“与此同时,我们预计在90天贸易休战期间波动可能会持续,因为此时市场仍然是受到头条新闻的影响。”

“我们认为马股回调可能在短期内持续,但基于平滑异同移动平均线(MACD)指标的技术读数,这表明看涨背离可能意味着关键指数限制了下行风险,并可能促使‘1月效应’反弹。”

“支撑点介于1630至1650点之间。”
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Re: KLSE starting to collapse
« Reply #11742 on: January 03, 2019, 09:13:44 AM »
INARI under selling pressure.
1.70 and 1.40 support broken
today APPLE announce bad news, APPLe shares plunge in US after hours?
reflected in INARI price drop now
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Re: KLSE starting to collapse
« Reply #11743 on: January 03, 2019, 09:50:33 AM »
INARI under selling pressure.
1.70 and 1.40 support broken
today APPLE announce bad news, APPLe shares plunge in US after hours?
reflected in INARI price drop now

NETFLIX to to stop payment and to bypass  APPLE on user subscription.
APPLEto lose 300usd alibaba $
 
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Re: KLSE starting to collapse
« Reply #11744 on: January 03, 2019, 10:15:55 AM »
"The recent global PMI which slipped to 51.5 points in December,  suggests manufacturers are becoming increasingly wary over business prospects. It has prompted flight to quality assets, hence, making the US dollar attractive as a safe-haven asset," he told Bernama.

Similarly, he said, Malaysia’s PMI also declined to 46.8 points December and remained below the 50-point demarcation line for three consecutive months.

 :sweat: :phew:

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Re: KLSE starting to collapse
« Reply #11745 on: January 03, 2019, 10:24:16 AM »
KUALA LUMPUR: Inventory clearing efforts and REHDA's commitment to lower house prices by 10% is negatively impacting earnings in the property sector.

In its Thursday sector update, Kenanga research said the KL Property Index declined by 26% in 2018, underperforming the FBM KLCI, which fell 7%.

This marked the fourth year of underperformance against the broader market, it said.

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Re: KLSE starting to collapse
« Reply #11746 on: January 03, 2019, 03:10:09 PM »
Heading to red again  :sweat:
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Re: KLSE starting to collapse
« Reply #11747 on: January 03, 2019, 03:35:59 PM »
(吉隆坡3日讯)亚洲航空(AirAsia Group Bhd)集团总执行长丹斯里东尼费南德斯表示,在削减航线与成本以及提高飞机使用率后,2019年将是亚航长程(AirAsia X Bhd)有史以来最好的一年。

他在推特上说:“2019年将是亚航长程最好的一年。最被低估的航空公司。努力做了所有工作。削减愚蠢的航线。重新谈判租约。提高使用率。削减成本。”

截至下午3点02分,亚航长程报23.5仙,起0.5仙,共513万7800股成交。亚洲航空则跌3仙,至2.93令吉,约251万股易手。
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Re: KLSE starting to collapse
« Reply #11748 on: January 03, 2019, 04:00:31 PM »
(布城3日讯)大马橡胶局(LGM)在2010年将双溪毛糯部分土地售予隶属财政部的特别用途公司(SPV)交易中,损失至少7亿8000万令吉。

原产业部长郭素沁今日在新闻发布会上指出,橡胶局在支付同一幅地(双溪毛糯Lot 481)不同部分的未完成发展费用后,还造成了7000万令吉的损失。

她表示,出售予SPV,即Aset Tanah Nasional Bhd(ATNB)的2800英亩地,是Lot 481地段3385英亩地的一部分。当时,橡胶局在内阁的指示下,以15亿令吉通过直接交易卖给ATNB。

“然而,Kwasa Land私人有限公司随后在2011年,以约22亿8000万令吉购买上述2800英亩地。”

根据Kwasa Land的官方网站,该公司成立于2010年,是雇员公积金局(EPF)的独资子公司,专门负责位于巴生谷2330英亩黄金地段的发展。该地原属橡胶局。

现任橡胶局主席Sankara Nair说,这引出了一个问题,即为什么土地最初卖给ATNB,而不是直接售给EPF。

郭素沁补充,至于Lot 481余下的585英亩地,橡胶局委任了一个项目交付伙伴(PDP),以11亿令吉发展5设施,显然没有得到(橡胶局)董事部批准。

据了解,PDP于2018年2月终止之前,PDP只完成了5%的发展。Sankara说,PDP在项目终止前,获得7000万令吉,占项目总成本的6.3%。

Sankara还证实,该项目的PDP是KLIA Consortium,由KLIA Associates私人有限公司和KLIA Consultancy Services私人有限公司组成。此前的新闻报道显示,成荣集团(Mudajaya Group Bhd)是工程配套承包商之一。

但Sankara补充,Lot 481另一个名为“Taman Warisan Baka Getah Malaysia”的国家遗产项目将继续进行。

这些问题是橡胶局在郭素沁就任后,指示进行初步审核后发现的。

Sankara称,已针对2010年土地交易向总稽查署投报,以便展开进一步调查。

他说:“(橡胶局)内部审计仍在进行中……可能会在稍后招来外部审计师。我们希望总稽查署可在一个月内完成(独立审计)。”

郭素沁补充,已于2018年11月27日向大马反贪污委员会(MACC)投报,因于2018年终止的5设施项目违反既定的橡胶局程序。

“除此之外,董事部还将就该局的不当行为,对一些个别官员采取纪律处分。”

Sankara并称,董事部因而宣布,在全马拥有约30亿令吉土地的橡胶局立即暂停所有土地的未来发展。
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Re: KLSE starting to collapse
« Reply #11749 on: January 03, 2019, 04:10:19 PM »
“While not our base case, we do not discount the possibility that BNM may cut the overnight policy rate in 2019 to stimulate Gross Domestic Product growth,” Maybank IB said.