tag:blogger.com,1999:blog-47721928169112949462024-03-23T05:05:39.256-07:00KLSE Bursa and techs (RAYTECH KLSE)SHARING AND INVESTING.
It is my believe that everyone have the potential to have financial freedom in their life.raytechhttp://www.blogger.com/profile/11068792331173362057noreply@blogger.comBlogger815125tag:blogger.com,1999:blog-4772192816911294946.post-67769482596742865342018-11-21T18:50:00.001-08:002018-11-21T18:50:31.733-08:00Is ICERD against the Federal Constitution? | Newsflash<iframe allowfullscreen="" frameborder="0" height="344" src="https://www.youtube.com/embed/8yPfmIlpWq8" width="459"></iframe>raytechhttp://www.blogger.com/profile/11068792331173362057noreply@blogger.com0tag:blogger.com,1999:blog-4772192816911294946.post-60823589440666723422018-10-31T21:46:00.001-07:002018-10-31T21:46:19.729-07:00Xavier Justo gives his first-ever televised interview<iframe allowfullscreen="" frameborder="0" height="344" src="https://www.youtube.com/embed/zzHcBbvfHCo" width="459"></iframe>raytechhttp://www.blogger.com/profile/11068792331173362057noreply@blogger.com0tag:blogger.com,1999:blog-4772192816911294946.post-38744283542617120482017-06-21T09:12:00.001-07:002017-06-21T09:12:39.357-07:00TERKINI:RAFIZI RAMLI-Kenaikan Gaji Pekerja Swasta???<iframe allowfullscreen="" frameborder="0" height="270" src="https://www.youtube.com/embed/KF9Cg9Nvk6I" width="480"></iframe>raytechhttp://www.blogger.com/profile/11068792331173362057noreply@blogger.com0tag:blogger.com,1999:blog-4772192816911294946.post-52201375647349561372017-06-07T08:30:00.001-07:002017-06-07T08:30:42.794-07:00BICARA SRIKANDI:Rafizi Ramli-Pembantu Rumah Adakah Satu Keperluan,Krisis...<iframe allowfullscreen="" frameborder="0" height="270" src="https://www.youtube.com/embed/HgcN66F4zZY" width="480"></iframe>raytechhttp://www.blogger.com/profile/11068792331173362057noreply@blogger.com0tag:blogger.com,1999:blog-4772192816911294946.post-43872959216610061292017-04-17T19:36:00.001-07:002017-04-17T19:36:42.107-07:00PBS Frontline Secret History of the Credit Card<iframe allowfullscreen="" frameborder="0" height="344" src="https://www.youtube.com/embed/Sb6ucR222EE" width="459"></iframe><br /><br />
<br /><br />
<br /><br />
Please understand the credit card loop hole which will suck you in if you not be discipline on your credit card payment, especially our Malaysian youth and other vulnerable segment of our society. Do let the credit card to snow ball and cause you to dig into the debt hole cycle. Use your credit card wisely, credit card have it pro and convenient if you know how to use the credit available to you wisely and pay on time. Thanks raytechhttp://www.blogger.com/profile/11068792331173362057noreply@blogger.com0tag:blogger.com,1999:blog-4772192816911294946.post-37138969551104519572017-03-08T07:25:00.001-08:002017-03-08T07:25:48.461-08:00Cash for Kim: North Korean Forced Laborers in Poland<iframe allowfullscreen="" frameborder="0" height="270" src="https://www.youtube.com/embed/SPjKs8NuY4s" width="480"></iframe>raytechhttp://www.blogger.com/profile/11068792331173362057noreply@blogger.com0tag:blogger.com,1999:blog-4772192816911294946.post-53687299464081634852017-03-06T07:49:00.001-08:002017-03-06T07:49:37.348-08:00Comparing the cost of new and used cars<iframe allowfullscreen="" frameborder="0" height="270" src="https://www.youtube.com/embed/I4ArgsnpYCw" width="480"></iframe>raytechhttp://www.blogger.com/profile/11068792331173362057noreply@blogger.com0tag:blogger.com,1999:blog-4772192816911294946.post-28903358966684631912017-03-05T08:56:00.001-08:002017-03-05T08:58:41.381-08:00Yong: English proficiency among Malaysians worrying<br />
<br />
We need more malaysian like Tan Sri Yong Poh Kon that really contribute to national building especially in our education system, Hope to see a redical transformation of our education for our next generation..These are the person who deserve our respect and acknowledgement.. <br />
<br />
Enjoy the video.. <br />
<iframe allowfullscreen="" frameborder="0" height="270" src="https://www.youtube.com/embed/bmWB2QvJlQk" width="480"></iframe>raytechhttp://www.blogger.com/profile/11068792331173362057noreply@blogger.com0tag:blogger.com,1999:blog-4772192816911294946.post-75900774199887572282017-02-19T09:26:00.001-08:002017-02-19T09:26:45.025-08:0020170212-SS Dato Dr Asri Forum-Sejauh Mana Anda Memahami HUDUD<iframe allowfullscreen="" frameborder="0" height="270" src="https://www.youtube.com/embed/sgXZohb-u3o" width="480"></iframe>raytechhttp://www.blogger.com/profile/11068792331173362057noreply@blogger.com0tag:blogger.com,1999:blog-4772192816911294946.post-16587623418037539412016-11-24T06:43:00.001-08:002016-11-24T06:43:10.342-08:00HAMPIR DI BELASAH!!~ "Anak Menteri "SIAL" Serang Khalid Samad di Luar De...<iframe width="480" height="270" src="https://www.youtube.com/embed/He9A2PMIt2M" frameborder="0" allowFullScreen=""></iframe>raytechhttp://www.blogger.com/profile/11068792331173362057noreply@blogger.com0tag:blogger.com,1999:blog-4772192816911294946.post-65712676598507299012016-10-09T21:30:00.005-07:002016-10-09T21:34:20.078-07:00Seeking a suitable investment strategy in 4Q16<div class="field field-name-field-edge-tv" style="background: rgb(255, 255, 255); border: 0px; color: #484848; font-family: Roboto, sans-serif; font-size: 15px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">
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<b>Below is the article from the Egde. We may want to be applying more cautious strategy on the final quarter of 2016 as the early of November of the year the market may become more volatile as the US Presidential election is nearing. Mean while this month we may see some political links company may see some upside due to the anticipate 2017 Budget allocation. </b><br />
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This article first appeared in <em style="background: transparent; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">The Edge Financial Daily</em>, on October 10, 2016.<br />
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KUALA LUMPUR: What investment strategy is best in a listless market? As the benchmark FBM KLCI seesawed its way through the first nine months of this year, some analysts believe market timing and trading could be key as market volatility is expected to heighten in the run-up to Budget 2017, the US presidential election and a possible US Federal Reserve rate hike.</div>
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The FBM KLCI has been trading in a 52-week range of 1,600.92 points to 1,729.13 points. But year to date, it has remained relatively flat, falling 1.6% to close at 1,665.38 last Friday.</div>
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According to Inter-Pacific Securities Sdn Bhd research head Pong Teng Siew, investment success requires speedy shifts in the current market conditions.</div>
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“It’s been a very tiring year. The FBM KLCI has not been doing very well. Even the ACE Market [of Bursa Malaysia] is not showing very good returns. Stock picks and ideas for 2016 only work for a relatively short period of three to six months. The ideas won’t work throughout the year. I think trading is the name of the game for 2016,” he told The Edge Financial Daily in a telephone interview.</div>
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Pong believes a bottom-up strategy, in which the emphasis is on a given company’s performance, is a suitable investment approach in the current environment as it is difficult to predict the overall trend of the market.</div>
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He also noted that equity investing in 2016 is all about timing.</div>
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“Investors who entered the market in January would have seen significant gains, but those who had invested since end-2016 and held on to the stocks would have seen a slight loss,” he said.</div>
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Recall that 2016 was a discouraging start for the local bourse, dragged down by the massive sell-off in Chinese stocks. The FBM KLCI fell by 5.4% to 1,600.92 points in just 21 days into the new year.</div>
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The market staged a rally on April 15 when it breached the 1,700-point psychological level to 1,727.99. However, the rally was short-lived as the index plummeted to 1,614.90 on June 16. Those who had invested at its high could have lost as much as 3.6%, while those who had invested at its low at the beginning of the year could have gained as much as 4%.</div>
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“Take profit if you make some gains. I think this should be the strategy in a flat market,” Pong added.</div>
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Pong is also of the view that the oil and gas (O&G) sector remains a wild card for investors at this stage despite the Opec agreeing to cut production, adding that the US is now the largest oil exporter in the world. Should the global supply of oil be successfully reduced, there will be more interest in the FBM KLCI as a whole, especially in the O&G sector, he added.</div>
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Etiqa Insurance & Takaful head of research Chris Eng shares the same sentiment as Pong, expecting some excitement to return to the O&G sector if production cuts by Opec members manage to sustain oil prices. Brent crude oil prices were down 1.2% to US$51.86 (RM215.22) per barrel last Friday, while US West Texas Intermediate futures settled down 1.3% at US$49.81 per barrel.</div>
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Chris also noted that stock picking is best in the current market conditions, adding that liquidity is key when picking companies as the outlook remains uncertain.</div>
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“I am quite positive [on outlook for the stock market] for this month but I am a bit cautious about next month, which is when we will see the US election and a potential US interest rate hike. We continue to focus on stocks with high amount of liquidity,” he said.</div>
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Still, Chris believes the current market conditions provide a good entry point for investors with an investment horizon of three years or more.</div>
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UOB Asset Management (Malaysia) Bhd chief investment officer Francis Eng Tuck Meng, meanwhile, advocates a buy-and-hold strategy, suggesting that investors buy into companies with strong fundamentals, cash flow and value for investment and hold them regardless of market volatility.</div>
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“Do your homework and find a good company to invest in, and then ride on its growth,” he said.</div>
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Francis is of the view that Malaysia is in a sweet spot, particularly in the construction, palm oil and consumer sectors.</div>
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“The Consumer Sentiment Index has started to adjust to the goods and services tax (GST), the weak ringgit and other negative sentiments. Consumer sentiment is looking up.</div>
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“There has also been a rebound in crude palm oil prices recently and it looks like good news for the palm oil sector,” he said, adding that the construction sector will benefit from ongoing mega projects such as the mass rapid transit Line 2, the Pan-Borneo Highway project and the light rail transit Line 3.</div>
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Yvonne Tan, general manager of investment services at Eastspring Investment Bhd, said it continues to adopt the bottom-up approach.</div>
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“We have always looked at the market from a bottom-up approach. Some of the things that we look for are stocks offering high dividend yields,” she said.</div>
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According to a report dated Sept 29, Nomura Global Markets Research believes that trading is the name of the game as the FBM KLCI enters into a period of increased volatility.</div>
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It attributes the unexciting market performance year to date to the lack of recovery in corporate earnings despite their valuations not being cheap at 15.8 times its forward price-earnings ratio.</div>
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However, Nomura sees limited downside from foreign selling in the FBM KLCI as foreign positioning is quite light at the moment. It expects the FBM KLCI to end 2016 around 1,680 points and inch modestly up to 1,725 by end-2017.</div>
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The foreign research house said in an environment of flattish trend returns, low differentiation and low visibility, capturing cyclical ups and downs in the market is an effective way to enhance returns. It said one local catalyst to keep in mind is the timing of elections, expecting gains around the event, usually starting 60 days before the event, to be the best period of upside for the FBM KLCI.</div>
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Its top stock picks are Public Bank Bhd, RHB Bank Bhd, Tenaga Nasional Bhd, IJM Corp Bhd, Genting Malaysia Bhd, Malaysia Airports Holdings Bhd, AirAsia Bhd, AirAsia X Bhd, Pavilion Real Estate Investment Trust (REIT), Bison Consolidated Bhd and Karex Bhd.</div>
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However, Nomura advised that Malayan Banking Bhd, Maxis Bhd, Gamuda Bhd and IOI Corp Bhd are among the large-cap “reduce”-rated stocks that are best avoided for now.</div>
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Meanwhile, it has an “overweight” call on the transports and logistics, REITs, consumer, healthcare and pharmaceuticals, gaming, hotels and leisure, and telecommunications sectors but is “underweight” on the O&G and financial sectors.</div>
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According to Maybank Investment Bank Research (Maybank IB Research), defensive equity positioning is recommended such as investing in high yielding stocks and to position for the 14th general election (GE14) in the country during broad market weakness.</div>
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The local research firm is of the view that the FBM KLCI will end the year on a positive note, taking it up to beyond the 1,700-mark with valuations lifted higher on any signs of an early GE14. The FBM KLCI saw a pretty good start to the October month with a gain of 12.83 points or 0.78% in just the first week.</div>
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Maybank IB Research also said encouraging observations are made at the consumer sector.</div>
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“At staples or retail or F&B (food & beverages), most have seen gradual recovery in sales since the second quarter of 2015’s GST implementation. Also, while softer raw material prices helped, most multinational companies have sharpened their cost efficiencies to drive bottom line growth,” it said in a Sept 2 report.</div>
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The research firm added that sectors such as utilities, REIT and construction continue to be favoured, while cement and property are negatively viewed.</div>
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raytechhttp://www.blogger.com/profile/11068792331173362057noreply@blogger.com0tag:blogger.com,1999:blog-4772192816911294946.post-5923593732264607352016-10-09T21:11:00.003-07:002016-10-09T21:12:34.735-07:00China's yuan sinks to six-year low after c.bank drops midpoint<div style="background: rgb(255, 255, 255); border: 0px; color: #333333; font-family: Roboto, sans-serif; font-size: 16px; line-height: 25px; margin-bottom: 15px !important; outline: 0px; padding: 0px; vertical-align: baseline;">
SHANGHAI (Oct 10): China's yuan dipped to a six-year low against the dollar on Monday, breaching a key psychological threshold after a week-long national holiday that saw offshore-traded yuan slump to nine-month lows.</div>
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The fall in the value of the Chinese currency comes after the central bank announced late last week that its foreign exchange reserves dropped for a third month in September, by more than expected, suggesting fresh capital outflows from the world's second-largest economy.</div>
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Pressure has also risen on the yuan as the US dollar has strengthened in global markets, most recently on the back of strong labour market data that supports a possible US interest rate hike later this year.</div>
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<strong style="background: transparent; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">TOUGH TO PREDICT</strong></div>
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One trader at a European bank in Shanghai said he thought the yuan could potentially continue to depreciate against the dollar unless the central bank took steps to stop the slide.</div>
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"It's hard to predict how the yuan will move today, and so far we haven't seen any central bank actions. The yuan could soon breach the 6.75 level if the central bank does not show up at all," said the trader, who declined to be identified because he was not authorised to speak publicly.</div>
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A trader at a Chinese bank said the central bank may have loosened its grip at the 6.7 per dollar level after the yuan's official inclusion into the International Monetary Fund's reserve basket, known as Special Drawing Rights (SDR), on Oct.1.</div>
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"We will have to see what the next threshold is," the trader added.</div>
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On Friday, the offshore yuan slumped to its lowest rate against the dollar since Jan. 7. Offshore yuan mostly trades in Hong Kong and is not bound by the Chinese central bank's tight trading restrictions.</div>
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Hong Kong markets are closed Monday for a holiday.</div>
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In the weeks before onshore markets closed for China's long holiday, the spot rate flirted with 6.7. The last close was at 6.6745.</div>
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The yuan is expected to fall another 3% by next September, according to a <em style="background: transparent; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Reuters</em> poll of more than 70 foreign exchange strategists issued on Thursday.</div>
raytechhttp://www.blogger.com/profile/11068792331173362057noreply@blogger.com0tag:blogger.com,1999:blog-4772192816911294946.post-21060555244678310742016-08-07T07:28:00.001-07:002016-08-07T07:30:28.989-07:00Sarawak Report:Laura Justo <br />
<iframe allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/-DmnI34HwdY" width="560"></iframe><br />
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This real story look more scary and dramatic then movie... Hope Laura can be strong to endure this challenging times with his husband and her baby..<br />
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May justice be prevail and all the criminal that betrayed country and the Malaysian people will be bought to justice. <br />
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I think 1MDB case...is more dramatic then the Wolf of Wall Street. raytechhttp://www.blogger.com/profile/11068792331173362057noreply@blogger.com0tag:blogger.com,1999:blog-4772192816911294946.post-79144639831845929342016-07-28T21:47:00.001-07:002016-07-28T21:47:20.637-07:005 things you need to know about the DOJ case against 1MDB<iframe allowfullscreen="" frameborder="0" height="270" src="https://www.youtube.com/embed/cEFr3k69KSw" width="480"></iframe><br /><br />
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Good info.....from Malaysia Kini....raytechhttp://www.blogger.com/profile/11068792331173362057noreply@blogger.com0tag:blogger.com,1999:blog-4772192816911294946.post-55255001184377695192016-07-20T22:38:00.001-07:002016-07-20T22:44:59.553-07:001MDB Attorney General US Press Release: 21 July 2016<iframe allowfullscreen="" frameborder="0" height="344" src="https://www.youtube.com/embed/31j0OB0OBoM" width="459"></iframe><br />
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The 1MDB tsunami wave is coming....Good job from US Attorney General.<br />
May the truth be prevail...and justice install for people of Malaysia..raytechhttp://www.blogger.com/profile/11068792331173362057noreply@blogger.com1tag:blogger.com,1999:blog-4772192816911294946.post-17093336466839609922016-06-22T02:08:00.001-07:002016-06-22T02:09:43.595-07:00The Edge Report:Prices in Penang move sideways in the first quarter<div style="background-color: white; box-sizing: border-box; color: #333333; font-family: Asap, sans-serif; font-size: 16px; line-height: 22.8571px; margin-bottom: 10px; text-align: justify !important;">
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<img alt="Penang" class="caption" src="http://dbv47yu57n5vf.cloudfront.net/s3fs-public/editorial/my/2016/June/22/PENANG14_MSY.jpg" style="border: 0px; box-sizing: border-box; height: 633px; max-width: 100%; vertical-align: middle; width: 950px;" title="Will the prices of Penang houses, considered expensive, drop because of the soft market conditions? (Photo by The Edge)" /></div>
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THE Penang housing market moved sideways on both the primary and secondary markets in the first quarter of the year, says Michael Geh (<em style="box-sizing: border-box;">pictured</em>), director at Raine & Horne International Zaki + Partners.</div>
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“I noted active transactions on the secondary market with prices staying flat,” he says in presenting the 1Q2016 Penang Housing Property Monitor.</div>
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Banks, he adds, only provide loans of up to 70% to 80% of a property’s value and serious first-time homebuyers have to make up the difference in order to sign the sales and purchase agreement.</div>
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<img alt="Michael Geh" class="caption" src="http://dbv47yu57n5vf.cloudfront.net/s3fs-public/editorial/my/2016/June/22/Geh.jpg" style="border: 0px; box-sizing: border-box; float: right; height: 450px; margin: 8px; max-width: 100%; vertical-align: middle; width: 300px;" title="Geh believes a catalyst for the state’s housing market would be the much-talked-about RM27 billion Penang Transport Master Plan. (Photo by The Edge) " />“A few primary market projects have obtained the Advertising Permit and Developer Licence (APDL) and moved into the stage of processing loans from commercial banks and signing the S&P.” These projects include I-Santorini, SummerSkye and ForestVille, all under Ideal Group.</div>
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Will the prices of Penang houses, considered expensive, drop because of the soft market conditions? Geh says prices have come down to more realistic levels, especially with the government pushing the developers to build properties priced from RM300,000 to RM400,000 in the last two years, specifically for owner-occupiers.</div>
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Some of these properties, in areas such as Sungai Ara, Patani Road and Relau, have been taken up and are currently under construction, he adds.</div>
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Elsewhere in the country, some developers are pushing sales by providing financial assistance to the purchasers. Will those in Penang follow suit?</div>
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Geh says such a practice is not widespread for now. “Besides Sunway Bhd and S P Setia Bhd, I don’t see any other developer providing financial packages at the moment. I believe there are plans for such assistance but so far, nothing has been announced.”</div>
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He believes a catalyst for the state’s housing market would be the much-talked-about<br />
RM27 billion Penang Transport Master Plan (TMP). The ambitious plan will not only benefit the people but also bring about a more equitable housing situation and help retain local talent.</div>
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The TMP, he feels, will lead to equitable home property prices as areas that are not in prime locations will become more accessible, boosting demand for homes and resulting in higher prices. Properties in prime areas, which normally fetch higher prices, should see some price correction as demand is more evenly distributed across the state.</div>
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Apart from that, Geh opines that the TMP will help retain talent, which will subsequently impact the property market as the pool of workers seek to rent or own residential properties.</div>
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“Penang needs the TMP to grow in the next 10 years. We need to stem the migration of youths to the Klang Valley, Iskandar Malaysia and Singapore in search of better job opportunities. We need to create jobs and make conditions more liveable for our youth to prosper,” he says.</div>
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At present, two light rail transit lines have been approved under the TMP — one from Prangin Canal to Penang International Airport in<a href="http://www.theedgeproperty.com/my/penang/bayan-lepas" style="background-color: transparent; box-sizing: border-box; color: #428bca; text-decoration: none;" target="_blank">Bayan Lepas</a> and the other from Prangin Canal to Straits Quay.</div>
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As for creating jobs, the state government is making a concerted effort to develop new business sectors so that Penang can stay relevant to the global economy.</div>
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“An industry that has been highlighted by the state is the knowledge economy, such as apps and animation,” Geh says. This has been identified as a key economic sector for the next decade.</div>
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There is a proposal for three reclaimed islands in the southern part of Penang island to locate businesses for this sector, he says, and for the islands to be connected by an LRT line that extends from Penang International Airport.</div>
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However, it has not been plain sailing for the TMP because one of its components — the Sky Cab or cable car system — has been rejected by the federal government. The 4.8km cable car system, according to the Penang government’s TMP website, was to have connected Butterworth on the mainland to <a href="http://www.theedgeproperty.com/my/penang/jelutong" style="background-color: transparent; box-sizing: border-box; color: #428bca; text-decoration: none;" target="_blank">Jelutong</a> on the island. While this is a blow to the state government’s plans, Geh does not believe it will affect property prices.</div>
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“Cable car systems are generally more for tourists and not meant to move high volumes of people. I don’t think there will be a large negative impact on the property market. High-volume, high-frequency vessels that travel on water may be a better solution,” he says.</div>
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Another component of the TMP is an undersea tunnel linking the island with the mainland. However, further details are not forthcoming at present.</div>
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A development that will have an indirect impact on the Penang housing market is the much-debated Gurney Wharf. This 3km-long reclamation project lies just off the shores of popular tourist spot, <a href="http://www.theedgeproperty.com/my/penang/persiaran-gurney" style="background-color: transparent; box-sizing: border-box; color: #428bca; text-decoration: none;" target="_blank">Gurney Drive.</a></div>
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Geh believes this project has great potential to benefit the island. “I believe Gurney Wharf is an exciting development because it creates recreational activities for Gurney Drive. I think it is a boost to the area.”</div>
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<strong style="box-sizing: border-box;">Terraced houses</strong></div>
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The prices of landed properties did not rise much compared with those of high rises, the data compiled for the monitor reveals. This is due to “stagnation” as there were very few transactions during the quarter under review, compared with the high-rise sector where there was much more activity, Geh explains.</div>
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Nevertheless, property values have increased compared with a year ago.</div>
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For 1-storey terraced houses, some areas surveyed showed activity year on year but little movement quarter on quarter.</div>
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On the island, properties in Jelutong showed the highest price growth, rising 5.88% to RM900,000 from a year ago, followed by houses in Tanjung Bungah (up 5.26% to RM800,000). Houses in Sungai Dua, Sungai Ara and Bandar Bayan Baru saw slight price increases of 2.56%, 2.04% and 1.96% respectively while those in Green Lane and on the mainland saw no changes.</div>
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For 2-storey terraced houses, there was no activity q-o-q but prices rose y-o-y in some of the areas surveyed.</div>
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The prices of houses in Pulau Tikus rose 6.67% to RM1.6 million, followed by those in Sungai Ara (5.26% to RM1 million) and Sungai Nibong (4.55% to RM1.15 million). Prices remained unchanged in Green Lane and the mainland.</div>
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<strong style="box-sizing: border-box;">Semi-detached and detached houses</strong></div>
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The 2-storey semidees in some areas saw more activity in 1Q2016 than in the previous quarter and last year. Prices in Sungai Dua and Minden Heights rose 6.67% to<br />
RM1.6 million q-o-q, followed by those in Sungai Nibong (up 5.71% to RM1.85 million) and Island Park (up 2.27% to RM2.25 million). Prices in Sungai Ara remained unchanged.</div>
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There was no q-o-q increase for 2-storey detached houses but 50% of the units surveyed in the monitor saw y-o-y activity.</div>
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Island Glades bungalows saw a 3.57% increase to RM2.9 million y-o-y , the prices of Green Lane houses rose 2.86% to RM3.6 million and Pulai Tikus houses were up 2% to RM5.1 million. House prices in Tanjung Tokong, Tanjung Bungah and Minden Heights remained unchanged.</div>
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<strong style="box-sizing: border-box;">Flats and condominiums</strong></div>
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Three-bedroom flats in Green Lane and Bandar Baru Air Itam showed price increases q-o-q as well as y-o-y .</div>
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In Green Lane, prices rose 5.26% to RM400,000 q-o-q and 17.65% y-o-y. Units in Bandar Baru Air Itam rose 4.35% to RM240,000 q-o-q and 20% y-o-y.</div>
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Compared with a year ago, the prices of flats in Paya Terubong were up 12.5% to RM180,000, followed by Sungai Dua and Lip Sin Garden (6.06% to RM350,000) and Relau (3.45% to RM300,000).</div>
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Among the 3-bedroom condos, the biggest gainers were properties in Pulau Tikus, which rose 4.62% q-o-q and 9.68% y-o-y to RM680,000.</div>
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In Island Park and Island Glades, prices rose 4.17% q-o-q and 6.38% y-o-y to RM500,000 while condos in Batu Ferringhi rose 2.22% to RM460,000 q-o-q and y-o-y.</div>
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Batu Uban condos rose 5% to RM420,000 from the previous year but there was no activity q-o-q. The prices of Tanjung Bungah units remained unchanged.</div>
raytechhttp://www.blogger.com/profile/11068792331173362057noreply@blogger.com0tag:blogger.com,1999:blog-4772192816911294946.post-81145538089459592672016-05-09T07:14:00.001-07:002016-05-09T07:14:20.529-07:00How to calculate Stamp Fee and RPGT for between family member If you are looking for way to transfer property ownership to your family member. There is some good method to transfer the ownership which can save us the Stamp duty and RPGT cost...using the method describe below..this is a better way to save our hard earn money and use the saving to reinvest to other property assets investment. <br /><br />
<img alt="Image result for stamp duty for property malaysia parent to child" class="rg_i" data-src="https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcTFxa5OZ4DKEIWcpEgtx3xroWPUlUMErmEle6xMov2QvPttNE7mxA" data-sz="f" name="DbBYMP04Fk-_9M:" src="https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcTFxa5OZ4DKEIWcpEgtx3xroWPUlUMErmEle6xMov2QvPttNE7mxA" style="height: 145px; margin-left: -5px; margin-right: -5px; margin-top: 0px; width: 347px;" /><img alt="Image result for stamp duty for property malaysia parent to child" class="rg_i" data-src="https://encrypted-tbn1.gstatic.com/images?q=tbn:ANd9GcQ84czagoxaHq-iUE0kcsp8Q54qL3H8qO-a1kQ5Y_RIZDXeECYX" data-sz="f" name="FsyFvbM1uQOYRM:" src="https://encrypted-tbn1.gstatic.com/images?q=tbn:ANd9GcQ84czagoxaHq-iUE0kcsp8Q54qL3H8qO-a1kQ5Y_RIZDXeECYX" style="height: 177px; margin-left: 0px; margin-right: 0px; margin-top: 0px; width: 285px;" /><br />
Generally, an acquisition of property attracts stamp duty exposure
and a disposal of property may attract real property gains tax (“<strong>RPGT</strong>”).
Stamp duty is calculated on the market value of the property at the
time of the acquisition whereas RPGT is calculated on the profit gained
from the disposal of the property.<br />
In the case of a transfer of property between family members by way
of love and affection, the law provides for a full or partial exemption
of stamp duty and/or RPGT in certain instances.<br />
<br />
<h3>
<strong>Stamp Duty</strong></h3>
The stamp duty payable for arm’s length acquisitions is calculated in the following manner:<br />
<table>
<tbody>
<tr>
<td width="245"><strong>Consideration/ Adjudicated Value</strong></td>
<td width="217"><strong>Stamp Duty rate</strong></td>
</tr>
<tr>
<td width="245">First RM100,000</td>
<td width="217">1%</td>
</tr>
<tr>
<td width="245">Subsequent RM400,000</td>
<td width="217">2%</td>
</tr>
<tr>
<td width="245">Amount exceeding RM500,000</td>
<td width="217">3%</td>
</tr>
</tbody>
</table>
<br />
Please visit JPPH website for the stamp duty calculator :http://www.jpph.gov.my/V2/kira_dutisetem.php?versi=1<br />
<br />
In contrast, pursuant to the Stamp Duty (Exemption) (No. 10) Order
2007, the law provides for stamp duty exemption for a transfer of
property between family members by way of love and affection as follows:<br />
<table>
<tbody>
<tr>
<td width="172"><strong>Transferor</strong></td>
<td width="177"><strong>Transferee</strong></td>
<td width="157"><strong>Exemption Rate</strong></td>
</tr>
<tr>
<td width="172">Husband</td>
<td width="177">Wife</td>
<td width="157">100%</td>
</tr>
<tr>
<td width="172">Wife</td>
<td width="177">Husband</td>
<td width="157">100%</td>
</tr>
<tr>
<td width="172">Mother and/or father</td>
<td width="177">Child</td>
<td width="157">50%</td>
</tr>
<tr>
<td width="172">Child</td>
<td width="177">Mother and/or father</td>
<td width="157">50%</td>
</tr>
</tbody>
</table>
<br />
Note that ‘Child’ means a legitimate child, a step child or child
adopted in accordance with any law. Also, stamp duty is typically paid
by the transferee, unless agreed otherwise by parties.<br />
<br />
<h3>
<strong>Real Property Gains Tax</strong></h3>
With effect from 1 January 2014, the revised RPGT rates for the
disposal of real property and shares in real property companies are as
follows:<br />
<table>
<tbody>
<tr>
<td colspan="4" width="504"><strong>2014 RPGT Rate</strong></td>
</tr>
<tr>
<td width="130">Date of Disposal</td>
<td width="116">Companies</td>
<td width="137">Individual (Citizen & Permanent Resident)</td>
<td width="121">Individual (Non-Citizen)</td>
</tr>
<tr>
<td width="130">Within 3 years from the date of acquisition</td>
<td width="116"><strong>30%</strong></td>
<td width="137"><strong>30%</strong></td>
<td width="121"><strong>30%</strong></td>
</tr>
<tr>
<td width="130">In the 4<sup>th</sup> year</td>
<td width="116"><strong>20%</strong></td>
<td width="137"><strong>20%</strong></td>
<td width="121"><strong>30%</strong></td>
</tr>
<tr>
<td width="130">In the 5<sup>th</sup> year</td>
<td width="116"><strong>15%</strong></td>
<td width="137"><strong>15%</strong></td>
<td width="121"><strong>30%</strong></td>
</tr>
<tr>
<td width="130">In the 6<sup>th</sup> year and subsequent years</td>
<td width="116"><strong>5%</strong></td>
<td width="137"><strong>0%</strong></td>
<td width="121"><strong>5%</strong></td>
</tr>
</tbody>
</table>
<br />
That said, the law provides for 100% exemption from having to pay
RPGT in the case of a transfer of property between family members by way
of love and affection in the following instances:<br />
(a) transfers between husband and wife;<br />
(b) transfers between parent and child; and<br />
(c) transfers between grandparent and grandchild.<br />
<br />
In these instances, the transferor is deemed to have received no gain
and suffered no loss and the transferee is deemed to have acquired the
property at an acquisition price equal to the acquisition price paid by
the transferor together with any permitted expenses incurred by the
transferor. This is provided for under Paragraph 12 of Section 7 to
Schedule 2 of the Real Property Gains Tax Act.<br />
In practice, this exemption is beneficial to the transferor but may
not necessarily be the case for the transferee (in his capacity as a
transferor when he subsequently disposes the property) if the transferee
disposes of the property within 5 years from the date he acquires the
property. For example, Father (“<strong>F</strong>”) bought a piece of
property from A in 2010 at the price of RM500,000. F subsequently
transferred the property to his son, C, by way of love and affection in
2011 (which at that time, the market value was RM1,000,000). C
subsequently disposed the property in 2014 at the price of RM800,000. C
is required liable for RPGT payments of RM300,000.<br />
Note also that there is RPGT exemptions on gains from the disposal of
one residential property once in a lifetime to individuals.<br />
<br />
I must add another thing - if the property is unencumbered - you do
not need to execute an SPA since the consideration is love and affection
(gift).<br />
<br />
With regard to legal fees, you will be charged according to the market value of the property. <br />
<br />
<br />raytechhttp://www.blogger.com/profile/11068792331173362057noreply@blogger.com0tag:blogger.com,1999:blog-4772192816911294946.post-41904568872412464462016-05-07T08:17:00.002-07:002016-05-07T08:34:07.367-07:00Recession in Malaysia in 2018, predicts expert<div class="content " id="post-content">
Malaysia is likely to be hit by a recession in 2018, with most
of the sectors expected to slow down, political and economic affairs
analyst Prof Hoo Ke Ping predicts.<br />
However, he said, the palm oil industry would do well due to the La
Nina effect which will see more rain than expected, pushing production
and prices for the edible oil upwards.<br />
“Malaysians will feel the pinch of recession from next year onwards
due to various factors, including a decline in consumer confidence and
the retrenchment of workers from such sectors as oil and gas, banking,
retail, and electronics,” he told FMT.<br />
<img alt="" src="http://www.freemalaysiatoday.com/wp-content/uploads/2016/05/ho-ke-ping.jpg" height="227" width="400" /><br />
“Prices of medium and high-end homes will drop, with property
speculators starting to tighten their belts as bank loans become harder
to get.”<br />
Hoo pointed out that Malaysians have experienced a recession in almost every decade since the 1960s.<br />
He said in the early 60’s the recession was caused by global rubber
prices, and another recession in 1967 was due to the ringgit crash. In
1970, it was caused by global rubber prices while in the 80s, the
recession was due to outflow of funds and a property crash.<br />
In the1990s, Malaysians experienced recession again but this time it
was due to a currency crash which saw economic growth of -7 per cent, he
said.<br />
“In 2008, we experienced another recession but we managed to pull
through very quickly. The 2018 recession is expected to hit almost all
sectors,” he added.<br />
Hoo also said for those looking to buy a home, the next two-and-half
years might be the best time to own a medium to high end property,<br />
This is because the property market had started to show signs of
slowing down six months ago after market speculators failed to get bank
loans or buyers or tenants for their properties.<br />
He said some of the houses were going for almost RM100,000 cheaper.
For instance, he said, a condominium unit that was going for RM500,000
in 2012 was now being sold for RM420,000.<br />
He said property prices had shot up after Bank Negara’s delay in
curbing greedy market speculators from buying and selling properties
under the Developer Interest Bearing Scheme which exercises the “willing
buyer willing seller” concept.<br />
Bank Negara finally imposed stricter regulations on market
speculators in 2012. However, he said the delay had caused a property
bubble with property prices artificially increased.<br />
Hoo said the “fake demand” had caused more houses to be built. He
predicted that about 6,000 houses in the Klang Valley, 3,000 in Johor
Bahru and 1,000 in Penang would lie vacant.<br />
To overcome the “fake demand”, he said, Bank Negara should tighten
bank loans for developers, forcing them to sell completed properties at a
cheaper price. “Most of them built the properties in 2013, when the
prices were still inflated. Even if they sell the remainder of their
unsold units at a cheaper price, they will still make money.”<br />
<br />
<h6 style="text-align: right;">
<i>article shared from: http://www.freemalaysiatoday.com/category/nation/2016/05/06/recession-in-malaysia-in-2018-predicts-expert/</i></h6>
</div>
raytechhttp://www.blogger.com/profile/11068792331173362057noreply@blogger.com0tag:blogger.com,1999:blog-4772192816911294946.post-6394880260930408892015-11-10T08:03:00.001-08:002015-11-10T08:03:39.604-08:00<img alt="Image result for 10 golden rules" class="rg_i" data-src="https://encrypted-tbn3.gstatic.com/images?q=tbn:ANd9GcQ6tAQp9cFe7Se0lBYzOpDM-ZXlvi5LD4618xoH4nCpuuZXNXbH" data-sz="f" name="x5UTQPUZ857TUM:" src="https://encrypted-tbn3.gstatic.com/images?q=tbn:ANd9GcQ6tAQp9cFe7Se0lBYzOpDM-ZXlvi5LD4618xoH4nCpuuZXNXbH" style="height: 218px; margin-left: 0px; margin-right: 0px; margin-top: 0px; width: 200px;" /><br />
<br />
The Golden Rules of Investing are essentially a common sensical
approach which largely comes down to the emotional aspects such as
Discipline, Patience, Greed & Fear. <br />
Remember these 10 golden rules of Investing.<br />
<br />
1. Risk is inevitable – What is Risk? Understanding Risk is the first part and then learning to Manage it. <span class="text_exposed_show"><br /> 2. Start early – Benefit from compounding. Einstein has acknowledged Compounding as the 8th wonder of the world.<br />
3. Have realistic expectations – Greed is bad. How much is too much?
You never know what is enough, until you know what is more than enough.<br /> 4. Invest regularly – Not even God can time the markets. Timing/Forecasting the markets is an illusion.<br /> 5. Stay Invested – Be a marathon runner. Markets tests patience and rewards conviction.<br />
6. Don’t churn your investments – It only increases costs. If you like
gambling, go to a casino. For serious investing, stay put.<br /> 7. Spread your corpus – Each investment class is important. Don’t put all your eggs in one basket. <br />
8. Sell your losers – Hope doesn’t make money, Wisdom does. We are
biased against actions that lead to regret. People attach too much
weight to gains and losses rather than wealth. <br /> 9. Hot tips usually
burn your investments – Avoid them. Remember the reverse of TIP is PIT.
So a tip usually dumps you in a PIT almost always. <br /> 10. Taxes are
important – But not at the cost of a bad investment. Only Death and
Taxes are certain, true ~ But don’t make bad investments just to save
tax. Don’t be Penny Wise Pound Foolish.</span><br />
<div class="text_exposed_show">
Article from: EnrichWise</div>
raytechhttp://www.blogger.com/profile/11068792331173362057noreply@blogger.com0tag:blogger.com,1999:blog-4772192816911294946.post-34032007857251039612015-10-31T07:50:00.000-07:002015-10-31T07:58:45.684-07:00Loan Street:Upping your game: Residential to commercial properties<div class="ls-preface">
In the vast field of investment options,
property investment is traditionally perceived as safe and long-term.
However, within this sphere itself, there exist two different worlds:
residential and commercial property. While housing is a generally safe
investment, wading into the commercial property market is a whole
different ball game.One major reason why shifting from residential to
commercial property is considered upping your game is that while
investors are only allowed 70% financing for their 3rd home loan
onwards, there are no such regulations for commercial properties; there
are no policies to force lower financing margins whether it’s your
1st or 10th purchase. So, if you’ve gotten your feet wet with
residential property investment, and are looking for your 3rd piece,
shifting to the commercial property sector means that you wouldn’t have
to deal with higher down payments. Let’s explore the other key
differences from an investor’s point of view.
<b>Risk & Return<br />
</b>In the residential world, demand and supply are the hero
factors, whereas in commercial property, risk fluctuates in tandem with
the Malaysian economy – worse conditions mean less purchasing power,
leading to lower demand for retail spaces and ultimately lower property
value and rental rates. However, the adage higher risks higher returns
rings true here, as the lucrative prospects generally offset the
gambles.<br />
<b>Less stress on tenant management<br />
</b>In this area, commercial property investment comes out champion
by a long shot. For residential property, furnishings and renovations
are pretty much a necessity to rent out your unit in competitive areas.
On the other hand, commercial property tenants prefer their units bare,
as they usually want to design and renovate them to their liking.<br />
Subsequently, tenant management is much easier, comparatively.
Residential property owners often face problems of frequent complaints
and runaway tenants leaving outstanding rent and utilities. Commercial
property tenants, conversely, generally pose much less problems and are
more likely to adhere to the terms of tenancy agreements.<br />
<div class="ad_news_fullbanner" id="div-gpt-ad-1372835318587-1">
<center>
<table cellpadding="2" cellspacing="0" id="newsbanner">
<tbody>
<tr><td></td></tr>
</tbody></table>
</center>
</div>
Additionally, if your commercial unit is in a competitive area,
tenants would be lining up should your existing one choose to terminate
or not renew his tenancy, sparing you the hassle of finding new tenants.
Finally, as tenancy periods for commercial units are longer compared to
residential ones, you save on agent commissions.<br />
<b>A lucrative market<br />
</b>Yes, in general, property prices have been surging recently,
but in the commercial property sector, especially for prime areas,
property value appreciation in general is much higher and faster. The
reason for this is that for commercial property, rental rates have a
direct and more relevant impact on property value, as opposed to the
residential sector, where demand and supply play a bigger part.<br />
Additionally, rental rates for prime commercial units shoot up
substantially higher and faster than for residential units. It isn’t
uncommon today for commercial units’ rental rates in busy areas to
revolve around the tens of thousands, many times more than a residential
piece of the same square footage in the same area. So, the benefit here
is two-fold: higher property value <i>and </i>higher rental rates.<br />
<b>Financing your purchase<br />
</b>If you have ever taken a home loan, you would know that banks
in general aren’t particular about the type of property they’re
financing, be it apartments or houses. But when it comes to commercial
property loans, banks become hyper-selective about the type of
property and may give you a lower margin of finance and/or shorter loan
tenure based on the property type. If you do get offered a bum deal on a
commercial property loan, shop around – different banks tend to like
different types of commercial properties, so you might get a better deal
at a different bank.<br />
<b>Conclusion<br />
</b>To sum it up, although you stand to gain more in the commercial
property market as opposed to residential units, there are many caveats
you should look out for, as factors like location, property type and
economic conditions have much bigger impact on your investment.<br />
<a href="http://vault.starproperty.my.s3.amazonaws.com/wp-content/uploads/2015/08/comparing_investments_into_residential_vs_commercial_properties.png"><img alt="Comparing_Investments_into_Residential_VS_Commercial_Properties" class="wp-image-72883 aligncenter" src="http://vault.starproperty.my.s3.amazonaws.com/wp-content/uploads/2015/08/comparing_investments_into_residential_vs_commercial_properties.png" height="150" width="400" /></a>
</div>
raytechhttp://www.blogger.com/profile/11068792331173362057noreply@blogger.com0tag:blogger.com,1999:blog-4772192816911294946.post-16125121159701141682015-10-28T09:25:00.000-07:002015-10-28T09:25:06.504-07:00Hidden gems in Bursa Malaysia<div class="story">
<div style="font-size: 16px;">
<br /></div>
<div style="font-size: 16px;">
<img alt="Image result for undervalued stocks" class="rg_i" data-src="https://encrypted-tbn3.gstatic.com/images?q=tbn:ANd9GcS58e2Pabdc1CLcS4oVK6VvTe4qw2zFYLt4bi9tpSE2qJf_ehazcQ" data-sz="f" name="vLfX-C86s-D2lM:" src="https://encrypted-tbn3.gstatic.com/images?q=tbn:ANd9GcS58e2Pabdc1CLcS4oVK6VvTe4qw2zFYLt4bi9tpSE2qJf_ehazcQ" style="height: 183px; margin-left: 0px; margin-right: 0px; margin-top: -12px; width: 275px;" /></div>
<div style="font-size: 16px;">
FOLLOWING the recent run-up on the KL stock market, would there be still many undervalued stocks with potential?</div>
<div style="font-size: 16px;">
“Yes, there are some like Tenaga Nasional,
banks which are still undervalued although prospects are weakening, and
plantations as <em>El Nino</em> is supposed to hit hard,” said Chris Eng, head of research, Etiqa Insurance and Takaful.</div>
<div style="font-size: 16px;">
“There are not many screaming buys left
after the recent run-up but Maybank, IJM and Genting Bhd as well as some
small caps like Yee Lee and Sunway REIT are good ones,” said Vincent
Khoo, head of research, UOB Kayhian.</div>
<div style="font-size: 16px;">
A stock with domestic exposure, low cost of production and high return on equity is Teo Seng, said a senior analyst.</div>
<div style="font-size: 16px;">
Due to some very bearish views on property, certain property stocks have been bashed down. </div>
<div style="font-size: 16px;">
“UEM Sunrise was at a 70% discount to its
revalued net asset value which is very steep. It should be at a
reasonable 50% which means it has an upside of 50%,” said Danny Wong,
CEO, Areca Capital, who also sees value in LBS Bina.</div>
<div style="font-size: 16px;">
There are concerns that property prices still on the high side.</div>
<div style="font-size: 16px;">
“I am worried about property, looking at the
unsold properties and non-performing loans creeping up in commercial
real estate, although in small amounts, over the past one-and-half
years,” said Pong Teng Siew, head of research, Inter-Pacific Securities.</div>
<div style="font-size: 16px;">
Wong agrees there may be an oversupply issue in some high-end condominiums but he does not think there is a property bubble.</div>
<div style="font-size: 16px;">
Plantation stocks have been coming to the fore in the recent run-up.</div>
<div style="font-size: 16px;">
Khoo sees a moderate upside for plantation stocks on the advent of<em> El Nino </em>which brings about substantial dry weather, but he is not bullish on hard commodities.</div>
<div style="font-size: 16px;">
“Generally, I think some Bursa stocks are
undervalued due to poor sentiment and this includes plantation stocks.
If sentiment returns to normal, I believe these stocks will rebound. But
there are other sectors that have better value,” said Wong.</div>
<div style="font-size: 16px;">
“One can take a quick ride on the technical
rebound of commodities that includes metals like aluminium. These are
evident in the rise of Felda Global Ventures and Press Metal,” said the
senior analyst.</div>
<div style="font-size: 16px;">
This commodities rebound may last for a
month; there will probably be a short spike up for the stockmarket,
supported by government funds and to some extent, more stability in the
China markets, said the senior analyst.</div>
<div style="font-size: 16px;">
A note of caution: when the price of crude
palm oil reached RM4,000 per tonne in 2008, many companies had planted a
lot of palm oil which takes seven to eight years to reach peak
production.</div>
<div style="font-size: 16px;">
“That is hitting us now,” said Pong Teng Siew, head of research, Inter-Pacific Securities.</div>
<div style="font-size: 16px;">
The US Fed’s holding off on interest rate
hike is viewed as potentially offering some reprieve for the ringgit but
the upside for the KL stock market may be modest, as emerging markets
are still struggling, said Khoo.</div>
<div style="font-size: 16px;">
“Temporarily, it will allow the rally on the
KL stockmarket to continue,” said Pong, who views that the US Fed may
be too late to raise rates in this cycle as a recession will possibly
arrive before they will seriously consider raising rates.</div>
<div style="font-size: 16px;">
Moreover, US economic data is seriously weakening, adds Pong.</div>
<div style="font-size: 16px;">
Khoo thinks the Fed will hike rates this
year but it should be obvious to the market that the depth of the hike
in this cycle will not be big.</div>
<div style="font-size: 16px;">
“I do see a chance for the Fed to at least
narrow the Fed rate band (for example, fix it at 0.25% instead of a
range) by year end. I hope it will be normalised to 2% in a steady
manner by 2016. The longer it delays, the worse it will be for markets
and currencies,” said Wong.</div>
<div style="font-size: 16px;">
(As of Dec 16, 2008, the Fed funds target
rate was changed in the form of a 75 to 100 basis point cut from 1.0% to
a range of zero to 0.25%).</div>
<div style="font-size: 16px;">
Independent economist Lee Heng Guie sees an
even chance of the Fed lift-off happening this year as the committee
sees the risks to the US economic outlook and labour market as nearly
balanced.</div>
<div style="font-size: 16px;">
“In fact, the Fed has upped its economic outlook projection and expects the unemployment rate to tick lower,’’ said Lee. </div>
<div style="font-size: 16px;">
“If external global conditions had not deteriorated further, US fundamentals would have been ready for a small hike this year.”</div>
<div style="font-size: 16px;">
Peck Boon Soon, head of Asean research, RHB
Institute, views the ringgit could appreciate marginally in the near
term; however, concerns over the budget deficit and narrowing current
account surplus due to depressed crude oil, liquefied natural gas and
other commodity prices as well as political issues could dampen the
outlook for the ringgit.</div>
<div style="font-size: 16px;">
Columnist Yap Leng Kuen sees more causes of concern arising from the Fed’s decision to stay put on rates.</div>
</div>
raytechhttp://www.blogger.com/profile/11068792331173362057noreply@blogger.com0tag:blogger.com,1999:blog-4772192816911294946.post-90505642536073781392015-09-09T08:43:00.001-07:002015-09-09T08:43:34.257-07:00DOCUMENTARY: Edward Snowden - Terminal F (2015)<br /><br />
Real story... real life..very interesting <br /><br />
<br /><br />
<iframe allowfullscreen="" frameborder="0" height="270" src="https://www.youtube.com/embed/Nd6qN167wKo" width="480"></iframe>raytechhttp://www.blogger.com/profile/11068792331173362057noreply@blogger.com0tag:blogger.com,1999:blog-4772192816911294946.post-4014856750872212922015-08-10T22:10:00.000-07:002015-08-10T22:10:18.700-07:001990s Come Back to Haunt Malaysia
<br />
<div class="metadata">
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<time class="timestamp" datetime="2015-08-10T22:00:03.637Z" itemprop="datePublished">Aug 10, 2015 6:00 PM EDT</time>
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By
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<a href="http://www.bloombergview.com/contributors/william-pesek" rel="author">
William Pesek
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Malaysia's ongoing currency crash has many causes: a worsening
global outlook, plunging commodity prices and, of course, the political
scandal enveloping Prime Minister <a data-web-url="http://www.forbes.com/sites/greglopez/2015/08/08/malaysias-prime-minister-a-dead-man-walking/" href="http://www.forbes.com/sites/greglopez/2015/08/08/malaysias-prime-minister-a-dead-man-walking/">Najib Razak</a>. But the real culprit is the year 1997.<br />
The
conventional wisdom is that Malaysia's then-leader Mahathir Mohamad
saved the country from the worst ravages of the Asian financial crisis
when he imposed capital controls, pegged the ringgit and waged verbal
war against speculators. It's true that Malaysia avoided much of the
chaos that toppled economies in Indonesia, South Korea and Thailand. But
events today show why, 18 years later, <a data-web-url="http://business.asiaone.com/news/malaysian-ringgit-the-difference-between-now-and-1998" href="http://business.asiaone.com/news/malaysian-ringgit-the-difference-between-now-and-1998">Malaysia</a> may wind up the biggest loser in the region.<br />
Malaysia's
neighbors recovered by improving transparency, strengthening their
financial systems, and limiting collusion between public and private
sectors. Such urgency never swept Malaysia, where the ruling coalition
has held power for almost six decades.<br />
Improvements in Malaysian corporate governance have been slow and uneven. Hopes for an end to 46 years of <a data-web-url="http://www.economist.com/news/briefing/21576654-elections-may-could-mark-turning-point-never-ending-policy" href="http://www.economist.com/news/briefing/21576654-elections-may-could-mark-turning-point-never-ending-policy">affirmative action</a> --
which benefits the Malay majority while sapping productivity and
repelling foreign investors -- have been for naught. Efforts to weed out
corruption and ween the economy off energy exports have been tepid.<br />
Today's
economic troubles are the product of that complacency. Had the
Malaysian government worked harder to strengthen economic fundamentals
and win the trust of global investors, Najib's scandal might not be
sending the ringgit to its lowest level in 17 years. Had officials in
Putrajaya, the country's administrative capital, done more to
internationalize Malaysia's business culture, foreign investors wouldn't
now be rushing for the door. The FTSE Bursa Malaysia KLCI Index has
fallen more than 11 percent from its April 21 peak, while official
foreign-exchange reserves <a href="http://www.bloomberg.com/news/articles/2015-08-07/malaysia-reserves-slide-below-100-billion-amid-ringgit-s-plunge">dropped below</a> $100 billion for the first time since 2010.<br />
As
has been well reported, Najib faces questions about $700 million that
allegedly moved through government agencies and state-linked companies
to accounts bearing his name. (Najib denies it, while Malaysia's
anti-graft commission says it was a "donation.") But foreign investors'
mistrust of the Malaysian government traces back to policies pursued
over the past 18 years.<br />
Perhaps the most notorious was Mahathir's September 1998 decision to sack Deputy Prime Minister and Finance Minister <a data-web-url="https://www.wsws.org/en/articles/1998/10/mal-o03.html" href="https://www.wsws.org/en/articles/1998/10/mal-o03.html">Anwar Ibrahim</a>.
After months of sparring with Anwar over post-crisis reforms, Mahathir
fired him and named himself finance minister, an awkward centralization
of power that persists today and enabled Najib to create and oversee
scandal-plagued state investment company 1Malaysia Development Bhd. And
when Najib recently fired Deputy Prime Minister <a data-web-url="http://www.wsj.com/articles/malaysias-najib-razak-shakes-up-cabinet-amid-1mdb-investigation-1438065854" href="http://www.wsj.com/articles/malaysias-najib-razak-shakes-up-cabinet-amid-1mdb-investigation-1438065854">Muhyiddin Yassin</a>,
who was demanding answers from the prime minister, it seemed like
history repeating itself. Just as in 1997 and 1998, the government is
more concerned with closing ranks than retooling the economy.<br />
Indonesia,
Korea and Thailand are also having their share of troubles as China
wobbles and the Federal Reserve prepares to hike interest rates. But
Malaysia's accelerating capital flight is particularly worrisome.<br />
Malaysia's <a data-web-url="http://www.bnm.gov.my/" href="http://www.bnm.gov.my/">central bank</a> appears
to be struggling to slow the ringgit's 18 percent plunge over the past
12 months. The currency is now the lowest since Anwar's departure in
September 1998. That makes for an inauspicious economic bookend:
Mahathir is now among those suggesting Malaysia peg the ringgit anew.<br />
There's
certainly less stigma attached to such policies than there once was. In
1998, the International Monetary Fund called Malaysia's peg a
"retrograde step." By December 2002, the IMF was terming it a "<a data-web-url="https://www.imf.org/external/np/sec/pn/2002/pn02135.htm" href="https://www.imf.org/external/np/sec/pn/2002/pn02135.htm">stability anchor</a>." And the IMF notably didn't slap Greece for imposing capital controls, the way it did Mahathir in the late 1990s.<br />
But
the mere mention of another peg suggests Malaysia's political
establishment is still more concerned with the symptoms of the country's
problems than the underlying causes. The ringgit isn't sliding because
speculators like <a data-web-url="http://www.nytimes.com/1997/09/22/news/22iht-soros.t.html" href="http://www.nytimes.com/1997/09/22/news/22iht-soros.t.html">George Soros</a> (who
Mahathir blamed in 1997) are attacking it. Malaysian assets are
suffering because the government failed to do basic economic maintenance
-- in part because it avoided the worst of 1997 and 1998, in ways
Bangkok, Jakarta and Seoul couldn't.<br />
As that dawns on investors,
the pressure to sell will intensify. Overseas ownership of Malaysian
government and corporate debt fell 2.4 percent in July as a sense of
crisis began to permeate the air.<br />
Malaysia isn't about to collapse. With its moderate growth and the highly-respected <a data-web-url="http://www.themalaysianinsider.com/business/article/ringgit-rebounds-from-10-year-low-after-zeti-reassures" href="http://www.themalaysianinsider.com/business/article/ringgit-rebounds-from-10-year-low-after-zeti-reassures">Zeti Akhtar Aziz</a> helming
the central bank, meltdown risks are limited. But Malaysian officials
are wrong to argue that the ringgit's slide doesn’t reflect underlying
fundamentals. It does indeed, and that's the real problem -- one that
can be traced back to 1997.raytechhttp://www.blogger.com/profile/11068792331173362057noreply@blogger.com0tag:blogger.com,1999:blog-4772192816911294946.post-6416547182522925842015-04-26T00:45:00.001-07:002015-04-26T00:45:01.385-07:00Bicara Negarawan Part 3<iframe allowfullscreen="" frameborder="0" height="270" src="https://www.youtube.com/embed/zHHYWYm8EUE" width="480"></iframe>raytechhttp://www.blogger.com/profile/11068792331173362057noreply@blogger.com0tag:blogger.com,1999:blog-4772192816911294946.post-43196429397014854242015-04-26T00:44:00.003-07:002015-04-26T00:44:41.737-07:00Tun Mahathir Bicara Negarawan Part 2<iframe allowfullscreen="" frameborder="0" height="270" src="https://www.youtube.com/embed/uRKC0mK8qlg" width="480"></iframe>raytechhttp://www.blogger.com/profile/11068792331173362057noreply@blogger.com0