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 STOCK MARKET DISCUSSION V130, Bull rally after GE

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gark
post Apr 25 2013, 12:32 PM

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QUOTE(yhtan @ Apr 25 2013, 12:29 PM)
The last time i visit China, i got a shock that my client pay off its supplier by cash of few hundred thousand sweat.gif

I asked them why didn't use Cheque, he said to evade Government Service Tax/Value Added Tax laugh.gif
Even money remitted to China also kena tax sweat.gif
*
The only legal 'tax' they pay is with 'Fa piao'. A lot of transactions is done without 'Fa piao' hence escaping tax. Even dining in resto, we have to request 'Fa piao' when we pay otherwise the bill not claimable... sweat.gif . Interestingly the 'Fa piao' is like lottery.. can scratch to reveal prizes one. Maybe that is how the govt encourage people to demand 'Fa piao'.... I once kena 100 RMB. biggrin.gif

» Click to show Spoiler - click again to hide... «


I have seen supplier pay with whole gunny sack of reminbi... laugh.gif I once have to carry 6 figure USD to pay off supplier as they only wants cash... shakehead.gif

This post has been edited by gark: Apr 25 2013, 12:38 PM
ngaisteve1
post Apr 25 2013, 12:33 PM

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QUOTE(Icehart @ Apr 25 2013, 01:29 PM)
Morning all biggrin.gif
Got what tips today?
*
Ya got, tips is not to buy CSL as recommended by many members here biggrin.gif
Icehart
post Apr 25 2013, 12:40 PM

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QUOTE(ngaisteve1 @ Apr 25 2013, 12:33 PM)
Ya got, tips is not to buy CSL as recommended by many members here  biggrin.gif
*
Oh, that CD stock lately quite famous. hmm.gif
But no interest for penny stocks except Tambun and MYEG.
river.sand
post Apr 25 2013, 12:41 PM

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QUOTE(yhtan @ Apr 25 2013, 12:16 PM)
In China, the tax system is quite complicated

Beside income tax, there are tax paid to local government as well, so it is possible they lump it all together

Just my two sen icon_rolleyes.gif
*
In the US, people also pay income tax to federal & state governments.
This is actually a good thing. Just imagine Malaysia's state governments can roll out projects without asking Putrajaya for money (唔駛睇中央面色)...

Boon3
post Apr 25 2013, 12:47 PM

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QUOTE(Icehart @ Apr 25 2013, 12:29 PM)
Morning all biggrin.gif
Got what tips today?
Harlooow!

Me the one that asks for tips hor. tongue.gif

Glove stocks got look see look see mah?
Icehart
post Apr 25 2013, 12:53 PM

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QUOTE(Boon3 @ Apr 25 2013, 12:47 PM)
Harlooow!

Me the one that asks for tips hor. tongue.gif

Glove stocks got look see look see mah?
*
Looking at Ruberex. What glove stock you looking at? blush.gif
Boon3
post Apr 25 2013, 12:58 PM

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QUOTE(Icehart @ Apr 25 2013, 12:53 PM)
Looking at Ruberex. What glove stock you looking at?  blush.gif
I looked at the top one. tongue.gif



htt
post Apr 25 2013, 01:22 PM

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QUOTE(Icehart @ Apr 25 2013, 12:40 PM)
Oh, that CD stock lately quite famous.  hmm.gif
But no interest for penny stocks except Tambun and MYEG.
*
Just sold my MYEG not long ago, this one always hike during GE...
htt
post Apr 25 2013, 01:23 PM

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QUOTE(Icehart @ Apr 25 2013, 12:53 PM)
Looking at Ruberex. What glove stock you looking at?  blush.gif
*
They mostly make the glove for gardening leh... margin not so ok, demand also low...
SKY 1809
post Apr 25 2013, 01:29 PM

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QUOTE(Icehart @ Apr 25 2013, 12:40 PM)
Oh, that CD stock lately quite famous.  hmm.gif
But no interest for penny stocks except Tambun and MYEG.
*
MBL is also half penny stock now.

But got strong fundamentals. thumbup.gif

This post has been edited by SKY 1809: Apr 25 2013, 01:29 PM
Icehart
post Apr 25 2013, 01:53 PM

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QUOTE(SKY 1809 @ Apr 25 2013, 01:29 PM)
MBL is also half penny stock now.

But got strong fundamentals. thumbup.gif
*
Interesting prospects. Thanks for introducing another counter. biggrin.gif
simplesmile
post Apr 25 2013, 01:53 PM

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Opened a small position in MISC today @ 4.33
Keep 1 year.
TSyhtan
post Apr 25 2013, 02:14 PM

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QUOTE(gark @ Apr 25 2013, 12:32 PM)
The only legal 'tax' they pay is with 'Fa piao'. A lot of transactions is done without 'Fa piao' hence escaping tax. Even dining in resto, we have to request 'Fa piao' when we pay otherwise the bill not claimable... sweat.gif . Interestingly the 'Fa piao' is like lottery.. can scratch to reveal prizes one. Maybe that is how the govt encourage people to demand 'Fa piao'.... I once kena 100 RMB.  biggrin.gif

» Click to show Spoiler - click again to hide... «


I have seen supplier pay with whole gunny sack of reminbi... laugh.gif I once have to carry 6 figure USD to pay off supplier as they only wants cash... shakehead.gif
*
I have to admit this is a good system to avoid loophole in GST, but i still see a lot of flaw in China tax system laugh.gif

Do take note this cash business does not reflect in the GDP calculation, if i'm not mistaken

U working in China eh brows.gif

SKY 1809
post Apr 25 2013, 02:16 PM

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QUOTE(yhtan @ Apr 25 2013, 02:14 PM)
I have to admit this is a good system to avoid loophole in GST, but i still see a lot of flaw in China tax system laugh.gif

Do take note this cash business does not reflect in the GDP calculation, if i'm not mistaken

U working in China eh brows.gif
*
Kinda Worldwide from China to US, Japan and back to Indonesia. yawn.gif

International......

This post has been edited by SKY 1809: Apr 25 2013, 02:18 PM
SKY 1809
post Apr 25 2013, 02:33 PM

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BTW ot a bit,

any website to check election location, thanks.
ham_revilo
post Apr 25 2013, 02:35 PM

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QUOTE(SKY 1809 @ Apr 25 2013, 02:33 PM)
BTW ot a bit,

any website to check election location, thanks.
*
spr website smile.gif

http://www.spr.gov.my/
Pan84
post Apr 25 2013, 02:35 PM

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QUOTE(SKY 1809 @ Apr 25 2013, 02:33 PM)
BTW ot a bit,

any website to check election location, thanks.
*
http://www.pru13.gov.my/default.semakan.php
TSyhtan
post Apr 25 2013, 02:35 PM

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QUOTE(SKY 1809 @ Apr 25 2013, 02:16 PM)
Kinda Worldwide from China to US, Japan  and back to Indonesia. yawn.gif

International......
*
I wish to work in such Company tongue.gif

QUOTE(SKY 1809 @ Apr 25 2013, 02:33 PM)
BTW ot a bit,

any website to check election location, thanks.
*
http://daftarj.spr.gov.my/semakpru13.aspx
SKY 1809
post Apr 25 2013, 02:39 PM

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thank u all of u
SKY 1809
post Apr 25 2013, 03:00 PM

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MISC still sinking

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