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 STOCK MARKET DISCUSSION V150

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LoTek
post Feb 26 2021, 09:50 PM

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https://m.malaysiakini.com/news/564524

Will bursa take this as bad news or good news? To reflect the bursa reactions: Fly (bad news) or cry (good news) tomorrow?
LoTek
post Feb 26 2021, 09:58 PM

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QUOTE(Randomization @ Feb 26 2021, 09:54 PM)
Ambank holders will cry for sure.  sweat.gif
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HereToLearn
LoTek
post Feb 27 2021, 05:18 AM

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QUOTE(Kar Weng @ Feb 27 2021, 01:01 AM)
Personally dont like PRS cause so late only can take back the cash 🥲
Stashaway seems more liquid than PRS since we can withdraw any time.

Maybe it’s more helpful for people who needs discipline saving?
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PRS, like EPF, for now is tax deductable. If you're at the high tax brackets the tax savings alone is <20% before taking the fund performance into account. That's certainly worth being "not liquid". Also it is possible to withdraw PRS account B like EPF, or to withdraw for no reason which is subject to 8% penalty.
LoTek
post Feb 27 2021, 08:45 AM

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QUOTE(Kar Weng @ Feb 27 2021, 05:41 AM)
Thanks for the reminder! That’s a good point.

I personally contribute to EPF and SOCSO for tax reduction. Both EPF and PRS occupy the same section in tax reduction correct? So if we already maxed out EPF is there still a point for PRS?
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QUOTE(BoonieTan @ Feb 27 2021, 07:26 AM)
They're separate matters. You have RM 3k allowable investment deduction for PRS annually.
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Believe prs and epf was seperated in 2020 onwards.
LoTek
post Feb 27 2021, 04:00 PM

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QUOTE(pinksapphire @ Feb 27 2021, 03:24 PM)
Ohhh...thanks! And you guys reply so quick here, lol

Random question for everyone...does the high frequency of staying home changes anything to your lifestyle now? Do you enjoy being at home more now, cuz less hectic, more time for self, or still can't wait till the days you can go everywhere?
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QUOTE(Randomization @ Feb 27 2021, 03:48 PM)
Personally, I'm an introvert so it is fine for me. No need to think of excuses to skip gathering that I do not want to join.
The only thing I miss is travelling.

If you ask me, the most affected one are those younger gen that hangs out a lot. I can see that they having hard time staying in.
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I'm also an introvert, even though I'm sure you all will refer to me as a youngster (20s). Staying at home when not working is 2nd nature to me. However my business has been badly affected by covid, until now, my property portfolio is aimed at expats and university students (which both have left) and to make matters worse, my parents have lost their part time jobs, so I've basically been living off savings and investing (and the scraps of my business) for the last year.
Oh and my fiance is a foreigner, we were thinking of making it official last year, now I haven't seen her for a year.

Sorry for being off topic.
LoTek
post Mar 1 2021, 11:13 AM

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QUOTE(Angelpoli @ Mar 1 2021, 10:50 AM)
Newbie here. Normally the suspension will helps the share price or instead make it worst?
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Friend, to all your questions so far: first there is nothing "normally" about this situation, it's not everyday a bank gets fined 30% of their mkt cap, not too much precedent to draw on, maybe one can google hsbc fines for reference. Second, do you think management will request for suspension of their own shares if they think it will go up?

Get your seatbelt ready of course.

This post has been edited by LoTek: Mar 1 2021, 11:15 AM
LoTek
post Mar 3 2021, 09:26 AM

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QUOTE(ben3003 @ Mar 3 2021, 09:14 AM)
hmm, ada up now 2.8 but i did not average down..  thinking should i minimize loss now. didnt know this ambank just yield to government lol.
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I had a wild idea that this a play to force a merger at an attractive price.
LoTek
post Mar 4 2021, 06:09 PM

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QUOTE(Randomization @ Mar 4 2021, 05:48 PM)
Every year also shout about that. What is new?  wink.gif

I think Genting also immune already.
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Shout one time = one angpau. Maybe.
LoTek
post Mar 8 2021, 12:13 AM

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QUOTE(icemanfx @ Mar 7 2021, 11:29 PM)
U.S 1.9t stimulus will likely push stock market higher for quite sometime. meme stocks and spac may take centerstage.
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lauwenhan
Did she just make a bullish statement?
LoTek
post Mar 9 2021, 10:54 AM

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QUOTE(greyPJ @ Mar 9 2021, 10:52 AM)
more like blind looking, genting and AA can bankrupt if international border remain close for another 2 years.

not factor in covid Brazil variant.
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Aa doesn't need two years to collapse😂but I'm in agreement with you for sure.

This post has been edited by LoTek: Mar 9 2021, 10:55 AM
LoTek
post Mar 9 2021, 01:28 PM

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Aax is like a scam (for shareholders), they dump all the non profitable routes there. I might be wrong but I noticed before covid, many china flights, and hk of course, are still under AA and they are expensive PROFITABLE flights, mostly from lack of competition.
LoTek
post May 6 2021, 11:11 AM

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QUOTE(ben3003 @ May 6 2021, 10:40 AM)
wow bursa just went down into the drain..
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time to deploy
LoTek
post May 17 2021, 02:59 PM

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2020 was unprecedented. 2021 just feels like recalibration after a dizzying climb.
LoTek
post May 25 2021, 07:07 PM

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QUOTE(MasterConfucion @ May 25 2021, 06:58 PM)
Gkent going into glove venture. Next hot stock to watch out.

Pro tips from me to put money in your pocket
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Glove news trend south rather than north but whatever floats your boat dude.
LoTek
post Jun 12 2021, 07:02 PM

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QUOTE(Coup De Grace @ Jun 12 2021, 06:54 PM)
Meaning buy on monday and sell on tuesday?
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If you thought of it, everyone also might have thought of it.
LoTek
post Jun 24 2021, 04:37 PM

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QUOTE(squarepilot @ Jun 24 2021, 03:49 PM)
this is the worrying part now. how severe it is now? very sweat.gif
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very severe for some. in my industry, almost everyone i know has downgraded their lifestyle drastically (or pivoted to random side gigs like selling fruits, insurance, health products), sold house, sold car, some even selling excess or older business equipment.
LoTek
post Jun 24 2021, 09:42 PM

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QUOTE(gordonchin @ Jun 24 2021, 06:06 PM)
Which industry are you in if you don't mind?
Across the line I think everyone suffers.
Last year it was because of a euphoric share market that cushioned the blow. This time round it's very depressing.
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Performing Arts/Culture/Entertainment/Events
LoTek
post Jun 24 2021, 09:43 PM

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QUOTE(HereToLearn @ Jun 24 2021, 07:12 PM)
OnG still looks fine to me. Even got one off WFH allowance, and monthly internet allowance to WFH

Edit: E-commerce businesses also thriving?
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E commerce windfall haha. My friend's salary doubled.
LoTek
post Jun 25 2021, 06:31 PM

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QUOTE(lowya @ Jun 25 2021, 06:20 PM)
#SurvivalBias
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#Godblessyou
LoTek
post Jun 25 2021, 07:01 PM

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QUOTE(lowya @ Jun 25 2021, 06:37 PM)
i know someone will reply nonsense, i asked for ARR (a statistical data), and was met with a personal experience and religious blessing as the argument.

So truly nobody has ARR for the hospitalization claim indeed, i mean what else can u fall back on besides big data?

PS: Sorry OT, no further reply required.
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