QUOTE(Rolexseller123 @ Jul 25 2022, 07:35 AM)
Yes, share price is not a reflection of a company's performance. For example Tesla with its high share price and market cap is nowhere near the financial performance of Toyota. Go look at the revenue profits of both companies and you will see. Share price is what investor are willing to pay that's about it.
And i am not sure why you keep harping on telecom industry or the share price of Singtel. Again its not a reflection of the performance of the company merely what investors are willing to pay for it similar to the Tesla vs Toyota example above
Obviously, you are not trained in business fields and hence you categorized SingTel and Tesla in the same nature. Share price is a reflection of the company's value.
As far as I look into it, based on BCG matrix, SingTel is the Cash Cow. Already invested heavily in the infrastructure, which had entry barriers that not many corporates were able to get in. Tesla is the Star, and this represents a lot of growth in a company.
You are talking about MNC set up HQ at Singapore, so we have to talk about SingTel, the biggest telco operator in the island that provided Singapore with the competitive advantages. Remember your statement “Share price is what investor are willing to pay that's about it” – if Singapore is the place where all major MNC set up their HQ, the telco services provided by SingTel should lead to more tremendous profits and provide values that investors can’t turn away.
SingTel was listed back in 1993, Singapore gov sold S$2.00 a share to its citizen. For those who bought at open category, we paid S$4.10. But, the current share price for SingTel is S$2.65. You can’t answer that, right?
On the other hand, Tesla is a Star. Just like NIO and XPEV – their share prices all are “hope”. Investors are hoping the transformation of the automobile industry will lead to the quantum leap. Therefore, as what you said, “share price is what investor are willing to pay that's about it”. So, in short, I was willing to pay US$6 and US$18 respectively for NIO and XPEV back in 2018 even their financial performances are worse than SingTel – that is the “hope”.
QUOTE(Rolexseller123 @ Jul 25 2022, 07:35 AM)
Did the Singapore government say they are REJECTING TALENTS? where and in which article they are saying they are rejecting talents? Please show? Last i checked they are still welcoming talent albeit the right talent and never did they say they are rejecting talents.
Action is louder than talk – please read the Bloomberg article I shared at
https://www.bloomberg.com/news/articles/202...pe-to-singaporeExpat bankers did not get their Employment Pass and read again the key sentences “emerging markets investor Mobius has left Singapore for Dubai”. Perhaps you should ask why those experienced bankers’ EP application were rejected.
QUOTE(Rolexseller123 @ Jul 25 2022, 07:35 AM)
Value of ringgit determines your import price as both malaysia and singapore import most of their consumables from rice to even petrol. And since imports are mostly in USD, a low value of ringgit means more expensive imports.
Firstly, read more and understand more about the trade, economy and finance, Malaysia has enjoyed trade surplus
https://www.theedgemarkets.com/article/mala...aging-near-termSecondly, the civil services in Malaysia are not as stupid as you want them to be. China has been Malaysia’s biggest trade partner for 13 years and Malaysia is one of the countries that provides trade settlement in RMB.
QUOTE(Rolexseller123 @ Jul 25 2022, 07:35 AM)
Are you sure you are doing business? Coz this seems basic but you don't seem to know. Besides i don't get what you are trying to argue here anymore? There are 1million malaysia working in Singapore currently and many more PRs. If Malaysia were better than singapore do you think 1million malaysian would leave their home to work in Singapore? I mean I don't see 1 million malaysian living and working in Australia, Indonesia or Thailand or UK.
The fact that Malaysians leaving for better life elsewhere has been a norm since 1970’s. In fact, back in 1980’s and 1990’s, there were plenty of Malaysians went to Japan, Taiwan, Australia, UK to work illegally. As a result, there were strict visa requirements to enter Japan. If you wish to join those 1 million in Singapore, no one will stop you.
Nevertheless, coming back to the point about the basic monthly salary of MYR 2300. There are 1.4m to 2m documented migrant workers in Malaysia. There are another unofficial estimates of 1.2m to 3.5m additional migrants.
https://www.iom.int/countries/malaysia#:~:t...0in%20SoutheastThe cost of hiring migrant workers – not cheap as you think. I know it because I am hiring 4 of them to build my house now. A skilled Indonesia construction worker commands a daily rate from MYR 150 – MYR 220 per day depending on their experiences. That is more expensive than hiring a new fresh graduate. In 2018, migrant workers remitted MYR 29. 2 billion back to their home country.
https://www.dosm.gov.my/v1/uploads/files/7_...Remittances.pdfFrom my end, I don’t wish to spend too much to argue – because your mindset has been set. I just want to conclude the following:
(1) If the fresh graduate could contribute more than RM 3500 profit every month, the employers are stupid to pay them merely RM 2300 per month.
(2) Don’t expect employer to run a welfare business by providing wages for the employees to enjoy the new lifestyle. Cost of living is high – true, that also impact business operations.
(3) Look for other vocational fields/skillset – not just office work with air-cond and internet access. A foreign construction worker can earn up to RM 4000 per month. Take tiling in construction industry as an example, the labour charges: (a) Indonesian worker - RM 3.50 per sqft. (b) Bangladeshi worker - RM 2.80 per sqft © Local Chinese - RM 7.00 per sqft.
This post has been edited by ongss: Jul 25 2022, 12:26 PM