Still in progress and announcing in Parliment, no all details yet.

Just know company employed retrenched employee can get double relief on the salary paid.

Malaysia not rich, but Malaysian are indeed very rich.

Domestic liquidity in the banking system should be able to fund that, remember deposit in local banking is still increasing even in this difficult economy situation.

Gov will issue 5 billion of 3 years bond carry 5%, people will rush and queue to buy those bond, which is opened to Malaysia above 21 years old, min 1K, max 50K.

FKLI turns green...

Fast gast go to old metal scrap, see got any scrapped car cheap cheap then can get 5K discount.

The most beneficiary under the stimulus package is plantation stocks, windfall tax of threshold CPO price being raised from Rm2000 to Rm2500

After read through,
I don't see massive contruction project being proposed in the stimulus package (yes, it does here and there, but not something massive as expected), more fund are being channelled to fund those measure reducing unemployment and subsidy on food etc.

Don't see why market must rally strongly just based on the stimulus package, after all this 60 billions is used and being spent across 2 years time frame.

Yes, KLCI will be rebound mainly due to plantation stocks are benefitting from windfall tax, others just something like a little good news, but not something big to send them sky-rocketing. I would say it is some good new, but not something great. Market still will move according to regional sentiment.

Just my opinon though.

Plantation yes,
others not so sure liao, just little direct effect only.
Those company dealing with training and re-training programme is the one benefitting a lot from it.

Promote investment might mean promote FDI which doesn't necessary into stock market or stock market related investment.
Also 1.6 billion if those channelled into stock market to but stock directly, a few days or weeks already finished liao. Remember last time 5 billion extra fund by valuecap?

Btw, DJ up more than 200 points. If continue to be like this we highly will have all green tomorrow (be in KLCI or regional bourses), which by then stimulus package timing is indeed very lucky good.

This post has been edited by cherroy: Mar 10 2009, 10:01 PM

Generally FF invest across the globe, diversification, they won't choose a particular country or only concentrate in one, just some may overweight and invest more, some underweight, little investment being made.

I can bet it will be fully or overly subscribed. Somemore interest is payable every 3 month.

The size of the bond is small only 5 billion. So those want to have it, better quick to react when it is launched time.

5% pa, interest payable 3 month.

Not 3% monthly or 3 month 5%. Only those scam job/investment can pay you that kind of rate.
In legitimate investment, none of investment (generally) will quote interest rate in monthly.
Once said 5%, automatically people will understand it is 5% p.a.

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Added on March 11, 2009, 1:55 pmWait until it is launched, not so soon, paper work need months to finalise. You will see in newspaper or banks got brochure for it generally.

This post has been edited by cherroy: Mar 11 2009, 01:55 PM

Aiseh, today rise (due to stimulus package + DJ up 370 points) is a bear trap.

I reckon yesterday DJ 5% rise is more due to scrambled short covering instead of investors are bullish about the market.

Look at IPI figure, down 20%! yoy
Manufacutring alone drops 27%! yoy

It is a horrible number and GDP contraction easily more than 5% with this kind of situation remain.
BNM highly will cut another 0.5% in the coming meeting.

Thanks for the information, somewhere quite interest in it. New toy investment product in the local market which at least give us more option.

Stop dreaming it, even it bankrupt, liquidator will chase after your debt as well. So die or not die won't make a difference on your debt.

Locally, KLSE is weak in sentiment, it somehow again detached from worldwide market. Remember, KLCI was down, when DJ rally 380 points?

DJ rally is more about technical rebound and short covering, as DJ dropped from 79xx to 6500 without any rebound ay all, it is now a 50% technical rebound. It is not yet a breakthrough of its previous down trend based on longer term chart.

You can PM admin seeking for help.

Yahoo can get simple chart from 2003 onwards.

http://finance.yahoo.com/echarts?s=1155.KL...155.KL;range=my

It normally doesn't come with free site or free service provider, normally is widely available in the paid service.

Having said so, some may still got, hope fellow forumers that spotted those freesite can share with us then.

Cheers.

Until now we don't see massive foreign exhange loss/gain from their account from local banks, I reckon it is minimal as they don't need to go overseas to get funding, as locally liquidity is ample with more than Rm250 billion in the banking system, which surge in line with build up of foreign currency reserves of BNM which around USD 86 billions which is significant better off than what happened during 1997.

I don't have the data, so I might be wrong but common sense with ample liquidity in local financial market, there is no reason why bank in Malaysia need to go to oversea to borrow lot of money. If they did, it is not a wise move at all.

Edit:
Banking is a bit different than normal business, whatever deposit they are taking in, it is their liability. So as long as they can get enough deposit from customer or local people they don't need to borrow. (in fact previously, banks have too much money until they are reluctantly to take in more, that's why some banks previously classifed out Tier 1 and Tier 2 customers which they give different interest rate back then, now not anymore) (
At the mean time, taking in deposit is a form of borrowing already in the first place).

This post has been edited by cherroy: Mar 13 2009, 09:58 PM

Actually we can check through their balance sheet to know as well.

I reckon those funding or bond issue is to finance the merger and acquisition previously (as CIMB took over Southern bank, and MBB acquired overseas bank).

It is plainly not wise to raise bond for operation funding (giving out loan), as locally there are plenty of deposit can be tapped off, which is cheaper.

This post has been edited by cherroy: Mar 14 2009, 11:07 AM

I don't like the Q pattern of resorts, it somehow bearish trend from the Q pattern.

With almost identical amount of Q quantity on buy and sell side, the number of order in buyer side is simply too many while seller order just a few ten only.