Malaysia factory output shrinks for 18th month, BNM may cut rates, says HSBC Research...利息可能再下降。。。。。

KUALA LUMPUR: Malaysia's manufacturing Purchasing Managers' index (PMI) contracted for the 18th straight month in September, though at 48.6, this was the highest reading since January 2016.
HSBC Global Research said on Friday weak external demand remained a major drag, with new export orders sinking further and this could see Bank Negara Malaysia (BNM) reducing the Overnight Policy Rate (OPR) by another 25 basis points in its November meeting.
Its co-head of Asian economic research Frederic Neumann pointed out overall new orders dropped as well, albeit as a slower pace than before. 

“Manufacturers also continue to face margin pressures, with the rise in input prices accelerating sharply, the highest in the survey history, and outpacing gains in output prices,” he said.


On the other hand, output prices rose at a softer pace in September, implying an ongoing margin squeeze.

“The PMI survey continues to suggest that manufacturing conditions in Malaysia are still weak, and that a recovery any time soon remains elusive.

“Worryingly, in contrast to the prior two months, overseas demand for Malaysian manufactured goods declined in September, with new export orders contracting at the sharpest pace in three months. This suggests that the tail-wind from the depreciation of the ringgit is fading for Malaysian exporters. 
 
“Meanwhile, the (negative) gap between input and output prices widened further, suggesting that profit margins for Malaysia's manufacturers remain under pressure. In the coming months it is unlikely that this gap will narrow meaningfully, as soft local demand constrains the pricing power of companies,” he said.

Manufacturing is the country's largest employment sector alongside the wholesale and retail sectors. In general, however, labour market conditions remain soft, pushing the unemployment rate gradually higher (to 3.5% in July).
 
Neumann pointed out that unfortunately there is only so much the central bank and government can do to address the domestic slowdown. 

The government's recalibrated 2016 budget will not provide any additional fiscal impulse, with the budget deficit to GDP ratio maintained at 3.1% of GDP versus an estimated 3.2% of GDP for 2015.

中国房地产 泡沫。。。。。。明年开始。。。。。。。。。。。大完蛋。。。。。乎

Beijing: China’s richest man, real estate magnate Wang Jianlin, has warned the country’s property market is the “biggest bubble in history” - the latest alarm bell to be sounded on the world’s second largest economy.
Wang, the owner of real estate and entertainment conglomerate Wanda, said property prices continue to rise in the country’s big cities but fall in smaller ones saddled with huge inventories of unsold new homes.
”I don’t see a good solution to this problem,” Wang, whose group owns more than 200 malls, shopping complexes and luxury hotels across China, told CNN in comments published on its website. ”The government has come up with all sorts of measures - limiting purchase or credit - but none has worked.”
Urbanisation and property development have fuelled China’s economy, the world’s second largest and a vital driver of global growth.

China’s long property boom, driven by credit and government spending, made fortunes for many owners as new districts mushroomed across the country. But growth has hit the doldrums in the last two years, with new buyers priced out despite government borrowing restrictions reining in soaring costs.
Many more peripheral cities have become “ghost towns” full of empty and unsold residential property, even while in the larger metropolises property prices skyrocket.
Tiny apartments with no running water or toilets located in Beijing’s good school districts sometimes sell for prices comparable to properties in Mediterranean tax haven Monaco.
'HASN'T BOTTOMED OUT’

The stumbling property market, combined with a sluggish manufacturing sector and mounting debt, has dragged on growth, which last year came in at its slowest rate for a quarter of a century.
Concerns about China’s growing debt mountain led a global central bank watchdog to earlier this month issue a warning that the country’s banking sector is facing an imminent crisis.
The Bank for International Settlements - dubbed the central bank of central banks - said a gauge of Chinese debt had hit a record high in the first quarter of the year.

While Wang said he was not worried about a hard economic landing, “the problem is the economy hasn’t bottomed out."

”If we remove leverage too fast, the economy may suffer further. So we’ll have to wait until the economy is back on the track of rebounding - that’s when we gradually reduce leverage and debts.”

HOLLYWOOD AMBITIONS 
      
In recent years, Wang has shifted his company’s focus from property to services and the entertainment industry as profits wane in Chinese real estate.

Wanda is in talks to ramp up its push into Hollywood with the acquisition of Dick Clark Productions, the company behind the Golden Globes, the US firm’s parent company said on Monday.

The move would follow Wanda’s high-profile, US$2.6 billion acquisition of US cinema chain AMC Entertainment in 2012 and its US$3.5 billion purchase of Hollywood studio Legendary Entertainment in January.

Nor would it be the company’s last.

Wang told CNN that Wanda was waiting for the opportunity to buy one of the so-called “Big Six” studios, having already begun investing in movies produced by one of them - Sony Pictures.

”If we want to buy something, our minimum would be 50%,” he said. “It could come in a year or two, or longer, but we have patience.”

His US film investments have raised eyebrows in the US, with lawmakers citing concerns that American cultural products might be censored or given a propaganda spin thanks to his close ties to the Chinese government.

But Wang said critics were “over-worried”.

”Although the number of Hollywood productions shown here is very limited, they account for more than half of the market,” he told CNN. ”That’s why I think it’s more like Hollywood influencing China than the other way around.” - AFP

http://www.thestar.com.my/business/business-news/2016/09/29/china-property-tycoon-warns-on-real-estate-bubble/

China is already the world's second largest economy. In fact China is a very important country to Malaysia for its huge and growing investments into Malaysia. It's not just Iskandar but we can see Chinese investments everywhere. In fact they are in the running for the High Speed Rail project and I think they are serious contenders. The property market in China has been booming for many years but within the last few years, some smaller secondary cities are no longer booming. In fact google and you would lots of photos of abandoned malls and empty residential developments. If you go the bigger cities however, everything is normal and in fact prices are still moving upwards.

Interesting piece of news in thestar.com.my on 29th September 2016. Full article here. In brief, the richest man in China, Wang Jianlin says that China's property market is the 'biggest bubble in history.' (Note that bubble in history versus bubble bursting are two very different things.) He said that even as property prices continue to rise in China's big cities but properties in smaller cities are falling in prices and also saddled with huge number of unsold homes. 

11月8日的美国大选。。。。。。。。。还有一个月8天就到了。。。。专家说，谁胜也罢，股市都会下跌。。。。。。。。。。。。。。。。。。。

昨天的股市，像要起飞，

今天就跌了。。。。张假在即，星期一是假期。。。。。

很快的。。。。。进入十月。。。。。。。。。。。。。。

11月8日的美国大选。。。。。。。。。还有一个月8天就到了。。。。专家说，谁胜也罢，股市都会下跌。。。。。。。。。。。。。。。。。。。

这1个月8天的日子。。。。。。。。。

就是等待。。。。。。。。。。。。。。。

等待。。。。。。。。。。。。。。。。。。。。。

等待。。。。。。。。。。。。。。。。。。。。。。。


希望有机会把更多的股票出手。。。。出货时刻。。。。。。。。

10月份是出货月。。。。。。。。。。。。。。。。。。。。。。

真的

看11月8日的美国大选吧

。。。。。。。。。还有一个月8天就到了。。。。

专家说，谁胜也罢，股市都会下跌。。。。。。。。。。。。。。。。。。。


因此，就等待吧！！！！！！！！！！！！！！！！！！！！！！！！！！！！！！

UNLUCKY SEVEN---TUJUH SIAL CELAKA

24 September 2016

Sell Everything before Market Crash !

Will there be another market crash in 2017 ?

The unlucky 7

Whenever there is year ending with 7 , the stock market will collapse and have crisis.

For example, the name for the 1987 stock market crisis is Black Monday. Interest parity arbitrage trading and currency war fueled the 

Asian Crisis in 1997. It involves borrowing a cheap currency with low yields and investing in a stable currency with higher yields to earn spread income, known as positive carry. Hence the name, carry trades.

https://stestocksinvestingjourney.blogspot.my/2016/09/sell-everything-before-market-crash.html

Suspension and De-Listing of Lion Corporation Berhad 除牌在即的金狮集团

Suspension and De-Listing of Lion Corporation Berhad

LION CORPORATION BERHAD

Bursa Malaysia Securities Berhad (Bursa Securities) has rejected the application of Lion Corporation Berhad for a further extension of time to submit its regularisation plan.  Hence, the Company has failed to comply with its obligation to regularise its condition to submit its regularisation plan and obtain Bursa Securities approval of its regularisation plan within the stipulated timeframe.

In the circumstances and pursuant to paragraph 8.04(5) of the Main LR, please be informed that:-
1) the trading in the securities of the Company will be suspended with effect from 10 October 2016; and
2) the securities of the Company will be de-listed on 12 October 2016 unless an appeal against the de-listing is submitted to Bursa Securities on or before 7 October 2016 (“the Appeal Timeframe”). Any appeal submitted after the Appeal Timeframe will not be considered by Bursa Securities.

In the event the Company submits an appeal to Bursa Securities within the Appeal Timeframe, the removal of the securities of the Company from the Official List of Bursa Securities on 12 October 2016 shall be deferred pending the decision on the Company’s appeal.

With respect to the securities of the Company which are currently deposited with Bursa Malaysia Depository Sdn Bhd ("Bursa Depository"), the securities may remain deposited with Bursa Depository notwithstanding the de-listing of the securities from the Official List of Bursa Securities. It is not mandatory for the securities of a company which has been de-listed to be withdrawn from Bursa Depository.

Alternatively, shareholders of the Company who intend to hold their securities in the form of   physical certificates, can withdraw these securities from their Central Depository System (CDS) accounts maintained with Bursa Depository at anytime after the securities of the Company have been de-listed from the Official List of Bursa Securities. This can be effected by the shareholders submitting an application form for withdrawal in accordance with the procedures prescribed by Bursa Depository. These shareholders can contact any Participating Organisation of Bursa Securities and/or Bursa Securities’ General Line at 03-2034 7000 for further information on the withdrawal procedures.

Upon the de-listing of the Company, the Company will continue to exist but as an unlisted entity. The Company is still able to continue its operations and business and proceed with its corporate restructuring and its shareholders can still be rewarded by the Company’s performance. However, the shareholders will be holding shares which are no longer quoted and traded on Bursa Securities.


vvvvvvvvvvvvvv

Lion Corp, whose main business is the manufacture of flat steel products undertaken by 79%-owned subsidiary Megasteel Sdn Bhd, was classified as a Practice Note 17 issuer in October 2013.

PATIMAS---证券监督委员会（SC）周四检控已下市的科技公司霸迪玛电脑前董事经理、副执行主席和执行董事总共4人，这也是证监会首次在2007年资金市场与服务法令第317A条文下采取检控行动。

不当行为导亏损．证监会刑求霸迪玛4董事

（吉隆坡29日讯）证券监督委员会（SC）周四检控已下市的科技公司霸迪玛电脑（PATIMAS）前董事经理、副执行主席和执行董事总共4人，这也是证监会首次在2007年资金市场与服务法令第317A条文下采取检控行动。

该公司前董事经理刘秀娥（55岁）、副执行主席叶伟贤（58岁），执行董事陈金龙（59岁）和吴伯兴（62岁），被控于2010年7月至10月间，以支付510万令吉作为开发软件的付款为藉口，实际上并未支付，而造成公司的亏损。

上述管理层与董事总共面临10项指控，控状由地庭庭主查曼莫哈末诺读出，4被告皆否认有罪；4人获准以20万令吉由一人保外，并扣押护照。

Patimas Corporation Berhad ("Patimas" or "the Company") - Decision in respect of the appeal against de-listing of the securities of Patimas from the Official List of Bursa Malaysia Securities Berhad ("Bursa Securities")

Announcement Details/Table Section : Reference is made to the announcement dated 27 February 2014 in respect to the application for an extension of time to submit the Company's regularisation plan to the regulatory authorities. M&A Securities Sdn Bhd, on behalf of the Board of Directors of Patimas, wishes to announce that after due consideration of the all facts and circumstances of the matter, Bursa Securities had vide its letter dated 18 March 2014 decided to: a) dismiss the Company's further appeal for an extension of time until 14 April 2014 to submit the regularisation plan to the regulatory authorities; and b) de-list the securities of the Company from the Official list of Bursa Securities pursuant to Paragraph 8.04 of Bursa Securities' Main Market Listing Requirements. The securities of the Company will be removed from the Official List of Bursa Securities upon the expiry of two (2) market days from the date of its letter i.e. on Friday, 21 March 2014. With respect to the securities of the Company which are currently deposited with Bursa Malaysia Depository Sdn Bhd ("Bursa Depository"), the securities may remain deposited with Bursa Depository notwithstanding the de-listing of the securities from the Official List of Bursa Securities. It is not mandatory for the securities of a company which has been de-listed to be withdrawn from Bursa Depository. Alternatively, shareholders of the Company who intend to hold their securities in the form of physical certificates, can withdraw these securities from their Central Depository System (CDS) accounts maintained with Bursa Depository at anytime after the securities of the Company have been de-listed from the Official List of Bursa Securities. This can be effected by the shareholders submitting an application form for withdrawal in accordance with the procedures prescribed by Bursa Depository. Shareholders can contact any Participating Organisation of Bursa Securities and/or Bursa Securities' General Line at 03-2034 7000 for further information on the withdrawal procedures. Upon the de-listing of the Company, the Company will continue to exist but as an unlisted entity. The Company is still able to continue its operations and business and proceed with its corporate restructuring and its shareholders can still be rewarded by the Company's performance. However, shareholders will be holding shares which are no longer quoted and traded on Bursa Securities. This announcement is dated 18 March 2014.