Trade Minister Mustapa Mohamed said today that foreign investment in Malaysia has plummeted.He told reporters that foreign direct investment for 2008 was RM46 billion but for the months of January to May this year, Malaysia has only been able to attract RM4.2 billion. With seven more months to go, it will certainly be an exhausting uphill effort to even get half of the FDI of 2008.
Will all the liberalisation moves announced recently by PM Najib really work?.
So far,laymen have not been able to reap any of the tangible benefits.
The cancellation of the second portion of the Malaysian bond for pensioners was the unkindest cut of all. What a shame!
Are all the measures announced thus far going to be another of those 'too little too late' cases?
2 comments:
Tks for the info, no wonder our stock market plummetted too.
So happy managed to buy Berjaya Toto at Rm5.05 yesterday and closed at Rm5.10. With the continuous bad news, the counter closed at RM5.00 today. I bought 100 unit only...
It is kept on an even keel at the RM5 price level. That would mean there are more bargainers intending to enter at this price to take advantage of the special dividend and share distribution.
The last time Berjaya Sports Toto was so generous was in 2005 when it returned the share capital of RM1.00 to all loyal shareholders; and subsequently reducing the share value to 10 sen per share.
Since then, dividends have been slowly gravitating downwards but well above bank-rate. Thus, comparatively there is no real loss when you compare to the absurd interest regime of local banks.
A good price to enter this counter is below RM4.50, though the company's Treasury buy-back mechanism has always ensured the support price at above RM4.60.
Hopefully it stays at a positive price when it goes all ex in mid July.
With the start of the new Lotto name in H2,paying out a minimum Jackpot of RM3 mil., I believe this counter may give better dividends as the year go by;not discounting capital appreciation.
Post a Comment