This article in malaysiakini asks Shares rise 1.8%, but what's the backup plan?.
First of all, I will not enter this market for at least another 6 to 9 months and I will only buy shares in companies that have negligible debt and good management.
The government did not have a good plan in the first place - just opening mega-longkangs (oops corriders!) and most of it is based on major foreign investors having to dump billions in expensive property development.
Oil prices will take a few years to get over US$100 and palm oil prices are also down - so how will the government raise revenue for its expensive budget?
Be prepared for a hard landing - sorry, only GLCs qualify for bail-outs. Just see how they spent billions on a wasting asset ala BII where Maybank has already lost millions of US$.
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