During the 4th Economic Transformation Programme (ETP) update recely, the PM unveiled a further 9 Entry Point Projects (EPP)s worth over RM2bn, bringing the total to date at 60 projects under 46 EPPs. To date, the projects will produce RM95bn in investments and increase GNI by RM137bn.

With the ETP and theupcoming General Election as its twin catalysts, OSK remain Overweight on the Malaysian market with our 1680 pts year end target intact. Favourite sectors remain Banks, Oil & Gas, Property and Construction.

The 4th EPPs announced include:

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APFT

Asia Pacific Flight Training (APFT) Berhad Initial Public Offering (IPO) received an overwhelming response with its Malaysian public portion of 15 million shares.

It was oversubscribed by 12.09 times. The IPO attract 8,590 applications or 196.36 million shares. All the 17.25 million of new shares made available for private placement to identified investors have been placed out.

Below are the allotment summary

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Gold

There are a few ways to invest in gold. One of the most popular ways is via Investment or Savings account with a bank. The main benefit of this method is,  investor does not need to worry about keeping the physical gold by themselves.

Currently, there are 5 banks offer gold investment or savings account. Normally, banks will issue either passbook or statement to the depositors. Some of the banks do allow physical gold withdrawal.

Banks that currently offer these services are,

  • CIMB Bank – Gold Deposit Account (GDA)
  • Kuwait Finance House (KFH) – Gold Account – i (GAi)
  • Maybank – Maybank Gold Investment Account (MGIA)
  • Public Bank – Gold Investment Account (GIA)
  • United Overseas Bank (UOB) – Gold Savings Account (GSA)

The following table are the details comparison between 5 investment or savings accounts.

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Rental House

Income derived from a rental property is taxable. If you own a rental property, the rental income obtained should be declared in your income tax return form.

Bear in mind that not all monetary transaction between the house owner & tenant is taxable. Also remember that certain expenses on the rental property are eligible for deduction to reduce the income tax.

Take a look at the following scenario.

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Stock Exchange

2010 was a good year for stock market world wide. Most of them are in positive territory and growth except for those country that affected by economic crisis such as Greece.

The following table shows world’s largest stock exchange  in terms of market capitalization as of 31st December 2010.

Bursa Malaysia retain its 24th position since Q3 2010 with 24% increase in market capitalization.

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