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Germany "whatever it takes" massive govt stimulus package. https://www.bbc.com/news/articles/c981w25y5wpo.amp
1. Euro 500b infrastructure fund.
2. Unlimited defence spending.
Time to capitalise on this and wake up?
Anyway I have no idea why EPF keeps on buying into Nestle. Nestle Malaysia is on a slippery slope downwards. They have alienated almost all segments of customers here. For the Malays, its the perception of their relations with Israel. For the non-Malays, they kept using the excuse of cost increase to increase price, yet their quality remained the same or even dropped. Nestle Malaysia is not a tech company where they are not replacable. They are just one of the many consumer products companies with many substitutes offering lower prices with same or even better quality!
I think the management of Nestle Malaysia has gotten arrogant and smug. Why can't the management cut their own bonus or salary instead of increasing prices.
Yes I think we should boycott companies that increase prices wantonly.
@Kevin Don't ask me why.. I have no idea of why the selective boycotting. I would prefer replacing all of the foreign brands, and supporting local brands or champions.... just like current trend in China.
Anyway, in the short term, of course there is going to be disruption and pain, where staff in Mcd is getting laid off and so on. In the long term, these staff is going to be rehired by the local competitor or equivalent. Hence, no loss in aggregate.
@poh Definitely there are local equivalents besides Zus.
I am an investor of Palantir. You don't have to tell me who is Jew or not.
Of course, consumer goods or food are easily substitued or replaced. Tech such as Microsoft, Youtube on the other end have high switching cost and cannot be easily replaced.
I am playing the devil's advocate and I beg to differ. Nestle, McD, Starbucks all these are either necessities or consumer food products. Even if consumers don't buy from these companies, the money will end up being spent in either local or other substitutes such as Zus etc, because consumers still need to eat or enjoy. So there is no loss in aggregate to the local economy.
Buy at 1.80? Even 1.50 also consdider expensive.
1. Genm is a sunset industry espcially in Msia.
2. Govt policy going forward will either restrict business or add additional cost to Genm.
3. The Nons population is going to reduce going forward. Chinese population also decreasing. Don't talk about growth - how can Genm maintain even current revenue if customer base is decreasing.
4. Highly geared. 8b net debt.
