What we are looking for in 1H2024?

Unlike the beginning of 2023 which the investing theme for the year is clear – “inflation & recession”, the theme for 2024 is quite unclear, at least to me.

But there are 2 things that are clear to me, especially for investing in Bursa:

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Image 1. 10% unlisted share capital gain tax to start implementing, from 1 March 2024
 
That is the reason why we are seeing so many restructurings going on in the market right now. 

Many companies are trying to float/monetise their assets before the 10% unlisted shares capital gain tax starts. 

Many companies in Malaysia are family-owned, or involves conglomerates. These companies have complicated structures with many unlisted Sdn Bhd above. They are trying to rush their retirement planning/restructuring before the deadline.

2 months left before March 2024, I won’t be surprise if there are more acquisitions/disposals within this 2 months.

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Image 2. Land acquisition process for MRT3, from 2024 to 2025
 
The station locations for MRT3 were already announced. 

Which company owns lands along the MRT3 line? 

Who will benefit from compulsory acquisition?

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The hunt starts now.

Best time for arbitrage/diligent investors.

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Source 1: https://www.skrine.com/insights/alerts/december-2023/capital-gains-tax-for-disposal-of-shares-of-unlist#:~:text=With%20the%20issuance%20of%20the,in%20the%20Malaysian%20Budget%202024.

Source 2: https://theedgemalaysia.com/node/694872