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中台31億資金流入大馬‧投資者宜防中資投機風

中台31億資金流入大馬‧投資者宜防中資投機風

• 大馬財經

 2011-11-04 19:05

（吉隆坡4日訊）國內市場最近悄悄掀起“中國風”，一些持有龐大現金的中國和台灣企業，陸 續來馬收購房地產和股票，流入資金估計已達31億令吉，分析員認為中資近期大幅湧往海外發展，部份流入大馬是合理現象，惟警告投資者需小心部份中資可能純 粹為投機而來，股市投資者須小心防備。

分析員認為，中國投資者過去幾年來累積了充裕的現金，加上中國經濟近期因貨幣緊縮政策而展回跌傾向，一些投資者可能開始將資金移往海外市場，大馬只是從這趨勢下受益的其中一個國家。

日本投資資金在過去幾個月內大事收購國內總值44億8千萬令吉資產，其中較引人矚目的收購計 劃，包括合成實業（CIHLDG，2828，主板消費品組）旗下價值8億2千萬令吉的Pemanis私人有限公司收購計劃，國庫控股叫價33億令吉的綜合 保健控股公司30%股權，以及價值2億5千800萬令吉的和達工業資源（HPI，7919，主板工業產品組）全購案，一度成為大馬最積極的外資來源。

不過，分析員相信隨中國資金踴躍流入大馬，外資趨勢轉向中國似已有跡可循。

“中國資金所投資的目標對象，包括股市、房市以及工程計劃，近期湧進的外資則主要在股市和房市之間盤旋。”

中資專注低價股

分析員還補充，就股市來說，中資至今主要專注在一些低價股，頻頻出手買進大批股權，馬股近期有不少廉價股伺機暴漲，估計中資是在幕後“興風做浪”驅動器之一。

來自香港的丹麥籍年輕企業家邱玨麟（Christian Kwok-Leun Yau Heilesen），近期以介於每股8.5至15.5仙價格，收購聚寶科技（GPRO,0045,創業板科技組）24%股權，讓該股近期頻頻登上十大熱門 榜，該股截至週五的閉市價為每股22仙。

此外，兩位來自中國的個人投資者，近期亦以平均每股27.3仙價格，買進安威控股 （ENVAIR，0080，創業板貿服組）800萬股或13.5%股權；賽柏科技（CYBERT，0022，創業板科技組）上週五亦獲中資青睞，來自香港 的鋒蘇昌（譯音）一舉買進該公司12.11%股權，崛起成為該公司大股東之一。

截至週五閉市，安威控股和賽柏科技股價分別掛39仙和11.5仙。

分析員表示，中資突然來馬投資其實不足為奇，它們投資海外的目的可能在於營造商業網絡，將在中國的營運網擴大至其他國家，因此相信未來中資還會繼續來馬探索商機。

不過，由於中資目前主要專攻低價股，分析員也不排除部份中資抱著純投機目的流入大馬的可能性。

頻頻瞄準產業市場

“就好像收購聚寶科技24%股權的邱玨麟，其實曾在8月份與另一名夥伴合作買進DVM科技（DVM，0036，創業板科技組）19.9%股權，惟卻在不到3週時間內拋光所有持股，雖然其中動機無法被確認，但不排除投機的可能性。”

分析員也警告，若其他流入馬股的中資抱持同樣目的，低價股短期走勢料繼續劇烈波動，投資者須步步為營。

除了股市以外，中資也頻頻在國內產業市場中狩獵，而且出手闊綽，如中國卓達房地產集團就將耗資10億令吉，參與柔南依斯干達經濟特區內美迪尼（Medini）的20億令吉產業計劃，溫州海外貿易和經濟合作機構，也宣佈染指價值9億令吉的關丹東海岸特別經濟區的工業城計劃。

（星洲日報／財經）

5 tips to turn lower home values into tax relief

By Amy Hoak, MarketWatch

CHICAGO (MarketWatch) — One bright side of falling home prices: Homeowners may be able to snag some property tax relief by challenging outdated assessments.

“There’s no doubt that the number of appeals are up considerably as a result of the decline in the market. There’s no doubt there are many more meritorious cases,” said David B. Wolfe, a partner with the law firm Skoloff & Wolfe, in Livingston, N.J., and a member of the firm’s real property valuation and litigation departments.

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Refinancing overhaul

WSJ's Nick Timiraos has details of a plan to overhaul a mortgage-refinance program that would remove hurdles for homeowners. Photo: Brandon Sullivan for The Wall Street Journal

Nationally, home prices dropped 4.1% in July, compared with a year ago, and they are down about 31% since their peak, according to the S&P/Case-Shiller index. Read more: U.S. home prices up for fourth month.

But while prices are still dropping in many parts of the country, they’re not dropping everywhere. So beware: If you challenge an assessment and it’s discovered that the assessment is too low, you may end up inadvertently raising your tax liability, Wolfe said.

“You appeal at your own peril. If your property is under-assessed, your taxes could be increased by filing a tax appeal,” Wolfe said. “The fact that the market is down doesn’t mean that every property is over-assessed and entitled to relief.”

Before housing values started falling, an outdated assessment usually was to a homeowner’s benefit: Housing prices were only going up, and assessments lagged behind.

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“In the past, people would not care if they had a stale assessment because it worked in their favor. Now, with the reversal [in housing markets] it has changed things,” said John Schepisi, president of Schepisi & McLaughlin, a law firm in Englewood Cliffs, N.J.

Below are five tips for homeowners interested in appealing an assessment. Keep in mind that jurisdictions vary in the way they handle assessment appeals, so always reach out to your local assessor first so you know what the process is in your area.

1. Know the deadline

First things first: Check with the local assessor’s office to see what kind of deadline you’re up against for filing your appeal.

“The filing dates are different throughout the country. If you miss the date, you lose your right to appeal that year,” Wolfe said.

2. Look for obvious errors

Request a copy of your property record information from the assessor, and get a sense of whether there are any obvious factual errors about the home, Wolfe said.

For example, if the record says your house has eight bathrooms when it actually only has three, that could mean the home is assessed incorrectly, Wolfe said. 

3. Determine estimated value

Find out what your home is worth by searching for the values of comparable homes that have sold recently.

You can start your search with a site like Zillow.com to get a ballpark estimate of value based on recent sales, said Joshua Mungavin, a planning analyst with Evensky & Katz, a wealth management firm in Coral Gables, Fla. Realtor.com also allows users to search for information on recently sold homes.

But later in the process, you may end up needing the opinion of an accredited appraiser — especially if you have to go before a review board, Mungavin said.

Remember, the information you need to appeal is the actual value of the home, and comparisons of assessed value among neighbors often won’t mean anything to the assessor, Wolfe said.

“Many homeowners want to compare assessments. They want to go in and say ‘My neighbor is assessed for less than I am,’” but “the fact that someone could be under-assessed doesn’t mean you’re over-assessed,” Wolfe said.

Also note that in many parts of the country, assessments are based on a percentage of the value of your property, Mungavin said.

“A local government may dictate that assessors should use an 80% ratio. This means that if your house is worth $1 million, your assessment value should be $800,000,” he said. “Under these conditions, although a $900,000 assessment on your tax notice may make it seem that you are paying less than you should in taxes, in fact you are overpaying by 12.5%.”

4. Contact the assessor’s office

The best source of information on this is always your tax assessor’s office, Mungavin said. Someone from the office can often walk homeowners through the process of contesting an assessment.

In fact, sometimes homeowners never have to go before an actual board of review during the process of appealing, he said, and a property owner can get a resolution by working with the assessor’s office.

5. Consider hiring help

Some people will advise homeowners to hire an attorney to help them make their case. That may be a good idea if the process requires you to go before a board of review or if you simply feel overwhelmed or don’t have time for the task yourself.

“It’s an option. Is it necessary? No,” Mungavin said of hiring help to appeal an assessment. “I know people who have done it themselves.”

But if you do hire help, make sure their payment is contingent on you receiving tax relief, Mungavin said. Many times, payment will be a percentage of the homeowner’s tax savings over a period of years.

Amy Hoak is a MarketWatch reporter based in Chicago.

What AG's report says on Penang

What AG's report says on Penang

Harakahdaily

Oct 25: The Penang state government continues to be in the good books of the Auditor General, who commended its improved financial position in 2010 compared to 2009. According to the latest AG report, Penang's consolidated revenue grew by 2.7 percent, from RM1,101.89 million for 2009 to RM1,131.17 million in 2010. The consolidated cash reserve rose by 6.2 percent to RM572.49 million, up from RM538.95 million in 2009. “The state’s revenue for 2010 has increased by RM34.19 million or 9.1 percent compared to 2009 from RM376.51 million to RM410.70 million,” observes the report. The AG advises the state government to make better investment analysis as a way to increase dividends. “Besides that, the state government is also urged to continue its effort to collect arrears in revenue amounting to RM78.78 million at the end of 2010 from land tax, loan repayment to students, rental of houses, shop lots and so on,” the report adds. On development under the Ninth Malaysia Plan, the AG rates the state’s performance as satisfactory with a total of RM787.17 or 77.8 percent being spent from the allocated RM1.01 billion. In terms of implementation of projects, the report hails the state's performance as 'very good' with 99 percent of the 9,003 projects successfully carried out. The report concludes that the financial management of state agencies remained good for 2010. “In 2010, 3 agencies are in ‘very good’ category like 2009. 10 agencies are considered ‘good’ and one at satisfactory level,” it says. For three successive years, 13 state agencies audited at least twice between 2007 to 2010 have showed ‘very good’ financial management by the state treasury and development body.