Our overall budget 2017 perception – “Average”

Though the budget has some allocations for people in need. We are completely unconvinced giving out money for those low Income level defined.  The money should be focused into mid to long term segmented education development.  Giving out money is never a good approach even in developed Economy.   

Many tweaks here and there for property segment. Overall we think it is going to be lacklustre again in 2017.  But we still believe another round of rate cut is on hand before year end will be good enough.

A not very exciting budget and not so straight forward policies may harden the execution of the budget and incentives.  

In short, we do not see an exciting budget which I believe during this special period. An increase deficit is the right move but focus into high impact and straight forward areas.  

In relation to stocks watch over budget.  Mostly GLCs in construction, finance and properties are going to benefits from budget 2017.  

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Blog at WordPress.com.

Up ↑

%d bloggers like this: