Pankaj Kumar returns to the FIRL podcast to catch up on the market outlook with the FIRL Guys, John Huo and MJ Gan. Pankaj is an analyst and columnist at The Star and he shares his thoughts on the inflation issue the world and Malaysia is going through. He also shares with the FIRL guys, thoughts and facts about nation building in Malaysia and what would he do if he was the Governor and Prime Minister of Malaysia. He also discussed identifying red flags in companies like Grab, the shortage of chicken, palm oil industry, unseen truths of property markets as well as his future hope for Malaysia.
Timestamp
00:00 Intro
02:18 Inflation: Supply constraint issue
08:41 Can the FED stop inflation?
09:52 Can monetary measures solve this?
11:45 How to solve Malaysia chicken shortage problem
14:00 Japan’s deflation, MYR vs USD vs YEN, US treasuries
18:05 When will FED drop rates
20:35 1970’s vs 2022’s war
26:00 If Pankaj is the Governor of Bank Negara
29:22 If Pankaj is the Prime Minister of Malaysia
40:56 Issue of annual reports
44:07 Corporate governance practices and issues: Serbadk
51:07 Role of an independent director
1:01:37 Women being part of the board as a law
1:04:27 Whistle blowing: Employees are not protected enough
1:09:07 Identifying red flags in a company: Grab
1:15:46 Palm oil: Risk, sustainability of high CPO price, labour shortage
1:26:09 Working more for less
1:30:52 Why Pankaj love to write
1:32:48 Unseen truth of the property market
1:34:08 Public listed companies overleveraging, misusing equity financing
1:38:06 Criticism, hateful comments on Pankaj’s article
1:41:17 Writing for the wide vs niche distribution
1:44:46 Hope for Malaysia
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*DISCLAIMER*
The information in this video is accurate as of the posting date. These are just the opinions of the FIRL Guys and do not in any way represent investment advice or stock recommendations, the content in this video is purely educational.
Information in the video might not be applicable to all investors as it does not take into account the financial circumstances, investment goals, and risk tolerance of any specific investors. Risk is inherent to all investing, including the permanent loss of capital. Past performance does not equal future results. We are not licensed by Malaysia’s Securities Commission as financial/investment advisors. Please speak to a licensed financial advisor before making any financial decisions.
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Free Stock Investing Masterclass (LIVE)
➡ https://firl.ewebinar.com/webinar/firl-masterclass-3908
Free 6 Figure Stock Portfolio Guidebook
➡ https://www.firl.co/free
Mentorship Program
➡ https://bit.ly/mentorshipapply
Nothing related to the podcast. First time seeing a crypto spam/scam working and there are 31 likes and 20 comments on that alone. Madness
I do not think the label of Malaysia as 'lazy' is entirely fair. The wages in Malaysia in general have been stagnant if not reducing even before the pandemic. Yes, we live in capitalist world, businesses need to earn more money and the owners take more risks and should be rewarded. I think the issues are on the way businesses are being run in Malaysia in general, which are on outdated top-down systems that does not encourage innovation. Some industries have been experiencing lower margins due to competitions. In response, many adopt false productivity mentality, i.e. making employees work more unpaid hours so that productivity (in "normal" hours sense) increases in order to recoup on the lower margins. However, employees are generally not paid in correlation. The pandemic has unfolded the true face of many of these businesses. For the mass population, living with low wages is already difficult and it makes no financial sense to give more and make more for your companies if your net worth is not increasing. They might as well use the time to find side hustle. Many businesses still adopts the same operational models from decades ago in Malaysia, which in fact is a labour hub. People generally reach a plateau fast when following the old ways as it has been proven way that work but though can self-defeating as it does not catch up with time. I totally agree with that the compensation structure needs to change. Boomers which mainly lead companies tend to think the newer generations are demanding about benefits and work-life balance. Whether or not anyone agrees, this is the way forward as the future generations will be the "future". Developed countries like Singapore can pay the workers fairly and decently and it retains talents and encourages competition. It is clear that Malaysia is very slow in adopting anything close to this. How many companies in Malaysia actually offers corporate insurance in addition to the pathetic SOSCO? Training, formal or on-the-job is close to non-existent in many companies. Stagnant pay with minimal increments that lose out to inflations even before the pandemic. It is no surprise that the younger Malaysian workforce is losing a sense of purpose in life. If one don't get growth, wealth or purpose, one is just not motivated to do anything.
Seems like all glooms and dooms but that's the reality I guess. Truly enjoy your guest today.
Camera angle on Pankaj need to tuned a bit, the auto zoom will focus on his hand when the right hand is up.
The foundation of an economy is the normal minimum wage as the coat of living linked to local housing cost. The landlord rightfully expects 4 times the rent for one bedroom apartment local commute. Then this is the normal legal minimum wage act. This is a living a landlord rightfully and mortgage brokers recognize as the minimum wage linked to local housing cost. This allows people to lose fear of inflation as the economy normalizes and bank's accumulate deposits from the poorest people. This strengthens the banks and value of the currency. Higher taxes on the wealthiest people reduces artificial investment and churning of the stock market.
Thanks for doing this. Pankaj needs to come back!
It's mentioned that salary cost is 10-15% of revenue on average in listed companies. But many listed companies are on just 10-20% net profit margin – so if minimum salary increases, it will eat into a few percentage points and can be quite significant in certain companies.
strongly suggest you stop having that yong sui face expression as your youtube video picture. think more ppl will take u seriously then. a suggestion for ur improvement. tq.
really nice to have Pankaj as the guest!
2.2%… for whatever reason.. Hehehe 😂😂
The biggest crash is coming, you can have all the stocks.