After Property Sector, which sector would benefit from Budget 2006?
Merchant Banker, Boutique Finance Outfit and Universal Broker
Merchant banker, like CIMB, Boutique Finance Outfit like ECM Libra and Universal Broker like OSK would benefit from Merger and Acquisation (M&A), corporate finance and corporate advisory work. Corporate Lawyer's business would also increase. Public listed company might start recruiting Corporate Finance or Corporate Planning Executive. Why?
1) Stamp Duty and Real Property Gain Tax exempted on M&A of listed company from Oct 1,2005 to Dec 31,2007
2) Abolish section 132G of Companies Act 1965. ( Would minority lose out again is yet to be seen. This would spur M&A activities)
Education
SEG which specialize in Accountancy course and Stamford, which specialize in Legal course benefit from broadening of RM5,000 relief to the above two course. However, both SEG and Stamford are still in the red at the moment.
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