This article first appeared in The Edge Malaysia Weekly on March 18, 2024 - March 24, 2024
THREE consortia’s concept proposals for the Kuala Lumpur-Singapore high-speed rail (HSR) are believed to have been shortlisted for the multibillion-ringgit mega infrastructure project.
According to sources privy to the matter, the three consortia are YTL Construction Sdn Bhd-SIPP Rail Sdn Bhd, Malaysian Resources Corp Bhd-IJM Construction Sdn Bhd-Berjaya Rail Sdn Bhd-Keretapi Tanah Melayu Bhd (MRCB-IJM-BRail-KTMB) and a Chinese consortium said to be led by state-owned China Railway Construction.
However, it is believed that only the Chinese consortium has the financial muscle to undertake the project via private funding. The HSR was estimated to cost RM72 billion when the project was being developed between 2015 and 2020, but this could have significantly escalated.
“It is likely that the Chinese consortium will get the project if the government is adamant about having it privately funded. But the government may require the Chinese to take on a bumiputera partner,” says one of the sources.
If the MRCB-IJM-BRail-KTMB consortium’s proposal is chosen, the Employees Provident Fund (EPF) would end up having the biggest exposure to the KL-Singapore HSR. That is because EPF is the largest shareholder of both MRCB and IJM with 36.21% and 17.62% equity interest respectively. It is also a substantial shareholder of YTL Corp Bhd (which wholly owns YTL Construction) with a 5% stake.

Aug 14): Norway’s Government Pension Fund Global (GPFG) raised its equity investment in Malaysia in June from the end of 2023 as the world’s largest sovereign wealth fund grew in asset size and returns.

The fund also known as Norway’s Oil Fund has 214 Malaysian stocks worth US$2.32 billion (RM10.26 billion) in its portfolio by the end of June, according to its half-yearly disclosure. That compares with 180 companies worth US$2.05 billion on its books at the end of December.

GPFG also has US$178 million worth of Malaysian government bonds, but does not have any investments in real estate or renewable energy infrastructure in the country.

Globally, GPFG generated a 12% return from equity investments but suffered losses of 1% from fixed income, 1% from unlisted real estate and 18% from renewable energy infrastructure.

"The equity investments gave a very strong return in the first half of the year,” said Nicolai Tangen, the chief executive of Norges Bank Investment Management that manages GPFG. “The result was mainly driven by the technology stocks, due to increased demand for new solutions in artificial intelligence.”

Malaysia nevertheless accounted for only 0.1% of all its global investment valued at US$1.55 trillion.

In Malaysia, new investment by GPFG included oil-and-gas services firm Keyfield International Bhd (KL:KEYFIELD), JCY International Bhd (KL:JCY) that makes components for computer storage and telecom services firm OCK Group Bhd (KL:OCK).

GPFG however dumped electronic services firm Kobay Technology Bhd (KL:KOBAY), speaker manufacturer Formosa Prosonic Industries Bhd (KL:FPI) and hypermarket operator Aeon Co M Bhd (KL:AEON), among others.

In terms of sectors, GPFG’s exposure is the highest in financials followed by industrial and technology. The fund raised its investment sum the most in real estate by 93%, energy by 79% and consumer staples by 43%.

The fund’s top three holdings in Malaysia by market value were CIMB Group Holdings Bhd (KL:CIMB), Malayan Banking Bhd (KL:MAYBANK) and Public Bank Bhd (KL:PBBANK).

Which stocks berjaya owned?

Open LD. Kek

Lol. LD again. Scam counter

And yet stock price not reflecting annual report profit. Haha

Gonna hold till FYE report this week

Let’s go.

Collecting ar 0.295. If wanna buy better buy now. Current price too cheap for good FA counter

Just hold only. Mine just 70 lots so cost just less than 2k. I don’t think it will drop further than ipo price.

Should hold la this kind of stock. Not just short it. Hold at least 6 months

Morning 1 ringgit

Sell few lots to get capital and leave the rest

Bursa anywhere can see already mersec

Can use calculator from isaham to estimate your profit/loss

https://www.isaham.my/calculators

Only got 70 lots out of 500 lots applied. Ok la better than nothing. If can open 0.7 above enough already. Haha

@BryanW your mersec allocation will be appeared one day before listing day or around 8am on listing day.

Pump and dump counter

Jtiasa to the moon

Volume really big but price not up so much. Accumulation period before fly

Its time to flyyyyy

Some bilis takes profits first. Jerung still inside. Can see little volume only today

Those who’s new in dnex, do remember that foxconn is substantial shareholder of dnex. So you all can guest dnex destination in the future. Huattt

Qr super power

Expected would be around 1.50. No one know when public offering for ipo.

Damn. This 1.40pm announcement counter still kicking. After vaccine and now 5G? Haha

Reason robin sold his stakes via married deal in order to furnish the performance bond valued at 12.9 millions ringgit to KDN. Total shares he sold worth 13 millions ringgit.

Just ride the uptrend till trend patah

https://www.freemalaysiatoday.com/category/nation/2020/12/13/top-glove-fired-whistleblower-before-virus-outbreak/?fbclid=IwAR1pNDoloUGdwDgii5n2wS8pBuVd24nBhYMnJM-Opy51eIVgmJlaoopufGI

Almost all news portal reported this

https://www.freemalaysiatoday.com/category/nation/2020/12/13/top-glove-fired-whistleblower-before-virus-outbreak/?fbclid=IwAR1pNDoloUGdwDgii5n2wS8pBuVd24nBhYMnJM-Opy51eIVgmJlaoopufGI

Almost all news portal reported this

Avoiding people burn money? Haha. Almost cum myself.

I don’t think operator pressing down lol. Volume less than 20k traded today. What kinda operator is that? Ikan bilis punya operator or anak berudu punya operator? Haha

Lol. Many jokers here. Sold long time ago or just sell kanger today and yet still linger in this forum.

you forgot the subdivision of shares announcement for RCN

supposedly left around 7 millions shares but as they converted the RCN so 3rd and final tranche will be around 10 millions shares left.

Old news. Share for what

qr loss sure tomorrow fly. haha

https://www.facebook.com/578835322140360/posts/3875194689171057/?d=n

Agreement with pfizer will be voided if they fail to register with fda

Pfizer and covax only for 30% population meanwhile another 40% will be from china

Haha. If lousy stock just sell your share and all in at other counters. Easy just like that.

Lol. Got people think pp holder=intraday traders. Haha. Damn so funny. Why in the god’s name proposed for pp if wanna sell just like retailers up 1-2 cent then sell. Some of you better go study what’s pp, how many percent allowed, how it calculated, how much discounts allowed after 5days vwap price, how they calculate tranches, how to know whether pp completed or not.

Pp not even complete yet. Too many dumb and stupid so called master claimed pp already completed and been disposed. Please don’t spurt nonsense here

They already planned half of the pp goes to healthcare. Please read the private placement details

Not yet finish. Still gor 200 millions shares remaining

Because it’s private placement private placement private placement. Wait till all tranche finish subscribe by investor first

Even many good news, you cannot fight sharks as they will press the price from going up due to pp

Funny things are many people who sold or didn’t own any kanger share wasting their time writing comment asked others to leave kanger. Seriously I don’t get it.

Hopefully top glove shark go to kanger. Haha

Cnnboy always come to spread negative news.

Anyone know how many tranche left till pp complete?