EPF's cessation to become a substantial shareholder is considered as a good thing as it would no longer disrupt the share price of f the stock. Sometimes later, EPF might buy in once again. Just my opinion.
To my observation, EPF has been trimming all its portfolio below 5 % as a normal way of liquidation at the year end for liquidity reasons. No big deal and there is no cause of concern at all....
It is good that EPF ceases to be substantial share holder. Otherwise every transaction need to be reported. Bigger for it to goreng a share undercover.
Forget about EPF. They are just managed by a bunch of incapable fund managers. Don’t expect much from them We should thanks God if they not losing our money like KWSA or PNB or TH
The Kuala Lumpur-Singapore (KL-SG) HSR was initiated through the Economic Transformation Programme to move Malaysia from a low/medium income nation into a high-income nation by bridging two of Southeast Asia’s most vibrant and fast-growing economic engines.
In its original form, the KL-SG HSR has seven stations in Malaysia – Iskandar Malaysia, Batu Pahat, Muar, Ayer Keroh, Seremban, and Putrajaya, before terminating at Bandar Malaysia in Kuala Lumpur – while the lone Singapore station is at Jurong East.
Right now, attention is on the signing of the Johor-Singapore Special Economic Zone (JS-SEZ)agreement next month at the 11th Singapore-Malaysia Leaders’ Retreat, where significant announcements are expected on the progress of JS-SEZ that is envisioned as an integrated business and commerce zone.
“It is envisaged that HSR will catalyse the emerging conurbation stretching from Kuala Lumpur to Negri Sembilan to Melaka to Johor and Singapore in ways that are not possible through other modes of transport. Viewed from this perspective, this HSR project is so much more than just a mere mode of transport,” he says.
Last week, MRCB confirmed the termination of a teaming agreement it had with a consortium led by the Berjaya Group. The consortium was set up to put together a non-binding conceptual proposal for MyHSR Corporation Sdn Bhd regarding potential strategic opportunities.
According to reports, MRCB, which carries an AA-IS rating, likely withdrew from the multi-billion ringgit project given the massive financial risks which the company’s shareholders, which include the Employees Provident Fund, Retirement Fund Inc (KWAP) and Tabung Haji, would have been exposed to.
Reports have also suggested that MRCB, which has spearheaded large transport infrastructure projects such as the development of LRT3, made its decision after rumours suggested that a joint venture between YTL Construction and SIPP Rail would likely win the bidding exercise.
@chamlo..If you are the person using this IDS..asked your mother to have a good bath and washed her cee bai with dettol.Send her to bangla cafe workers for SIO KAN.
YTL would be able to make the HSR project profitable, based on its long track record of construction experience and operating experience of ERL.
YTL would be able to control costs of developing the HSR project to the minimum, and if coupled with cost effective solutions from China with or without cheap loans from China, as well as its strong balance sheet and financial acutemen, I am confident YTL would be able to make the project profitable in the long run as the demand is there.
We can see from how YTL has built ERL at world-beating time and costs, and how it has been operating it in the past decades. It has survived the initial 10-12 years when the fare was flat at RM35, and has since pared down substantial project loans and now the project is generating positive cash flows.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
HKHedgeFund
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