In US, over 90% of the fund managers are unable to outperform S&P 500 Index.  I wonder what is the local fund manager can do, especially with 5% service fee and 1.5% management fee.

Imagine our Unit Trust market is about RM350billion in size.  Yearly management fee is about RM5.25 billion are paid as management fee p.a.  I believe this is a lucrative industry.  How are we to find the top 10%?  Not easy, I believe.

Silk, toll worth RM400m + OSV biz worth about RM300m.  Total value of SILK is RM700m, today, the market cap is RM347m.  I believe in 2 years time, SILK will catch up to RM700m.  Sale of toll was aborted, could be a blessing in disguise.  Most OSVs has 3-5 years contract with oil major, this sould be doing not too bad.  Toll traffic continue its double digits growth, is good news.  Like what the newspaper said, it is not CASH is king, it is CASH FLOW.

Toll roads is recession prove.  Similarly, if OSV rates  is locked in, it should be good for the company.  Yes, it did drop from RM1.20, its fundamental did not change much during the drop in crude oil.  Part of the OSV cost is the bunker cost, good when oil price drop.