Posted by Jake > 2012-04-05 09:09 | Report Abuse

PNB and EPF possibly given up on local equities and using the sale proceeds to buy foreign properties instead.

Posted by chongkonghui > 2012-04-05 09:19 | Report Abuse

they need to diversify to overseas because if they continue to buy local, the free float will be seriously reduced.

Posted by lotsofmoney > 2012-04-05 14:04 | Report Abuse

The history of Malaysian Inst. buying abroad is not good. They got a bloody nose in Lotus, sold off the motorbike co. for one Pound after losing millions of Pounds, heavy losses in forex if anybody remembered.

European Funds had no where else to go and they see Malaysia is a good emerging market, so all of them come here.

Let's hope and pray our tax and EPF money will still around next year.

Posted by Jake > 2012-04-05 14:16 | Report Abuse

EPF is sitting on a gold mine with the Sg Buloh land which is rumored to be min valued at RM70 per sq ft. Lots of profit there.