EPF already have Malakof since before it was delisted back and then after listing back its not a problem for EPF to dispose since they already profit as long the price were above RM0.90.
Underperform fund like Tabung Haji in this case were among victim of this scenario.
EPF got no choice. every year, there are billions of ringgit flows into EPF, and EPF must invest 70% of funds in Malaysia. but KLSE did not grow as fast as EPF fund. End up EPF becomes major shareholders of many listed company, including Malakof. Once EPF wants to dispose off the shares of one company, it will take a long time, as it cannot dispose too fast, or share price will go down a lot.
Short term game this counter of course tak jadi la......hold this for long term, highly dependent on PPA/ projects to gen cash flow.....agree with Ruby828 need to take months to go up...
I believe this is true. the price hovering around 1.17-1.18 where most large volume of transactions were made. it will clinch to 1.30 soon when the institutional players collected substantial amount o shares
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....
dingdong123
11 posts
Posted by dingdong123 > 2017-03-16 10:42 | Report Abuse
hopeless counter.