Friday, November 9, 2012

FGVH Shares Still Poor Performers

The stupidity continues when yesterday, EPF snapped up another 250,000 FGVH shares, bringing its total direct stake to 7.78 percent. [EPF, the country’s largest pension fund, said in September that it was buying into Felda Global Ventures Holdings as it had an extended and positive view on the plantation sector!]

Yet shares of FGVH, the second largest initial public offering (IPO) in the world this year, have slumped in the last one week due to concerns over weak earnings from plantation companies.

The shares of the plantation giant, which were supposed to be a financial windfall for Felda settlers, traded as low of RM4.59 yesterday which is just shy of the record low of RM4.57 recorded on September 11. Anyway, FGVH managed to close at RM4.63, which is seven sen lower than on November 01 and just eight sen above its IPO price.

Can somebody please tell EPF that they are needlessly spending our money? And irresponsibly too?

Shannon Jann Ng’s MGT2024 Scientific Ideas and Innovation class presented their exhibits yesterday and these photos reflect the hard work put in by our BBM students at SUBS:

The main goal of the project is to help students learn how to think scientifically, i.e. think based on evidence as well as learn how to evaluate claims and the quality of evidence presented. I was invited to be part of the Roving Faculty Panel.

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