Info Briefing: Felda Global - Strong Selling Mopped Up, Uncertainty Lingers

FELDA GLOBAL: Khor Reports takes a look at the first few months of trading activity after the listing of Felda Global. 

• 736 million shares (equivalent 34% of IPO shares issued) traded at value of RM3.9 billion.
• RM616 million in profits pocketed by IPO shareholders?
• Cloudy outlook remains – significant broker reports for “under-perform” on the company’s shares.
• Heavy selling pressure has been quite well absorbed by market buyers. Who are the big buyers?
• Shares drifting down toward RM5 after quick ramp up to RM5.50 from listing price of RM4.45-4.55/share (IPO on 28 June 2012).

Download here: InfoBrief_Felda_Aug12

Info Briefing: Malaysia's Fiscal and Pension System Status and Issues

Malaysia's fiscal and pension systems are out of sync - risks are elevated and reforms needed. But is there a political will to preempt the projected problems?

Download here: InfoBrief_Malaysia Fiscal_Aug12

Political Economy Briefing: Singapore Inc - Recent Debate on Transparency and Accountability Reflects Shifts in Political Economy

Briefing on concerns at Singapore's sovereign wealth fund and on its public finances. 

• Temasek portfolio SGD198 billion; reports an average annual return of 17% for 35 years vs Singapore stock returns averaging less than 8%. Over 20 years, returns of 16% in SGD.
• GIC portfolio estimated near SGD 390 billion; annualised rolling 20‐year real rate of return of 6.8% in USD.
• RECENT DEBATE ON TRANSPARENCY & ACCOUNTABILITY REFLECTS SHIFTS IN THE POLITICAL‐ECONOMY?
• Singapore’s reserves are managed by three agencies – GIC, Temasek & the Monetary Authority of Singapore

Download here: POLECBrief_Temasek_Aug12