We are NOT part of Opec, after all

EPF money used to prop up FGV Holdings' share prices?

1. FGV shares remain attractive. FGV has lost about 13 per cent in share price since its listing but its sheer size compensates for that loss. Remember, Facebook has lost nearly 30 per cent since its high-profiled IPO. 2. FGV's performance on the bourse last year wasn't bad at all, especially since it was quite a bad year for palm oil. According to the Edge, the paper owned by Anwar's own good friend Tong, FGV didn't do as well as Astro, Gas Malaysia or Khazanah's IHH (all of which recorded single-digit percent gains on their list price) but it was definitely better than Pasukkhas Group (-53 per cent), Hap Huat Holdings (-26 per cent) and China Stationery (-25 per cent). 3. EPF wasn't the only "supporter" of FGV shares/listing. The cornerstone investors include PNB and Tabung Haji, and the international funds backing it include the AIA Group and Qatar Holdings!

Full article: http://www.rockybru.com.my/2013/01/we-are-not-part-of-ope...