Most of the stock market in the world does not performing well in Q3 2011. When compare Q3 2010, only 13 out of 51 stock markets in the positive territory and Busa Malaysia was one of them.
In the same period, market capitalization for Bursa Malaysia increase by 1.10 percent if measured by Malaysian Ringgit but decrease 2.2 percent if the measurement made based on US Dollar. The decrease is due to strengthing of Malaysian Ringgit.
The top 2 world’s best-performing stock markets are Irish & Tehran stock exchanges. Both showed more than 40 percent increase. Meanwhile, the worst stock exchanges are Cyprus and Athens stock exchanges, which decrease more than 40 percent.
The table below is world stock exchange rank based on previous 1 year data.
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iDimension Consolidated Berhad, a provider of manufacturing software solutions is scheduled to be listed in ACE Market on 11th November 2011.
The IPO consists of public issue of 38.2 million ordinary shares at an IPO price of RM0.38 per share with RM0.10 par value. Out of this, 5 million shares are allocated to Malaysian public, 28 millions for private placement to identified investors and 5.32 millions are for employees and business associates.
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Since March 2010, EPF reveals its top 30 equity investments in Bursa Malaysia. The aim for this is to promote greater transparency and to reassure members that investment undertaken are in the best interest of growing their retirement savings and in accordance to best practices in investment and governance.
For Q3 2011, when compared to June 2011, EPF was increasing its stake in most of its portfolio. One on the most notable changes is, AirAsia appeared in EPF top 30 investment portfolios while Maybank out of the list.
The table below are the Top 30 Equity Investments in companies listed on Bursa Malaysia as of 30th September 2011.
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While the destruction arising from the floods is undoubtedly major, it may indirectly benefit some Malaysian companies. Companies involved in tourism and healthcare in Malaysia may benefit from traffic diverted from Thailand, a trend that may continue even after the flood waters recede. Consumer companies may get a short term lift from increased exports to Thailand.
On the other hand, automotive and technology companies are the biggest losers.
Below are the target prices/fair value and ratings for stocks to benefit.
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Previously, we looked at 2011 top 300 world’s largest pensions fund where Malaysian funds, namely Employees Provident Fund at position number 9. The different between sovereign and non-sovereign funds are the fund ownership.
Sovereign fund is established by national authorities for the meeting of pension liabilities. So, this raking is quite similar to world’s largest pension funds but without private funds such as General Motors pension funds.
EPF move 1 rank up from 6th spot in 2010 to 5th spot in 2011 with total assets grew from $109 billion to $146 billion. EPF even overtaking Singapore’s fund, Central Provident Fund
The table below shows top 26 world’s largest sovereign pension funds.
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