Sunday, May 12, 2013
I am. More hopeful.
The anger. The disappointment........is slowly subsiding but I could not erase those doubts. The 60,000 KL and 120,000 Penang people turned up in two gigantic rallies sending a message to BN. We wanted a fair and clean election. Is that too much to ask? We wanted to let BN knows this is Malaysians tsunami. Did they get the message? PR won the popular votes. 52% said yes to PR. Only 49% to BN. What are they going to do?
Perhaps the expectations for PR taking over over Putrajaya were to high, but certainly not unrealistic. When dust settles down, PR has works to do. Lots of them. They certainly had made inroads into Johor, Sarawak and Sabah. The willingness of PR to move outside their comfort zones this time is certainly paying off handsomely. That momentum needs to snowball.
The gatherings so far have been peaceful. It is certainly setting good examples to the world. This kind of orderly pressures from the masses pressing for reforms certainly cannot be ignored anymore. Civilized and peace loving Malaysians are good enough to impress foreign investors.
All in all. I am. More hopeful.
Back to stock. The Star is the most hated stock in KLSE. It is hitting 10 years low. But they pay 7% dividend yield with single digit PE. EPF is dumping but OCBC bank and Great Eastern are picking up the shares. The reason of selling cheap is obvious. You and I know we don't like their major shareholder which is linked to MCA. The franchise of the business however is still pretty much intact. The profits have been on the rising trend. They have shown some pro-active in capital management by paying special dividend in 2010. Overall, the business is still well run.
Posted by Turtleinvestor at 9:03 PM