rocky's bru

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Malaysia's Felda: The "bright spot" in a gloomy global market Posted: 18 Jun 2012 08:49 PM PDT World's second largest IPO to go through - New York Times The other "F" Bet you didn't think that those Felda settlers would one day do the world a big, big favour. But that's the fact. The world is not just watching and waiting for the Felda Global Ventures Holdings Berhad (they should just call it "Felda" lah) IPO on 28 June 2012, it is hoping that this "bright spot" would show the way.  It is the second largest IPO the world has seen after Facebook, and after what happened to Facebook's IPO the expectations on Felda to do well are indeed very high. I have relatives who were Felda pioneers who were never held in high esteem because, well, they were just settlers. But the "Y" gen of Felda can hold their chins up. At home, a handful of people will still try and dampen the mood. That's expected, too. The Felda IPO and the benefits it will bring are big political points for Najib Razak. Politically, therefore, his enemies would want to scuttle the affair. Economically, some settlers are still not convinced and/or are suspicious. The Felda management and the MPs and Aduns in the Felda zones should work extra hard to convince these settlers and put their wayward masters at bay. For example, the 800 units of shares allotted for each settler. We know that is not true, that the 800 units are just the chocolate covering the mountain of vanilla (think McD's Choco-Top). The settlers together own 20 per cent of the Felda shares after 28 June that will be placed and managed by an ASB-like fund. An analyst says that amounts to 7-8 lots per settler. All FOC. Read more about it in Big Dog's Bumi agenda steadfast post Felda IPO.

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