Tuesday, August 24, 2010

Funny KLCI

Sometimes I feel today's KLCI, which is based on top 30 stock in Malaysia, is a big joke.  A single fund, namely EPF, is able to control KLCI on a long term basis.  Imagine what George Soros can do to KLCI should he decide to play with KLSE.  Instantly, he becomes the market maker of KLSE.

Apart from the ridiculous KLCI, today's top performer, LayHong, is an egg producer.  QL decides to buy a stake in it.  Personally, I have no interest in egg business.  Another stock that is closely linked to LayHong is London Biscuit.  Lately it is gaining popularity among many investors.  The stock price is relatively stable but it's not under my radar.

No comments:

Post a Comment