Monday, February 10, 2020

Sold Gamuda-WE

I have sold Gamuda-WE. Obviously it was at a loss as the construction sector has changed fundamentally since the change of government.


Overall, the total portfolio has to be re-visited at not much due to the corona virus as this is an uncontrollable event but because of the change of government - which is a controllable event. Hence, the danger in Malaysia is not an event which is not controllable but the biggest danger in Malaysia is people.

Anyway, Genting and Genting Malaysia (despite whatever it is) now seem interesting as it has dropped because of much fear rather than true fundamentals.

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