Private companies being bought over by GLCs...

What's the implication?
Well you can say what you want but I can tell you such exercise which are rampantly happening in the Malaysian soil is what drives foreign investors away from the Malaysian stock market.
This started since Maybank time, when the bank was taken over in a hostile manner by government. The owner of course has since left the country. Robert Kuok sold his sugar business and moved his main core business out of the country.... UEMLand buying Sunrise...Sime Darby buying into E&O and now PNB taking over SP Setia....
As an investors, all I care about is the going concern of the company and whether the company will generate higher values for shareholders over time... We all know GLC's track record!, less than satisfactory given the upperhand they enjoy as GLCs. Hence fuck it, why would I believe that SP Setia is going to get better with PNB taking over?!?

Look at Sime Darby, poorly managed... MAS, do I need to say more? Bottomline there are nothing wrong with the business model of those GLCs but rather the people running them that is the culprit to why these companies are not generating super income for its stakeholders...

So, while the government tries to privatise more entity, GLCs are "deprivatising" companies... just what the fuck is the government trying to do?? have some sense of direction for goodness sake... lack of strategic leadership is the key to the country's problem and lack of FDI.

The undilah video, is so true... this country is full of problem.... you can say which country don't have problem but this one has far more shit than you think. You don't want to wait until it explode and get hit by the shit right on your face.