i cant imagine the previous buying price of JKH( by EPF) was much higher than this price and can some one please explain how this became such a smashing profit to the EPF?
thanks in advance
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zenobia wrote:malaysian whoever who bought JKH did so in US dollers at a time when sl rupee was thoroughly depreciated. i am not a financial expert but
i cant imagine the previous buying price of JKH( by EPF) was much higher than this price and can some one please explain how this became such a smashing profit to the EPF?
thanks in advance
hariesha wrote:EPF had JKH shares for a long time. Though they have purchaed some at a higher price, since they have exposed to several share splits, I think they have made a capital gain of more than Rs.50/- per share.
bullrun wrote:Initially deleted Government in 1977 and all Governments later let the rupee float to reflect the reality. This nature of investments and demand for rupee will help to stability as well as future development.
bullrun wrote:
ETF never decide to sell or buy without a very good analysis. Yes everyone including highly intellectual private investors also had portfolios losses. That does not mean that ETF is losing. They do long term investment and selling also aiming at the same direction.
KAROSH95 wrote:Agree with you aj it was part economical part political decision to preventing rupee from further depreciating. But the way EPF handle the portfolio is far below professional level. They bought GRAN at 170 or something and now its trading at 60 something. And they claim it as a strategic investment. In essence this is gambling using public funds!
Last edited by kasper on Sat Mar 17, 2012 1:46 pm; edited 1 time in total (Reason for editing : Typing mistake)
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