It happened once before with another institutional investor. Foolish to do it again with another. Same playbook, but lesson never learnt
Biggest company does not mean better. We have many large ones that are inefficient. One must ask why EcoWorld wants to merge (and lose ownership control) unless they are not doing well? There are severe cashflow problems, add that to weak demand for properties
You create this giant that you then feel compelled to rescue when in financial trouble. Why put yourself through this? When easier solution is to make UEM more efficient
One thing I have noticed in Malaysia is the need to have institutional backer for companies, so discussion with banks are easier. There were so many conversations had over “would you come and rescue if xxx failed”. Answer: No.
I fear this deal would go down this route, because focus has always been on market cap size, rather than efficiency metrics. I would love to be corrected why this deal is good for UEM Sunrise shareholders.
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