IN the trail of Valuecap. It has been more than four months since we last wrote on Valuecap Sdn Bhd, the establishment of which generated considerable excitement back in January. With the renewed vigour of the KLSE, we believe it is appropriate to provide an update, especially in view of the rising pace of companies releasing their annual reports for the financial year ending June 2003.
For those who may not be familiar, Valuecap was set up with a fund size of up to RM10bil, and is owned equally by Khazanah Nasional Bhd, PNB (Permodalan Nasional Bhd) and KWAP (Kumpulan Wang Amanah Pencen, or Civil Servants' Pension Funds). As Valuecap buys no more than 5% of individual stocks, it is not required to file its interests and dealings to the KLSE, which also means that its presence will only show up in annual reports, if at all.
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