SOMETIMES, the market should trust what a company is doing. The case in point is CIMB Group
Holdings Bhd when it acquired PT Bank Niaga in Indonesia. The deal was first panned by investment analysts but as it turned out, it was one of the best deals done by the CIMB Group.
Hindsight is always twenty-twenty as opinions are framed at the point of a deal. The same can be said of Malaysia Airports Holdings Bhd (MAHB) when it revealed that the cost to build KLIA2, the new dedicated low-cost terminal, was anything but that. Cost has ballooned from an original estimate of RM2bil to between RM3.6bil and RM3.9bil.
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