Short Position - The big sale is on

It cannot be helped but be noticed that Lembaga Tabung Haji (TH) has been selling down its stakes in listed companies. The divestment of its shares in companies such as Cahya Mata Sarawak Bhd, Ranhill Bhd, Malaysia Resources Corp Bhd and several other listed companies is quite obvious

EVERYBODY knows that it is never the right time to sell stocks when the market is bearish. However, when one sees funds divesting in a bearish environment, it reflects their poor asset profile and risk management.

It cannot be helped but be noticed that Lembaga Tabung Haji (TH) has been selling down its stakes in listed companies. The divestment of its shares in companies such as Cahya Mata Sarawak Bhd, Ranhill Bhd, Malaysia Resources Corp Bhd and several other listed companies is quite obvious.