Malaysia's 4th largest market capitalisation company in Bursa Malaysia MISC has elevated to second spot recently. MISC's influence of Malaysia economic has become like Mitsubishi of Japan.
Mitsubishi in Japan start from shipping industry like MISC. It slowly diversified to shipbuilding and banking. Similarly, MISC is the largest shipping group in Malaysia. It has recently to rebrand it ship building unit Malaysia Shipyard Engineering Sdn Bhd (MSE) to Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE). What it lack now is a banking group.
However, MMHE chairman recently stated that MMHE is plannning to cease it shipbuilding business. However, this does not affect its influence on Malaysia's Economic. Yesterday, it announced an impressive result.
If a banking group is added to MISC like Mitsubishi in Japan. MISC would certainly become the largest capitalised public listed company on Bursa Malaysia. Petronas, holding company of MISC must be able to used it wide net work to expand such banking group in Malaysia and create an influencial conglomerate like Mitsubishi in Japan.
However, conglomerate in Japan like Mitsubishi are said to be the cause of recession of Japan in the last ten years. However, with the experience of Asia financial crisis. I feel Malaysia able to come out a prevention measure to prevent the occurance of non-performing loan in its banking system like Japan again.
TechnoratiTag:Business Commentary competitive Malaysia News and politics Opinion Shares Stock Market
No comments:
Post a Comment