Stock market have a lot of General Offer (GO) recently. The Star also feature about it last week. Punter and investor are guessing who will be the next.
Actually there is one company up for sale for quite some time. The company is Courts Mammoth Berhad. The holding company in UK is in financial difficulties and is under receivership. the receiver in UK does not rule out to dispose off it Malaysia operation.
As I mention before. The manufacturing cycle is
Textile------>Steel----->Automobile----->Electrical Home Appliance
Now, Malaysia has lost it competitiveness in manufacturing industry to China. We have to convert to services industry.
Electrical Home Appliance industry like Sony venture into Media and Entertainment Industry. In fact Sony new CEO now is a non Japanese from it US entertaiment and media industry.
Textile company. Usually venture into retail industry. In Malaysia, we have Padini, venture from textile industry to become retailer. Usually, when a develop country invest overseas. They usually invest in retail industry. Malaysia receive less Foreign Direct Investment(FDI) in manufacturing industry. However, we have a lot FDI in service industry, like from Europe, we have Tesco, Macro, Carrefour. From Japan, We have Isetan,Yaohan, Sogo, Jaya Jusco(Aeon).
The world biggest company in term of turnover is Wal-Mart. A retailer and not manufacturing company.
From retailing, they venture into consumer credit like Aeon Group of Jaya Jusco. They venture aggressively in consumer credit.
Courts Mammoth Bhd, a retailer and a consumer merketing player from UK. Availaible for sales. How much does it worth?
TechnoratiTag:Business Commentary finance Malaysia Opinion Shares Stock Market
