Investment in shares, other than read it financial report. One way to select a company is to select it management. When you invest in shares in a company. You become a shareholder, or a partner of your company. Don't you want to know your partner well before you invest in a company?
This is what a lot of speculator or investor in Malaysia did. In fact, it is a dangerous move if you invest in a company without knowing your partner well.
I have a post Would you buy Toyota Camry, Honda Accord or Proton Chancellor? which I have stated: I feel investment in company equivalent to investment in a company CEO. If government let Idris Jala to head Proton rather then MAS. I might be consider as he has the track record of turnaround a company.
On May 29, 2007, Malaysia Airlines (MAS) reported a sustained turnaround with a net profit of RM133.1mil for its first quarter ended March 31, compared with a loss of RM319.9mil in the year-earlier quarter.
While on June 1, 2007, Proton posts RM591mil loss. The outcome was exactly the same as my prediction nearly one year ago on July 21, 2006.
MayBank and Ambank's management has recently implement a policy that not base on merit but base on racist selection of it panel lawyer until directed by cabinet to stop it .
But non of the management responsible for implementing such policy has been removed.
While Ambank was not appear not Reader's Digest Most Trusted Brand. Maybank appear on the list together with Public Bank. I would certainly choose Public Bank over Maybank if I want to invest in banking stock.
TechnoratiTag: Business Commentary competitive Economics Economy Malaysia Opinion finance Shares Stock Market klse
