THINKING ALOUD
Malaysia state funds can lift Bursa, but market discipline must rule
If firms perform well, they should not need governmental support
[SINGAPORE] Malaysia’s government-linked investment companies (GLICs) are not just big investors.
With their deep pockets and sprawling holdings across Bursa Malaysia – the country’s stock exchange – their heft makes them the obvious place to turn to whenever the market needs a lift, confidence needs shoring up or a national rerating agenda needs some muscle behind it.
After all, why not?
