Friday, October 13, 2006

101 Economic Wealth

1) Par Value measurement - That's like saying what was your worth 5 years ago or 10 years ago. That's like saying holding one Magnum share has the same economic wealth as holding one Genting share as both have same par value??!! You are trying to measure economic wealth NOW, not 5 or 10 years ago, right or not??

2) GLCs not part of equation - Very simple, just divide according to racial composition of market value of GLCs. Not to include GLCs in economic wealth calculation would be quite ridiculous.

These are just 2 points from the methodology being brought into questioned. If we can find huge faults with the present day calculation, why even bother implementing the 30% NEP, just pick any figure then!!! Hence the government will have to explain clearly how the thing is calculated.

1 comment:

stocktube said...

hey, they didn't call it "never-ending-policy" for nothing ... those elite groups just wanna maintain status-quo ...

par-value huh ? well, let's buy 10000 shares magnum and swap with their maybank shares ... if they say ok, then we admit ASLI is wrong ... hahaha