Who would be the winner of POS Malaysia?
It's been awhile since the government announcing its intention to divest its shareholding in Pos Malaysia last year. Through Khazanah Holdings, the government owned 32% stake in Pos. Let's re-look at the news with updated info, and hopefully we can have a better prediction on Pos in the near term. While waiting for a new strategic partner, Pos has declared a one-off final and special dividend of 17.5sen , which provides a dividend yield of 5.7%. However, OSK is maintaining its fair value for Pos at RM4.12 with a BUY call. It closed at RM3.32 yesterday. On 29th March 2011, Business Times reported unconfirmed sources said that Khazanah had just shortlisted 3 out of 5 parties bidding for its 32% stake in Pos. Who are they? The 2 candidates that already failed are: Scomi Bhd Tricubes Bhd The 3 still-in-run candidates are: Nationwide MPC-Amanah REIT DRB-Hicom The shortlisted parties will make a final presentation today to Khazanah and McKinsey & Co, who is the adviser. Pos...