SCB, FPO and comments regarding 'foreign', 'loot' and 'nationalist' emotions
Recently, SCB FPO has generated lots of debate. I have to say the following.
1. Famous Chinese leader Deng said that the cat could be red or black, it should kill the rats. Hence, he freed economic production from ideology and New China scaled new heights. We need foreign investment, technology transfer and managerial know how to progress fast.
2. SCB is just decreasing promoter's holding by 5%, so did NIBL and SICL. This is complying to NRB directive. The FPO pricing would be determined by criteria set by SEBON and applicable to all. Hence, we should listen to business logic and the legal framework. Emotions could generate energy not wealth.
3. We are free to sell, hold, buy or do nothing of SCB shares as we wish. However, there are always others with other wishes, preferences and actions. Market moves on due to this diversity.
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