Tuesday 22 November 2016

Felda Global Bhd. Gangnam

Style is the 2012 one hit wonder by South Korean rapper PSY.

With fraud now thrown into an already very difficult situation for Felda, this stock is now trading at the RM1.60ish level.

At the RM1.50 ish level, Felda is a political animal, and perhaps at this level, it can find its fair value home.

Like Felda or Hate Felda, this stock has the "GANGNAM" style written all over it. Let's get real, the bulk of those holding Felda stocks are government backed funds. They wont throw the kitchen sink, as the political dimension is a C4 in the making.

Regardless, this is NOT a contra song.