QUESTION TIME As a long-term
investor, the Employees Provident Fund (EPF) should reject Petroliam
Nasional Bhd’s (Petronas) offer to buy the shares it does not own in
listed shipper MISC Bhd for RM5.30 per share because it considerably
undervalues MISC.
Otherwise, EPF, which is the retirement savings
repository for over 12 million Malaysian workers and which manages
close to RM500 billion of funds, could well lose a golden opportunity to
stay invested in what may be one of the most undervalued blue chips on
the Malaysian market.