The 1MDB IPO Hoo hah! and IGB REIT

I just thought I'd comment about the 1MDB IPO.  It does seem this administration is hell bent on successful government IPOs.  Looking at Felda, looking at a whole host of government IPOs, almost all have been successful trading at a premium to IPO price by about 5 percent.

I have no doubt that this 1MDB will be a successful IPO as it is laden with lucrative government contracts, including some from Tenaga.  As much as I've liked Tenaga for its tariff rationalization, and revenue upside, these "deals" with no negotiation just make me want to hurl and throw Tenaga out the window.

IGB REIT is an absolute gem of an REIT.  If there was one REIT in town that I would be confident in owning that will withstand the next decade or two, it would be Midvalley shopping center.  It is easily the best shopping center in KL.  The car park is consistently full at 1 pm on the weekend.  Not only that, It's location is much more appealing than any other shopping center in Kuala Lumpur.

In a recession IGB REIT would hardly get dinged with all of the hungry mall shoppers and it generally falls into a reasonable price range.  This is a recession proof property that any long term investor would be comfortable having.

Unfortunately, I did not realize the stock dipped earlier in the year.  That would have been a nice pick up at those prices.  Sometimes missed opportunities are sad.  :(