All eyes on Felda, LTH-linked stocks
Felda is facing serious cash flow problems while LTH has gone into investments that face huge impairments. Both entities would need to divest assets and the easiest is to look at the listed companies,” said a fund manager.
PETALING JAYA: Khazanah Nasional Bhd’s move to divest part of its stake in IHH Healthcare Bhd 
is already sparking interest in other government-linked companies (GLCs) it owns.
Come 2019, the attention of GLCs is expected to expand to stocks held by the Federal Land Development Authority (Felda) and Lembaga Tabung Haji (LTH). This comes as the government is expected to disclose the appalling state of financial affairs in both these government-controlled entities this week.
“Felda is facing serious cash flow problems while LTH has gone into investments that face huge impairments. Both entities would need to divest assets and the easiest is to look at the listed companies,” said a fund manager.
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