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ICAP is an ultra-long term stock. Expect to buy it and hold in perpetuity. Think of it as investing in a tiny piece of empty land. It would not give you returns in the short term. But over a period of time, eg 10-20 years, it will give you satisfactory returns.
Performance wise, yes it's poor compared to other blue chips like Topglove, PublicBank, etc. However, ICAP will never suffer a huge fall like BAT, Dlady, Parkson, etc. Hence, it is a very, very defensive stock. It will not suffer a huge fall. No worries of suffering 50% loss.
Personally, my spare money is in ICAP now, by buying at multi year low prices, instead of placing in FD. Conservatively, I'm looking forward to 10-20% returns in a year, ie TP of RM2.20 next year, when stocks in its portfolio such as SAM & Padini recover.
ICAP is like a tortoise, and I believe slow and steady wins the race. But I understand that one man's meat is another's poison.
kent tan yes 100% agree it's rubbish , pui asia buffet pui pui pui , 10 years ago stock not crash keep say stock will crash, wait until now crash already also no game showing...lousy
ICAP manager does fund management, of course. ICAP's investing style is very defensive. It doesn't buy and sell frequently every month. Not everyone's cup of tea.
