Bursa Malaysia shot up this morning (opened nearly 7% higher...

Bursa Malaysia shot up this morning (opened nearly 7% higher before fading), despite the election being a foregone conclusion.

Interestingly, both UOADB (+5.5% to MYR2.30) and UOAREIT (+2.9% to MYR1.43) were swept along in the euphoria.

The combined value of UOS' stakes in these two businesses is now about MYR2,591,954,450, and the MYR has appreciated against the AUD from 3.17 at the start of the year to 3.05 currently.

The upshot of this is that the UOS stake in these two businesses is worth AU$848,616,374 tonight. The market capitalisation of UOS, after todays $1k trade pushed the price up 3% is AU$530m. At this 530m price, you are getting your proportional share of the ownership of UOADB & UOAREIT at a 37.5% discount & the assets held at parent company level for free... - Eternalgrowth