Chinese consortium wins bid for 40% stake in Pakistan Stock Exchange

[xyxmt]

I don't think so bro, it looks like someone from Pakistan politicians funding this.. you are talking about which intend to grow multifold in upcoming years..

thats true and this is true is every aspect of Pakistan economy, and its a bad business on part of those involved but its same as any other business. But stock market is not an strategic asset of Pakistan as being claimed by some. Its a freaking stock index, tomorrow someone can start a new index which can become more successful than PSX

 

[DJ_Viper]

You can be sure that experienced economists on both sides have thought the process through and came to the conclusion that it was a Win/Win profitable JV..
Pakistan Stock Exchange is still in the hands of Pakistan (majority shares).. Why ask for more money when the Risk is calculated to be low and a big profitability outcome is quite certain after sound and comprehensive market research?

This is your style on every single thread and in every single post. Argue for the sake of argue. I don't know how old you are, but my old man once told me: "son, there is a time to stay in an argument and there is a time to leave the argument". Well, this is that time to leave the argument as you'll continue to argue without making much sense.

The entire globe does business one way, you sell at the best and the highest price possible. No matter what the future might hold. In fact, if the future is bright for a business, it should have more good will and asking price as you'd factor in that future growth. But no good businessman sells their business for cheaper because there is a future stake they'd expect.

This is how the globe works and I don't know about you, but I've sat as an advisor to multi billion dollar companies. So if you think a business should ask less price because their future is bright, than you are obviously not going to be a good businessman. I'd stay away from that. Thanks

 

[Reichsmarschall]

This is the funniest response I've heard today. Good one

keep following me and you'll hear more funnier responses

 

[DJ_Viper]

Btw, i am not a expert, and i wanna know do countries usually sell stakes in their stock exchange to other countries that to upto 40% ? And also that cheap ? Or pakistan is the only one ?

Have india done anything of that sort ? God forbid, i hope not.

What's a public company? And when you go Public, you will have buyers from across the pond, aka, the international buyers. Indian public companies (the good ones) have investors all over the place. When you go public, in your IPO, you can decide on what portion of your shares will go to "preferred stocks" vs. public stocks. This 40% arrangement is like that, kind of preferred stocks. I don't have access to their contract so I can't see their terms and conditions. But such deals come under preferred stocks issued to someone who wants to be a major stock holder. I just think the Chinese got a sweet deal. This was worth much more IMO.

 

[The SC]

This is your style on every single thread and in every single post. Argue for the sake of argue. I don't know how old you are, but my old man once told me: "son, there is a time to stay in an argument and there is a time to leave the argument". Well, this is that time to leave the argument as you'll continue to argue without making much sense.

The entire globe does business one way, you sell at the best and the highest price possible. No matter what the future might hold. In fact, if the future is bright for a business, it should have more good will and asking price as you'd factor in that future growth. But no good businessman sells their business for cheaper because there is a future stake they'd expect.

This is how the globe works and I don't know about you, but I've sat as an advisor to multi billion dollar companies. So if you think a business should ask less price because their future is bright, than you are obviously not going to be a good businessman. I'd stay away from that. Thanks

No point of arguing with some one who wants to win an argument by any means, you already agreed with what I posted before, but you had to argue still and post an empty post like this one again.. I' am sure your father was talking to you personally and left the argument because there was no point continuing with you, you should take his advice for yourself since it was most probably directed at you! stop arguing for your ego, please..

 

[Khanate]

As per media reports a consortium of China Financial Futures Exchange, Shanghai Stock Exchange, Shenzhen Stock Exchange, Pak China Investment Company Limited and Pakistan’s Habib Bank Limited were announced as the highest bidders for the PSX strategic sale yesterday​

No idea why everyone is losing it. The price is fine. The bid came from a consortium which includes HBL, a Pakistani Bank, so its not "Chinese" winning. These are private investors and I hope they make money.

 

[DJ_Viper]

Congrats China..... Looting Phase 1 started

Phase 1 : Small investment
Phase 2 : Looting

( Similar to East India Company)

China–Pakistan Economic Corridor

You guys are obviously very hurt. Shut down in Afghanistan, Baluchistan, Iran doesn't want to support your activities because of Pakistani warning they got after they captured your naval commander involved in terrorism inside Pakistan. You can't isolate Pakistan as the US, and everyone else doesn't listen to that extent. In fact, Pakistan in return, took away your oldest ally and got them to do investment inside Pakistan. Its the same Pakistan that helped break the USSR. Da*mn, these Pakistani guys are sharp I must say. They've essentially put the entire Indian lobby, loads of cash and media to shame.

I think you guys should let it be. Join the looting before its too late. It is a very profitable project. You won't get a second chance to grow your economy much more than where it is today, all by access to various markets by road. No one can beat that.

 

[danger007]

thats true and this is true is every aspect of Pakistan economy, and its a bad business on part of those involved but its same as any other business. But stock market is not an strategic asset of Pakistan as being claimed by some. Its a freaking stock index, tomorrow someone can start a new index which can become more successful than PSX

Actually stock market matters. You guys should be alerted no matter from which country these companies are from. I will be worried if some company bought shares like this. I'm not into stock market but, I'm into solar market. It's look like inside job of your politicians.

 

[LeGenD]

Wow! You seem very concerned. Aren't they your leaders as well?

With Chinese cooperation, Pakistan is functioning pretty amazing. You been reading Pakistan's economic indicators through Western sources lately? That should give you an indication where Pakistan stands today as opposed to a few years ago when Pakistan was a US "ally" in the WoT.

Personally, I fully support and appreciate this move. Pakistan is a country that could have sold itself to the USA. In fact, partly it did during the WoT and even before that period. We saw the results. I, and millions of Pakistanis trust China. I know they won't kill our women and children in drone strikes unlike Uncle Sam. China won't pressure and accuse Pakistan to do more. China won't apply double standards.

China will apply caution and play by the rules. They will invest huge sums of money and also reap the benefits. Pakistan China ventures and cooperation is an absolute win win. We Pakistanis only talk. We can't get things done. China has a reputation of getting things done. I would outsource much of the vital projects to China. That's my personal opinion. China will show results and that is all that matters. No need for you to dramatize though.



You seem to be in an awful lot of pain.

Aren't you the same guy who applauds Pakistani cooperation with the USA in every other thread? It is okay if Pakistan sells itself to the USA, but it is an unimaginable prospect if Pakistan cooperates with China. We get the duplicity.

Please stop throwing fits. You haven't even seen half of it yet. Pakistan and China are going to cooperate on almost every level. You are just starting to see a few glimpses here and there. I would suggest you to get used to this idea. There is much much more on its way.

Did I assert that I am OK with Pakistan selling its assets to the Americans? How many of our assets have we sold to the Americans by the way? Not much.

I was just as vocal against selling HBL to a sheikh at a throw-away price. They wanted to buy First Women Bank Ltd as well but thankfully sanity prevailed.

Your blind faith in China is grouded in lack of experience and exposure. You mistakenly believe that Chinese are angels and fair in their dealings. Hate to break it to you son but you have no idea of Chinese corruption. I have suffered losses in my dealings with them. Even at state level dealings, they sold us defective locomotives. You might also want to learn about Neelum-Jhelum power plant corruption scandal. Please understand that they are people like us and they can be dishonest like us.

As a Pakistani, I am genuinely concerned about state institutions underperforming due to rampant corruption and our corrupt leaders either want to privatize such assets or sell them to foreigners.

A buy-out of this level have its benefits but also associated risks. But an average Pakistani won't understand.

A gora once said that Pakistani will sell their own mothers for personal gains, if they have to. Shame.

CPEC is different; I support it. However, we need to keep China (or any country) at arms length when it comes to sensitive matters.

 

[SBD-3]

ICE is an American finance company.. Chicago stock exchange is one of the smallest in USA.. Chicago alone there are three other stock markets are there.. Here the case is different.. PSX is the one & only major stock market in Pakistan.. In January 2016 govt merged three biggest stock markets in the country Lahore,Karachi, islamabad stock exchanges to PSX..

Correction: they weren't the biggest, they were the only three stock markets and Karachi was ~95% of size and value with Lahore and Islamabad delivering just the rest. So merger made PSX slightly more liquid than KSE.

Did I assert that I am OK with Pakistan selling its assets to the Americans? How many of our assets have we sold to the Americans by the way? Not much.

I was just as vocal against selling HBL to a sheikh at a throw-away price. They wanted to buy First Women Bank Ltd as well but thankfully sanity prevailed.

Your blind faith in China is grouded in lack of experience and exposure. You mistakenly believe that Chinese are angels and fair in their dealings. Hate to break it to you son but you have no idea of Chinese corruption. I have suffered losses in my dealings with them. Even at state level dealings, they sold us defective locomotives. You might also want to learn about Neelum-Jhelum power plant corruption scandal. Please understand that they are people like us and they can be dishonest like us.

As a Pakistani, I am genuinely concerned about state institutions underperforming due to rampant corruption and our corrupt leaders either want to privatize such assets or sell them to foreigners.

A buy-out of this level have its benefits but also associated risks. But an average Pakistani won't understand.

A gora once said that Pakistani will sell their own mothers for personal gains, if they have to. Shame.

CPEC is different; I support it. However, we need to keep China (or any country) at arms length when it comes to sensitive matters.

HBL wasn't bought by a Shaikh but the Agha Khan foundation

 

[Sine Nomine]

Just one of the rare decisions I didn't like with Pak-China cooperation

We shouldn't have sold for only 85 million usd

This is I think second of it's kind and there are many more to follow,I guess chinese companies are serving well interests of our elites..

LOL some of these analysts have never seen such a huge investment happening in Pakistan ever before so naturally they are skeptic about it.

this should be kept secret by India not publicly disclosed until the disaster happens and then celebrations. not a good policy by India to warn the enemy about incoming disaster

Don't fool yourself brothers,it's a loan and god forbid if any disaster like war or natural calamity happens we will be ruined.We have to return that 46 billion with interest.

 

[xyxmt]

Don't fool yourself brothers,it's a loan and god forbid if any disaster like war or natural calamity happens we will be ruined.We have to return that 46 billion with interest.

Ok brother we all have our own story to sell

 

[SBD-3]

Just in case those who don't know. PSX's entire shareholding rests with the 200 TRE members I.e. brokerage firms. 40% of these shares are free while 60% are blocked at CDC. So government doesn't own any share of PSX.

 

[xyxmt]

After going thru all the posts in this thread, I realize very few people have any idea what animal is Stock Index

 

[Sine Nomine]

Ok brother we all have our own story to sell

Yup