But Anyone can do this!

On July,Khazanah Nasional Bhd saw the net worth of its portfolio rise by 34 per cent (RM11.1 billion) to RM44 billion in the first half of 2009, as it continues to divest more stakes in the medium term.

Khazanah, which controls a slate of blue chips in the local bourse, saw the total realisable asset value of the portfolio rise to RM85 billion, from RM69.5 billion, during the same period.

“Subject to value, we expect divestments through trade sales and reductions of our stakes in large listed GLCs to continue and accelerate over the medium term,” said managing director Tan Sri Azman Mokhtar.

Khazanah received some RM10 billion for further capital investments in “shovel-ready” projects from the government under a stimulus package early this year.

The question is: Can anyone else have done this? Yes, almost anyone with an outfit like Khazanah,buying when the market is low with ample government funding and selling on the way up on technicals or when the market jumps ahead of fundamentals.

So, what else is new, Khazanah?