JSX meltdown, shaky deals
JSX composite index dropped almost 100 points this morning on what some say the effect of China meltdown. It has rebounded before the closing of first session at 1,706, but still a drop of around 60 points. What are the impacts of the meltdown to major divestments at Bumi Resources (KPC & Arutmin) and Energi Mega Persada (Kangean block)? Divestments were expected to raise a combined USD1.35 billion. But do they still have the apetite to buy at that level?
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