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The major reason why BKawan is undervalued, are because of its liquidity, and it is a holding company.
KLK is the stock most fund manager must/will/want to have, as it is an index linked, a big cap and major plantation stocks.
BKawan is not.
Another reason, BKawan is holding company, cash and profit are bulk come from KLK, and rely on KLK. BKawan itself business is rather small only.
KLK is the one directly involve the plantation businesses, cash generator.
Until Bkawan sell off its entire stake in KLK, the value of KLK holding only will be realised.
So the value is not unlocked, no matter how high the value, you can see but cannot touch.

Investor buying share want to share a profit, not seeing value/profit in the window.

Added on December 2, 2010, 1:45 pmYes
Can, if you hold more than 51%.
If you have leisure time, then why not.
Go to grill the directors if anything unhappy issue.
But mostly AGM is like formality only.
Good and well managed company has little issue on AGM generally.
As we can see everything from the annual report already.
If more people want to attend AGM/EGM, something is not right or unsatisfy on some management issue. Setting aside the free-gift attraction.

i made it a point to attend both TA and KNM AGMs, TA because of their share non-performance a year after all the hoohah about TAGB, and KNM to clear up questions regarding the MD Lee's shark activities, and KNM's poor performance. and both companies were being VERY quiet about their activities for one whole year, no analyst briefings, news etc
it made me less jittery after attending both AGMs, although im not sure whether it's because of the CEO's persuasion/sweet talk skill or what.