The appointment of former Negri Sembilan menteri besar Mohd Isa Abdul Samad as Felda chairperson has been unsettling news for the market, says Maybank Investment chief executive officer Tengku Zafrul Tengku Abdul Aziz.

“There have been many GLCs that have ex-politicians appointed as chairpersons, but Felda is a rare case, where the market is concerned with such an appointment. It sends the wrong signals,” he said.