Malaysia - EPF, PNB, BNM, Khazanah etc

Malaysia - EPF, PNB, BNM, Khazanah etc

Postby winston » Fri Nov 25, 2016 8:54 am

Malaysia's largest fund-manager unveils strategic plan

BY HANIM ADNAN

PNB is a major investor in Bursa Malaysia with investments of nearly RM170bil or 10% of the market capitalisation of the bourse.

Its strategic holdings are in Malayan Banking Bhd (Maybank), Sime Darby Bhd, UMW Holdings Bhd, S P Setia Bhd, Chemical Company of Malaysia Bhd and MNRB Holdings Bhd.

It also has sizeable stakes of more than 10% in large caps such as Axiata Group Bhd, Tenaga Nasional Bhd, CIMB Group Holdings Bhd and Telekom Malaysia Bhd.


At the moment, out of PNB’s investment portfolio, the cash position is about 20% and fixed income is 4%.

A 20% cash holding is about RM50bil in terms of absolute amount.


Recently, there was a news report of a break-up of Sime Darby, the conglomerate in which PNB has close to a 55% controlling stake.


Source: The Star


http://www.thestar.com.my/business/busi ... egic-plan/
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Re: Malaysia - Market Direction & Strategy

Postby winston » Sun Nov 27, 2016 7:51 am

PNB companies ripe for corporate exercises

Source: The Star

http://www.thestar.com.my/business/busi ... exercises/
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Malaysia - EPF, PNB, BNM etc

Postby winston » Sun Feb 19, 2017 7:51 am

EPF recognises net impairment of RM8.17b in 2016, targets real estate for growth

KUALA LUMPUR: The Employees Provident Fund (EPF), which declared a dividend rate of 5.70 per cent for 2016, had recognised net impairment amounting to RM8.17bil, compared with RM3.0bil in 2015 due to weaker equities market and slump in crude oil prices.

The net impairment was to reflect the lower equity prices, particularly in the domestic banking sector and oil & gas sectors in both the domestic and foreign markets.


More than 70 per cent of our total investment asset is invested domestically. On the g


The EPF would invest more in alternative investment, particularly in real estate and infrastructure.


Source: The Star

http://www.thestar.com.my/business/busi ... or-growth/
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Re: Malaysia - EPF, PNB, BNM etc

Postby winston » Wed Apr 12, 2017 8:51 am

not vested

Shahril: EPF takes long-term view on property ventures

BY EUGENE MAHALINGAM

EPF chief executive officer Datuk Shahril Ridza Ridzuan said the project would span over 15 years.


Last week, the provident fund announced that is paying A$154mil (RM500mil) for a 49% stake in Yarra Park City Pty Ltd (YPC), which holds the rights to a five-acre mixed-use development worth over RM9bil in Melbourne.

The remaining 51% interest in YPC is held by PJ Development Holdings Bhd (PJD), which is a subsidiary of OSK.


“Even in equities, which constitutes roughly 40% of our portfolio, the types of equities that we focus in are based very much on those long term yields as well.

“We invest in long-term utilities, consumer goods and matured technologies, rather than tech start-ups or the volatile equities that you see in the market.”

Shahril said the EPF’s realised return on investment over the past three years in equities had averaged between 9% and 10%.


We tend to avoid sectors that are injurious to public interest, such as gambling and alcohol. This is across both syariah and conventional.


“Our syariah assets today account for about 50% of our total asset base and we’ve been able to find syariah compliant assets across everything that we do, whether its infrastructure, equities, or property.”


Source: The Star

http://www.thestar.com.my/business/busi ... -ventures/
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Re: Malaysia - EPF, PNB, BNM etc

Postby winston » Sat Aug 26, 2017 9:36 am

Wahid gets moving to boost returns for PNB

BY HANIM ADNAN

PNB is a major investor in stocks listed on Bursa Malaysia and owned 10.3% or RM186.2bil of the exchange’s RM1,814.59bil total market capitalisation as at June 30, 2017.


“If we are bullish on the industry, then we will be increasing our stakes in these core companies. Otherwise, we will consider diluting our stakes.”

But there is a situation whereby PNB is positive on the industry and the share price of the core company has also gone up. “Then, PNB might also want to lock in the profits,”


Going forward, Wahid points out that PNB would consider putting in a bit more money into private investment, property and fixed income.

For private investment, PNB will be looking at investing in more unlisted companies.

Currently, PNB has investments in companies such as I&P Group Sdn Bhd, MIDF, Boh Plantations Sdn Bhd, Unilever Malaysia and Projek Lintasan Kota Holdings Sdn Bhd (Prolintas), all of which are unlisted companies.

The bulk of PNB’s RM260bil worth of assets are currently invested in listed equities (69%), mainly in Malaysia.

The remaining 20% is in cash, 5% in fixed income, and property and private investments are at 3% each.

According to Wahid, PNB is planning to lower its 20% cash position to 15% under its asset allocation.


Source: The Star

http://www.thestar.com.my/business/busi ... hTUh5xL.99
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Re: Malaysia - EPF, PNB, BNM etc

Postby winston » Mon May 14, 2018 10:14 am

Daim holds maiden meeting with heads of six GLICs today

KUALA LUMPUR (May 13): While the market may see some short-term volatility as it factors in changes under a new government following the 14th General Election (GE14) on May 9, the outlook beyond that is positive, say the heads of six government-linked investment companies (GLICs).

They are Datuk Shahril Ridza Ridzuan of the Employees Provident Fund, Datuk Abdul Rahman Ahmad from Permodalan Nasional Bhd, Datuk Wan Kamaruzaman Wan Ahmad of Kumpulan Wang Persaraan (Diperbadankan), Tan Sri Lodin Wok Kamaruddin of Lembaga Tabung Angkatan Tentera (LTAT), Datuk Seri Johan Abdullah of Lembaga Tabung Haji (LTH) and Tan Sri Azman Mokhtar from Khazanah Nasional Bhd.

They noted the emerging consensus of independent commentators, who see this as a historic opportunity to reset the nation's economy.

"This, if executed well, we concluded, will result in not just a stronger economy but also in greater confidence to the markets, which will translate into better performance of our funds, for the ultimate benefit of the fund beneficiaries," the six GLICS said in a joint statement today.

The statement follows their maiden meeting with Tun Daim Zainuddin, the head of the newly set-up Council of Eminent Persons as announced by Prime Minister Tun Dr Mahathir Mohamad on Saturday, who had invited and met with the chief executives of the six GLICs this morning.

The GLICS said during the one-hour meeting, Daim had sought the views of the attendees on various matters pertaining to the economy and the markets including the outlook for the economy, the market and the ringgit.

"In the dialogue, Daim stressed the need for the respective funds to maintain professionalism in the interest of their beneficiaries, the nation and ultimately, the Rakyat. He reaffirmed the need to manage the respective funds professionally, transparently, and with integrity.

"He also emphasised the importance of separation between professional management of the institutions and any undue interference from political or any other external parties. For funds that had political representation on their respective board of directors, Daim reaffirmed that this will be reviewed and changed, as required," they added.

"As GLICs and trust institutions, we receive this message and reaffirmation very well, as part of our ongoing practice of strengthening governance and performance focus and accountability of our respective institutions."

In these first 100 days, the council will be tapping into the GLICs and GLCs as appropriate, to assist in terms of information, resources and inputs in dealing with various issues laid out by the Government. These issues include, inter alia, the review of specific funds and companies, the review of projects and contracts, and the issue of toll roads; areas where GLICs and GLCs will have specific and relevant expertise and resources.

"We see this is a very positive step of the process of a national reset from the standpoint of the economy and the markets. This will allow us to continue to improve in both the governance and performance aspects of the managing of our respective funds and institutions," said the GLICs.

Source: The Edge

http://www.theedgemarkets.com/article/d ... lics-today
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Re: Malaysia - EPF, PNB, BNM etc

Postby winston » Sun Jul 15, 2018 5:15 am

Not a Renong 2.0, please

The net worth of companies under Khazanah was RM125.6bil as of the end of last year.


Source: The Star

https://www.thestar.com.my/business/bus ... 20-please/
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Re: Malaysia - EPF, PNB, BNM, Khazanah etc

Postby winston » Sat Jul 28, 2018 8:29 am

6 out of 10 Khazanah's key stocks on Bursa Malaysia lose RM2 bil in one-day

Axiata Group Bhd, Malaysia Airports Holdings Bhd, Telekom Malaysia Bhd, CIMB Group Holdings Bhd, UEM Sunrise Bhd and UEM Edgenta Bhd.


Source: New Straits Times

https://www.nst.com.my/business/2018/07 ... il-one-day
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Re: Malaysia - EPF, PNB, BNM, Khazanah etc

Postby winston » Tue Mar 05, 2019 1:31 pm

Malaysia's Khazanah to restructure fund under two groups, posts weak results

by Liz Lee, Fathin Ungku

* New strategy comes as Mahathir seeks funds after 1MDB scandal
* CIMB, Axiata Group listed in commercial fund
* Tenaga, Malaysia Airports and Telekom in strategic fund
* Portfolio value falls 13 percent to 136 bln ringgit
* Reports 6.3 bln rgt loss before tax vs profit of 2.9 bln

Khazanah's plan aimed at delivering more cash to the government by pruning its stakes in non-strategic assets.

According to the report, Khazanah, traditionally more of a strategic investor, had split its investments in over 100 firms spanning more than 20 countries under the two new categories.

Khazanah said on Tuesday that its investments in companies including 27 percent-owned CIMB Group Holdings, 36-percent owned telecommunications firm Axiata Group and Alibaba, would be part of its commercial fund.

The commercial fund will target a return equivalent to Malaysia’s Consumer Price Index plus 3 percent on a five-year rolling basis.

Tenaga Nasional, Malaysia Airlines, Malaysia Airports Holdings and Telekom Malaysia, will be part of Khazanah’s strategic fund.


Source: Reuters

https://www.reuters.com/article/khazana ... SL3N20S0W3
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Re: Malaysia - EPF, PNB, BNM, Khazanah etc

Postby winston » Fri Mar 08, 2019 8:21 am

Khazanah’s big loss sparks debate

by Intan Farhana Zainul

Half of the impairment charge was due to the poor performance of Malaysia Airlines and a big chunk was also said to come from the write down on Khazanah’s investment in Astro.

Azmin said the huge investments made by Khazanah to turn around Malaysia Airlines in the past few years had cost a whopping RM3bil impairment as the strategies implemented has not turned around the company.


Source: The Star

https://www.thestar.com.my/business/bus ... 4bbSpl7.99
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