icapital.biz / Tan Teng Boo

Re: icapital.biz / Tan Teng Boo

Postby winston » Sun May 08, 2016 8:13 am

not vested

Special Dividend of 9.5 sen per share less Income Tax of 25% for the financial year ended 31 May 2013 paid on Oct 7, 2013.

No Annual Dividends
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Re: icapital.biz / Tan Teng Boo

Postby winston » Sun May 08, 2016 8:38 am

Monday, 31 August 2015

Investing during difficult times

BY TEE LIN SAY

PETALING JAYA: Amid a challenging socio-economic and political situation that Malaysia is now facing, icapital.biz Bhd will be holding its 2015 Investor Day.

The lanky Tan Teng Boo (pic), the founder and fund manager of iCapital.biz and a seasoned hand in the fund management industry will on that day give his insights not only on investment strategies but also how Malaysians can do their part for the country in these difficult times during the two-day event beginning from Sept 19.

The 61-year-old chief executive officer of Capital Dynamics Asset Management Sdn Bhd is known for his brutal honest thoughts and gripping insights on what ails Malaysian and the Asian region in terms of the socio-economic space.

icapital.biz is a closed-end fund listed on the main market of Bursa Malaysia. It is managed by Capital Dynamics.

Among the areas that to be discussed by Tan include, what he would do if he were 25 years old today, what difficulties would he be facing and what he would do to protect his wealth and secure his future considering the current sosio-economic and political situation.

Tan said that he wanted to tell participants the Malaysian story and more importantly, where the country is heading.

“The days of Malaysia having leaders such as Tunku Abdul Rahman who gave their all for the betterment of the country is over. No leader, whether in the ruling coalition or opposition is made of such substance today,” he said.

For instance, while the media has harped on 1Malaysia Development Bhd (1MDB), it is not the only problem faced by Malaysia.

There are other equally disturbing things happening in Malaysia, so 1MDB should not be the only news put on headlines, he said.

He cited the example of the perennial traffic jams faced in Kuala Lumpur. A mundane topic for a serious platform as the investment forum, Tan said he wanted to bring this up because he felt it had serious repercussions to the country’s GDP.

In June, the World Bank released a report on Malaysia’s urban transportation system which revealed that Greater Kuala Lumpur residents spent 250 million hours a year stuck in traffic and travel 29km/h slower on average during morning peak hours, costing 1.1% to 2.2% of the gross domestic product (GDP) in 2014, or RM12.7bil to RM24.7bil in losses.

Said Teng Boo: “Yes we talk about 1MDB and the RM42bil debt. That is bad and I am not belittling the problem. But here we have a problem which is happening every year. This is RM12.7bil to RM24.7bil which is lost per year,”

He cites another example.

“Why was Sepang chosen to house the Kuala Lumpur International Airport (KLIA) and not Subang? The KLIA is 80km from Kuala Lumpur. Today the KLIA is the furthest airport from the city centre in the world.

“Right now, KLIA receives some 20 million to 30 million passengers a year. The amount of money that needs to be spent on the taxi fare to the airport is roughly RM70 one way. Lets say some 10 million people use the taxi to and fro the airport. This easily adds up to RM1.4bil. How much subsidies are we subsidising the KLIA?” asked Tan.

“I have said this before. If we were to take a sleeping pill and sleep for 50 years, Malaysia may become Argentina if this continues. ”

He added that when people ask what was former Singapore’s premier Lee Kuan Yew’s most successful attribute, for him it wasn’t about transforming Singapore to become a first class nation within a generation.

“It is the Singaporean’s civic mindedness and their social responsibility. This is Lee Kuan Yew’s biggest success,” says Tan.

Tan said that while every Malaysian was so against corruption, he claimed nearly everyone still gave bribes to the policeman.

“When the giving stops, the taking stops. Everyone can be better Malaysians if they do their part. If everybody has more integrity, be more socially responsible and have a stronger sense of right and wrong, we will eventually have better leaders,” he says.

Tan said that participants who attend his talk will learn what is it they can do to make Malaysia a better place.

He also advised Malaysians not to believe everything they read, whether its by the ruling coalition or the opposition. “Malaysians need to be more critical and analytical. To do this, we have to read a lot. Not just finance books, but politics, histories, biographies, even face reading!” he says.

On investing, Tan said that participants who attend his talk will understand that investing may not necessarily involve taking unnecessary risk. It will be the beginning of their enlightenment.

“Investing in the market can be rewarding. It does not have to end with tragic stories,” he says.

The session on Day 2 of the event aims to teach the public how to become better investors.

A major part of the session will address one’s worries and enlighten people on easy-to-understand financial concepts.

Issues to be discussed include:

1. How can one invest safely in the stock market and build their wealth for the future.

2. How can the margin of safety principle safeguard one’s investments.

3. How can one benefit from the shrinking ringgit\.

4. How can ‘mental Gymnastics’ help assess risks and opportunities

5. Will interest rates stay low forever

Among speakers during Investor Day are Boustead Holdings Bhd group managing director Tan Sri Lodin Wok Kamaruddin, Suria Capital Bhd acting CEO Mg Kiat Min and Vitrox Corp Bhd executive director Steven Siaw Kok Tong.

Capital Dynamics is Asia’s first global fund manager and investment advisor with offices in Kuala Lumpur, Singapore, Sydney, Hong Kong and Shanghai. It is an independent fund manager and investment adviser, not tied to any bank, stockbroker or political organisation. It currently manages over US$300mil.

Source: The Star

http://www.thestar.com.my/business/busi ... ult-times/
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Re: icapital.biz / Tan Teng Boo

Postby winston » Mon Sep 05, 2016 8:47 pm

vested

Price 2.30
NAV $3.11
Discount: 26% Discount

City of London (15.7%)

AGM Sep 24. 2016
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Re: icapital.biz / Tan Teng Boo

Postby winston » Tue Sep 20, 2016 8:59 am

Muted KL market seen for rest of this year

BY GANESHWARAN KANA

“I am bullish on China’s performance even for the next 50 to 70 years to come. I believe that another growth area would be India,” he said.


Source: The Star

http://www.thestar.com.my/business/busi ... rket-seen/
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Re: icapital.biz / Tan Teng Boo

Postby behappyalways » Wed Sep 21, 2016 1:49 pm

Fund manager urges value investing amidst volatility in global markets
http://www.theborneopost.com/2016/09/21 ... l-markets/
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Re: icapital.biz / Tan Teng Boo

Postby winston » Tue Oct 04, 2016 3:09 pm

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Fund rumblings

By Clint Loh

30 Sep 2016


Tan reportedly claimed he was one of the top five fund managers in the world

icapital.biz Bhd’s 12th annual general meeting (AGM) on Sept 24 not only saw record attendance by shareholders, but also lasted more than three hours at the Kuala Lumpur Convention Centre.

That’s an unusually long meeting for the sole listed closed-end fund. Market observers say it was a lively session with shareholders raising an array of issues, and showed growing shareholders’ interest in the company.

The fund’s single largest shareholder, the City of London Investment Management Company Ltd (CLIM), has been a thorn in the flesh of the fund’s manager Tan Teng Boo, saying he had not been deploying its cash fruitfully.

It also objected to the election and re-election of icapital.biz’s directors for the ninth time.

icapital.biz is managed by Capital Dynamics Asset Management Sdn Bhd with investment advice provided by Capital Dynamics Sdn Bhd, both founded by Tan.

While better attendance at the AGM may not necessarily indicate growing support for Tan, CLIM’s failure to prevent the re-election of a director shows that he does have the support of most shareholders.

Tan, after all, is the promoter, founder and designated person of the closed-end fund.

Source: Focus Malaysia

http://www.focusmalaysia.my/Mainstream/ ... 57lSE.dpuf
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Re: icapital.biz / Tan Teng Boo

Postby behappyalways » Mon Nov 14, 2016 11:55 am

Where is the Malaysian Stock Market heading? Talk Back Thursday by Tan Teng Boo
https://www.youtube.com/watch?v=xj7uJGRWg-c
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Re: icapital.biz / Tan Teng Boo

Postby winston » Wed Dec 28, 2016 10:23 am

vested

City of London bought 243,500 on Dec 20 and 88,500 on Dec 23

http://www.bursamalaysia.com/market/lis ... ts/5298585
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Re: icapital.biz / Tan Teng Boo

Postby winston » Fri Apr 14, 2017 5:12 pm

not vested

iCapitalBiz posts earnings of RM38,000 in Q3

KUALA LUMPUR: Closed-end fund iCapitalBiz Bhd posted earnings of RM38,000 in the third quarter ended Feb 28,2017 compared with RM31.46mil a year ago due to the absence of gain on disposal of quoted investment.

It said on Friday its revenue fell to RM4.25mil from RM34.19mil a year ago.

iCapitalBiz said profit after tax was RM40,000 compared with a loss after tax of RM1.10mil in second quarter was mainly due to lower interest and dividend income received.

For the nine months, its earnings fell to RM563,000 from RM21.85mil in the previous corresponding period. Its revenue were sharply lower at RM9.87mil from RM40.46mil.

iCapitalBiz said its profit before tax of RM1.57mil declined from RM23.63mil a year ago mainly due to the absence of gain on disposal of quoted investments and impairment loss on a quoted investment in the current year to date period.

“As the company is a closed-end fund, a better indication of its performance would be the movement of its net assets value (NAV). The NAV per share as at Feb 28, 2017 was RM3.17, compared with NAV per share of RM3.03 as at 31 May 2016, an increase of 4.6%,” it said.

On the outlook, the company said the global economy has seen a synchronised recovery. This has benefitted the open Malaysian economy. Exports have recovered. Malaysia’s Leading Index has reversed its decline.

“For Malaysia, 2017 does not seem be as bleak as a couple of months ago. In addition, with the Affordable Care Act also knowmn as Obamacare having triumphed over Trump, the defeat was good for the rest of the world as it brought a nationalistic American administration back to realities.

“With the US economic recovery remaining intact, one can expect the normalisation of her monetary policy to proceed at a pace faster than in 2015 and 2016. We hope investors are prepared for this in a calm manner,” it said.

Source: The Star

http://www.thestar.com.my/business/busi ... 000-in-q3/
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Re: icapital.biz / Tan Teng Boo

Postby winston » Sat Oct 19, 2019 7:04 am

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Reduce stake in fund, icapital.biz tells UK-based CLIM

KUALA LUMPUR: The board of directors of closed-end fund ICAPITAL.BIZ BHD has told City of London Investment Management Company Ltd (CLIM) to reduce the latter's stake in the company.

In a statement to Bursa Malaysia on Friday, icapital.biz said CLIM had on Sept 30 and Oct 16 bought 159,500 shares and 95,500 shares, respectively, in the fund through DB (Malaysia) Nominee (Asing) Sdn Bhd.

“The board is of the view that CLIM had exceeded the 20% maximum shareholding limit stipulated by Securities Commission guidelines for public offerings of securities of closed-end funds, the Main Market Listing Requirements and the constitution of the fund.

“The board of directors of the fund has officially notified CLIM to take immediate action to reduce its shareholding to the requisite maximum shareholding limit, ” it said.

Source: The Star

https://www.thestar.com.my/business/bus ... wBi8RYZ.99
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