Company Overview and News

Tabung Haji appoints Mohammed Nor as chairman, Zukri Samat as CEO

2018-07-13 theedgemarkets
KUALA LUMPUR (July 13): Lembaga Tabung Haji has appointed former Securities Commission executive chairman Tan Sri Mohammed Nor Md Yusof as its new chairman.

Kenanga: Some bank stocks have undemanding valuations Kenanga: Several bank counters have undemanding valuations

PETALING JAYA: The sentiment on Malaysia’s banking sector remains “neutral” in the second half of 2018, although several banking stocks continue to offer attractive value propositions.
HLFBF 1015 5258 1082 AMMHF

Local equity market looks positive over next 12 months, says AmInvestment Research

2018-07-04 theedgemarkets
KUALA LUMPUR (July 4): The outlook for the local equity market looks positive for the next twelve to eighteen months, backed by steady economic growth, according to AmInvestment Bank Research.
5258 PBLOF 5196 7237 1295

LTH group MD, deputy CEO leave

PETALING JAYA: Lembaga Tabung Haji (LTH) has announced that group managing director and CEO Datuk Seri Johan Abdullah (pic) and deputy CEO Datuk Badlisyah Abdul Ghani have completed their two-year contract of service on June 30, 2018.
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Tabung Haji announces departure of group MD and CEO, deputy CEO and two other board members

2018-07-03 theedgemarkets
KUALA LUMPUR (July 3): Lembaga Tabung Haji announced today the exit of its group managing director cum chief executive officer (CEO) Datuk Seri Johan Abdullah and the deputy CEO Datuk Badlisyah Abdul Ghani, as both have completed their two-year contract services at the pilgrim fund on June 30.

Banking, aviation stocks remain favourites for foreign funds, says MIDF Research

2018-06-28 theedgemarkets
KUALA LUMPUR (June 28): Malaysian banking and aviation stocks were among the favourites for foreign funds, according to MIDF Amanah Investment Bank Bhd Research.
PBLOF MLYBY MLYNF 7113 8664 5681 TPGVF 6742 1295 5014 TGLVY 1155 5347 5258 YTLPF TNABY MYPRY TNABF GEBHF

Index-linked blue chips drag KLCI lower as regional markets slump

2018-06-28 theedgemarkets
KUALA LUMPUR (June 28): The FBM KLCI extended its losses early this morning, dragged by key index-linked blue chips, in line with slump at most regional markets.
KLKBY 2445 5347 5258 PBLOF TNABY 5819 4065 8621 TNABF 2836 1295

KLCI remains lacklustre, tracks subdued region

2018-06-21 theedgemarkets
KUALA LUMPUR (June 21): The FBM KLCI remained lacklustre at mid-morning today, tracking the subdued regional markets.
UPBMF 4065 5681 BATS 4162 2291 2089 7077 6033 0036 PNADF 4456 4863 5258 5819 MYTEF PNAGF

BIMB to restructure once dust settles at Tabung Haji

2018-06-20 theedgemarkets
BIMB Holdings Bhd will likely embark on a group restructuring next year at the earliest as it waits for the dust to settle at Lembaga Tabung Haji (TH) where there is currently a boardroom shake-up, sources say.
1155 1023 1015 5258 MLYBY 6139 MLYNF AMMHF BSMAF 1818 CIMDF

Net profit growth of 8.9% projected for banking sector for 2018

2018-06-19 theedgemarkets
Banking sector Maintain neutral: Although banks’ core net profit growth softened from 12.8% year-on-year (y-o-y) in the fourth quarter of 2017 (4Q17), the momentum remained healthy at 9.7% y-o-y in 1Q18. The key drivers of 1Q18 earnings growth were: i) a wider expansion of 8.3% y-o-y in non-interest income versus 7.7% y-o-y in 4Q17; ii) a 9.4% y-o-y drop in loan loss provisioning; and iii) a smaller increase of 1.
1015 5258 PBLOF AMMHF 1295

Trading ideas: CIMB, HLB, BIMB, MRCB, MyEG

KUALA LUMPUR: JF Apex Research expects CIMB, Hong Leong Bank, BIMB Holdings Bhd and Malaysian Resources Corp Bhd and MyEG Services Bhd to be among the stocks to watch following their latest corporate results.
KPJHF 5258 5878 5819 5102 7155 5112

BIMB Holdings Q1 net profit rises to RM172.14mil

Bank Islam's profit growth was mainly due to the increase in the base rate and base financing rate by 25 basis points effective February 2018, following the 25 basis points increase in overnight policy rate on Jan, 25, 2018, it said.
5258 BSMAF 1818

Maybank Islamic CEO Mohamed Rafique appointed IBFIM chairman

2018-03-29 themalaymailonline
Datuk Mohamed Rafique Merican, has been appointed Chairman of the Islamic Banking and Finance Institute of Malaysia’s (IBFIM) board of directors. — Bernama file picKUALA LUMPUR, March 29 — Maybank Islamic Bhd Chief Executive Officer (CEO), Datuk Mohamed Rafique Merican, has been appointed Chairman of the Islamic Banking and Finance Institute of Malaysia’s (IBFIM) board of directors effective yesterday.

PNB funds reach RM279b, 98pc invested locally

2018-03-18 themalaymailonline
Tan Sri Abdul Wahid Omar said PNB is today Malaysia’s largest fund manager. — Picture by Zuraneeza ZulkifliKUALA LUMPUR, March 18 — Permodalan Nasional Bhd (PNB), established some 40 years ago, is today the country’s largest fund manager, managing funds worth RM279 billion, said its Group Chairman, Tan Sri Abdul Wahid Omar.
MLYBY MLYNF 4197 7148 1155 4588 4863 5347 5258 SMEBF TNABY 6459 6888 AXXTF MYTEF TNABF BSMAF 1818

Four decades on, PNB now Malaysia’s biggest fund manager

2018-03-17 themalaymailonline
PNB chairman Tan Sri Wahid Omar says the fund management firm has a war chest of RM279 billion. — Picture by Saw Siow FengKUALA LUMPUR, March 18 — Permodalan Nasional Bhd (PNB) has emerged as the country's biggest fund management firm with a war chest of RM279 billion, said Tan Sri Wahid Omar.
4588 5258 SMEBF 4197 BSMAF 1818

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