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Interim Report
MANULIFE INVESTMENT -CM FLEXI FUND CONTENTS PAGE 1 General Information 1 2 Manager’s Report 3 3 Policy On Stockbroking Rebates And So Commissions 9 4 Statement By The Manager 10 5 Trustee’s Report 11 6 Statement Of Comprehensive Income 12 7 Statement Of Financial Position 13 8 Statement Of Changes In Equity 14 9 Statement Of Cash Flows 15 10 Summary Of Signicant Accounting Policies 16 11 Notes To The Financial Statements 21 12 Corporate Information 36 MANULIFE INVESTMENT -CM FLEXI FUND 1 GENERAL INFORMATION 1.1 THE TRUST The Fund commenced operations on 23 January 2007 and will continue its operations until terminated as provided under Clause 48.2 of the Deed. 1.2 FUND TYPE / CATEGORY Growth / Mixed Assets 1.3 BASE CURRENCY Ringgit Malaysia (RM) 1.4 OBJECTIVE OF THE FUND The Fund seeks to provide Unit Holders with long-term capital appreciation. Note: Any material change to the Fund’s investment objective would require Unit Holders’ approval. 1.5 DISTRIBUTION POLICY Income distribution (if any) is incidental. 1.6 PERFORMANCE BENCHMARK 50% FTSE Bursa Malaysia Top 100 Index (FBM100) + 50% CIMB 12-month xed deposit (FD) rate. Note: The composite benchmark provides a balanced gauge on the asset allocation of the Fund which can invest up to 98% of its net asset value (NAV) in equities and/or equity-related instruments or xed income instruments. The composite benchmark is only used as a reference for performance gauge purpose. The risk prole of the Fund is not the same as the risk prole of this benchmark. -
Healthcare Business Strategy Healthcare & Service Business Unit Koji Nagatomi
Healthcare Business Strategy Healthcare & Service Business Unit Koji Nagatomi Copyright © MITSUI & CO., LTD. ALL RIGHTS RESERVED. Healthcare Market in Asia Growth of Asia’s* healthcare spending Accelerating growth *South East Asia + China + India (USD bil) unaffected by economic 3,100 conditions Changes in Population Income Aging Disease 710 Growth Growth Population Patterns 2016 2030 (Source) OECD, World Bank, Mitsui’s forecasts Copyright © MITSUI & CO., LTD. ALL RIGHTS RESERVED. 2 Healthcare Market in Asia Significant shortage of Number of hospital beds per 1,000 population (Number of beds) hospitals 4.8 (no. of beds) 2.8 2.8 2.3 1.9 Changes in 0.7 Population Income Aging Disease Growth Growth Population Patterns OECD Singapore Malaysia India China Turkey Average (Source) METI, Government of Singapore, World Bank, OECD Copyright © MITSUI & CO., LTD. ALL RIGHTS RESERVED. 3 Hospital Business Management in Asia Increased volume and quality of care Maximized value of medical services Management Structure Challenge/Lever ① Challenge/Lever ② Challenge/Lever ③ Increasing Revenue M&A・Increasing (unit price x no. Optimizing Cost No. of Beds of patients) Strategic problem solving from a management perspective Doctors Patients Problems can be solved utilizing business knowhow Trust and expectations Copyright © MITSUI & CO., LTD. ALL RIGHTS RESERVED. 4 Mitsui’s Resources in Hospital Business ■Progress in management participation and expansion of human resources Additional (Persons) Additional investment in IHH Investment in investment in Platform 60 ■Industry experts(MHM) Columbia Asia Columbia Asia Developing a large and strong platform ■ 50 MBK staff seconded DaVita and PHC 5 by participating in management of ■MBK staff at HQ 1 hospital businesses, such as IHH. -
Always Be Ahead We Are Maxis
Integrated Annual Report 2019 Always Be Ahead We Are Maxis Maxis is the leading converged solutions company in Malaysia providing a variety of high quality digital services encompassing voice, data, and solutions. We are passionate about bringing together the best of technology to help people, businesses and the nation to Always Be Ahead in an evolving world. As digitalisation is changing the way we communicate and access services such as commerce, banking, and entertainment, we at Maxis, continue to innovate our products and services leveraging from our leading mobile offerings. Not only are we motivated to ensure our products are services, cybersecurity, cloud and IoT. These solutions are consumer-relevant and are of high quality, we are committed supported by an advanced core network with next-generation to deliver the best experience to our customers through a network support capabilities. We aim to be the preferred single point-of-contact. Through our range of worry-free, information and communication technology (ICT) partner flexible and personalised mobile and fixed connectivity as to help Malaysian businesses leverage on technology, as well as solutions, we are empowering our consumers to adapt they ride the wave of digitalization in their business growth and navigate their lifestyles in an increasingly digital world. acceleration. We believe in unlocking the full potential of fixed connectivity To ensure all our customers enjoy superior communication as well as Enterprises, as businesses look towards experiences, we are continuously investing in our network digitalization to improve and grow their businesses. Our and IT infrastructure to further boost speeds, coverage end-to-end Enterprise offerings built upon our strong and reliability. -
News Release MAYBANK INVESTMENT BANK
News Release MAYBANK INVESTMENT BANK AFFIRMS LEADERSHIP POSITION BY GARNERING SEVERAL MORE PRESTIGIOUS AWARDS - Maybank Investment Bank was named Best Debt House and was awarded the Best Islamic Equity, Best Local Currency Sukuk, Best Islamic Project Finance and Highly Commended Best Islamic Equity for its role in major deals. - Its analyst was recognised as Malaysia’s best. - Its offices in the Philippines, Thailand and Vietnam also netted the Best Retail Broker and Best Institutional Broker awards. Kuala Lumpur, 3 July 2013 – After clinching an array of awards from the 10th RAM Rating Services League Awards earlier this year, it appears that Maybank Investment Bank (“Maybank IB”) has more awards to add to its list of accomplishments. At the Asiamoney awards, Maybank IB was named the Best Debt House for 2013. The award was given based on internal research and recommendations from industry experts such as analysts and fund managers. Last year, Maybank IB’s Debt House had 37 Malaysian Ringgit (“RM”) denominated bond deals consisting of 176 issuances with a total deal value of RM23,396.20 million. It also holds a commanding 26.7% market share of the Malaysian bond market and a market-leading 29.4% market share of the Malaysian sukuk market for the period under review. By being client-focused and solutions-driven, Maybank IB was able to deliver unique debt solutions that pushed innovative boundaries and further deepened and broadened the Malaysian bond and sukuk market. Page 1 of 5 Among the many landmark transactions which Maybank IB had -
Outperform Rating for KLCCP Amid REIT Plans
Headline Outperform rating for KLCCP amid REIT plans MediaTitle New Straits Times Date 10 Apr 2013 Language English Circulation 136,530 Readership 330,000 Section Business Times Page No B1,2 ArticleSize 380 cm² Journalist N/A PR Value RM 37,050 Outperform rating for KLCCP amid REIT plans may listing: Potential RM15.4b assets, RM12b market cap expected to draw investors KUALA LUMPUR KUALA LUMPUR sued prior to the EGM, the company The sheer size of KLCC Prop erty Holdings Bhd's new unit, KLCCP Stapled Group, will stated its intention to pay out 95 per make it a stock that fund managers will want to hold, a research house said. cent of its 2013 distributable income, CIMB Research said fund man agers will not be able to ignore KL CCP Stapled's RM15.4 billion assets and over RM12 billion market cap in line with CIMB Research's fore erty Holdings Bhd's new unit, italisation. KLCCP Stapled is the country's first ever stapled real estate invest cast. KLCCP Stapled Group, will ment trust (REIT) and is due to be listed in early May. CIMB Research said investors make it a stock that fund managers should accumulate KLCC Property's The firm is not surprised by the shares upon requotation on the will want to hold, a research house stock exchange as a stapled group in early May. This is because KLCC shareholders' approval as investors Property will easily be Malaysia's said. largest REIT by asset value and market capitalisation with a had responded well to the proposal, portfolio size that is three times CIMB Research said fund man that of the current leader Sunway REIT. -
Strategy : Outlook 2021
Indonesia | Riset Retail | 23 November 2020 Review Dow Jones kemarin malam.. Jumat (20/11), indeks Dow Jones Industrial Average turun 219,75 poin atau 0,75%. Wall street ditutup melemah pada Jumat (20/11) karena investor khawatir dengan perkembangan stimulus fiskal AS yang tak jelas. Juga, kekhawatiran atas peluncuran vaksin corona yang berkepanjangan, dan semakin banyak penutupan di negara bagian AS untuk memerangi pandemi corona yang terus meningkat. -Kontan- Ideas of the day | Trendspotter Indeks Harga Saham Gabungan (IHSG) Resistance 2 5720 Resistance 1 5691 Support 1 5504 Support 2 5441 Saham ASII Saham MNCN Saham HMSP Resistance 2 : 5950 Resistance 2 : 1010 Resistance 2 : 1610 Resistance 1 : 5825 Resistance 1 : 975 Resistance 1 : 1570 Support 1 : 5625 Support 1 : 920 Support 1 : 1525 Support 2 : 5550 Support 2 : 900 Support 2 : 1485 Strategy : Outlook 2021 • Menstabilkan hasil obligasi dan visibilitas yang lebih besar dari ketersediaan vaksin akan memperkuat pemulihan ekonomi Indonesia memasuki tahun 2021. Penerapan Omnibus Law yang lebih cepat memberikan risiko yang menguntungkan. • Meskipun kasus dasar kami tetap di mana pertumbuhan dibatasi oleh konsumsi yang lemah dan berakhirnya pelonggaran skema restrukturisasi pinjaman pada 22 Maret, pasar dapat memilih untuk memproyeksikan hasil yang lebih optimis. • Pemulihan ekonomi masa lalu mendukung permainan infrastruktur dan properti. Hal ini dapat terjadi lagi karena adanya hambatan regulasi dan rebound dalam belanja infra pemerintah. Proksi obligasi adalah perdagangan favorit lainnya. Indonesia | Riset Retail | 23 November 2020 Commodities / Indices… Indices Currencies Global Commodities Most Actives Indonesia | Riset Retail | 23 November 2020 PT XL Axiata Tbk - Technical view Last price: 2300 Figure 1: Daily Timeframe Resistance 1 :2350 Support 1: 2290 Resistance 2 :2420 Support 2: 2250 Source: Bloomberg, CGS-CIMB RESEARCH EXCL di tutup stagnan di level 2300. -
Malaysian Invited Companies Company Name Country Robecosam Industry AMMB Holdings Bhd Malaysia BNK Banks Astro Malaysia Holdings
Malaysian invited companies Company_Name Country RobecoSAM_Industry AMMB Holdings Bhd Malaysia BNK Banks Astro Malaysia Holdings Bhd Malaysia PUB Media Axiata Group Bhd Malaysia TLS Telecommunication Services Batu Kawan Bhd Malaysia CHM Chemicals British American Tobacco Malaysia Bhd Malaysia TOB Tobacco Bumi Armada Bhd Malaysia OIE Energy Equipment & Services CIMB Group Holdings Bhd Malaysia BNK Banks Dialog Group Bhd Malaysia CON Construction & Engineering Digi.com Bhd Malaysia TLS Telecommunication Services Felda Global Ventures Holdings Bhd Malaysia FOA Food Products Gamuda Bhd Malaysia CON Construction & Engineering Genting Bhd Malaysia CNO Casinos & Gaming Genting Malaysia Bhd Malaysia CNO Casinos & Gaming Hong Leong Bank Bhd Malaysia BNK Banks Hong Leong Financial Group Bhd Malaysia BNK Banks IHH Healthcare Bhd Malaysia HEA Health Care Providers & Services IJM Corp Bhd Malaysia CON Construction & Engineering IOI Corp Bhd Malaysia FOA Food Products IOI Properties Group Bhd Malaysia REA Real Estate Kuala Lumpur Kepong Bhd Malaysia FOA Food Products Lafarge Malaysia Bhd Malaysia COM Construction Materials Malayan Banking Bhd Malaysia BNK Banks Malaysia Airports Holdings Bhd Malaysia TRA Transportation and Transportation Infrastructure Maxis Bhd Malaysia TLS Telecommunication Services MISC Bhd Malaysia TRA Transportation and Transportation Infrastructure Nestle Malaysia Bhd Malaysia FOA Food Products Petronas Chemicals Group Bhd Malaysia CHM Chemicals Petronas Dagangan BHD Malaysia OIX Oil & Gas Petronas Gas BHD Malaysia GAS Gas Utilities -
Financial Hegemony, Diversification Strategies and the Firm Value of Top 30 FTSE Companies in Malaysia
Asian Social Science; Vol. 12, No. 3; 2016 ISSN 1911-2017 E-ISSN 1911-2025 Published by Canadian Center of Science and Education Financial Hegemony, Diversification Strategies and the Firm Value of Top 30 FTSE Companies in Malaysia Wan Sallha Yusoff1, Mohd Fairuz Md. Salleh2, Azlina Ahmad2 & Norida Basnan2 1 School of Business Innovation and Technopreneurship, Universiti Malaysia Perlis, Malaysia 2 School of Accounting, Faculty of Economics and Management, Universiti Kebangsaan Malaysia, Malaysia Correspondence: Wan Sallha Yusoff, School of Business Innovation and Technopreneurship, Universiti Malaysia Perlis, Malaysia. E-mail: [email protected] Received: August 8, 2015 Accepted: January 18, 2016 Online Published: February 23, 2016 doi:10.5539/ass.v12n3p14 URL: http://dx.doi.org/10.5539/ass.v12n3p14 Abstract This study investigates the relationships between financial hegemony groups, global diversification strategies and firm value of the Malaysia’s 30 largest companies listed in FTSE Bursa Malaysia Index Series during 2009 to 2012 period. We chose Malaysia as an ideal setting because the findings contribute to the phenomenon of the diversification–performance relationship in the Southeast Asian countries. We apply hegemony stability theory to explain the importance of financial hegemony groups in deciding international locations for operations. By using panel data analysis, we find that financial hegemony groups are significantly important in international location decisions. Results reveal that the stability of financial hegemony in BRICS and G7 groups enhances the financial value of the Malaysia’s 30 largest companies, whereas the stability of financial hegemony in ASEAN groups is able to enhance the non-financial value of the firms. -
Hong Leong Bank Berhad
May 30, 2019 Global Markets Research Fixed Income Fixed Income Daily Market Snapshot UST US Treasuries Tenure Closing (%) Chg (bps) The US Treasuries ended mixed; having displayed initial 2-yr UST 2.15 0 strength as poor 7Y auction metrics dented closing levels. 5-yr UST 2.09 1 Overall benchmark yields ended between a mere -1 to +1bps 10-yr UST 2.26 0 with the curve exhibiting slight flattening-bias. Both the UST 2Y 30-yr UST 2.69 -1 and the much-watched 10Y closed within 1bps at 2.15% and 2.26%. UST 7Y auction of $32b drew an average of 2.144% on a BTC ratio of 2.30x (previous auction : 2.49x). Fears that an MGS GII* escalating US-China trade war will slash global economic Closing Tenure Closing (%) Chg (bps) Chg (bps) growth pulled world stock markets down to near 2.5-month low (%) yesterday and continued to fuel a rally in safe-haven govvies. 3-yr 3.41 0 3.44 -2 UST 10Y yields dropped to 20-month lows, having fallen almost 5-yr 3.57 0 3.62 0 30bps this month. Meanwhile Beijing has warned that they 7-yr 3.70 -2 3.75 0 could use rare earths to strike back at the US after Trump 10-yr 3.81 0 3.85 0 remarked he was "not yet ready" to make a deal with China over 15-yr 4.11 0 4.14 0 trade. Up next on the data front are the release of 1Q2019 GDP 20-yr 4.30 0 4.33 -1 figures tonight. -
Market Cap Gap Between Top Glove and Maybank Narrows to RM8
Headline Market cap gap between Top Glove and Maybank narrows to RM8 bil MediaTitle The Edge Date 28 Sep 2020 Language English Circulation 25,910 Readership 77,730 Section Corporate Page No 20,24 ArticleSize 606 cm² Journalist ARJUNA CHANDRAN PR Value RM 31,543 Market cap gap between Top Glove and Maybank narrows to RM8 bil BLOOMBERG BLOOMBERG BY ARJUNA CHANDRAN SHANKAR Market caps of top 10 KLCI component stocks Selldown in banking stocks (as at Sept 25) he market capitalisation of Market cap (RM bil) Malayan Banking Bhd has LAST PRICE (RM) P/B (TIMES) YTD CHANGE (%) Malayan Banking 79.59 NAME shrunk to below RM80 bil- AFFIN Bank 1.40 0.29 -26.3 lion, as the selldown of bank- Top Glove Corp Alliance Bank Malaysia 2.18 0.56 -17.1 ing stocks continued, further Tenaga Nasional -24.8 reducing the gap between the most AMMB Holdings 2.94 0.46 T Public Bank valuable company on the local stock BIMB Holdings 3.45 0.97 -21.6 Hartalega Holdings exchange and the next in line, Top CIMB Group Holdings 3.06 0.54 -40.6 IHH Healthcare Glove Corp Bhd. Maybank declined Hong Leong Bank 14.84 1.12 -14.2 0.14%, or one sen, to RM7.08 last Fri- Petronas Chemicals Group Hong Leong Financial Group 13.80 0.75 -18.3 day, valuing it at RM79.59 billion. A Maxis 0.97 -18.1 total of 4.51 million shares were trans- Malayan Banking 7.08 acted. On a year-to-date basis, the Sime Darby Plantation Public Bank 15,44 1.34 -20.6 counter has declined 18.1% (see table). -
IHH Healthcare
8 May 2018 Company Update HLIB Research PP 9484/12/2012 (031413) IHH Healthcare Sheikh Abdullah [email protected] Like a Bollywood feature film (603) 2083 1711 nd IHH has made several revised offers for a stake in Fortis (India’s 2 largest hospital chain). Its newly revised offer encompasses a binding (INR650 Crore) HOLD (Maintain) and non-binding (INR3350 Crore) portion at a price not exceeding INR175/share. This effectively values Fortis at 24x EV/EBITDA compared to IHH’s 19.4x Target Price: RM6.07 (FY18).We expect this offer will trigger a GO and net gearing to increase to Previously: RM6.07 0.14x-0.4x. Maintain Hold and a TP of RM6.07. Current Price: RM5.96 Capital upside 1.8% The proposal. Over the course of the past few weeks, IHH has made several revised Dividend yield 0.6% offers to the board of Fortis Healthcare expressing its interest in “participating in Fortis Expected total return 2.4% and its affiliates”. IHH’s initial non-binding offer was for INR4000 Crore (c.RM2.4bn) in totality for an equity portion of Fortis via a preferential issue and allotment of equity Sector coverage: Healthcare shares at INR160/share (c.RM9.42). This equity injection is for the immediate liquidity Company description: IHH runs a chain of requirements for working capital, short term funding requirement, the RHT (Religare hospitals in Malaysia, Singapore, Turkey, India and Healthcare Trust) buyout and infrastructure work. The offer price has since been China. revised however we understand that IHH’s absolute total value of the investment (INR4000 Crore) is fixed. -
ASEAN Asset Class Publicly Listed Companies 2019 (Score 97.50 Points and Above - by Alphabetical Order)
ASEAN Asset Class Publicly Listed Companies 2019 (score 97.50 points and above - by alphabetical order) NAME OF PUBLICLY LISTED COMPANY COUNTRY 1 2GO GROUP, INC. Philippines 2 ADVANCE INFO SERVICE PUBLIC COMPANY LIMITED Thailand 3 AIRPORTS OF THAILAND PUBLIC COMPANY LIMITED Thailand 4 ALLIANCE BANK MALAYSIA BHD Malaysia 5 ALLIANZ MALAYSIA BHD Malaysia 6 AMATA CORPORATION PUBLIC COMPANY LIMITED Thailand 7 AMMB HOLDINGS BHD Malaysia 8 ASTRO MALAYSIA HOLDINGS BERHAD Malaysia 9 AXIATA GROUP BERHAD Malaysia 10 AYALA CORPORATION Philippines 11 AYALA LAND, INC. Philippines 12 BANGCHAK CORPORATION PUBLIC COMPANY LIMITED Thailand 13 BANGKOK AVIATION FUEL SERVICES PUBLIC COMPANY LIMITED Thailand 14 BANK OF AYUDHYA PUBLIC COMPANY LIMITED Thailand 15 BANK OF THE PHILIPPINE ISLANDS Philippines 16 BDO UNIBANK, INC. Philippines 17 BELLE CORPORATION Philippines 18 BIMB HOLDINGS BHD Malaysia 19 BRITISH AMERICAN TOBACCO (MALAYSIA) BHD Malaysia 20 BURSA MALAYSIA BHD Malaysia 21 CAHYA MATA SARAWAK BHD Malaysia 22 CAPITALAND LIMITED Singapore 23 CENTRAL PATTANA PUBLIC COMPANY LIMITED Thailand 24 CHAROEN POKPHAND FOODS PUBLIC COMPANY LIMITED Thailand 25 CHINA BANKING CORPORATION Philippines 26 CIMB GROUP HOLDINGS BHD Malaysia 27 CITY DEVELOPMENTS LIMITED Singapore 28 COL PUBLIC COMPANY LIMITED Thailand 29 COMFORTDELGRO CORP LIMITED Singapore 30 DBS GROUP HOLDINGS LTD Singapore NAME OF PUBLICLY LISTED COMPANY COUNTRY 31 DIGI.COM BHD Malaysia 32 DMCI HOLDINGS, INC. Philippines 33 EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PCL. Thailand 34 ELECTRICITY GENERATING PUBLIC COMPANY LIMITED Thailand 35 FAR EAST ORCHARD LIMITED Singapore 36 FRASER AND NEAVE LIMITED Singapore 37 FRASERS PROPERTY LIMITED Singapore 38 GLOBAL POWER SYNERGY PUBLIC COMPANY LIMITED Thailand 39 GLOBE TELECOM, INC.