DOCSLIB.ORG

Resilience. Sustainable Growth. Petronas Chemicals Group Berhad Governance and Financial Report 2020

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Resilience. Sustainable Growth. Petronas Chemicals Group Berhad Governance and Financial Report 2020 PETRONAS CHEMICALS GROUP BERHAD CHEMICALS GROUP PETRONAS 199801003704 (459830-K) www.petronaschemicals.com Governance and Financial Report 2020 Governance and Financial Report PETRONAS Chemicals Group Berhad Tower 1, PETRONAS Twin Towers Kuala Lumpur City Centre 50088 Kuala Lumpur, Malaysia Tel : +603 2051 5000 Fax : +603 2051 3888 RESILIENCE. SUSTAINABLE GROWTH. PETRONAS CHEMICALS GROUP BERHAD GOVERNANCE AND FINANCIAL REPORT 2020 About this report We are proud to present PETRONAS Chemicals Group Berhad’s (PCG) combined Governance and Financial reporting publication. TABLE OF CONTENTS 2-58 Scope and Boundary RESPONSIBLE GOVERNANCE PCG’s Governance and Financial Report (GFR) 2020 reporting 2 Chairman’s Corporate Governance Overview scope covers the period from 1 January 2020 to 31 December 2020 unless otherwise stated. The boundary is limited to PCG 4 Board of Directors’ Profile and the principal activities of its subsidiaries, joint operation, 9 Management Committee Profile joint ventures and associates. 15 Corporate Governance Overview Statement 34 Nomination and Remuneration Committee Report Our GFR is to be read in conjunction with our Integrated Report 2020 (IR) and Corporate Governance Report (CG Report) which 37 Board Audit Committee Report are both accessible online at www.petronaschemicals.com 45 Board Risk Committee Report 47 Statement on Risk Management and Internal Control Disclosures The GFR presents a detailed report of how we apply the principles of the Malaysian Code on Corporate Governance 2017 (MCCG 2017). It includes expanded information of our Corporate Governance Overview Statement, Nomination and Remuneration Committee Report, Board Audit Committee Report, Board Risk Committee Report and Statement on Risk Management and Internal Control. 59-149 Our GFR also includes our Audited Financial Statements consisting of Directors’ Report, Financial Statements, Notes to the Financial FINANCIAL REPORT Statements and our Independent Auditors’ Report. The GFR 59 Approaching Our Financial Report provides detailed governance and financial disclosures to our shareholders, investors, analysts and other interested parties. 61 Statement of Directors’ Responsibility 62 Directors’ Report Reporting Framework 66 Statement by Directors This Governance reporting has been prepared in accordance 66 Statutory Declaration with the relevant requirements, guidelines and practices of the 67 Statements of Financial Position Main Market Listing Requirements (MMLR) of Bursa Malaysia Securities Berhad (Bursa Malaysia), MCCG 2017, Companies Act 68 Statements of Profit or Loss and Other 2016 (CA 2016) and Corporate Governance Guide (3rd Edition) Comprehensive Income by Bursa Malaysia Berhad, in addition to being benchmarked 69 Statements of Changes in Equity against the ASEAN Corporate Governance Scorecard. 72 Statements of Cash Flows Our Financial reporting has been prepared in accordance with 74 Notes to the Financial Statements the Malaysian Financial Reporting Standards (MFRS), International 146 Independent Auditors’ Report Financial Reporting Standards (IFRS), MMLR of Bursa Malaysia and CA 2016. Futher details of PETRONAS Chemicals Group Berhad can be found on www.petronaschemicals.com 2. GOVERNANCE AND FINANCIAL REPORT 2020 RESPONSIBLE GOVERNANCE CHAIRMAN’S CORPORATE GOVERNANCE OVERVIEW DEAR STAKEHOLDERS, The highest standards of corporate governance are critical for delivering consistent performance as well as to create sustainable value for all stakeholders. In determining the Company’s strategic priorities, we embrace principles of good governance, especially when devising enabling policies and efficient processes. We instil a sense of responsibility in our corporate culture, focussing on integrity and ethics to drive responsible growth. The year under review has been fraught with challenges. There is no question that the impacts from COVID-19 are unprecedented and are testing the resilience of countries and businesses. The crisis has fundamentally changed the way businesses operate globally. From the perspective of corporate governance, the situation has reinforced the critical role and leadership of the Board in steering not just immediate recovery efforts, but also the mid- to long-term strategies to adapt and grow in the post-COVID period. Akin to the year under review, 2021 will continue to be volatile and dynamic and our priority is to remain resilient and focus on achieving our growth objectives. Please rest assured that the Board will play a significant role through calculated interventions that will positively influence our long-term success, resilience and agility in a changed world. In other words, the Board’s oversight role will focus on continuing to build a resilient organisation while also laying the foundations for our future success. The Board’s responsibility to drive long-term value across a broader group of stakeholders, customers, society and shareholders, instilling a culture of continuous change and developing talent will drive transformation in a post-COVID world. The COVID-19 crisis has also substantially changed the manner the Board and Management undertake their respective affairs. Board meetings during the year under review were conducted online or virtually. The Company’s DATUK MD ARIF MAHMOOD / Chairman 22nd Annual General Meeting was successfully conducted virtually on 16 June 2020 in line with the Securities Commission’s Guidance Note on the Conduct of General Meetings for Listed Issuers issued on 18 April 2020. PETRONAS CHEMICALS GROUP BERHAD 3. CHAIRMAN’S CORPORATE GOVERNANCE OVERVIEW As a values-based organisation, we promote world-class business practices and robust institutional governance and risk frameworks, with strong emphasis on transparency, accountability, effective leadership, and sustainable performance. I am pleased to report that this Corporate Governance Overview Following the enforcement of corporate liability provision since Statement has been prepared in accordance with statutory 1 June 2020 which imposes corporate liability on companies for requirements, guidelines and practices and cover the following failure to prevent bribery and corruption, the Company conducted areas as required by the Malaysian Code on Corporate Governance a workshop in February 2020 to brief Directors on the adequate 2017 (MCCG 2017): procedures that had been put in place and to equip them with the required understanding of their liability and penalty imposed i) Board Leadership and Effectiveness for the offences under Section 17A of the MACC Act 2009. The ii) Effective Audit and Risk Management Board will continue to strengthen its procedures to ensure adequacy iii) Integrity in Corporate Reporting and Meaningful Relationship in preventing acts of corruption related to the organisation. with Stakeholders As at the date of this report, I am pleased to inform that the The Board’s governance oversight is guided by its strong commitment Corporate Governance Overview Statement, reports of the and well-defined responsibilities. They are guided by our governance Nomination and Remuneration Committee, Board Audit Committee, objectives which provide a mechanism to measure and evaluate Board Risk Committee and Statement on Risk Management and performance while applying the Principles and Practices of Internal Control have applied and complied with the relevant MCCG 2017. It is a conscious effort by the Board and Management provisions of the MMLR of Bursa Malaysia, the Companies Act at every level of the organisation to lead by example, embrace 2016, the MCCG 2017, the Corporate Governance Guide – 3rd corporate values, implement best practices and create an Edition issued by Bursa Malaysia Berhad. Our practices are also organisational culture that optimises performance, accountability benchmarked against the ASEAN Corporate Governance Scorecard. and contribution. The details of how PCG has applied the MCCG 2017 Principles, The Board embraces its diversity and leverages on the credentials complied with and adopted its practices are enumerated in our each of its members bring, to ensure effective stewardship of Corporate Governance Report 2020, which is accessible to the Management and steering of the Company to retain its competitive public on PCG’s corporate website, www.petronaschemicals.com. advantage. The Board continues to achieve a balance of skills, knowledge, experience and independent viewpoints through the In the year ahead, as the Company navigates through the pandemic, different perspectives of the Directors, all of which have provided the Board will remain fully committed to continue ensuring the valuable insights to the Board’s decision-making process. wellbeing of our employees and the safe as well as optimal operations of our global businesses across the value chain. The During the year under review, we strengthened our commitment Board will also ensure the sustainability of our business and towards doing business responsibly by enhancing our internal operations by aligning best practices, ethics and business integrity governance practices. We revised the cooling-off period for the into the strategies and operations of the Group. appointment of Independent Director and specific person including an existing or former officer, adviser or transacting party of PCG or its related corporation, following amendments to the MMLR of Bursa Malaysia. DATUK MD ARIF MAHMOOD The Board also appointed Datuk Toh Ah Wah as Senior Independent Chairman Director in line with best practice recommended by the ASEAN CG
Load more

Recommended publications
  • 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.
    [Show full text]
  • Interim Report
    MANULIFE INVESTMENT SYARIAH INDEX 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 Shariah Adviser’s Report 12 7 Statement Of Comprehensive Income 13 8 Statement Of Financial Position 14 9 Statement Of Changes In Equity 15 10 Statement Of Cash Flows 16 11 Summary Of Signicant Accounting Policies 17 12 Notes To The Financial Statements 22 13 Corporate Information 38 MANULIFE INVESTMENT SYARIAH INDEX FUND 1 GENERAL INFORMATION 1.1 THE TRUST The Fund commenced operations on 4 January 2002 and will continue its operations until terminated as provided under Clause 12 of the Deed. 1.2 FUND TYPE / CATEGORY Index Tracking / Equity Index (Islamic) 1.3 BASE CURRENCY Ringgit Malaysia (RM) 1.4 OBJECTIVE OF THE FUND The Fund is an Islamic equity index-tracking fund. Its primary investment objective is to track the performance of the FTSE Bursa Malaysia Emas Shariah Index (FBMSHA). The Fund also aims to generate annual distribution. Note: Any material change to the Fund’s investment objective would require Unit Holders’ approval. 1.5 DISTRIBUTION POLICY Income distribution (if any) is annually. 1.6 PERFORMANCE BENCHMARK The performance of the Fund is measured against the FTSE Bursa Malaysia EMAS Shariah Index (FBMSHA) (obtainable via Bursa Malaysia’s website: www.bursamalaysia.com). 1.7 CHARACTERISTIC AND GENERAL COMPOSITION OF THE FBMSHA The FBMSHA comprises constituents of the FTSE Bursa Malaysia EMAS Index (FBMEMAS) that are Shariah-compliant according to the Securities Commission's SAC (Shariah Advisory Council) screening methodology and FTSE’s screens of free oat, liquidity and inevitability.
    [Show full text]
  • ENRA Group Berhad Annual Report 2018
    MOVING FORWARD ON A STRONG FOUNDATION ANNUAL REPORT 2018 COVER RATIONALE The runner on an uphill slope captures our commitment, persistence and perseverance to accelerate growth and succeed in a challenging environment. VISION Through shared values, innovation and technology, ENRA will enable its people to create sustainable enterprise value in a manner that is responsible to its stakeholders, community and environment. SHARED VALUES Ethical To make decisions that promote goodness and avoid harm Noble To behave in a manner that is respectful to others Reliable To keep and deliver promises that have been made Accountable To take ownership of all outcomes and never passing blame WHAT’S INSIDE 03 Corporate Information CHAIRMAN’S 04 Corporate Structure MESSAGE 05 Five-Year Financial Highlights 06 Chairman’s Message 07 Board of Directors’ Profile 06 15 Key Senior Management Profile 18 Management Discussion and Analysis 25 Corporate Governance Overview Statement 30 Sustainability Statement MANAGEMENT 34 Audit and Risk Management Committee Report DISCUSSION 37 Statement on Risk Management and AND ANALYSIS Internal Control 43 Additional Compliance Information 18 44 Directors’ Responsibility Statement 45 Financial Statements 135 Properties owned by ENRA Group 136 Analysis of Shareholdings FINANCIAL 139 Notice of Annual General Meeting 143 Statement accompanying Notice of STATEMENTS 26th Annual General Meeting Form of Proxy 45 ANNUAL The Twenty-Sixth (26th) Annual General Meeting of ENRA Group Berhad will be held at Dewan Berjaya, Bukit GENERAL Kiara Equestrian & Country Resort, Jalan Bukit Kiara, Off MEETING Jalan Damansara, 60000 Kuala Lumpur on Thursday, 13 September 2018 at 10:00 a.m. 3 CORPORATE INFORMATION BOARD OF DIRECTORS COMPANY SECRETARY Datuk Ali bin Abdul Kadir Cheong Lisa Independent Non-Executive Chairman MAICSA 7009457 Tan Sri Dato’ Kamaluddin bin Abdullah Executive Deputy Chairman SHARE REGISTRAR Dato’ Mazlin bin Md Junid Bina Management (M) Sdn.
    [Show full text]
  • Ac 2021 61.Pdf
    Accounting 7 (2021) 1033–1048 Contents lists available at GrowingScience Accounting homepage: www.GrowingScience.com/ac/ac.html Can investors benefit from corporate social responsibility and portfolio model during the Covid19 pandemic? Ternence T. J. Tana* and Baliira Kalyebarab aFaculty of Business, Economics and Social Development, University of Malaysia Terengganu, Kuala Nerus, Terengganu, Malaysia bDepartment of Accounting and Finance, School of Business, American University of Ras Al Khaimah, United Arab Emirates C H R O N I C L E A B S T R A C T Article history: Since late 2019 and throughout 2020, the global economy has been experiencing difficult times due Received: November 15, 2020 to the outbreak of the lethal Coronavirus (COVID-19). This study looks at the financial impact of Received in revised format: this epidemic on the global economy using Malaysian market index i.e., FTSE Bursa Malaysia KLCI January 28 2021 before and during COVID-19. Measuring the financial impact of this epidemic on the Malaysia Accepted: March 2, 2021 Available online: economy may help policy makers to develop measures to avert similar financial catastrophic impacts March 2, 2021 on the global economy. The study uses Sharpe optimal and naïve diversification model to solve a scenario that factors in the level of corporate social responsibility (CSR) exhibited before and during Keywords: Corporate Social Responsibility the epidemic to measure the financial impact on the stock portfolio. The results show that the Naïve Diversification emergence of COVID-19exacerbated the already weak Malaysian economy. Our findings may help Optimal Portfolio the policy makers in Malaysia to develop and maintain techniques and policies that may mitigate the Sharpe Ratio negative financial impact and handle similar epidemics in the future.
    [Show full text]
  • Cadenza Document
    CLOSING PRICE FOR ALL LISTED SECURITIES AS AT 31 DECEMBER 2020 Stock Stock Name Stock Long Name Board Sector Closing Code Price (RM) 0001 SCOMNET SUPERCOMNET TECHNOLOGIES BHD ACE MARKET INDUSTRIAL PRODUCTS & SERVICES 1.850 0001WA SCOMNET-WA SUPERCOMNET TECHNOLOGIES BERHAD ACE MARKET INDUSTRIAL PRODUCTS & SERVICES 1.160 2019/2024 0002 KOTRA KOTRA INDUSTRIES BHD MAIN MARKET HEALTH CARE 2.990 0005 UCREST UCREST BERHAD ACE MARKET TECHNOLOGY 0.155 0006 PINEAPP PINEAPPLE RESOURCES BHD ACE MARKET TECHNOLOGY 0.510 0007 PUC PUC BERHAD ACE MARKET TELECOMMUNICATIONS & MEDIA 0.160 0007WA PUC-WA PUC BERHAD - WARRANTS A ACE MARKET TELECOMMUNICATIONS & MEDIA 0.135 0008 WILLOW WILLOWGLEN MSC BHD MAIN MARKET TECHNOLOGY 0.445 0010 IRIS IRIS CORPORATION BHD ACE MARKET TECHNOLOGY 0.435 0011 BTECH BRITE-TECH BHD ACE MARKET UTILITIES 0.510 0012 3A THREE-A RESOURCES BHD MAIN MARKET CONSUMER PRODUCTS & SERVICES 0.845 0017 M3TECH M3 TECHNOLOGIES(ASIA)BHD ACE MARKET TELECOMMUNICATIONS & MEDIA 0.065 0018 LAMBO LAMBO GROUP BERHAD ACE MARKET TECHNOLOGY 0.030 0018WB LAMBO-WB LAMBO GROUP BERHAD - WARRANTS 2019/2024 ACE MARKET TECHNOLOGY 0.020 0020 NETX NETX HOLDINGS BHD ACE MARKET TECHNOLOGY 0.135 0020WC NETX-WC NETX HOLDINGS BERHAD - WARRANTS C ACE MARKET TECHNOLOGY 0.040 2020/2023 0021 GHLSYS GHL SYSTEMS BHD MAIN MARKET TECHNOLOGY 1.900 0021CB GHLSYS-CB GHLSYS-CB: CW GHL SYSTEMS BERHAD (MIBB) STRCWARR TECHNOLOGY 0.170 0021CC GHLSYS-CC GHLSYS-CC: CW GHL SYSTEMS BERHAD (KIBB) STRCWARR TECHNOLOGY 0.185 0022 PARLO PARLO BERHAD ACE MARKET CONSUMER PRODUCTS & SERVICES
    [Show full text]
  • Notification to Shareholders of Misc Berhad Receipt Of
    THIS NOTIFICATION IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you have sold or transferred all your shares in MISC Berhad (“MISC”), you should hand over this Notification to the person throughTHIS whom NOTIFICATION you effected the IS sale IMPORTANT or transfe r,AND for delivery REQUIRES to the YOUR purchaser IMMEDIATE or transferee. ATTENTION BursaIf you Malaysia have sold Securities or transferred Berhad all hasyour not shares perused in MISC the contentBerhad s(“ ofMISC this”), Notification you should prior hand to over its issuance this Notifica andtion hence, to the takesperson no through responsibility whom youfor effectedthe contents the sale of or this transfe Notificar, for tion,delivery makes to the no purchaser representation or transferee. as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance uponBursa the Malaysia whole or Securitiesany part of Berhad the contents has not of perusedthis Notification. the content s of this Notification prior to its issuance and hence, takes no responsibility for the contents of this Notification, makes no representation as to its accuracy or THIScompleteness NOTIFICATION and expressly IS FOR YOUR disclaims INFORMATION any liability ONwhatsoeverLY. NO ACTIONfor any lossIS REQUIRED howsoever TO arising BE TAKEN from or. in reliance upon the whole or any part of the contents of this Notification. THIS NOTIFICATION IS FOR YOUR INFORMATION ON LY. NO ACTION IS REQUIRED TO BE TAKEN. (Company No. 8178-H) (Incorporated
    [Show full text]
  • Working Paper No. 555
    Working Paper No. 555 Financial Stability: The Significance and Distinctiveness of Islamic Banking in Malaysia by Ewa Karwowski Economics Department, School of Oriental and African Studies University of London [email protected] January 2009 The Levy Economics Institute Working Paper Collection presents research in progress by Levy Institute scholars and conference participants. The purpose of the series is to disseminate ideas to and elicit comments from academics and professionals. The Levy Economics Institute of Bard College, founded in 1986, is a nonprofit, nonpartisan, independently funded research organization devoted to public service. Through scholarship and economic research it generates viable, effective public policy responses to important economic problems that profoundly affect the quality of life in the United States and abroad. The Levy Economics Institute P.O. Box 5000 Annandale-on-Hudson, NY 12504-5000 http://www.levy.org Copyright © The Levy Economics Institute 2009 All rights reserved. ABSTRACT This paper explores the significance of Islamic banking in Malaysia for stability in the country’s economy as a whole. Neither conventional theory nor Islamic economics puts forward a systematic explanation of financial intermediation; consequently, neither is capable of identifying destabilizing elements in the system. Instead, a flow- of-funds approach similar to Minsky’s own is applied to the (post-) modern consumption-led) business cycle and financial (and asset) market. Malaysia’s structural current account surplus contributes to the overcapitalization of domestic firms. This in turn finances a financial (as opposed to an industrial), consumption- led (instead of investment-led) business cycle, where banking favors destabilizing asset price inflation. Islamic banks operating interdependently with conventional ones contribute to economic destabilization channeling surplus funds from the corporate to the household sector.
    [Show full text]
  • CFD Weekly - 23 Aug 2021
    CFD Weekly - 23 Aug 2021 Brought to you by Phillip Futures Sdn Bhd (362533-U) (A member of PhillipCapital) Market Commentary Financial Insights Malaysia Top 10 Active Msia CFD Counters The FBM KLCI bucked regional trend and ended marginally higher on Friday, despite Counters CFD Code Close % Chg Vol. Malaysia posting another day of record high Covid-19 cases, as domestic political MY E.G. SERVICES BHD MYEG.MY 1.740 -4.0 36,708,000 uncertainties were tempered by the anticipated appointment of a new prime minister. The SERBA DINAMIK HOLDINGS BHD SDH.MY 0.410 -2.0 36,402,600 benchmark index closed at 1,518.03. DATASONIC GROUP BERHAD DSON.MY 0.490 1.0 12,822,700 PUBLIC BANK BHD PBK.MY 3.920 0.0 11,463,100 Global Economy China's tech stocks slumped to new lows on Friday as an unrelenting series of Chinese CIMB GROUP HOLDINGS BHD CIMB.MY 4.640 1.0 8,666,100 regulatory crackdowns crushed investors' confidence. MALAYSIAN RESOURCES CORP MRC.MY 0.390 - 7,570,900 BUMI ARMADA BHD BAB.MY 0.400 - 5,787,000 Hong Kong’s benchmark stock index entered a technical bear market, amid a deepening GENTING MALAYSIA BHD GTMS.MY 2.780 1.0 5,653,200 rout triggered by investor concerns over China’s regulatory crackdown across a swathe of SUPERMAX CORPORATION BHD SUM.MY 3.090 0.0 5,374,500 industries. The Hang Seng Index fell 1.8% on Friday, taking losses from its recent Feb. 17 SIME DARBY PLANTATION BHD SDPT.MY 3.920 3.0 5,060,800 peak to more than 20%.
    [Show full text]
  • Ex Japan (18March08).Xlsm
    iTraxx® Asia ex-Japan IG Series Number 9 Fixed Rate Roll Date: 20th March 2008 Where Scheduled Termination Date is 20th June 2013 2.50% Version 1, published 17th March 2008 www.markit.com REFERENCE OBLIGATION Asian Reference Entity Reference Singapore Reference Reference Entity Reference Entity ISIN Maturity Coupon (excluding Singapore Country CLIP EntityWeighting Entity ( Yes/No) Sovereign (Yes/No) Reference Entity) (Yes/No) BANK OF CHINA LIMITED US061194AB21 15-Mar-14 8.250% 2.00% Yes No No CHINA YZ4CAGAA7 China Development Bank US16937MAB19 8-Oct-14 4.750% 2.00% Yes No No CHINA 17FCATAA5 CNOOC LIMITED USU17469AA25 8-Mar-12 6.375% 2.00% Yes No No CHINA 1D8745AA0 People's Republic of China US712219AJ30 29-Oct-13 4.750% 2.00% Yes No Yes CHINA 7I343AAC1 THE EXPORT-IMPORT BANK OF CHINA USY23862AD09 21-Jul-15 4.875% 2.00% Yes No No CHINA Y05BE8AA9 Hutchison Whampoa Limited USG4672CAB12 24-Jan-14 6.250% 2.00% Yes No No HONG KONG 48CC56AC5 MTR CORPORATION LIMITED XS0184198157 21-Jan-14 4.750% 2.00% Yes No No HONG KONG 5A8ADEAC2 PCCW-HKT TELEPHONE LIMITED US69319CAA27 15-Nov-11 8.000% 2.00% Yes No No HONG KONG Y4E82RAA9 Sun Hung Kai Properties Limited XS0290534212 8-Mar-17 5.375% 2.00% Yes No No HONG KONG Swire Pacific Limited XS0247747081 30-Mar-16 5.625% 2.00% Yes No No HONG KONG THE HONGKONG LAND COMPANY, LIMITED US43858PAA57 3-May-11 7.000% 2.00% Yes No No HONG KONG 47BDDAAA2 Bank of India XS0230630187 4-Oct-10 5.375% 2.00% Yes No No INDIA YY6FDDAA5 Export-Import Bank of India XS0196273907 14-Jul-09 5.375% 2.00% Yes No No INDIA ICICI Bank Limited USY38575CX58 16-Nov-10 5.750% 2.00% Yes No No INDIA Y1BDCCAB7 INDUSTRIAL DEVELOPMENT BANK OF INDIA LIMITED XS0208561141 23-Dec-09 5.125% 2.00% Yes No No INDIA Y5C96HAB2 RELIANCE INDUSTRIES LIMITED US759470AC16 24-Jun-16 10.375% 2.00% Yes No No INDIA 7CEDB7AA4 State Bank of India XS0247117228 10-Mar-11 Float 2.00% Yes No No INDIA GENTING BHD.
    [Show full text]
  • MISC Berhad OUTPERFORM ↔ Price : RM6.77 Weaker Core Earnings in 1QFY21 Target Price : RM8.10 ↔ by Steven Chan / [email protected]
    Results Note 07 May 2021 MISC Berhad OUTPERFORM ↔ Price : RM6.77 Weaker Core Earnings in 1QFY21 Target Price : RM8.10 ↔ By Steven Chan / [email protected] Weaker 1QFY21 is within expectations, dragged by hugely Share Price Performance lower spot tanker freight rates coupled with steep losses in its heavy engineering segment. Moving forward, spot tanker rates still remain sluggish, although we are mildly sanguine 7.80 of a slightly stronger 2HFY21 given the increase in oil productions globally, led by OPEC+. Maintain OP and TP of 7.30 RM8.10, backed by stable dividends of ~5% yields. 6.80 1QFY21 within expectations. 1QFY21 core net profit of RM454m (arrived after adjusting for non-core items e.g. impairments) is deemed 6.30 to be within expectations, coming in at 21% of our, and 24% of consensus, full-year forecast. The interim dividend of 7.0 sen per share 5.80 is also within expectations. Weaker earnings. YoY, 1QFY21 core net profit plunged 45% amidst: KLCI 1,578.33 (i) huge drop in spot tanker freight rates, dragging the group’s YTD KLCI chg -3.0% petroleum shipping segment, and (ii) steep losses in its heavy YTD stock price chg -1.5% engineering segment from higher project cost provisions given delayed offshore commissioning works, leading to push-back in completion Stock Information target dates for ongoing projects. Nonetheless, the weaker earnings Shariah Compliant Yes were slightly offset by stronger offshore segment, as a result of finance Bloomberg Ticker MISC MK Equity lease construction gains from the Mero-3 FPSO.
    [Show full text]
  • Trading Market Trends with Intermarket Analysis and Etfs 12 March 2017 Overview
    Trading Market Trends with Intermarket Analysis and ETFs 12 March 2017 Overview 1. Factors to consider when choosing ETFs 2. ETF liquidity – Traded Liquidity vs Implied Liquidity 3. Different types of ETFs 4. Putting it all together – how to start using ETFs in your portfolio 5. Business cycle and asset class rotation 6. Using market carpets to spot market trends 7. Market trends involving various asset classes Factors to consider when evaluating ETFs Key factors for consideration 1. Underlying index tracked by the ETF 2. Replication method 3. Management fees / Expense ratio 4. Tracking error / tracking difference 1. Underlying index tracked by the ETF The MOST IMPORTANT factor driving the performance of the ETF! Source: Aminvest, as of 28 February 2017. Any securities mentioned herein are for illustration purposes only and should not be construed as a recommendation for investment. 1. Underlying index tracked by the ETF The underlying index tracked by the ETF provides you a good idea of what are you investing in! Source: CIMB Principal Asset Management, as of 28 February 2017. Any securities mentioned herein are for illustration purposes only and should not be construed as a recommendation for investment. 1. Underlying index tracked by the ETF The underlying index tracked by the ETF provides you a good idea of what are you investing in! CIMB FTSE China 50 ETF Source: CIMB Principal Asset Management, as of 28 February 2017. Any securities mentioned herein are for illustration purposes only and should not be construed as a recommendation for investment. 2. Replication Method (Physical replication) The replication method gives you an idea how the ETF tracks the underlying index.
    [Show full text]
  • Secretariat for NACRA 2001 Organising Committee
    NATIONAL ANNUAL CORPORATE REPORT AWARDS Secretariat for NACRA 2018 Organising Committee Malaysian Institute of Accountants Dewan Akauntan, Unit 33-01, Level 33, Tower A, The Vertical, Avenue 3, Bangsar South City, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur [Phone] + 60 3 2722 9000 [Fax] + 60 3 2722 9100 [Email] [email protected] [Web] http://www.mia.org.my LIST OF WINNERS FOR NACRA 2018 OVERALL EXCELLENCE AWARDS MOST OUTSTANDING ANNUAL REPORT OF THE YEAR PLATINUM CIMB GROUP HOLDINGS BERHAD GOLD PETRONAS GAS BERHAD SILVER TELEKOM MALAYSIA BERHAD INDUSTRY EXCELLENCE AWARDS – MAIN MARKET CONSUMER PRODUCTS NESTLE (MALAYSIA) BERHAD INDUSTRIAL PRODUCTS & TECHNOLOGY PETRONAS GAS BERHAD TRADING & SERVICES TELEKOM MALAYSIA BERHAD FINANCE CIMB GROUP HOLDINGS BERHAD CONSTRUCTION & INFRASTRUCTURE GAMUDA BERHAD PROJECT COMPANIES PROPERTIES & HOTELS OSK HOLDINGS BERHAD PLANTATIONS & MINING FGV HOLDINGS BERHAD REAL ESTATE INVESTMENT TRUSTS (REITS) KLCC PROPERTY HOLDINGS BERHAD & KLCC & INVESTMENT FUNDS REITS PRESENTATION AWARDS BEST ANNUAL REPORT IN BAHASA MALAYSIA PLATINUM RHB BANK BERHAD GOLD TELEKOM MALAYSIA BERHAD SILVER PUBLIC BANK BERHAD BEST DESIGNED ANNUAL REPORT PLATINUM PETRONAS GAS BERHAD GOLD CIMB GROUP HOLDINGS BERHAD SILVER RHB BANK BERHAD JOINTLY ORGANISED BY: NATIONAL ANNUAL CORPORATE REPORT AWARDS Secretariat for NACRA 2018 Organising Committee Malaysian Institute of Accountants Dewan Akauntan, Unit 33-01, Level 33, Tower A, The Vertical, Avenue 3, Bangsar South City, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur [Phone] + 60 3 2722 9000
    [Show full text]