Check out the latest Takaful 2020 Annual Report at Bursa website.

If physical AGM is to be held In April/May, look forward to see like minded share owners to attend and touch base.

As stated in the latest BIMB circular, the various proposals including Scheme of Arrangement for warrants (SOA) are not Conditional upon each other, except 1) proposed distribution & capital repayment and 2) transfer of listing.

In the worst case scenario of SOA being unsuccessful, the other proposals can still proceed.

Takaful virtual AGM is happening this Thursday 930am. Great opportunity for shareholders to tune in and take part.

Glad to see a few young shareholders and proxies attending the AGM and asked intelligent questions.

The 29 acres Kapar land purchase will stand Johotin for the next leg of multi year expansion. A good buy should it comes to fruition.
The management is planning to consolidate all Selangor plants at the new site in stages. There are plans for the new dairy production lines.

Mexico plant’s commissioning is still impacted by Covid-19 pandemic travel restrictions. Progress is dependent on lifting of border closure. However once the plant is operational say next year, the venture should provide another leg of growth to Johotin’s bottom line. A big market for the Hispanic , and Asian community in North America.

About 20 shareholders and proxies attended yesterday’s AGM. Generally positive outlook going forward from the management. Almost back to pre MCO demand in terms or order. At the moment got 1.5 months of order backlog which is a good indicator. Ramping up production now.

I was there to listen to what the CEO had to say and don’t expect any door gifts. In fact corporate Malaysia should cease the practice of giving goodies and free food. By continuing with such culture, a company will be attracting the wrong kind of shareholders.

To launch enhanced version of click for cover mobile app in Q3 to enable insurance purchases. The current version of mobile app is for restricted to existing customers .

Basically sanguine about growth across all product lines, with bancassurance continue to power ahead

On Indonesian operation, management hope to turn it around in 2 years time

The key takeaways from today’s AGM is that growth trajectory and earnings visibility will continue in the short to medium term.

Yup, 10am tomorrow, 9 May. I will be going.

Got shareholders going to attend tomorrow’s AGM?