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2 months ago | Report Abuse
Aug 14): Norway’s Government Pension Fund Global (GPFG) raised its equity investment in Malaysia in June from the end of 2023 as the world’s largest sovereign wealth fund grew in asset size and returns.
The fund also known as Norway’s Oil Fund has 214 Malaysian stocks worth US$2.32 billion (RM10.26 billion) in its portfolio by the end of June, according to its half-yearly disclosure. That compares with 180 companies worth US$2.05 billion on its books at the end of December.
GPFG also has US$178 million worth of Malaysian government bonds, but does not have any investments in real estate or renewable energy infrastructure in the country.
Globally, GPFG generated a 12% return from equity investments but suffered losses of 1% from fixed income, 1% from unlisted real estate and 18% from renewable energy infrastructure.
"The equity investments gave a very strong return in the first half of the year,” said Nicolai Tangen, the chief executive of Norges Bank Investment Management that manages GPFG. “The result was mainly driven by the technology stocks, due to increased demand for new solutions in artificial intelligence.”
Malaysia nevertheless accounted for only 0.1% of all its global investment valued at US$1.55 trillion.
In Malaysia, new investment by GPFG included oil-and-gas services firm Keyfield International Bhd (KL:KEYFIELD), JCY International Bhd (KL:JCY) that makes components for computer storage and telecom services firm OCK Group Bhd (KL:OCK).
GPFG however dumped electronic services firm Kobay Technology Bhd (KL:KOBAY), speaker manufacturer Formosa Prosonic Industries Bhd (KL:FPI) and hypermarket operator Aeon Co M Bhd (KL:AEON), among others.
In terms of sectors, GPFG’s exposure is the highest in financials followed by industrial and technology. The fund raised its investment sum the most in real estate by 93%, energy by 79% and consumer staples by 43%.
The fund’s top three holdings in Malaysia by market value were CIMB Group Holdings Bhd (KL:CIMB), Malayan Banking Bhd (KL:MAYBANK) and Public Bank Bhd (KL:PBBANK).
2023-11-02 17:44 | Report Abuse
And yet stock price not reflecting annual report profit. Haha
2023-10-23 10:59 | Report Abuse
Gonna hold till FYE report this week
2023-09-25 15:12 | Report Abuse
Collecting ar 0.295. If wanna buy better buy now. Current price too cheap for good FA counter
2023-09-20 09:59 | Report Abuse
Just hold only. Mine just 70 lots so cost just less than 2k. I don’t think it will drop further than ipo price.
2023-09-19 15:47 | Report Abuse
Should hold la this kind of stock. Not just short it. Hold at least 6 months
2023-09-18 15:36 | Report Abuse
Sell few lots to get capital and leave the rest
2023-09-15 16:34 | Report Abuse
Bursa anywhere can see already mersec
2023-09-15 16:30 | Report Abuse
Can use calculator from isaham to estimate your profit/loss
https://www.isaham.my/calculators
2023-09-15 15:25 | Report Abuse
Only got 70 lots out of 500 lots applied. Ok la better than nothing. If can open 0.7 above enough already. Haha
2023-09-15 11:38 | Report Abuse
@BryanW your mersec allocation will be appeared one day before listing day or around 8am on listing day.
2022-03-31 19:38 | Report Abuse
Volume really big but price not up so much. Accumulation period before fly
2022-03-03 15:11 | Report Abuse
Some bilis takes profits first. Jerung still inside. Can see little volume only today
2022-02-23 16:38 | Report Abuse
Those who’s new in dnex, do remember that foxconn is substantial shareholder of dnex. So you all can guest dnex destination in the future. Huattt
2022-01-24 22:28 | Report Abuse
Expected would be around 1.50. No one know when public offering for ipo.
2022-01-18 22:51 | Report Abuse
Damn. This 1.40pm announcement counter still kicking. After vaccine and now 5G? Haha
2021-02-25 23:47 | Report Abuse
Reason robin sold his stakes via married deal in order to furnish the performance bond valued at 12.9 millions ringgit to KDN. Total shares he sold worth 13 millions ringgit.
2020-12-12 18:40 | Report Abuse
Avoiding people burn money? Haha. Almost cum myself.
2020-12-11 23:54 | Report Abuse
I don’t think operator pressing down lol. Volume less than 20k traded today. What kinda operator is that? Ikan bilis punya operator or anak berudu punya operator? Haha
2020-12-08 13:32 | Report Abuse
Lol. Many jokers here. Sold long time ago or just sell kanger today and yet still linger in this forum.
2020-12-07 23:20 | Report Abuse
you forgot the subdivision of shares announcement for RCN
2020-12-07 23:03 | Report Abuse
supposedly left around 7 millions shares but as they converted the RCN so 3rd and final tranche will be around 10 millions shares left.
2020-12-06 13:50 | Report Abuse
Old news. Share for what
2020-11-30 18:30 | Report Abuse
qr loss sure tomorrow fly. haha
2020-11-28 17:25 | Report Abuse
https://www.facebook.com/578835322140360/posts/3875194689171057/?d=n
Agreement with pfizer will be voided if they fail to register with fda
2020-11-27 18:36 | Report Abuse
Pfizer and covax only for 30% population meanwhile another 40% will be from china
2020-11-27 14:24 | Report Abuse
Haha. If lousy stock just sell your share and all in at other counters. Easy just like that.
2020-11-26 17:57 | Report Abuse
Lol. Got people think pp holder=intraday traders. Haha. Damn so funny. Why in the god’s name proposed for pp if wanna sell just like retailers up 1-2 cent then sell. Some of you better go study what’s pp, how many percent allowed, how it calculated, how much discounts allowed after 5days vwap price, how they calculate tranches, how to know whether pp completed or not.
2020-11-26 17:04 | Report Abuse
Pp not even complete yet. Too many dumb and stupid so called master claimed pp already completed and been disposed. Please don’t spurt nonsense here
2020-11-25 15:22 | Report Abuse
They already planned half of the pp goes to healthcare. Please read the private placement details
2020-11-24 19:46 | Report Abuse
Not yet finish. Still gor 200 millions shares remaining
2020-11-24 17:28 | Report Abuse
Because it’s private placement private placement private placement. Wait till all tranche finish subscribe by investor first
2020-11-24 08:03 | Report Abuse
Even many good news, you cannot fight sharks as they will press the price from going up due to pp
2020-11-23 20:36 | Report Abuse
Funny things are many people who sold or didn’t own any kanger share wasting their time writing comment asked others to leave kanger. Seriously I don’t get it.
2020-11-23 20:12 | Report Abuse
Hopefully top glove shark go to kanger. Haha
2020-11-23 19:36 | Report Abuse
Cnnboy always come to spread negative news.
2020-11-23 17:19 | Report Abuse
Anyone know how many tranche left till pp complete?
Stock: [MRCB]: MALAYSIAN RESOURCES CORPORATION BERHAD
1 month ago | Report Abuse
This article first appeared in The Edge Malaysia Weekly on March 18, 2024 - March 24, 2024
THREE consortia’s concept proposals for the Kuala Lumpur-Singapore high-speed rail (HSR) are believed to have been shortlisted for the multibillion-ringgit mega infrastructure project.
According to sources privy to the matter, the three consortia are YTL Construction Sdn Bhd-SIPP Rail Sdn Bhd, Malaysian Resources Corp Bhd-IJM Construction Sdn Bhd-Berjaya Rail Sdn Bhd-Keretapi Tanah Melayu Bhd (MRCB-IJM-BRail-KTMB) and a Chinese consortium said to be led by state-owned China Railway Construction.
However, it is believed that only the Chinese consortium has the financial muscle to undertake the project via private funding. The HSR was estimated to cost RM72 billion when the project was being developed between 2015 and 2020, but this could have significantly escalated.
“It is likely that the Chinese consortium will get the project if the government is adamant about having it privately funded. But the government may require the Chinese to take on a bumiputera partner,” says one of the sources.
If the MRCB-IJM-BRail-KTMB consortium’s proposal is chosen, the Employees Provident Fund (EPF) would end up having the biggest exposure to the KL-Singapore HSR. That is because EPF is the largest shareholder of both MRCB and IJM with 36.21% and 17.62% equity interest respectively. It is also a substantial shareholder of YTL Corp Bhd (which wholly owns YTL Construction) with a 5% stake.