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Equities / Re: What's interesting today
« Last post by ahbah on Today at 01:51:26 PM »
For the first half year ended 30 June 2017, the Public Bank Group’s pre-tax profit increased to RM3.37 billion, up 5.1% from the corresponding period in 2016.

Over the same period, net profit attributable to shareholders increased by 3.8% to RM2.58 billion.

On its quarterly performance, the Group’s net profit for the second quarter of 2017 of RM1.33 billion represents a 6.0% growth as compared to the second quarter of 2016.
 :thumbsup: :thumbsup: :thumbsup: :handshake: :handshake: :handshake: :cash: :cash: :cash:
« Last post by king on Today at 01:50:02 PM »

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GLICs control 68,000 companies and 42% of Bursa Malaysia
FMT Reporters | July 25, 2017
Academic warns that the ministry of finance has become the most powerful player in the Malaysian economy, and that state intervention, and politics, greatly impact the economy.
Edmund-Terence-Gomez-pnb-1KUALA LUMPUR: Government-linked companies (GLCs) are today the key players in the economy, with the Ministry of Finance as the super entity in the economy, according to an academic.
This, said Universiti Malaya’s Prof Edmund Terence Gomez, an expert on corporate Malaysia and politics, had resulted in an “unprecedented concentration of power in the executive”.
By 2013, he said, seven of the top 10 companies were GLCs, which also made half of the top 30.
“What we are seeing here are dynamic firms (GLCs) maintaining their performance as the top companies in the country,” The Edge quoted Gomez as saying at a lecture at Monash University Malaysia in Bandar Sunway.
Gomez’s research shows that just seven government-linked investment companies (GLICs), control over 68,000 companies directly and indirectly with minority interest.
The seven GLICs analysed by Gomez’s team are Minister of Finance Inc, Permodalan Nasional Bhd, Khazanah Nasional Bhd, Kumpulan Wang Persaraan (KWAP), the Employees Provident Fund (EPF), Lembaga Tabung Haji and Lembaga Tabung Angkatan Tentera.
“The seven GLICs control important companies in the economy. They have majority ownership of 35 public-listed companies and in terms of market capitalisation, they control about 42% of the entire Bursa Malaysia,” Gomez was quoted as saying by The Edge.
He said this was of concern because there was “extreme concentration of power” in Minister of Finance Inc.
Gomez noted that the nature of corporate control was different under the different prime ministers.

“The nexus between state and business is under constant transition. Under (second prime minister) Razak (Hussein), it was about public enterprises, (prime minister Dr) Mahathir (Mohamad) was about big business, (prime minister) Abdullah (Ahmad Badawi) was focused on SMEs and (Prime Minister) Najib (Razak) is back to the GLICs.”
Gomez said Dr Mahathir was “extremely involved” in the economy, Abdullah was not very involved, and Najib was selectively involved.
Gomez proposed several reforms to reduce this concentration of power in the finance ministry. He said that to ensure proper checks and balances, the prime minister could not also maintain the finance portfolio.
Gomez called for an operational oversight body for GLICs and GLCs, instead of concentrating it in the ministry of finance.
This could provide policy coherence and coordinate GLIC and GLC activities to achieve specific social and economic objectives, according to The Edge report.
Gomez pointed out that the professional managers of the GLICs and GLCs should be given autonomy to run their respective companies.
He added: “Professional managers with autonomy but accountable to parliamentary select committees headed by opposition members. This can be done tomorrow.”
Gomez noted that another interesting development in 2013 was that foreign-controlled firms were re-emerging as important players in the economy. This includes DiGi.Com Bhd, British American Tobacco (M) Bhd and Nestlé (M) Bhd.
His research shows that manufacturing firms are no longer a major force in the economy.
“The industrial elite of old have fallen away. Industrial companies have not been investing in R&D. They have been fearful of the state.
“Where are all the companies involved in the high-technology sector or highly innovative companies? If you look at this list, we are looking at companies involved in utilities, finance, construction and property development. It’s not going to take you anywhere in the long run,” Gomez was quoted as saying by The Edge.
His research findings will appear in his book Minister of Finance Inc: Ownership and Control of Corporate Malaysia, to be released at the end of this month.
Equities / Re: What's interesting today
« Last post by ahbah on Today at 01:49:31 PM »
Public Bank .... BUY now  :cash: :cash: :cash: :thumbsup: :thumbsup: :thumbsup:

Equities / Re: I want to sell most of my shares and go into TDM
« Last post by BullDog on Today at 01:46:21 PM »
 :clap: :clap: :clap:bot sepuluh biji@56 :clap: :clap: :clap: :clap:
Equities / Re: Atttaccckk Johan.
« Last post by Sailor on Today at 12:54:32 PM »
Get ready!!!!!!!!!!!
Buy n wait
Dont wait n buy..
Equities / Re: Jalan Jalan Cari Makan $$$
« Last post by Sailor on Today at 12:53:08 PM »
It will up cz got news regards to GBAQRS in KK

Vol to sell to chase out ppl..vol oso to create bigger vol.
Money coming sooooonnn.$$$$$
Equities / Re: Atttacckkk ANCOM😁$$$
« Last post by Sailor on Today at 12:50:35 PM »
Small Cap stock
Gdex too..
Small cap later become......$$$$
Equities / Re: Atttacck DOLPHIN $$$
« Last post by Sailor on Today at 12:48:53 PM »
Itu orang cakap betul tapi salah hari..isihhhman😁😁😁

Today he say..tomolo no play cz off day BUT Monday
or Tuesday vrooommmday.
Do get ready to plug both ears n blind fold our eyes.
He advice dint block sellers n be cooperative sikit ma.

Tofay is what day??

Tooooooofay is vroooom day..
Equities / Re: Atttacck DOLPHIN $$$
« Last post by Sailor on Today at 12:47:12 PM »
He say another tomolor,
Tomolor after tomolor no cre as ling today vrooomm big
Ok ma!!$$$$😁😁😁😁
Equities / Re: Spot KLCI Index
« Last post by ahbah on Today at 12:40:29 PM »
red bears outnumber the green bulls  :D :D :D

But KLCI is green with no retailers making any moni at all  :'( :'( :'(
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