KUALA LUMPUR, 22 Jun -- Pengerusi Kumpulan Permodalan Nasional Berhad (PNB) Tan Sri Abdul Wahid Omar pada taklimat laporan Prestasi Separuh Pertama 2017 dan Pengumuman Pengagihan Pendapatan Amanah Saham Didik dan Amanah Saham Nasional 2, di Menara PNB hari ini. --fotoBERNAMA (2017) HAK CIPTA TERPELIHARA
KUALA LUMPUR: Permodalan Nasional Bhd (PNB) has seen the total market capitalisation of its six strategic companies grow by RM40bil year-on-year (y-o-y) since Tan Sri Abdul Wahid Omar took over as its group chairman a year ago.
In the first seven months of this year, RM29bil was added to their market cap.
Abdul Wahid, who became PNB group chairman on Aug 1, 2016, said in his first anniversary statement that this represented an increase of 28.2% y-o-y or 18.9% year-to-date - higher than the increase in the benchmark FBM KLCI of 6.5% and 7.2% respectively.
“Alhamdulillah (praise be to God), market reaction has been positive,” he said regarding the boost in market capitalisation.
He also noted that in terms of market capitalisation, Malayan Banking Bhd
(Maybank) - in which PNB owns a direct 6.7% equity interest - became the first company listed on Bursa Malaysia to breach the RM100bil mark in June.
Abdul Wahid said despite the good progress at PNB, the group still had a lot to do towards achieving its aspiration.
“As we move down the list of our strategic companies for value enhancing activities, we will also start engaging with our core companies (where we have at least 10% shareholding) with a view to improving their total shareholder returns (TSR),” he said.
“We also plan to work closely with other institutional investors for greater shareholder activism aimed at enhancing corporate governance and performance of public listed companies.”
Abdul Wahid said his first year as PNB chairman had been “action-packed, productive and fulfilling”.
Among others, former Ekuiti Nasional Bhd president Datuk Abdul Rahman Ahmad was appointed PNB president and group chief executive officer on Oct 1, 2016. Board succession was effected on Jan 1, 2017, and management structure was streamlined at group level.
Abdul Wahid on Nov 26, 2016. announced PNB Strategic Plan 2017-2022 “Strive 15” aimed at building PNB into a “distinctive world class investment house.”
He also announced four major value creating corporate exercises, including Sime Darby demerger to create three ‘pure plays’ (on track for listing by mid December 2017), UMW Holdings demerger & recapitalisation of UMW Oil & Gas, purchase of Silk Highway to enhance PNB’s Prolintas toll road concession porfolio in preparation for IPO in 2019, and merger of SP Setia and I&P Group to create one of the largest & profitable property development groups in Malaysia (expected completion in November 2017).
He noted that PNB successfully migrated to a new IT system on June 28 to enable ‘passbook-less’ transactions to be undertaken.
He said online transactions currently under beta (trial) at www.myasnb.com.my would also be officially enabled from Sept 1.
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