He said the target would be driven by returns from the group’s various business segments, including direct investment activities in private equities and fixed income sukuk.
“We are targeting revenue of RM1bil this year and profit growth would be 15% year-on-year,” he told reporters after the launch of the group’s newest subsidiary, PMB Analytics Sdn Bhd, in Kuala Lumpur on Wednesday.
Rural and Regional Development Second Deputy Minister Datuk Ahmad Jazlan Yaakub was also present during the event, held in conjunction with the Pelaburan Mara’s 50th Pre-Anniversary Celebration.
Nazim said Pelaburan Mara recorded about RM600mil in revenue for 2015, and the 2016 financial results, currently being audited, would likely be better.
He said investment activities were the dominant segment, making up 60% of the group’s total revenue.
On another note, Nazim said PMB Analytics was expected to contribute substantially to Pelaburan Mara’s revenue, moving forward, as investment data services had a prominent business outlook in the Malaysian market.
He said Pelaburan Mara has a 70% stake in PMB Analytics, with the rest owned by private entities.
“PMB Analytics will promote and market the Dorsey, Wright & Associates (DWA) investment model to corporate and institutional investors in Malaysia,” he added.
DWA is also Pelaburan Mara’s partner. Owned by Nasdaq Inc, it is based in the United States and a leading advisor to Wall Street and investment managers worldwide.
“PMB Analytics is the sole holder of the right to market DWA’s investment model in Malaysia, and is expected to provide a respectable return on investment in the long run,” Nazim said.
He said the company aimed to capture the Asean market next year and also planned to expand to China, India, Australia and New Zealand by 2020. - Bernama
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