Bank Negara’s Minimum Allocation Rate (MAR) took effect from July 2019 and this is likely to result in a new business strain on new agent-driven investment-linked business, Maybank Investment Bank Research says.
KUALA LUMPUR: Bank Negara’s Minimum Allocation Rate (MAR) took effect from July 2019 and this is likely to result in a new business strain on new agent-driven investment-linked business, Maybank Investment Bank Research says.
In its research note issued on Monday, it said that taking this into account, it trimmed Allianz Malaysia
’s FY20/21E earnings by 3%/4%.
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