KUALA LUMPUR: CGS International Securities Malaysia (CGS MY) has unveiled its new brand and proposition, targeting to hit over RM300 million revenue by 2027.
Deputy chief executive officer Alan Inn Wei Loon said the integrated financial services provider has made about RM250 million revenue in 2023.
"Our income now is quite diversified in the sense that we get revenues from financing, structured products and soon to come from investment banking or corporate finance.
"Our target for compound annual growth rate (CAGR) is about 15 per cent to 20 per cent for the next three to five years,” he said at the press conference after CGS MY’s rebranding launch today.
CGS MY today unveiled its new brand and proposition for the company following the acquisition of 100 per cent stake in CGS-CIMB Securities (Malaysia) by China Galaxy Securities (CGS) on Dec 29, 2023.
The acquisition is expected to enhance CGS International Securities Pte Ltd’s (CGS International) networks in China and ASEAN, specifically in Malaysia, Indonesia, Singapore, and Thailand, as well as providing CGS MY with greater connections with regional clients and investment opportunities.
Alan Inn said CGS MY is the second largest contributor in terms of revenue to the CGS international group in the region and also number one in terms of market ranking on Bursa Malaysia.
Meanwhile chief executive officer Azizah Mohd Yatim said following the rebranding, CGS MY also has plans in the pipeline to grow its private equity and venture capital business.
"By tapping into group-wide capabilities, we will be able to transform CGS MY into a formidable player in the highly competitive financial services sector.
"At the same time, we are working hard to harness our digital capabilities to democratise access to investment products, especially for the retail client segment,” she said.
CGS MY has over 15 million customers globally.
