Takaful Malaysia share-price correction justified

RHB Research said Takaful Malaysia’s family takaful products such as mortgage and personal financing protection would remain a focus area.

PETALING JAYA: Elevated tax rates, maiden finance costs and the expanded sales and service tax implementation may cap Syarikat Takaful Malaysia Keluarga Bhd’s (Takaful Malaysia) earnings growth potential in the financial year 2025 (FY25) and FY26.

RHB Research said the 22% correction in the takaful operator’s share price year-to-date is justified and the stock is still trading at a premium valuation versus its peers.