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PETALING JAYA: Allianz Malaysia Bhd, which raked in a higher net profit in the first quarter of the year, aims to strengthen its life and general insurance businesses as the subsidiary of the German insurer gears up to increase its market share amid stiff competition in the insurance industry, say analysts.
Trading ideas: Allianz, Pharmaniaga, MMHE, Sime Darby Plantation, Sarawak Plantation, IOI, ELK-Desa Resources, Zelan, YB Ventures, Gets Global and China Automobile Parts
KUALA LUMPUR: Stocks with recent corporate announcements that could see increased trading interest on Monday include Allianz Malaysia, Pharmaniaga, Malaysia Marine and Heavy Engineering, Sime Darby Plantation, Sarawak Plantation, IOI, ELK-Desa Resources, Zelan, YB Ventures, Gets Global and China Automobile Parts, said JF Apex Research.
KUALA LUMPUR: Allianz Malaysia Bhd’s net profit jumped to RM101.32 million in the first quarter ended March 31, 2022 from RM63.26 million in the same period a year earlier, mainly due to profit contribution from life and general insurance segments.
ALLIANZ continues to promote living confidently in the new norm with Covid-19 through the launch of #TheExtraOK medical plan, HealthInsured, in an exclusive fitness-themed event and on Facebook Live.
KUALA LUMPUR: Allianz Life Insurance Malaysia Bhd has appointed Charles Ong Eng Chow as its chief executive officer (CEO) effective April 1, 2022.
PETALING JAYA: Allianz Malaysia Bhd has appointed former Federal Court judge Tan Sri Zainun Ali as its independent and non-executive director, with effective yesterday.
PETALING JAYA: Allianz Malaysia Bhd (Allianz Malaysia) reported a 7.2% growth in gross written premiums to RM5.69bil for its financial year ended Dec 31, 2021 compared with RM5.31bil from the year before.
KUALA LUMPUR: Allianz Malaysia Bhd recorded a net profit of RM478.50 million for the financial year ended Dec 31, 2021, an eight per cent drop from the RM520.33 million achieved in the preceding financial year.
PETALING JAYA: Allianz Malaysia Bhd says it will need to manoeuvre its business around pandemic challenges to stay resilient and brace for challenges ahead as the insurer expects Covid-19 to continue to be in the backdrop in 2022.
Trading ideas: Allianz Malaysia, Land & General, Muhibbah Engineering, Ecomate Holdings and Serba Dinamik
KUALA LUMPUR: Stocks in focus on Tuesday following recent corporate news flow include Allianz Malaysia Bhd, Land & General Bhd, Muhibbah Engineering Bhd, Ecomate Holdings Bhd and Serba Dinamik Bhd, according to JF Apex Research.