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MAA Mutual Bhd, the unit trust arm of MAA Holdings Bhd, which launched three unit trust funds in February last year, has announced the maiden unit splits for all the funds for its financial year ended Dec 31, 2002.
INVESTMENT holding company, Avenue Assets Bhd, expects to return to the black for the financial year (FY) ending Jan 31, 2003, its managing director Gooi Hoi Soon said.
PERMODALAN Nasional Bhd (PNB) will continue to look for quality investment opportunities across all sectors of the Malaysian economy, including undervalued stocks of companies with resilient business and prudent management, chairman Tan Sri Dr Ahmad Sarji Abdul Hamid said.
UNITED Engineers (M) Bhd (UEM) expects its wholly-owned subsidiary Expressway Lingkaran Tengah Sdn Bhd (Elite) to return to profitability in the current financial year ending Dec 31, UEM managing director Abdul Wahid Omar said.
MAYBAN Management Bhd is looking towards offering a wide range of innovative as well as different types of unit trust products in a bid to be competitive and gain a stronger foothold in the mutual fund industry in the country.
THE Securities Commission (SC) will implement next month the final phase of disclosure-based regulation (DBR), a move that will hasten the fund raising process in the capital market.
JOHOR Corp (JCorp) needs to inject at least RM400mil in capital into its two unit trust funds Amanah Saham Johor (ASJ) and Dana Johor (DJ) to boost their prices to RM1 and 50 sen respectively.
HSBC Bank Malaysia Bhd, which is one of the leading third party distributors of unit trust funds in the country, expects to rake in an additional RM1bil in unit trust sales by the year-end from the RM1.5bil it has achieved to-date.