‘PNB com­mit­ted to declar­ing com­pet­i­tive div­i­dends this year’

New Straits Times - - Business -

KUALA LUMPUR: Per­modalan Na­sional Bhd (PNB) is com­mit­ted to de­clare com­pet­i­tive div­i­dend pay­out on its in­vest­ment prod­ucts this year, in line with the cor­po­rate sec­tor’s pos­i­tive fore­cast.

Group chair­man Tan Sri Ab­dul Wahid Omar said the pro­jec­tion was based on the in­vest­ments made by

PNB in pub­lic-listed com­pa­nies on Bursa Malaysia, which fared well in the first quar­ter.

“This year, we ex­pect the cor­po­rate sec­tor to per­form well in terms of im­prove­ment in earn­ings, which is ex­pected to in­crease be­tween five and seven per cent,” he said dur­ing a cor­po­rate net­work­ing func­tion, here, yes­ter­day in con­junc­tion with the Malaysian Unit Trust Week 2017, to be held from April 20-25.

He also projected that the size of the funds man­aged by PNB would grow by an av­er­age five per cent an­nu­ally un­til 2022.

Ab­dul Wahid said the fund’s an­nual growth had dropped from an av­er­age of 13 per cent pre­vi­ously to five per cent last year, as most in­vestors had reached their in­vest­ment limit, es­pe­cially in Amanah Sa­ham Bu­mi­put­era (ASB) and Amanah Sa­ham Na­sional Bhd.

“We have a limit for each in­vest­ment, such as RM200,000 for ASB, there­fore, its an­nual growth would be slow­ing down hence­forth,” he said.

As of last year, PNB had man­aged RM260 bil­lion in funds, in­volv­ing 212 bil­lion units in cir­cu­la­tion.

Mean­while, Ab­dul Wahid said PNB tar­geted 150,000 vis­i­tors for the six-day Minggu Amanah Sa­ham Malaysia 2017, themed “Touch­ing Malaysian Lives”.

Since 2000, the ed­u­ca­tional ini­tia­tive had at­tracted more than 3.3 mil­lion vis­i­tors. Ber­nama

Tan Sri Ab­dul Wahid Omar

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.