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Overview
Financial Highlight
HeadlinesBusiness Background Syarikat Takaful Malaysia Bhd is a takaful insurance provider in Malaysia and Indonesia. Like insurance, takaful protects participants from loss, but unlike traditional insurance, it adheres to a business model that conforms to Islamic religious law. The company’s business includes participants who pool their money into a Participant Risk Fund, which then has funds available to disburse when a participant is facing a loss. For managing the takaful fund, the company receives a service fee on participant contributions. Syarikat Takaful Malaysia primarily manages family and general takaful businesses, which include medical, motor, and home takaful. The vast majority of the company’s revenue comes from customers in Malaysia.
  Jshong89 kon, please go read Takaful's annual report. See who's in the top 30 shareholder list. 04/12/2017 22:04 kpolee22 PUC (0007)HIGH TIGHT FLAG BREAKOUT, BUY NOW BEFORE FLY.. LOOK AT CHART URSELF 28/12/2017 23:51  speakup aiyoyo, drop 6sen also want to cry meh? Posted by Papaya Juice > Jan 25, 2018 05:29 PM | Report Abuse Mind boggling! QR shows fantastic result! Interest rate up! Ringgit strengthening! Yet Takaful drop! 25/01/2018 17:32 yiqqre TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RECURRENT RELATED PARTY TRANSACTIONS SYARIKAT TAKAFUL MALAYSIA BERHAD (TAKAFUL MALAYSIA OR THE COMPANY) PROPOSED SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE (PROPOSED SHAREHOLDERS' MANDATE) SYARIKAT TAKAFUL MALAYSIA BERHAD Type Announcement Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RECURRENT RELATED PARTY TRANSACTIONS Description SYARIKAT TAKAFUL MALAYSIA BERHAD (TAKAFUL MALAYSIA OR THE COMPANY) PROPOSED SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE (PROPOSED SHAREHOLDERS' MANDATE) Pursuant to Paragraph 10.09 of the Bursa Malaysia Securities Berhad (“Bursa Securities”) Main Market Listing Requirements (“Listing Requirements”), the Company had at its 32nd Annual General Meeting (“AGM”) held on 25 April 2017 obtained shareholders’ approval to renew the Shareholders’ Mandate for the Company and its subsidiaries to enter into recurrent related party transactions of a revenue or trading nature (“Shareholders’ Mandate”). The Shareholders’ Mandate shall, in accordance with the relevant provisions of the Listing Requirements, lapse at the conclusion of the Company’s forthcoming AGM unless authority for its renewal is obtained from the shareholders of the Company at the AGM. With reference to the above, the Board of Directors of Takaful Malaysia wishes to announce that the Company intends to seek the approval of its shareholders for the Proposed Shareholders’ Mandate at the forthcoming AGM. The estimated aggregate value of the Recurrent Related Party Transactions (from the date of last AGM on 25 April 2017 to 31 March 2018) as disclosed in the Circular to Shareholders dated 3 April 2017 was RM2.666 million while the actual transaction value from the date of last AGM on 25 April 2017 to 29 January 2018 was RM2.075 million. The actual transaction value for the year ended 31 December 2017 was RM2.690 million. A circular containing the information on the Proposed Shareholders’ Mandate will be sent to the shareholders of Takaful Malaysia in due course. This announcement is dated 29 January 2018. 29/01/2018 21:56 mf 19-Mar-2018 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 2,563,240 shares on 13-Mar-2018. 19/03/2018 17:43  necro Separating license start JULY 2018... brace for the impact https://www.pressreader.com/malaysia/the-star-malaysia-starbiz/20170522/281496456222780 20/05/2018 18:21 necro The separation of family & general takaful into 2 umbrella makes cost of doing biz by Takaful Malaysia increase by 2 TIMES compare to previously which under one company. If you can see the higher expenses in Takaful Malaysia comes from management costs with the separation i can see general takaful which contribute only 30% of group income will have problem balancing between revenue & cost. General takaful growth in group level also recorded only 3% compared to family which record double digit growth. Hopefully Takaful Malaysia looking seriously in this matter by considering M&A, digitalisation & seeking foreign partners to set up footsteep in country beyond Indonesia. 20/05/2018 19:01 necro Refer to this ; https://www.pressreader.com/malaysia/the-star-malaysia-starbiz/20170123/281578060372386 20/05/2018 19:03 necro I would recomend selling on both BIMB BERHAD & TAKAFUL MALAYSIA due to; 1.TAKAFUL MALAYSIA will experience increasing cost due to the separation although family segment may save the day but the profit margin will drop below 9%. http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=6139 2.BIMB BERHAD pending from group restructuring is like gem stuck in the mud. Huge fair value loss if Takaful Malaysia share on the downtrend coming months put BIMB under presurre not to forget with cost increase in Takaful Malaysia group level probably lowering dividend payout by Takaful Malaysia. Hopefully loan growth surpass 9% & increasing the digitalisation which currently only contribute 5% . Technically there will be KNEE JERK REACTION in coming months when separation license kicks in with immidiate effect as fast as 2nd quarter result (July 2018). 20/05/2018 19:20 Cherrie The staff cost incurred as opex is minimal to its overall profits. Takaful is able to absorb the cost. 21/05/2018 00:32 Cherrie Takaful is growing steadily in the past 8 years with excellent track record. High ROE, high DY, low capex, good operating cashflow generated, PE is only 13x. The demand of its products is increasing from year to year. 21/05/2018 00:42 baobao4068 Overall Q2's result is sastified, except for the fair value losses due to the performance of equity market. If next QR can recover from fair value losses, performance will be amazing. 27/07/2018 18:25 Cherrie My personal view is a treacherous day trader keep on throwing in small quantity to lower the price to lure the less confidence investors to throw out their shares so that he can collect it cheap. The fundamental is definitely no problem. From the last QR, if the loss from capital market is excluded, the EPS for that quarter is around 10 sen. Many gov related stocks which we deemed as good shares in the past were plunged to historical low after GE14 and caused many investors/ fund managers lost money. This may be only one time exceptional case. So, i expect the QR for next quarter to perform well since the insurance business is enjoying continue growing. 30/08/2018 12:10  |
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