Tagged: Free Malaysia Today

Eversendai undervalued, says majority shareholder

Eversendai undervalued, says majority shareholder

Construction-based Eversendai Corp Bhd’s majority shareholder feels the company is undervalued and does not reflect the company’s true business potential and track record. Eversendai’s executive chairman and group managing director AK Nathan said that right now it is important to build up the base, build up the business. He also opined that the share price can not be suppressed for too long. However, construction stocks in Malaysia have been underperforming at the moment. Moreover, Eversendai’s lack of liquidity is also an issue in attracting fund managers to invest in the company.

Call for IFSB to make standard mandatory

Call for IFSB to make standard mandatory

According to Bahrain central bank executive director Khalid Hamad Abdul Rahman Hamad, making Islamic Financial Services Board (IFSB) standard mandatory is essential to take Islamic finance to the next level which is internationalisation. Until now, the…

New liquidity tool needed for M’sian Islamic banks

New liquidity tool needed for M’sian Islamic banks

As a global leader in the field of Islamic finance, Malaysia boasts with state-of-the-art infrastructure and unparalleled government support. The development of Commodity Murabaha (CM) transactions on Bursa Malaysia under its Bursa Suq Al Sila’ enabled the country to try to snatch away the business of liquidity management by Islamic banks from the London Metal Exchange (LME). Bursa Malaysia’s Suq Al Sila’ is a representation of trading in commodities with complete irrelevance of commodities to the intended outcome. This exceeds simple exchange of cash between two participating banks.

DanaInfra’s RM300m sukuk to kick-start retail bonds trading

DanaInfra’s RM300m sukuk to kick-start retail bonds trading

DanaInfra Nasional Bhd’s RM300 million sukuk aiming to partially fund the Klang Valley’s mass rapid transit (MRT) will make its kick-start retail trading of bonds on Bursa Malaysia. Moreover, it is likely that the sukuk will attract he issuance of private debt securities such as conventional bonds and Malaysian Government Securities (MGS) which will be publicly available. According to Tajuddin Atan – CEO of Bursa Malaysia Bhd – a number of parties have expressed their interest in issuing retail bonds. In addition, there should be ample amount of issuance for the successful trading of these bonds on the local exchange.

DanaInfra’s RM300m sukuk to kick-start retail bonds trading

DanaInfra’s RM300m sukuk to kick-start retail bonds trading

DanaInfra Nasional Bhd’s RM300 million sukuk aiming to partially fund the Klang Valley’s mass rapid transit (MRT) will make its kick-start retail trading of bonds on Bursa Malaysia. Moreover, it is likely that the sukuk will attract he issuance of private debt securities such as conventional bonds and Malaysian Government Securities (MGS) which will be publicly available. According to Tajuddin Atan – CEO of Bursa Malaysia Bhd – a number of parties have expressed their interest in issuing retail bonds. In addition, there should be ample amount of issuance for the successful trading of these bonds on the local exchange.

Islamic banking and finance to continue growth in 2013

Islamic banking and finance to continue growth in 2013

Islamic finance in Malaysia prepares to compete more aggressively in the global financial market in order to continue its growth on a new level. In spite of the expected challenging year ahead and the slowdown in global economy, the continuation of the country’s growth trajectory is very likely. The main reasons for the industry to remain favourable are the robust achievement recorded throughout the year combined with the “safe-haven investment” sentiment among investors.