www.btimes.com.my -Maybank IB Research has downgraded BIMB Holdings Bhd to "sell" from
"buy"’ as it sees the recent run-up in the Islamic financial
institution’s share price as excessive.
“Much as we continue to view Bank Islam’s and Syarikat Takaful
Malaysia Bhd’s (BIMB’s units) prospects positively, the recent run-up in
BIMB’s share price is cause to pause and take stock,” the research
house said in a note on Monday. (source)
Showing posts with label syarikat takaful malaysia. Show all posts
Showing posts with label syarikat takaful malaysia. Show all posts
Monday, June 25, 2012
Wednesday, June 06, 2012
INDONESIA - TAKAFUL - Syarikat Takaful may go for M&As to secure bigger market share
www.thestar.com.my -PETALING JAYA: Syarikat Takaful Malaysia Bhd
will focus on its core markets in Malaysia and Indonesia but does not
rule out the possibility of mergers and acquisitions (M&As) in a bid
to have a stronger foothold and a bigger market share in the takaful
business.
Goup managing director Datuk Mohamed Hassan Kamil (pic) told StarBiz the company was now concentrating its efforts in growing the Malaysian and Indonesian market organically.
“Any M&A activities will be deliberated at our holding company level. Our main focus is to grow the business in Malaysia and Indonesia while continuously working hard to gain the top position and increase our market share.” (source)
Goup managing director Datuk Mohamed Hassan Kamil (pic) told StarBiz the company was now concentrating its efforts in growing the Malaysian and Indonesian market organically.
“Any M&A activities will be deliberated at our holding company level. Our main focus is to grow the business in Malaysia and Indonesia while continuously working hard to gain the top position and increase our market share.” (source)
Saturday, May 05, 2012
INDONESIA - TAKAFUL - BIMB to potentially gain from Indonesian takaful market
www.theborneopost.com - KUCHING: BIMB Holdings Bhd (BIMB) could potentially see significant
takaful contributions in the Indonesian takaful market its stake hold in
PT Takaful Indonesia (PT Takaful).
However, pending the outcome of potential regulations by Indonesia’s central bank, the current contributions from the country’s takaful segment would not be significant for the time being.
Maybank Investment Bank Bhd (Maybank IB) director of Equity Markets (Research) Desmond Ch’ng told The Borneo Post that while there might be uncertainty surrounding BIMB’s 65 per cent owned Syarikat Takaful Malaysia Bhd’s (STMB) shareholding in PT Takaful, he did not expect this to immediately affect Maybank IB’s earnings forecasts or valuations for BIMB. (full story)
However, pending the outcome of potential regulations by Indonesia’s central bank, the current contributions from the country’s takaful segment would not be significant for the time being.
Maybank Investment Bank Bhd (Maybank IB) director of Equity Markets (Research) Desmond Ch’ng told The Borneo Post that while there might be uncertainty surrounding BIMB’s 65 per cent owned Syarikat Takaful Malaysia Bhd’s (STMB) shareholding in PT Takaful, he did not expect this to immediately affect Maybank IB’s earnings forecasts or valuations for BIMB. (full story)
INDONESIA - TAKAFUL - Takaful M’sia upbeat on M&As
www.thestar.com.my - It plans to take advantage of Bank Negara’s RBC framework implementation
KUALA LUMPUR: Syarikat Takaful Malaysia Bhd is looking to expand its business and increase market share via mergers and acquisitions (M&As) from 2014 onwards after the risk-based capital (RBC) framework for takaful operators is in place.
Group managing director Datuk Mohamed Hassan Md Kamil said the RBC framework for takaful operators would be in place by the end of next year.
“By then, takaful operators that do not meet the minimum capital requirement would either have to inject more capital or consolidate. If there is a suitable partner, merging would be an option we will definitely explore in the future. This is because growing organically can take some time. (source)
KUALA LUMPUR: Syarikat Takaful Malaysia Bhd is looking to expand its business and increase market share via mergers and acquisitions (M&As) from 2014 onwards after the risk-based capital (RBC) framework for takaful operators is in place.
Group managing director Datuk Mohamed Hassan Md Kamil said the RBC framework for takaful operators would be in place by the end of next year.
“By then, takaful operators that do not meet the minimum capital requirement would either have to inject more capital or consolidate. If there is a suitable partner, merging would be an option we will definitely explore in the future. This is because growing organically can take some time. (source)
Tuesday, March 20, 2012
INDONESIA - TAKAFUL - Indonesia Islamic Insurance Assets Reach $1 Billion in 2011
www.bloomberg.com - Indonesia’s Shariah-compliant insurance assets increased by 32 percent to 9.2 trillion rupiah ($1 billion) in 2011 from a year earlier, according to data from the Capital Market and Financial Supervisory Agency.
Islamic insurance, or takaful, has grown by 50 percent on average in the last five years, the agency said in an e-mailed statement today. Takaful is based on the Koranic principle of mutual support where policy holders contribute a sum of money to a fund managed by the company for use in the event of a loss by one of its members. (source)
Islamic insurance, or takaful, has grown by 50 percent on average in the last five years, the agency said in an e-mailed statement today. Takaful is based on the Koranic principle of mutual support where policy holders contribute a sum of money to a fund managed by the company for use in the event of a loss by one of its members. (source)
Friday, March 16, 2012
INDONESIA - TAKAFUL - Malaysian Islamic Insurers Eyeing Indonesian Market
www.thejakartaglobe.com - Malaysia’s biggest Islamic insurers plan to expand in Indonesia, taking advantage of industry growth that is almost three times the pace of their home market and increasing wealth in the world’s most populous Muslim country.
Mayban Ageas, the nation’s largest insurer, is considering an acquisition in Indonesia, chief executive Hans De Cuyper said in a March 6 interview. Syarikat Takaful Malaysia, the second-biggest, estimates its Indonesian unit will generate 50 percent of its profits, from less than 10 percent now, managing director Hassan Kamil told reporters in Kuala Lumpur on March 7, without giving a timeframe. (source)
Mayban Ageas, the nation’s largest insurer, is considering an acquisition in Indonesia, chief executive Hans De Cuyper said in a March 6 interview. Syarikat Takaful Malaysia, the second-biggest, estimates its Indonesian unit will generate 50 percent of its profits, from less than 10 percent now, managing director Hassan Kamil told reporters in Kuala Lumpur on March 7, without giving a timeframe. (source)
Thursday, March 08, 2012
INDONESIA - TAKAFUL - Takaful Malaysia nears deal on Indonesian stake sale
www.btimes.comm.my- Takaful Malaysia recently received an enquiry from a close-knit family-run conglomerate, says its group managing director
Kuala Lumpur: Syarikat Takaful Malaysia Bhd (Takaful Malaysia) is close to selling a stake in its Indonesian unit to a local partner to expand its distribution network in the republic.
Group managing director Datuk Hassan Kamil said the insurer will consider issuing new shares as well. (source)
Kuala Lumpur: Syarikat Takaful Malaysia Bhd (Takaful Malaysia) is close to selling a stake in its Indonesian unit to a local partner to expand its distribution network in the republic.
Group managing director Datuk Hassan Kamil said the insurer will consider issuing new shares as well. (source)
INDONESIA - TAKAFUL - Indonesian revenue to pick up from 2014, says Takaful Malaysia
www.thesundaily.my - KUALA LUMPUR (March 8, 2012): Syarikat Takaful Malaysia Bhd, which is in the process of restructuring its Indonesian operations, expects revenue contribution from there to pick up steam in 2014 or 2015 from the current 5%, and to make up for half of the group's revenue in five years.
It now derives 95% of its revenue from Malaysia.
"The takaful (Islamic insurance) market in Indonesia is large. It's like a time-bomb about to explode. When it grows, it will grow rapidly. We have seen that happen to Islamic banking," Takaful Malaysia group managing director Datuk Mohamed Hassan Kamil told a news conference here yesterday. (source)
It now derives 95% of its revenue from Malaysia.
"The takaful (Islamic insurance) market in Indonesia is large. It's like a time-bomb about to explode. When it grows, it will grow rapidly. We have seen that happen to Islamic banking," Takaful Malaysia group managing director Datuk Mohamed Hassan Kamil told a news conference here yesterday. (source)
Sunday, February 26, 2012
INDONESIA - TAKAFUL - Takaful Malaysia FY11 profit exceeds RM100m mark - Indonesia subsidiary shows recovery
www.thesundaily.com - KUALA LUMPUR (Feb 24, 2012): Syarikat Takaful Malaysia Bhd (Takaful Malaysia) recorded another year of strong growth with profit before taxation and zakat exceeding the RM100 million mark for the first time since its establishment in 1984.
For the financial year ended Dec 31 2011 (FY11), profit before taxation and zakat grew 55% to RM101.4 million from the previous year, while operating revenue increased 17% to RM1.4 billion. (source)
For the financial year ended Dec 31 2011 (FY11), profit before taxation and zakat grew 55% to RM101.4 million from the previous year, while operating revenue increased 17% to RM1.4 billion. (source)
Thursday, August 25, 2011
INDONESIA - TAKAFUL - 17 Year Operating Takaful Islamic Insurance
PT Syarikat Takaful Indonesia (Company) was established on February 24, 1994 at the initiative of team formation Takaful Insurance Indonesia (DELIVER) led by the Association of Indonesian Muslim Intellectuals (ICMI) by Abdi Nations Foundation, Bank Muamalat Indonesia Tbk., PT Asuransi Jiwa Tugu Mandiri, the Department Financial Affairs, as well as some Indonesian Muslim businessmen. Through these two subsidiaries namely PT Asuransi PT Asuransi Takaful Family and General Takaful, the Company has provided insurance protection that applies the principles of sharia in Indonesia's first pure. (source)
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