BNM's Approval Completes Final Piece For CIMB-China Galaxy Stockbroking JV

 |  Monday, 13 August 2018 11:15  |  Published in MARKETS

CIMB Group has received Bank Negara Malaysia's (BNM) approval to incorporate a Malaysia-based Joint Venture company (Malaysia JVCo) as the holding company of Jupiter Securities Sdn Bhd (Jupiter Securities), the platform that will be used for the Malaysia stockbroking business of CIMB and China Galaxy Securities Co. Ltd ("China Galaxy" or “CGS”).

CIMB and China Galaxy will own a 50:50 stake in Malaysia JVCo, through their respective wholly-owned subsidiaries CIMB Group Sdn Bhd and China Galaxy International Financial Holdings Limited. CIMB Group’s Malaysia stockbroking business comprises institutional and retail brokerage, share margin financing for broking clients, equity financing services and equities research, as well as exchange listed derivative broking under CIMB Futures Sdn Bhd.

TA Investment Declares Distribution for Two Funds

 |  Thursday, 02 August 2018 12:32  |  Published in MARKETS

TA Investment Management Berhad (TAIM) has declared a gross income distribution of 1.5 sen per unit for TA Income Fund (TIF) and 0.60 sen per unit for TA Asian Dividend Income Fund (TADIF) to the registered unit holders of the Fund as at 31st July.

The Malaysian market is currently uncertain due to the change of government during the 14th General Election and is still in the short-term pain stage.

Bursa Malaysia Announces Highest Half Year Operating Revenue Since 2005 Listing

 |  Tuesday, 31 July 2018 10:47  |  Published in MARKETS

Bursa Malaysia Bhd registered a Profit After Tax and Minority Interest of RM122.0 million for the first half ended 30 June 2018 (“1H2018”), an increase of 5.0% from RM116.2 million reported in the previous first half ended 30 June 2017 (“1H2017”).

The growth in PATAMI is primarily due to higher operating revenue of RM279.1 million, a 3.6% increase from the previous corresponding half year. This is Bursa Malaysia’s highest half year operating revenue since its listing in 2005.

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