Latest news with #KhazanahNasionalBerhad
Malaysiakini
01-05-2025
- Business
- Malaysiakini
GLICs adopt living wage policy for all permanent M'sian employees
Government-linked investment companies (GLICs) have collectively implemented a living wage policy, ensuring all permanent Malaysian employees earn above the monthly living wage threshold. The GLICs that have met this commitment include Khazanah Nasional Berhad, Permodalan Nasional Berhad (PNB), the Employees Provident Fund (EPF), Retirement Fund (Incorporated), Armed Forces Fund Board (LTAT) and Tabung Haji (TH).
South China Morning Post
29-03-2025
- Business
- South China Morning Post
Indonesia's Danantara fund faces constitutional challenge over corruption concerns
Indonesia 's newly unveiled sovereign wealth fund, Danantara , has sparked a constitutional challenge, with the plaintiff arguing the new law establishing the fund has 'radically changed' the status of state-owned enterprises (SOEs) in a way that could impede corruption oversight. Advertisement Experts said the case revealed deep legal ambiguities over whether SOEs were truly separate from the state. The new law attempts to address this tension, but some argue it may weaken public accountability, raising concerns about transparency. In addition to being a sovereign wealth fund, Danantara is a super holding entity entrusted to manage all of Indonesia's State-Owned Enterprises. Compared to Singapore 's Temasek Holdings, and Malaysia 's Khazanah Nasional Berhad, it received initial funding of US$20 billion and aims to achieve a net portfolio worth up to US$900 billion A petition filed in the Constitutional Court on March 20 seeks to declare Law No. 1-2025, which established Danantara and was signed by President Prabowo Subianto in February, unconstitutional. The petition argues that the law cuts financial and legal ties between SOEs and the government, potentially undermining public oversight and enabling corruption. Former Indonesian president Susilo Bambang Yudhoyono (left), Indonesian President Prabowo Subianto (centre) and former Indonesian president Joko Widodo attend the launch of new sovereign wealth fund – Danantara in Jakarta on February 24. Photo: Reuters Plaintiff Rega Felix, an Indonesian citizen, claimed it had 'radically changed' the definition and nature of SOEs. Advertisement
Yahoo
29-03-2025
- Business
- Yahoo
With 55% ownership of the shares, Telekom Malaysia Berhad (KLSE:TM) is heavily dominated by institutional owners
Significantly high institutional ownership implies Telekom Malaysia Berhad's stock price is sensitive to their trading actions The top 4 shareholders own 59% of the company Analyst forecasts along with ownership data serve to give a strong idea about prospects for a business This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. A look at the shareholders of Telekom Malaysia Berhad (KLSE:TM) can tell us which group is most powerful. The group holding the most number of shares in the company, around 55% to be precise, is institutions. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). Since institutional have access to huge amounts of capital, their market moves tend to receive a lot of scrutiny by retail or individual investors. Therefore, a good portion of institutional money invested in the company is usually a huge vote of confidence on its future. In the chart below, we zoom in on the different ownership groups of Telekom Malaysia Berhad. View our latest analysis for Telekom Malaysia Berhad Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. We can see that Telekom Malaysia Berhad does have institutional investors; and they hold a good portion of the company's stock. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Telekom Malaysia Berhad's earnings history below. Of course, the future is what really matters. Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. Telekom Malaysia Berhad is not owned by hedge funds. Looking at our data, we can see that the largest shareholder is Khazanah Nasional Berhad with 20% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 17% and 12%, of the shares outstanding, respectively. On looking further, we found that 59% of the shares are owned by the top 4 shareholders. In other words, these shareholders have a meaningful say in the decisions of the company. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. Our most recent data indicates that insiders own less than 1% of Telekom Malaysia Berhad. It is a pretty big company, so it would be possible for board members to own a meaningful interest in the company, without owning much of a proportional interest. In this case, they own around RM2.2m worth of shares (at current prices). It is good to see board members owning shares, but it might be worth checking if those insiders have been buying. With a 25% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Telekom Malaysia Berhad. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Be aware that Telekom Malaysia Berhad is showing 2 warning signs in our investment analysis , and 1 of those makes us a bit uncomfortable... If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
20-03-2025
- Business
- Yahoo
Institutional investors in CIMB Group Holdings Berhad (KLSE:CIMB) see RM4.8b decrease in market cap last week, although long-term gains have benefitted them.
Given the large stake in the stock by institutions, CIMB Group Holdings Berhad's stock price might be vulnerable to their trading decisions The top 4 shareholders own 56% of the company Analyst forecasts along with ownership data serve to give a strong idea about prospects for a business If you want to know who really controls CIMB Group Holdings Berhad (KLSE:CIMB), then you'll have to look at the makeup of its share registry. With 59% stake, institutions possess the maximum shares in the company. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Institutional investors endured the highest losses after the company's market cap fell by RM4.8b last week. However, the 10% one-year return to shareholders may have helped lessen their pain. But they would probably be wary of future losses. Let's delve deeper into each type of owner of CIMB Group Holdings Berhad, beginning with the chart below. See our latest analysis for CIMB Group Holdings Berhad Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. As you can see, institutional investors have a fair amount of stake in CIMB Group Holdings Berhad. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at CIMB Group Holdings Berhad's earnings history below. Of course, the future is what really matters. Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. CIMB Group Holdings Berhad is not owned by hedge funds. Khazanah Nasional Berhad is currently the largest shareholder, with 22% of shares outstanding. For context, the second largest shareholder holds about 18% of the shares outstanding, followed by an ownership of 10% by the third-largest shareholder. On looking further, we found that 56% of the shares are owned by the top 4 shareholders. In other words, these shareholders have a meaningful say in the decisions of the company. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. Our information suggests that CIMB Group Holdings Berhad insiders own under 1% of the company. Being so large, we would not expect insiders to own a large proportion of the stock. Collectively, they own RM11m of stock. Arguably recent buying and selling is just as important to consider. You can click here to see if insiders have been buying or selling. The general public-- including retail investors -- own 18% stake in the company, and hence can't easily be ignored. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Case in point: We've spotted 1 warning sign for CIMB Group Holdings Berhad you should be aware of. But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
08-03-2025
- Business
- Yahoo
Turing secures $111m funding to advance AGI technology
California-based artificial general intelligence (AGI) infrastructure company Turing has raised $111m (RM9.7bn) in Series E funding to fast track 'next generation' of AI model advancement and application development. Led by Malaysia's sovereign wealth fund Khazanah Nasional Berhad, the investment values the company at $2.2bn. The oversubscribed round saw participation from a consortium of investors including AltaIR Capital, Amino Capital, Fortius Ventures, Gaingels, Mastodon Capital Management, MVP Ventures, Plug and Play, Sozo Ventures, UpHonest Capital and WestBridge Capital. The funding round increases the company's total funding to $225m since its founding in 2018. The valuation was determined when the company reached an annualised revenue run rate (ARR) of $167m, the company said. Turing said that it plans to use the proceeds to support research and development, as well as sales and marketing initiatives for its two primary business segments - Turing AGI Advancement and Turing Intelligence. Turing AGI Advancement focuses on enhancing the AI capabilities in areas such as reasoning, coding, multimodality, and STEM. Turing said its AI-powered vetting and matching engine, alongside its fine-tuning platform ALAN, plays a key role in improving model evaluation, support learning, and agent development. Turing founder and CEO Jonathan Siddharth said: "At Turing, our goal is to accelerate AGI advancement and deployment to build powerful AI systems with real world impact. 'With a mission to unleash the world's untapped human potential, we've built a suite of products on top of the world's largest talent cloud to improve AI models and build applications on top of them. 'Using AI for vetting talent has helped us grow the platform quickly to more than four million of the world's most talented software engineers, data scientists, and STEM experts. Our Series E round underscores the confidence our investors have in our ambitious goal and the key role we play in fuelling AI progress.' "Turing secures $111m funding to advance AGI technology" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
