Latest news with #PublicMutual
The Star
4 days ago
- Business
- The Star
Public Mutual declares distributions of over RM20mil for three funds
KUALA LUMPUR: Public Mutual, a wholly-owned subsidiary of Public Bank Bhd , has declared distributions totalling more than RM20 million for three funds for the financial year ended May 31, 2025. In a statement today, the unit trust manager said the total gross distributions are 3.75 sen per unit for Public Select Bond Fund, 0.20 sen per unit for Public Dividend Select Fund, and 0.10 sen per unit for the PB ASEAN Dividend Fund. The Public Select Bond Fund and PB ASEAN Dividend Fund follow an annual distribution policy, while the Public Dividend Select Fund declares distributions on a semi-annual basis, it added. Public Mutual is Malaysia's largest private unit trust company, managing more than 180 funds and operates 31 branches and customer service centres nationwide. It is also an approved Private Retirement Scheme (PRS) provider, managing nine PRS funds. - Bernama
Yahoo
22-05-2025
- Business
- Yahoo
LPI Capital Bhd's (KLSE:LPI) large institutional owners must be happy as stock continues to impress, up 4.4% over the past week
Significantly high institutional ownership implies LPI Capital Bhd's stock price is sensitive to their trading actions Public Mutual Bhd. owns 54% of the company Ownership research along with analyst forecasts data help provide a good understanding of opportunities in a stock AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. If you want to know who really controls LPI Capital Bhd (KLSE:LPI), then you'll have to look at the makeup of its share registry. We can see that institutions own the lion's share in the company with 73% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). And things are looking up for institutional investors after the company gained RM255m in market cap last week. The gains from last week would have further boosted the one-year return to shareholders which currently stand at 32%. Let's take a closer look to see what the different types of shareholders can tell us about LPI Capital Bhd. Check out our latest analysis for LPI Capital Bhd Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. We can see that LPI Capital Bhd does have institutional investors; and they hold a good portion of the company's stock. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see LPI Capital Bhd's historic earnings and revenue below, but keep in mind there's always more to the story. Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. LPI Capital Bhd is not owned by hedge funds. Looking at our data, we can see that the largest shareholder is Public Mutual Bhd. with 54% of shares outstanding. This essentially means that they have extensive influence, if not outright control, over the future of the corporation. With 8.5% and 4.7% of the shares outstanding respectively, Sompo Asset Management Co., Ltd. and Public Bank Berhad, Group Officers Retirement Benefits Fund are the second and third largest shareholders. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. Shareholders would probably be interested to learn that insiders own shares in LPI Capital Bhd. This is a big company, so it is good to see this level of alignment. Insiders own RM193m worth of shares (at current prices). Most would say this shows alignment of interests between shareholders and the board. Still, it might be worth checking if those insiders have been selling. The general public, who are usually individual investors, hold a 22% stake in LPI Capital Bhd. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. While it is well worth considering the different groups that own a company, there are other factors that are even more important. For instance, we've identified 2 warning signs for LPI Capital Bhd (1 is significant) that you should be aware of. Ultimately the future is most important. You can access this free report on analyst forecasts for the company. 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.
The Star
30-04-2025
- Business
- The Star
Public Mutual declares over RM96il in distributions for four funds
KUALA LUMPUR: Public Bank Bhd 's wholly-owned subsidiary, Public Mutual Bhd, has declared over RM96mil in distributions for four funds. In a statement, Public Mutual announced a gross distribution of 1.25 sen per unit for both the Public Ehsan Mixed Asset Conservative Fund and the Public Select Mixed Asset Conservative Fund. The unit trust manager also announced gross distribution of 0.50 sen per unit for Public Islamic Asia Dividend Fund and Public Islamic Dividend Fund. Public Mutual is Malaysia's largest private unit trust company with more than 180 funds under its management. It is also an approved private retirement scheme (PRS) provider, managing nine PRS funds.
Yahoo
09-04-2025
- Politics
- Yahoo
Court grants Bung Moktar, wife's request to suspend defence proceedings against three corruption charges amounting to RM2.8m
KUALA LUMPUR, April 9 — The Sessions Court here today granted the request by Kinabatangan Member of Parliament Datuk Seri Bung Moktar Radin and his wife Datin Seri Zizie Izette Abdul Samad to suspend their defence proceedings against three corruption charges amounting to RM2.8 million. Judge Rosli Ahmad made the ruling after lawyer M. Athimulan informed the court that the prosecution did not object to the request, pending the outcome of the review application against the Court of Appeal's decision which had ordered the couple to enter their defence on the charges, national news agency Bernama reported today. 'Both parties have submitted their arguments, but we were informed by the prosecution this morning that they do not object to the suspension of these proceedings,' said Athimulan, who is handling the couple's case together with lawyer Datuk Seri K. Kumaraendran. Meanwhile, Deputy Public Prosecutor (DPP) Law Chin How, who is handling the case with DPP Mohamad Fadhly Mohd Zamry, said they received instructions this morning that they would not object to the request. 'The trial was scheduled for today, but given that the suspension order has been granted, we request that the trial date be set after the resolution of the review application. The Deputy Registrar of the Court of Appeal has set a case management for the review application on April 11 to set a hearing date,' he said. Judge Rosli then set new trial dates from August 18 to 20, September 2 to 4, and September 24 to 26, 2025. 'Accordingly, the previously scheduled trial dates, which were from April 9 to 11, April 14 and 15, as well as May 5 and 6, 2025, have been vacated,' he added. The Court of Appeal on November 18 last year ordered Bung Moktar and Zizie Izette to enter their defence on the three corruption charges, after allowing the prosecution's appeal against the couple's acquittal by the High Court on September 7, 2023. On September 2, 2022, Sessions Court Judge Rozina Ayob had ordered Bung Moktar and Zizie Izette to enter their defence on the three corruption charges, after ruling that the prosecution had successfully established a prima facie case against them at the close of the prosecution's case. Bung Moktar, 65, who was then the non-executive chairman of Felcra Berhad, was charged on May 3, 2019, with two charges of receiving bribes amounting to RM2.2 million and RM262,500 as an inducement to obtain Felcra's approval to invest RM150 million in Public Mutual's unit trust. Bung Moktar is also accused of corruptly receiving for himself a bribe of RM337,500 in cash from Public Mutual Berhad investment agent Madhi Abdul Hamid via Zizie Izette, 46, at Public Bank Berhad's Taman Melawati Branch here between 12.30pm and 5pm on June 12, 2015. Bung Moktar is also accused of corruptly receiving another bribe, namely RM337,500 in cash, from another Public Mutual agent Norhaili Ahmad Mokhtar via the Public Ittikal Sequel Fund (PITSEQ) account registered under Zizie Izette, for the same purpose.
