Khazanah portfolio value hits record high
Its net worth adjusted portfolio value, a key indicator of the firm’s performance, surged 24.3 per cent to a record RM86.9 billion, outstripping the stock market benchmark index’s total return of 14.1 per cent.
Khazanah Nasional Bhd, the government’s investment arm that holds stakes in some of the country’s key companies, saw its portfolio value jump to a record high as at the end of 2012.
Its overall realisable asset value increased by 12.4 per cent to a new high of RM121.6 billion.
Its net worth adjusted (NWA) portfolio value, a key indicator of the firm’s performance, surged 24.3 per cent to a record RM86.9 billion, outstripping the stock market benchmark index’s total return of 14.1 per cent.
“A lot of it was driven by initial public offerings (like IHH Healthcare and Astro Malaysia), which contributed RM9.1 billion to the NWA value, although the telco sector also did well,” managing director Tan Sri Azman Mokhtar told reporters at Khazanah’s annual briefing here yesterday.
“Notwithstanding that, 2012’s record IPO performance is not expected to be a yearly recurrence, we believe the portfolio is balanced and well-positioned to benefit from exposure in the Asia Pacific growth region, as well as several dynamic sectors
that we expect to continue performing,” he said.
The telco sector added RM7.2 billion to the portfolio NWA value, with Axiata alone accounting for RM5.8 billion, he added.
The aviation sector took RM1.6 billion out of the portfolio value.
Besides Axiata, Khazanah also owns stakes in Malaysia Airline System, CIMB Group and Malaysia Airports Holdings Bhd, among others.
Khazanah’s 2012 performance maintains the overall uptrend in its portfolio since the start of the transformation programme in May 2004.
However, Khazanah’s pre-tax profit fell to RM2.1 billion last year compared with RM5.3 billion in 2011.
Azman said this was partly because the 2011 figures were boosted by its sale of shares in PLUS as part of the highway operator’s privatisation exercise.
Due to the lower profit, it declared a dividend amounting to RM1 billion compared with the previous year’s RM3 billion.
Two-thirds of its investments are domestic, while the rest are in the region.
Khazanah made a total of seven major new investments amounting to RM6.2 billion last year, and 10 divestments that brought in proceeds of RM4.8 billion.
It made a RM2.1 billion gain on its divestments.
Azman said there would be more divestments this year, including that of Time Engineering Bhd and potentially its 30 per cent stake in Islamic lender Bank Muamalat.
Bank Muamalat, which is 70 per cent owned by DRB-HICOM Bhd, is in talks over a potential merger with Affin Holdings group.
The central bank has given the parties an extension until
March to negotiate a deal.
“We are not the main shareholder of the bank, so we are not in the driving seat (of the talks),” he remarked.
By Adeline Paul Raj
Its overall realisable asset value increased by 12.4 per cent to a new high of RM121.6 billion.
Its net worth adjusted (NWA) portfolio value, a key indicator of the firm’s performance, surged 24.3 per cent to a record RM86.9 billion, outstripping the stock market benchmark index’s total return of 14.1 per cent.
“A lot of it was driven by initial public offerings (like IHH Healthcare and Astro Malaysia), which contributed RM9.1 billion to the NWA value, although the telco sector also did well,” managing director Tan Sri Azman Mokhtar told reporters at Khazanah’s annual briefing here yesterday.
 |
that we expect to continue performing,” he said.
The telco sector added RM7.2 billion to the portfolio NWA value, with Axiata alone accounting for RM5.8 billion, he added.
The aviation sector took RM1.6 billion out of the portfolio value.
Besides Axiata, Khazanah also owns stakes in Malaysia Airline System, CIMB Group and Malaysia Airports Holdings Bhd, among others.
Khazanah’s 2012 performance maintains the overall uptrend in its portfolio since the start of the transformation programme in May 2004.
However, Khazanah’s pre-tax profit fell to RM2.1 billion last year compared with RM5.3 billion in 2011.
Azman said this was partly because the 2011 figures were boosted by its sale of shares in PLUS as part of the highway operator’s privatisation exercise.
Due to the lower profit, it declared a dividend amounting to RM1 billion compared with the previous year’s RM3 billion.
Two-thirds of its investments are domestic, while the rest are in the region.
Khazanah made a total of seven major new investments amounting to RM6.2 billion last year, and 10 divestments that brought in proceeds of RM4.8 billion.
It made a RM2.1 billion gain on its divestments.
Azman said there would be more divestments this year, including that of Time Engineering Bhd and potentially its 30 per cent stake in Islamic lender Bank Muamalat.
Bank Muamalat, which is 70 per cent owned by DRB-HICOM Bhd, is in talks over a potential merger with Affin Holdings group.
The central bank has given the parties an extension until
March to negotiate a deal.
“We are not the main shareholder of the bank, so we are not in the driving seat (of the talks),” he remarked.
By Adeline Paul Raj
Comments
Post a Comment