PNB eyes wider global exposure to exploit weak market | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 56 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 86%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

KUALA LUMPUR, May 4 — Malaysia’s largest fund manager, Permodalan Nasional Bhd (PNB) will continue diversifying its asset portfolio in the overseas market, viewing the tough financial market downturn caused by the Covid-19 pandemic as a good opportunity to accumulate good quality stocks. Group...

PNB Group chairman Tan Sri Zeti Akhtar Aziz said as a long-term investor, PNB focuses on the fundamentals; avoiding market congestion while identifying mega shifts in the financial market. — Picture by Ham Abu Bakar

Speaking at the virtual media briefing on PNB’s 2019 Annual Report and Strategic Plan for 2020-2022 here today, Zeti said that PNB has outlined its way forward in Focus 4 — a strategic plan which aims to ensure that the company is well-positioned to navigate through these tough times. PNB also plans to increase its global exposure to 30 per cent by 2022 from 8.5 per cent as of end-2019, he said, adding that PNB would strategically diversify its investments over a spectrum of global assets, while increasing capital efficiency and crystallising a more vibrant investment process.

Meanwhile, commenting on the 2019 performance, Zeti said despite the volatile and challenging global economics, PNB recorded a resilient financial performance, making good progress in its portfolio diversification efforts as well as liquidity management, while enhancing unit holders’ experience. Going forward, Zeti said 2020 would indeed be a very challenging year for companies worldwide, including PNB, as most countries are not immune to the economic impact of the unprecedented Covid-19 pandemic.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 1. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

PNB plans to boost performance of strategic companies | Malay MailKUALA LUMPUR, May 4 — Permodalan Nasional Bhd (PNB) plans to bolster the performance of its strategic companies by launching a Stewardship Framework that institutionalises governance best practices. In a virtual press conference on its Annual Report 2019 and Strategic Plan 2020-2022,...
مصدر: malaymail - 🏆 1. / 86 اقرأ أكثر »