【MPHBCAP 5237 交流区】马化控股资本

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准出售保险支臂49% 马化资本料筹3.6亿

二零一四年十一月十二日 晚上七时三十二分
（吉隆坡12日讯）马化资本有限公司（MPHBCAP，5237，金融组）保险单位马化保险有限公司（Multi-Purpose Insurans Bhd）的估值，约达2.4至2.5倍账面值。

根据计算，马化资本所持的马化保险49%股权，将值3亿5000万至3亿6000万令吉。

消息指出，在获得国家银行的批准后，这项交易预定最早本月杪之前落实。

马化资本上周宣布，国家银行已批准其脱售马化保险的49%股份，但该公司和有兴趣团体必须在履行交易中的购买或出售选择权之前，必须提呈新申请书予监管当局。

国家银行的批准是它在1月22日表示原则上不反对展开这项交易初步洽商的9个月后发出。

行业业者表示，马化保险的2.4至2.5倍账面值，符合最近交易的趋势。

去年，太平洋与东方有限公司（P&O，6009，金融组）以2.45倍账面值卖出太平洋与东方保险有限公司的49%股权予非洲保险商Sanlam新兴市场产权有限公司；在2010年，澄心亚洲有限公司则2.24倍账面值转手旗下的澄心保险有限公司予百乐园机构有限公司（PARAMON，1724，产业组）；而在2011年，太平金溢有限公司以1.6倍账面值代价，脱售在太平保险有限公司的股份。

同样于2011年，成功集团有限公司（BJCORP，3395，贸易服务组）则卖出其于成功Sompo保险有限公司的40%股权予后者日本股东，写下普通保险商当中的3.3倍账面值新价格记录。

这些交易的评值都高于普通保险商在2008年金融危机前水平，当时的评值介于1.3至1.8倍。

消息说，马化资本和买家所需的是提呈新申请书予中央银行，这将确保买家的任何未来股权增加，将符合外资持股条例。马化资本拥有马化保险的100%股权，目前仅出售其中49%股份。

他补充：“目前，最大的售股顶限是70%。但不知道买家几时希望提高持股至49%以上。买家传是一家意大利保险商，同时也是欧洲最大业者之一。”

马化资本的保险业务在2013财政年分别贡献87.72%和73.26%集团收益和经营盈利。在出售马化保险的49%股权后，其收益将大幅削减。

不过，分析师不会对此犹豫，因管理层已经了解，并且已对该集团拟定未来计划。

基于其2013财政年报告，马化资本拥有地库总面积2495.93英亩，其中675.41英亩坐落在万挠、文良港、第67区、吉隆坡和槟城。这也包括柔佛边加兰一幅占地1803.2英亩的农业地。【中国报财经】

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30/09/2014

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30/09/2014	30/09/2013	30/09/2014	30/09/2013
		$$'000	$$'000	$$'000	$$'000

1	Revenue	90,828	78,749	269,386	158,803
2	Profit/(loss) before tax	22,981	17,403	240,161	37,078
3	Profit/(loss) for the period	17,336	12,649	223,752	26,814
4	Profit/(loss) attributable to ordinary equity holders of the parent	17,790	12,853	225,206	27,266
5	Basic earnings/(loss) per share (Subunit)	2.49	2.64	31.50	5.60
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.8300		1.5100

icy97

馬化資本3.6億 售保險業務49%股權

企業財經18 Dec 2014 22:00
（吉隆坡18日訊）馬化資本（MPHBCAP，5237，主要板金融）以約3億5580萬令吉，脫售Multi-Purpose保險公司（MPIB）49%股權。

馬化資本向馬證交所報備，獨資子公司Multi-Purpose資本控股公司（MPCHB）與Generali亞洲N.V.（簡稱Generali公司）簽署股權買賣協議，將MPIB的49%股權脫售給后者，售價約3億5580萬令吉。

根據報備文件，如果完成脫售MPIB那天，MPIB的淨資產超過截至2013年12月底的經審計淨資產，Generali公司就需要支付MPCHB，兩者差距的49%。

同時，MPCHB亦與Generali公司簽署行使買權（call option）和賣權（put option）協議，讓后者有權在完成脫售議案的2年內，執行買權和賣權。

Generali公司可通過執行買權，收購MPIB高達21%股權。

但在兩個情況下，即國行不批准執行買權，或國行批准買權、但Generali公司仍只持有少數股權，Generali公司可選擇在完成脫售后的5年內，執行賣權。

這項買權和賣權的執行，仍有待國行批准。【中国报财经】

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	MPHB CAPITAL BERHAD (“MPHB CAPITAL” OR “COMPANY”) (I)        PROPOSED DISPOSAL BY MULTI-PURPOSE CAPITAL HOLDINGS BERHAD (“MPCHB”), A WHOLLY-OWNED SUBSIDIARY OF MPHB CAPITAL, OF 49,000,000 ORDINARY SHARES OF RM1.00 EACH, REPRESENTING 49% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF MULTI-PURPOSE INSURANS BHD (“MPIB”) TO GENERALI ASIA N.V. (“GENERALI ASIA”), A 100% INDIRECT SUBSIDIARY OF ASSICURAZIONI GENERALI S.P.A., FOR A DISPOSAL CONSIDERATION OF RM355,803,000, SUBJECT TO ADJUSTMENTS; (II)        PROPOSED GRANTING OF A CALL OPTION BY MPCHB TO GENERALI ASIA FOR GENERALI ASIA TO ACQUIRE FROM MPCHB AND TO REQUIRE MPCHB TO SELL SUCH NUMBER OF SHARES WHICH IS EQUIVALENT TO 21% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF MPIB AT THE TIME OF EXERCISE OF THE CALL OPTION; AND (III)        PROPOSED GRANTING OF A PUT OPTION BY MPCHB TO GENERALI ASIA FOR GENERALI ASIA TO SELL TO MPCHB AND TO REQUIRE MPCHB TO ACQUIRE ALL OF THE ISSUED AND PAID-UP SHARE CAPITAL OF MPIB HELD BY GENERALI ASIA AT THE TIME OF EXERCISE OF THE PUT OPTION (COLLECTIVELY TO BE REFERRED TO AS “PROPOSALS”)
On behalf of the Board of Directors of MPHB Capital, Maybank Investment Bank Berhad is pleased to announce that the Company is proposing to undertake the Proposals. Please refer to the attachments for details of the announcement and the Company's press release in relation to the Proposals. This announcement is dated 18 December 2014. http://www.bursamalaysia.com/market/listed-companies/company-announcements/1830853

Attachments MPHB Capital - Announcement.pdf MPHB Capital - Press Release.pdf

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31/12/2014

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/12/2014	31/12/2013	31/12/2014	31/12/2013
		$$'000	$$'000	$$'000	$$'000

1	Revenue	100,830	87,170	370,216	245,973
2	Profit/(loss) before tax	38,736	20,512	278,897	57,590
3	Profit/(loss) for the period	25,940	20,058	249,692	46,872
4	Profit/(loss) attributable to ordinary equity holders of the parent	26,147	20,983	251,353	48,249
5	Basic earnings/(loss) per share (Subunit)	3.66	3.87	35.15	8.89
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.8500		1.5100

icy97

3.6亿售保险业务　马化资本后续发展受关注

财经  2015年03月25日
（吉隆坡25日讯）马化资本（MPHBCAP，5237，主板金融股）获得股东支持，以3.6亿令吉脱售马化保险的49%股权给忠利亚洲（Generali Asia）后，接下来市场最关注的將是公司的新业务及何时重新派发股息。

马化资本今天召开股东特別大会，提出的3项议案包括：（一）子公司马化资本有限公司以约3.56亿令吉，把马化保险公司的49%股权卖给忠利亚洲；（二）给予忠利亚洲认购选择权（Call Option），额外买下马化保险的21%股权；（三）给予忠利亚洲认沽选择权（Put Option），马化资本须买下忠利亚洲卖出的马化保险股权。

购新资產未有进展

马化资本董事经理兼大股东丹斯里刘锦坤在股东特大结束之后，被记者追访时简短回应说，「股东已经通过所有议案，我们接下来將收购新业务或资產，但目前没有任何进展。」

马化资本是在去年12月18日宣佈，將马化保险的49%股权卖给意大利上市的忠利保险集团旗下的忠利亚洲。

忠利保险集团在亚洲共有9个立足点，包括中国、香港、日本、新加坡和印尼等。

根据马化资本的股东特大通知书，该公司通过脱售马化保险49%股权所获得的3.56亿令吉，其中大约3.38亿令吉將用来投资新业务或资產，董事局目前正评估一切可行的投资。

马化资本闭市报1.98令吉，全天起3仙或1.54%，成交量达41万1300股。【东方网财经】

icy97

Notice of Interest Sub. S-hldr (29A)

MPHB CAPITAL BERHAD

Particulars of Substantial Securities Holder

Name	Hanton Capital Limited
Address	P.O.Box 957 Offshore Incorporations Centre Road Town, Tortola British Virgin Islands
NRIC/Passport No/Company No.	1803256
Nationality/Country of incorporation	British Virgin Islands
Descriptions (Class & nominal value)	Ordinary shares of RM1.00 each
Name & address of registered holder	Casi Management Sdn Bhd (17,177,200 shares) 30.02, 30th Floor, Menara Multi-Purpose, Capital Square, No. 8, Jalan Munshi Abdullah, 50100 Kuala Lumpur CIMB Group Nominees (Tempatan)Sdn Bhd (213,706,793 shares) Level 2, Bangunan Amanah Raya Bhd, Jalan Semantan, Damansara Heights, 50490 Kuala Lumpur

Date interest acquired & no of securities acquired
Currency	Malaysian Ringgit (MYR)
Date interest acquired	03/04/2015
No of securities	230,883,993
Circumstances by reason of which Securities Holder has interest	Hanton Capital Limited ("HCL") has acquired from Tan Sri Dato' Surin Upatkoon, 89.32% equity interest in Casi Management Sdn Bhd ("CMSB"), a substantial shareholder of MPHB Capital Berhad ("MPHB Capital"), owning 230,883,993 shares in MPHB Capital. HCL is deemed to have indirect interest in MPHB Capital by virtue of Section 6A(4) of the Companies Act, 1965 held through CMSB.
Nature of interest	Indirect interest
Price Transacted ($$)
Total no of securities after change
Direct (units)
Direct (%)
Indirect/deemed interest (units)	230,883,993
Indirect/deemed interest (%)	32.29
Date of notice	06/04/2015

APULA

售資產後‧馬化資本或派息
2015-05-03 19:19      
http://biz.sinchew.com.my/node/114718

雪蘭莪吳先生問：

馬化資本（MPHBCAP，5237，主板金融組）的最新業務進展是甚麼？可以繼續持有嗎？

答：馬化資本將於2個月內在萬撓推出1億2千萬令吉產業發展計劃，脫售旗下馬化保險（MPI）的49%股權脫售給忠利亞洲（Generali Asia）6月完成後，淨現金達4億1千400萬令吉，馬銀行研究不排除派息可能性。

馬化資本截至2014年12月止持有4億8千200萬令吉現金，其中有4億5千400萬令吉現金來自馬化保險，而在控股的淨現金達7千萬令吉。

脫售馬化保險可獲3億3千800萬令吉，另獲脫售邊佳蘭100英畝地段獲逾500萬令吉（每方英尺1令吉21仙），總現金達4億1千400萬令吉或每股58仙，不認為管理層會全部派息，預期部份將作派息用途。”

馬化資本兩年來未派息，是否派息取決於集團層次的資本需求問題。

馬銀行研究說，馬化資本仍是受低估之股隻，目前缺乏重估催化劑；維持“守住”評級，目標價由2令吉25仙降至2令吉20仙。

在脫售馬化保險脫售料可於6月中完成，保險業務貢獻集團的逾90%盈利。預料脫售行動後，盈利將減半，因短期無其他替代收入來源。

忠利亞洲有可能另增21%持股，外資持股頂限為70%；考量忠利為歐洲最大保險集團，一旦由忠利主導，可轉移保險業務專精。而且，馬化資本也不再視為金融控股，因而可解除金融控股的資本需求限制。

萬撓產業計劃是與大城市（BRDB）聯營，無需承擔任何建築風險，享有22%盈利，推出產業包括3層樓Superlink房屋。

至於脫售安邦紅鶴酒店（Flamingo Hotel）12.3英畝與紅鶴大廈（2.7英畝）地段給柏威年產業信托（PAVREIT，5212，主板產業投資信托組）的丹斯里林曉春事宜，迄今未有進展。

馬銀行說，馬化資本原在邊佳蘭持有4千644英畝地庫，2012年10月受柔州強制徵用2千841英畝（以每方英尺93仙或總值1億1千500萬令吉徵用），以作為邊佳蘭煉油及石油化學綜合發展計劃（RAPID）。工程部最近再徵用其100英畝地段。

馬化資本於2014年5月就上述強制徵用，向柔州政府與國油提出民事訴訟案，首回合高庭駁回馬化資本，5月7日再由上訴庭聆審。（星洲日報／投資致富‧投資問診‧文：李文龍）

icy97

馬化資本 完成3.6億售保險公司

財經7 May 2015 23:00
（吉隆坡7日訊）馬化資本（MPHBCAP，5237，主要板金融）宣布子公司馬化資本控股，完成以3億5580萬令吉脫售Multi-Purpose保險公司（MPIB）49%給Generali Asia 。

同時，馬化資本授予執行行使權（call option）或使賣權（put option），即Generali Asia可在完成售股活動的兩年時間內，收購馬化資本最高達21%股權。

Generali Asia需至少5年后，才可脫售Multi-Purpose保險公司全數股權，且無需獲得國家銀行和股東批准。

馬化資本將從上述售股活動獲得3億5995萬令吉，將提升公司持有人權益約1億9100萬令吉。

馬化資本董事經理丹斯里劉錦坤指出：“Multi-Purpose保險公司料從中受惠，在與全球大型保險公司合作，繼續為客戶提供保證。”【中国报财经】

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	MPHB CAPITAL BERHAD (MPHB CAPITAL OR COMPANY)(I)        DISPOSAL;(II)        GRANTING OF A CALL OPTION;  AND(III)        GRANTING OF A PUT OPTION.((I), (II) AND (III) ABOVE COLLECTIVELY KNOWN AS CORPORATE EXERCISES)
The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the Circular to shareholders of MPHB Capital in relation to the Corporate Exercises dated 6 March 2015. Reference is made to the Company’s announcements dated 22 January 2014, 15 May 2014, 8 August 2014, 5 November 2014, 18 December 2014 and 25 March 2015 in relation to the Corporate Exercises. On behalf of the Board, Maybank IB wishes to announce that MPCHB has received the consideration amounting to an aggregate of approximately RM355.98 million for the Disposal via the following: (i)      direct cash payment of approximately RM337.81 million by Generali Asia; and (ii)     the release of the Balance Escrow Sum of approximately RM18.17 million by the escrow agent to MPCHB. MPCHB has also received the Call Option Payment and Put Option Payment from Generali Asia amounting to an aggregate of approximately RM4.15 million. In this regard, the Corporate Exercises have been completed on 7 May 2015. Please refer to the attachment for the Company's press release in relation to the above. This announcement is dated 7 May 2015.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4730317

Attachments MPHB Capital - Press Release (Completion).pdf

icy97

保險業務立功‧馬化資本首季淨利揚87%

2015-05-22 11:27      
（吉隆坡21日訊）保險業務盈利增長立功，馬化資本（MPHBCAP,5237,主板金融組）截至2015年3月31日第一季，淨利飆87.3%至1千601萬7千令吉。

營業額微揚3.8%至9千零4萬3千令吉。

該公司在文告中表示，保險業務稅前盈利增長1千312萬至2千225萬令吉，高承保盈利和投資收入走高是激勵因素。（星洲日報／財經）

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2015	31 Mar 2014	31 Mar 2015	31 Mar 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	90,043	86,758	90,043	86,758
2	Profit/(loss) before tax	20,539	12,039	20,539	12,039
3	Profit/(loss) for the period	15,777	8,363	15,777	8,363
4	Profit/(loss) attributable to ordinary equity holders of the parent	16,017	8,553	16,017	8,553
5	Basic earnings/(loss) per share (Subunit)	2.24	1.20	2.24	1.20
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.8700		1.8400

icy97

产业市场放缓 马化资本3项目暂搁置

财经新闻 财经  2015-06-04 07:38
（吉隆坡3日讯）基于产业市场放缓，马化资本（MPHBCAP，5237，主板金融股）暂时搁置手上一些产业投资项目，并静观市场的变化。

营运总监郭燕燕指出，在产业投资方面，继公司甫于上月在雪州万挠推出第一阶段产业发展项目后，基于产业市场转淡，因此暂时搁置其他项目。

她说，暂时被搁置的项目，分别是雪州鹅唛的美马高原（Mimaland）、槟城直落登布雅，以及Flamingo酒店的重新发展计划。

郭燕燕今日出席集团年度股东大会后，如是指出，出席者包括执行董事刘可薇。

她说，公司目前拥有足够的地库，暂不会再购地，除非献售的地段，能和公司现有的土地结合，并创造更大的效益，方会探讨收购。

询及Generali亚洲购买马化保险49%股权后，会否影响营业额？

对此，郭燕燕指出，公司仍持有51%的股权，而保险业务仍是主要收入来源，因此，不会构成太大的影响。

8亿流动资金暂不能用

“加上万挠推出的产业项目，将会为公司带来赚幅，因此，产业投资的收入比例会提升。”

据悉，在脱售保险业务的活动完成后，将会重新包装马化保险。

另一方面，她指出，马化资本目前的流动资金约有7至8亿令吉，但因公司收到国行的金融控股公司条例的监管，加上国行并没有给予进一步的指示，因此暂不能动用该笔资金。

她说，目前只能等待金融服务法（FSA）有更明确的指示，或是若在脱售另外21%股权予Generali亚洲方面成事，减持马化保险持股权至50%以下，才不再受到国行的金融控股公司条例监管。

闭市时，马化资本交投淡静，以1.87令吉挂收，微跌1仙或0.53%，成交量有7万6500股。【南洋网财经】

icy97

馬化資本 中止鵝嘜發展聯營協議

財經10 Aug 2015 23:00
（吉隆坡10日訊）馬化資本（MPHBCAP，5237，主要板金融）與Magna Senandung私人有限公司，中止鵝嘜發展計劃聯營協議。

馬化資本向馬證交所報備，針對旗下美馬高原（Mimaland）公司，在2011年與4月底，與Magna Senandung私人有限公司，就發展議案，所簽署的聯營協議，雙方公司今日簽署中止契約。

不過，報備文件中並沒有透露中止契約的原因。

針對上述協議，雙方計劃在美馬高原所持有位于雪州鵝嘜的土地。

無論如何，馬化資本指出，契約上述聯營協議，不會對2015財年的盈利、淨子產及負債率，造成任何影響。【中国报财经】

Type	Announcement
Subject	OTHERS
Description	TERMINATION OF JOINT VENTURE AGREEMENT DATED 29 APRIL 2011 ENTERED INTO BETWEEN MIMALAND BERHAD ("MIMALAND"), A 98.20%-OWNED SUBSIDIARY OF MPHB CAPITAL BERHAD ("THE COMPANY"), AND MAGNA SENANDUNG SDN BHD ("DEVELOPER" OR "MSSB")
We refer to the Joint Venture Agreement dated 29 April 2011 entered into between Mimaland and MSSB in respect of the proposed development of the land owned by Mimaland held under Lot 2947, Geran 18307, Mukim Setapak, District of Gombak; Lot 3003 (CT 15467), Mukim Setapak, District of Gombak; Lot  PT A HS(D) 1767, Lot PT B HS(D) 14977 and Lot PT 7546, HS(D) 14978, Mukim Setapak, District of Gombak and Lot PT 5300 HS(M) 1726 and Lot 5301 HS(M) 1727, Mukim Setapak, District of Gombak (“Lands”) (“Joint Venture Agreement”). The Board of Directors of the Company wishes to announce that Mimaland has on 10 August 2015 entered into a Deed of Termination with MSSB to mutually terminate the Joint Venture Agreement. Upon the termination of the Joint Venture Agreement, neither party shall have any claims whatsoever against the other in respect of the Joint Venture Agreement.  The termination of the Joint Venture Agreement will not have any material effect on the earnings, net assets and gearing of the Company and the Group for the financial year ending 31 December 2015. This announcement is dated 10 August 2015.

icy97

Date of change	19 Aug 2015
Name	MR NG KOK CHEANG
Age	58
Nationality	Malaysia
Designation	Executive Director
Directorate	Executive
Type of change	Resignation
Reason	To devote more time in his other commitments and responsibilities.
Details of any disagreement that he/she has with the Board of Directors	No
Whether there are any matters that need to be brought to the attention of shareholders	No
Qualifications
Working experience and occupation	Mr Ng Kok Cheang has vast working experience in property valuation, property management and property development.  He commenced his career in the Property Valuation/General Practice Surveying profession in 1979 with an established Chartered Valuation Firm as a valuation assistant. In 1981, he was promoted to a manager and was a consultant in various property development companies.  In 1996, he joined Penas Realty as a planning manager where he was responsible for the sourcing of land bank, planning and project feasibility/marketing of development projects.  He was also involved in the development of residential and mixed developments which include shopping malls, condominiums and shophouses.  He was the Executive Director of Multi-Purpose Holdings Berhad (now known as Magnum Berhad) from 2002 to May 2013.
Family relationship with any director and/or major shareholder of the listed issuer	None
Any conflict of interests that he/she has with the listed issuer	None
Details of any interest in the securities of the listed issuer or its subsidiaries	363,900 ordinary shares of RM1.00 each in MPHB Capital Berhad

icy97

前期脫售推高盈利‧馬化資本次季淨利挫95%

2015-08-20 10:44      
（吉隆坡19日訊）馬化資本（MPHBCAP，5237，主板金融組）因消費稅後衝擊，加上前期脫售所得推高淨利，導致截至2015年6月30仙財政年第二季淨利按年下跌94.56%至1千零80萬9千令吉。

該公司半年淨利也按年下跌87.07%至2千682萬6千令吉。

營業額方面，馬化資本在第二季按年上揚10.96%至1億零186萬1千令吉，上半年上揚7.47%至1億9千190萬4千令吉。

馬化資本發文告表示，淨利大跌是因前期賣出投資產業，獲得總值2億零514萬令吉的一次性收入而推高比較數據。

在除去產業銷售後，該公司淨利從3千399萬5千令吉微跌1.16%至3千360萬令吉。

根據馬化資本發文，該公司的信用和投資業務在第二季下跌45.91%至185萬令吉；信用主要是業務只限少數信譽佳的客戶，而投資業務會尋求伙伴進行有盈利能力的聯營計劃或進行脫售以加強股東價值。

另一方面，馬化資本的保險業務在期間持平，只從2千零55萬令吉成長至2千零65萬令吉。該公司期間脫售馬化保險49%股權完成，並易名為MPI GENERALI保險，並相信在全球最大保險公司之一的GENERALI的合作下，成為本地重要的產業和托管業者。（星洲日報／財經）

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2015	30 Jun 2014	30 Jun 2015	30 Jun 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	101,861	91,800	191,904	178,558
2	Profit/(loss) before tax	20,342	205,141	40,881	217,180
3	Profit/(loss) for the period	15,569	198,053	31,346	206,416
4	Profit/(loss) attributable to ordinary equity holders of the parent	10,809	198,863	26,826	207,416
5	Basic earnings/(loss) per share (Subunit)	1.51	27.81	3.75	29.01
6	Proposed/Declared dividend per share (Subunit)	0.00		0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	2.1100		1.8400

icy97

馬化資本第三季淨利挫57％

2015-11-20 11:36      
（吉隆坡19日訊）礙於保險與信貸業務收入減少，以及證券投資合理價出現變化，馬化資本（MPHBCAP,5237,主板金融組）截至2015年9月30日止第三季淨利，下挫57.44%至757萬2千令吉，拖累首9個月淨利下跌84.73%至3千439萬8千令吉。

第三季營業額走揚11.69%至1億零144萬7千令吉，帶動首9個月營業額上漲8.9%至2億9千335萬1千令吉。

展望未來，該公司發文告表示，隨著脫售馬化保險（MPI）的49%股權予忠利亞洲（Generali Asia）計劃完成，保險業務正朝擁有強大財務和效率的本地房產和休閒領域普險業者目標邁進。

投資業務則將專注通過與可信賴夥伴聯營釋放土地價值，以降低曝險程度，或透過合理價格進行脫售來為股東帶來最大化回酬。（星洲日報／財經）

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2015	30 Sep 2014	30 Sep 2015	30 Sep 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	101,447	90,828	293,351	269,386
2	Profit/(loss) before tax	19,913	22,981	60,794	240,161
3	Profit/(loss) for the period	14,014	17,336	45,360	223,752
4	Profit/(loss) attributable to ordinary equity holders of the parent	7,572	17,790	34,398	225,206
5	Basic earnings/(loss) per share (Subunit)	1.06	2.49	4.81	31.50
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	2.1700		1.8400

icy97

马化资本末季多赚43% 全年净利挫74%

财经新闻 财经  2016-02-23 13:26
（吉隆坡22日讯）马化资本（MPHBCAP，5237，主板金融股）截至12月31日末季，净利扬43.3%，达2896万7000令吉；惟营业额跌13.2%，报8742万5000令吉。
全年净利大挫74.2%，仅有6336万5000令吉；营业额则涨2.9%，报3亿8077万6000令吉。

根据文告，末季税前盈利扬21.59%，达4539万令吉，受惠于当季开销较少，加上金融资产净收益增加。

全年盈利急退62%

而全年的税前盈利急退61.74%，则是因为去年有一笔投资产业的脱售收益，造成较高的比较基础。

不过，去年旗下的保险和信贷业务，则录得较佳的承保利润和投资收益。

展望未来，保险业务将随着意大利忠利集团（AssicurazioniGenerali S.p.A.）成为策略伙伴，将成为稳健兼有效率的普险业者。

而信贷和投资信贷业务，则持续放眼商机，为利基客户融资，以推动信贷业务。【南洋网财经】

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2015	31 Dec 2014	31 Dec 2015	31 Dec 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	87,425	100,692	380,776	370,078
2	Profit/(loss) before tax	45,390	37,325	106,184	277,486
3	Profit/(loss) for the period	40,147	19,901	85,507	243,653
4	Profit/(loss) attributable to ordinary equity holders of the parent	28,967	20,214	63,365	245,420
5	Basic earnings/(loss) per share (Subunit)	4.05	2.83	8.86	34.32
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	2.2100		1.8400

icy97

马化资本 房产业务疲弱

财经 股市 行家论股  2016-02-24 11:20

目标价：1.63令吉

最新进展
马化资本（MPHBCAP，5237，主板金融股）截至12月31日末季，净利扬43.3%，达2896万7000令吉；惟营业额跌13.2%，报8742万5000令吉。

全年净利挫74.2%，仅6336万5000令吉；营业额涨2.9%，报3亿8077万6000令吉。

末季税前盈利扬21.59%，达4539万令吉，受惠于当季开销较少，加上金融资产净收益增加。

全年税前盈利急退61.74%，是因为去年有一笔投资产业的脱售收益，造成较高的比较基础。

行家建议
马化资本2015财年核心净利为4300万令吉，按年跌20%，但仍符合我们的预测；持股51%的马化保险（MPI）为集团贡献了73%的税前盈利。

盈利走跌，是因为在5月7日脱售马化保险49%股权给Generali公司所致。

在房产业务方面，显得相当淡静，万挠第一期售罄，土著单位除外，第二期尚未推介。在槟城的项目基于市况疲弱而展延，而鹅麦的地皮则有待脱售。

至于在安邦以及燕美路的产业项目，目前则没有任何计划。

另外，就如预测般，马化资本并没派发股息，因为尚未获得国行的批准，管理层正等待国行有关集团资本门槛的计算指南。



分析：马银行投行研究

【南洋网财经】

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2016	31 Mar 2015	31 Mar 2016	31 Mar 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	101,382	90,043	101,382	90,043
2	Profit/(loss) before tax	16,887	20,539	16,887	20,539
3	Profit/(loss) for the period	13,390	15,777	13,390	15,777
4	Profit/(loss) attributable to ordinary equity holders of the parent	7,537	16,017	7,537	16,017
5	Basic earnings/(loss) per share (Subunit)	1.05	2.24	1.05	2.24
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	2.2200		2.2100

icy97

售21%予忠利亞洲‧等國行放行‧馬化資本暫不考慮派息

2016-06-04 11:58      
（吉隆坡3日訊）脫售馬化保險已一年，馬化資本（MPHBCAP,5237,主板金融組）仍在等待國家銀行批准，直到將21%股權脫售給忠利亞洲（Generali Asia）前，不考慮派出任何股息。

此外，有鑑於市場情緒低迷，馬化資本預計今年業績將平平無奇。

馬化資本董事經理丹斯里劉錦坤在股東大會後向媒體表示：“我們還有買權及賣權在手，在行使買權及賣權後，我們才會考慮派息。”

馬化資本在去年賣出保險業務股權，雖然當時市場已認為馬化資本將派特別股息，但截至目前，馬化保險還沒有任何行動。

馬化資本於去年5月7日完成馬化保險脫售案，以3億5千580萬令吉脫售49%股權於意大利上市的忠利亞洲，當時就與忠利亞洲簽署買權及賣權協議，忠利亞洲能在2年內行使買權收購馬化保險21%股權，使其成為馬化保險的大股東，但須得到國家銀行批准。

從完成收購案至今已過1年，忠利亞洲仍未成功執行買權。

因為目前馬化資本仍持有馬化保險51%股權，需符合國家銀行對金融控股的資本需求限制，所以在獲得國行批准前不得派息；若忠利亞洲成功執行買權，馬化資本也不再被視為金融控股，可解除資本需求限制。

根據財報，馬化資本截至去年底共有5億3千218萬令吉現金在手。

此外，若國行不讓忠利亞洲行使買權，忠利亞洲就無法成為馬化保險的大股東，能在完成收購5年後執行賣權，將所有股權賣給馬化資本。

目前，外資最高能持保險公司70%股權。

在業績上，在賣出馬化保險後保險業務貢獻下跌，劉錦坤預計今年業務不會有大進展。

劉錦坤表示：“在賣出馬化保險後，保險業務貢獻也相對下跌，才導致第一季淨利大跌。”

根據馬化資本財報，該公司第一季淨利大跌53%，從1千601萬7千淨利跌至753萬7千令吉。

在問及是否還有會進行企業活動上，劉錦坤只簡短地表示：“若有，我們將在大馬股票交易所上公佈。”（星洲日報／財經）

icy97

承保盈利降 马化资本次季净利跌42.8%
By Supriya Surendran / theedgemarkets.com   | August 24, 2016 : 7:40 PM MYT

（吉隆坡24日讯）由于保险业务的承保盈利下降，以及投资业务的开销增加，马化资本（MPHB Capital Bhd）第二季净利下跌42.8%。

截至6月杪次季净利为619万令吉，或每股0.87仙，低于去年同期的1081万令吉，或每股1.51仙。

次季营业额从1亿186万令吉，增9.5%至1亿1157万令吉，主要因为保险业务的保费增长。

首半年净利是1372万令吉，或每股1.92仙，较同期的2683万令吉，或每股3.75仙，跌了48.8%，因普险业务的承保盈利减。

首半年营业额由1亿9190万令吉，扬11%至2亿1295万令吉。

展望未来，马化资本表示，打算联手策略伙伴Generali Asia N.V，提高保险业务的市占率，尤其在零售部分，以成为本地普险业的主要长期业者之一。

（编译：陈慧珊）

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2016	30 Jun 2015	30 Jun 2016	30 Jun 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	111,566	101,861	212,948	191,904
2	Profit/(loss) before tax	18,835	20,342	35,722	40,881
3	Profit/(loss) for the period	13,293	15,569	26,683	31,346
4	Profit/(loss) attributable to ordinary equity holders of the parent	6,185	10,809	13,722	26,826
5	Basic earnings/(loss) per share (Subunit)	0.87	1.51	1.92	3.75
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	2.2300		2.2100

icy97

刘锦坤辞去马化资本董事经理一职
By Supriya Surendran  / theedgemarkets.com   | September 30, 2016 : 7:23 PM MYT

（吉隆坡30日讯）为了符合大马国家银行的企业治理政策文件的规定，丹斯里刘锦坤已辞去马化资本（MPHB Capital Bhd）董事经理一职。

马化资本今日透过大马交易所发布文告指：“国行的企业治理政策文件规定，大股东和管理层之间必须明确地区别开来。”

马化资本是MPI Generali保险（MPI Generali Insurans Bhd）的金融控股公司，刘锦坤通过Casi Management私人有限公司持有该公司的36.63%股权。

现年67岁的商业巨头，自2013年5月14日起担任马化资本的董事经理。刘锦坤的女儿刘可微也是马化资本的执行董事。

国行在8月3日发布一套提高企业治理标准的新条例，旨在提高金融机构的门槛。

获颁执照的保险公司及回教保险经营者落入持牌金融机构的保护伞下。

一些主要规定的变化包括加强对董事部结构的要求，其中包括董事部需占有大多数的独立董事。

（编译：倪嫣鴽）

Date of change	30 Sep 2016
Name	TAN SRI DATO' SURIN UPATKOON
Age	67
Gender	Male
Nationality	Thailand
Designation	Managing Director
Directorate	Executive
Type of change	Resignation
Reason	To comply with the requirement of Bank Negara Malaysia's Policy Document on Corporate Governance which provides that there must be a clear separation between substantial shareholder and the Management.MPHB Capital Berhad is a financial holding company of MPI Generali Insurans Berhad pursuant to 112(3) of the Financial Services Act, 2013.
Details of any disagreement that he/she has with the Board of Directors	No
Whether there are any matters that need to be brought to the attention of shareholders	No
Qualifications
Working experience and occupation	Tan Sri Dato' Surin Upatkoon began his career with MWE Weaving Mills Sdn Bhd in 1971 as a manager and he was appointed as the Managing Director of MWE Spinning Mills Sdn Bhd in 1974. In 1976, he became an Executive Director of MWE Holdings Berhad and subsequently, in 1979 he was appointed as the Managing Director of MWE Weaving Mills Sdn Bhd.In 2000, he was appointed as an Executive Director of Magnum Berhad ("Magnum") and  subsequently in 2002, he was appointed as the Managing Director of Magnum where he  played a major role in formulating the business strategies and direction of the Magnum Group and was actively involved in the policy making aspects of the operations of the Magnum Group. He was re-designated as Non-Independent Non-Executive Chairman of Magnum on 26 June 2013.He was the Managing Director of MPHB Capital Berhad from 14 May 2013 to 30 September 2016.
Family relationship with any director and/or major shareholder of the listed issuer	Tan Sri Dato' Surin Upatkoon is the father of Ms Ivevei Upatkoon, an Executive Director of the Company.
Any conflict of interests that he/she has with the listed issuer	None
Details of any interest in the securities of the listed issuer or its subsidiaries	Deemed/indirect interest in 261,921,093 ordinary shares of RM1.00 each representing 36.63% equity interest in MPHB Capital Berhad.