KUALA LUMPUR, Jan 29 (Bernama) – Permodalan Nasional Bhd (PNB) has confidence in the top homegrown multinationals, which bodes well for long-term prospects and would remain committed to them despite challenging market conditions, says the Malaysia Global Business Forum (MGBF).
It said the fund, now led by former Bank Negara Malaysia governor, Tan Sri Dr Zeti Akhtar Aziz, would still invest heavily in companies with strategic national interests.
“With stakes in some of the largest corporate players in every sector, all eyes will be on PNB’s corporate moves in the next few years under the new government.
“Investors will monitor any possible shifts in the fund’s investment strategy. Approximately 70 per cent of PNB’s funds are invested in the local stock market and public equities,” it said in a statement today.
Among top companies that the fund has invested in includes, industry giants, Sapura Energy Bhd (oil and gas), Malayan Banking Bhd (financial), Axiata Group Bhd (telecommunications), Sime Darby Bhd (diversified) and SP Setia Bhd (property).
The MGBF was established in 2009 to assist the global business engagement between Malaysia and the world.
The (MGBF) team offers a range of consulting services from business matching, stakeholder engagement, strategic business development, policy development, advocacy and research services for companies and trade associations expanding their market share.
News appeared in Bernama http://www.bernama.com/en/news.php?id=1689750