M E D I A S T A T E M E N T
PELABURAN MARA EYES ASEAN MARKET WITH INVESTMENT DATA SERVICES
As part of the company’s strategy to diversify its portfolio, Pelaburan MARA Berhad (Pelaburan MARA) is venturing into investment data services through PMB Analytics Sdn Bhd. (PMB Analytics).
Launched by the Deputy Minister II, Ministry of Rural and Regional Development, YB Datuk Hj Ahmad Jazlan bin Hj Yaakub on 26 April 2017, in conjunction with Pelaburan MARA 50th Pre-Anniversary Celebration in Kuala Lumpur, PMB Analytics is Pelaburan MARA Group’s newest subsidiary.
According to the Pelaburan MARA Group Chief Executive Officer, Dato’ Nazim Rahman, Pelaburan MARA is aggressively widening its activities further into business finance. To meet this objective, the Group established cooperation with Dorsey, Wright & Associates (DWA), an investment advisory firm based in Richmond, Virginia, USA. DWA is a leading advisor to Wall Street and investment managers worldwide and a NASDAQ Inc.’s company since 2015.
PMB Analytics will promote and market DWA’s investment model to corporate and institutional investors in Malaysia. The new company will be introducing a mobile digital application to meet the demands of retail investors. This is in line with the vision of PMB Analytics to be a renowned investment model provider to both institutional and corporate clients as well as introduce products to cater for retail investors and subsequently seek to expand the marketing efforts to other countries within the ASEAN region including Indonesia, Thailand and Vietnam. PMB Analytics is also eyeing expansion into China, India, Australia and New Zealand by 2020.
“We hope with the establishment of PMB Analytics, investors will have the opportunity to benefit from the expertise of a world renowned investment advisor. With rapid changes that shapes our society and how we do business professionally, we are flexible enough in our business strategy to allow Pelaburan MARA to engage in financial technology. And DWA’s investment model let us do precisely that,” he said.
“Pelaburan MARA holds 70% stake in PMB Analytics while the remainder are owned by private entities,” he added.
“PMB Analytics holds the sole rights to market DWA’s investment model in Malaysia and is expected to provide a respectable return to investment equity in the long run,” he stated.
Nazim explained, “Currently, there are a few technical analysis model based on investment data in local market. Nevertheless, there is none that are successfully used on a large scale and have the reputation like DWA. DWA model processes data through Point & Figure Charting and Relative Strength Analysis. It involves complex mathematical calculations that enables the system to analyse certain investment direction quickly as well as assessing strength and weakness of an investment asset compared to another asset. Apart from that, it will also propose the best timing for investors to investment.”
“The DWA investment model have been successfully used by several local funds and manages to generate a good return. One particularly posted a return up to 86 percent for 5 years, more than 21 percent for three years and for the period of three months this year alone records a 11.7 percent return.”
Pelaburan MARA Berhad is a financial services group and asset management company wholly-owned by Majlis Amanah Rakyat (MARA). Established on 24 June 1967, the Group is principally involved investments, asset management, financing activities and corporate advisory.
For further information, please contact:
Head, Marketing Communications
Pelaburan MARA Berhad
26 April 2017