In a filing with Bursa Malaysia yesterday, Takaful Malaysia said the family takaful business generated gross earned contributions of RM1.61bil for FY18, a 27% increase against the RM1.26bil in the previous corresponding period.
PETALING JAYA: There is potential for Syarikat Takaful Malaysia Keluarga Bhd
(STMK) to pay out special dividends following its low capital expenditure (capex) requirements, said Affin Hwang Capital Research.
“Our investment thesis on STMK is based on its potential to deliver a return on equity (ROE) of circa 33%-35% in 2019-2021, which is driven by new growth strategies such as expansion of high-margin products like credit-related Takaful cover (for banks’ customers) while leveraging on the digital channels and affiliated partners for distribution (which helps in lowering agent’s fees),” the research house said.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
