PNB has no plan to list another REIT, says CEO

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KUALA LUMPUR (April 2): Permodalan Nasional Bhd (PNB) currently has no further plan to list any of its assets in the form of another Real Estate Investment Trust (REIT) on Bursa Malaysia, said its president and group chief executive Datuk Abdul Rahman Ahmad.

“PNB already has one REIT [listed on Bursa Malaysia] that is called AHP [Amanah Harta Tanah PNB]. So for the time being, PNB has no plan to add another REIT.

“In fact, I’m not sure whether we are allowed [to add more REITs] since we already have one already,” he told reporters at a press conference today.

The REIT, which is managed by PNB's wholly-owned unit Pelaburan Hartanah Nasional Bhd (PHNB), was set up to complement PNB’s unit trust business.

AHP has been listed on the Main Market of Bursa Malaysia since 1990.

Besides AHP, PNHB also manages a private trust named PNB Property Trust.

Last week, its group chairman Tan Sri Dr Zeti Akhtar Aziz said PNB is looking to diversify its portfolio across different asset classes, including fixed income and REITs as well as across different geographies, as it conducts the mid-term review of its Strategic Plan 2017-2022.

She said the diversification of the fund’s portfolio falls under the reviewing of its strategic asset allocation and optimal liquidity management, along with other key areas comprising enterprise risk management and organisational transformation.

PNB today announced that it will be hosting its flagship event Minggu Saham Amanah Malaysia (MSAM) in Sungai Petani Kedah, from April 19 to 25, expecting 150,000 visitors to join the event.

In line with the objective to enhance financial literacy among Malaysians, Rahman said the MSAM exhibition, in collaboration with the Kedah State Government, will provide multiple platforms and activities for visitors to explore and understand the journey of their investment.

“There will also be a showcase of all PNB’s strategic companies where the public can see the strength of the companies that they invest in through their unit trust holdings with Amanah Saham Nasional Bhd (ASNB), such as Amanah Saham Bumiputera and Amanah Saham Malaysia,” he said during his opening speech.

“We also hope that through this effort, unit holders and society at large will gain enhanced awareness of the correlation between risks and returns,” Rahman added.

The corporate partners of MSAM 2019 are Maybank Bhd, Sime Darby Plantation Bhd, S P Setia Bhd, and UMW Holdings Bhd in the Rakan Premier category.

Meanwhile, Sime Darby Bhd, Projek Lintasan Kota Holdings Sdn Bhd (Prolintas), MNRB Holdings Bhd, Takaful Ikhlas Bhd, MIDF Bhd, Sime Darby Property Bhd, Perodua and Heitech Padu Bhd are in the Rakan Utama category, while Duopharma Biotech Bhd, Velesto Energy Bhd and CCM Bhd are in the Rakan category.

The annual MSAM event, which was first held in 2000 by PNB, has managed to attract thousands of visitors every year, totalling 3.8 million visitors to date.