icapital.biz to double assets in 5 years

Uncle Tan... one of malaysia share sifu

"If we don't deviate from value investing and invest in attractively priced stocks, the returns in the next four to five years would be pretty attractive," managing director Tan Teng Boo said today at the company's inaugural Investor Day.

"Previously when we first did our Initial Public Offering in 2005, we hoped to double our assets in four to five years, and we have surpassed our target," he said.

He added that the company had achieved a growth of more than 130 per cent since the company was listed.

Speaking about the Investor Day, he said the event was organised to educate individuals on investing.

"For individual investors, it would usually be difficult for them to get the right information.

"Today, we have leaders of companies that we invest in to provide talks to the public, so they can understand about the business and invest properly," he said.

He added that if individuals invest properly, there is no reason why they could not obtain profits.

The event features various exhibition booths, investing talks and investor presentations from the companies that the company has invested in.

icapital.biz is Malaysia's only listed closed-end fund.

For the last financial year ended May 31, the company recorded a pre-tax profit of RM37.644 million, an increase from RM7.489 million in the previous corresponding year while revenue increased to RM42.223 million from RM11.414 million. -- Bernama

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