Monday, 15 July 2013

MPHB cap targets top four spot

MPHB Capital has set a mission to be among the top four local general insurers by 2015..At the end of 2012 it was ranked 12th inclusive of foreign companies and eight among local insurance companies and commanded a market share of 3.3%.

  • "In three years time we estimate that the industry's total gross premiums will be RM19.3bn assuming a growth rate of 8% annually. We expect to rank 10th inclusive of foreign companies and fourth among local companies by then" said MPHB Capital COO Kheoh And Yeng.
  • On its undeveloped landbank, Kheoh said that the company does not intend to develop the tracts but is seeking options to maximise the assets' value either through outright sale or joint ventures. According its prospectus, MPHB Capital has a landbank of 906.5 acres located in Kuala Lumpur, Selangor, Penang, Johor and Terengganu. (Financial Daily)

Source: CIMB Daybreak - 15 July 2013

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