AmInvestment Bank eyes 5-10 pct near-term growth in foreign market investment

PETALING JAYA, Jan 10 (Bernama) -- AmInvestment Bank Bhd is aiming for five to 10 per cent growth in its foreign investing services (FIS) in the near term from about 0.5 per cent of its total trade value in the foreign markets currently. 

Chief executive officer (CEO) Tracy Chen Wee Keng said that through its FIS, AmInvestment Bank clients are able to trade in more than 12 foreign markets worldwide, including markets in the United States, Singapore, Hong Kong, Australia, Indonesia, United Kingdom, Thailand, Japan, Taiwan, South Korea, the Philippines, and Canada.

“Our trade value in the foreign markets is still very small compared to that on Bursa Malaysia and we believe there is a lot of room for improvement as there are a lot of opportunities out there, especially for retail players. 

“We actually recorded a total trade value of above RM56 billion in Bursa last year but for FIS, our trade value is only RM264 million,” she said at the joint launch of the Singapore Stock Market Educational Campaign with EquitiesTracker International Sdn Bhd here yesterday.

Chen said that as a value-added service, the campaign consists of an in-depth stock education and Singapore market outlook for the stakeholders, namely the clients and the sales force.

Throughout the sharing session, the stakeholders will be introduced to the latest EquitiesTracker Singapore (ETSG) tool, with AmInvestment Bank being the first broker in Malaysia to subscribe to the tool, she said.

She also noted that out of its foreign market investments, the Singapore market is ranked fourth as an investment destination with about 11 per cent of FIS traded value.

“There is a lot of room to grow the foreign trade on the Singapore stock market and that is the main objective of launching this Singapore stock market educational programme. 

“By launching the campaign, we are convinced we will see at least a 15 per cent growth in trade value for the FIS in the next three financial years,” she added.

Meanwhile, EquitiesTracker International CEO Alvin Vong said that the ETSG tool, powered by complex algorithms, is the fundamental gateway to and provides full coverage of information on all Singapore stocks such as price data, screeners, and analytics, including comprehensive real estate investment trust analytics and comparison tools.

The tool aims to create a level playing field between retail investors and institutions by providing retail investors with free access to extensive information and analytics that institutions use to make investment decisions, he noted.

“It is an important mission for us, as an investment education provider as well as the partner of this Singapore Stock Market Educational Campaign, to conduct a series of hand-holding workshops along the way to educate AmInvest clients with much-needed knowledge on the Singapore stock market.

“We are pleased to see more investors expanding their portfolios by trading both locally and globally. We are hoping to see a 20 per cent increase in the users of the ETSG tool after the launch of this campaign,” he added.

-- BERNAMA