00:00The sale of MHB shares by the KWSP listed fund manager by his department in 2023 in the Malaysian Stock Exchange
00:11is part of the KWSP's active trading strategy to benefit the movement of stock prices and investment earnings in the short term.
00:22The MHB shares have been sold for RM6.80 to RM7.70 per unit,
00:29resulting in an income of RM102 million for the division of the KWSP dividend in 2023.
00:39The performance of the MHB shares that exceed the Kuala Lumpur Composite Index of 11.47% is also the main factor of this strategy.
00:53The accusation that the KWSP is suffering a loss from this sale is baseless.
01:03This was clearly rejected by the KWSP through its final statement on 12 February 2025.
01:09Based on this statement, it is clear that the KWSP has noted the benefits of selling and buying MHB shares
01:18and managed to record an income of RM63.48 billion for the financial statement on 31 December 2023.
01:31With that, it has managed to set aside a dividend of 5.5% for conventional storage and 5.40% for legal storage.
01:43Overall, since 2014, the total income from active trading and the collection of MHB dividend shares has reached RM650 million.
01:54The activity of selling and buying MHB shares and the completion of MHB privatisation this year are two different investments,
02:05namely from the investment consultants and from the department that is responsible for managing the investment.
02:12As of the announcement of the Sukurela or VGO offer on 15 May 2024 in Busan, Malaysia,
02:20the activity of MHB shares by the listed shareholder is proceeding according to its mandate to generate returns for the KWSP members.
02:35Based on the statement of the Minister of Finance, I suggest that the Minister of Finance should consider to submit an item as an advice to the KWSP.
02:45Because it is great, it has a crystal ball. It can know when a share goes up and when a share goes down.
02:50So when the KWSP wants to sell a share, ask the KWSP.
02:53If the share price goes up, don't sell it first. If the share price goes down, sell it quickly.
02:58My question is, why does the KWSP need to sell MHB shares before announcing the dividends?
03:14Considering that the dividends are announced only on paper and there is no cash flow coming out of the KWSP to pay dividends.
03:24That's enough. I understand. Please sit down.
03:26Honourable Chairman, what does the Honourable Chairman want to say?
03:31I would like to ask him to step back.
03:33Because the view of dividends is common among the people.
03:36We celebrate it.
03:37Maybe some people don't agree.
03:40But we discuss it professionally.
03:44And you are right. Your view is respectable.
03:47When we have a different view, we use our words.
03:50This is why we need the people.
03:52What can we do if we only listen to one side?
03:58Alright. This is my decision.
04:02I maintain my status quo.
04:04This is just a discussion.
04:09Next, please.
04:13Honourable Chairman, you have no further questions, right?
04:16Yes, I will finish my question.
04:18Considering that the KWSP has been announced,
04:21what is the KWSP's plan to ensure that the KWSP is able to pay dividends to the KWSP members?
04:31Honourable Finance Minister, please answer.
04:34Based on Section 27 of the KWSP Act 1991,
04:39the distribution of KWSP dividends is according to the actual performance of KWSP investments.
04:46In other words,
04:48the amount of dividends is only based on the income from the sales of an investment for that year.
04:59What needs to be emphasized here is the assessment and discussion that started with the VGO
05:09only started in July.
05:17Nothing else was agreed upon.
05:20During the sales period,
05:24the KWSP's Public Equity Department did not have any information
05:28or access to information related to the offer on the MHB.
05:32The offer from the KWSP's consortium was to take away all the MHB shares that were not owned.
05:41At a price of RM11,
05:43each share was a new investment for KWSP for a long period of time.
05:48So why is the KWSP willing to buy MHB at this price?
05:54The involvement of KWSP this time takes into account
05:58the aspect of creating a more strategic added value,
06:02i.e. value acceleration,
06:03and a new strategy,
06:05as well as the implementation of the MHB recovery and improvement plan
06:10that will ensure that the MHB is in the right place to be re-listed at a higher price.
06:18This can only be achieved through the transformation of the MHB operation.
06:23As soon as this process is completed,
06:27the consortium will pay full attention to improve the infrastructure,
06:33as well as the construction and passenger experience.
06:39Perhaps roughly speaking,
06:42this does not seem to play an important role in the recovery of the MHB.
06:50But in fact,
06:54this change will be the basis for the strategic transformation of the MHB
07:00in increasing investment and improving the experience of passengers, people and tourists.
07:07Efforts will not only be focused on the main airport,
07:12such as KLIA, Pulau Pinang and Kota Kinabalu,
07:15but will also be carried out to improve other airports,
07:20such as Tawau, Kota Baru and Ipoh.
Comments