LYCOS RETRIEVER 
Teh Hong Piow
built 633 days ago
Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said Public Index Fund has generated a one-year return of 38.85% for the period ended 11 January 2008, according to The Edge-Lipper Fund Table dated 21 January 2008. This fund has generally outperformed its benchmark Kuala Lumpur Composite Index (KLCI), which registered a gain of 37.08% for the same period.
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Teh Hong Piow (#7) has long been respected for his prudent management of Public Bank. The Public Bank Group’s pre-tax profit was RM150.1 million in 1998, a decline from RM472.7 million for the corresponding period in the preceding year. In 1999... the Group’s profits rose sharply to RM600 million, a performance surpassing that of other banks. Public Bank’s prudence in lending is reflected in its low proportion of non-performing loans (NPLs). When the default period for loans was three months – it was subsequently increased to six months – Public Bank’s net NPL was only 2.4 per cent compared to the whole banking system’s 9.3 percent. It was the stockbroking arm of the Public Bank Group that suffered losses at the height of the crisis in 1998, but this firm has since returned to profitability.
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Tan Sri Teh added that PBICPF provides a safe option for sophisticated investors with low tolerance to risk who wish to park their monies on a short-term basis. The minimum initial investment of the fund is RM250,000 and the minimum additional investment is RM100,000. Its issue price is RM1 per unit with a service charge of up to 0.25% of net asset value (NAV) per unit. Annual management fee is fixed at 0.375% per annum of its NAV.
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Some examples are Teh Hong Piow's companies such as Public Bank and Public Finance, Hong Leong group companies such as OYL Industries and Hong Leong Bank. Lee Shin Cheng's companies such as IOI Corp and IOI Prop in addition to IOI Oleo, Malayan Banking, Azman Hashim's AMMB group of companies, British American Tobacco and the like.
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Teh said the equity exposure of PISTF would range from 75% to 95% of its net asset value (NAV). The issue price is 25 sen per unit during the 21-day initial offer period to March 17, 2008. The minimum initial investment is RM1,000.
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Pengasas bank ini ialah Tan Sri Dato’ Sri Dr. Teh Hong Piow. Penubuhan Public Bank adalah pada 6 Ogos 1966 dengan pembukaan cawangan pertamanya di Jalan Gereja, Kuala Lumpur. Pada 6 April 1967, Public Bank telah disenaraikan di Bursa Saham Kuala Lumpur dengan modal berbayar sebanyak RM16 juta.
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