Download Slide 1

Bumi Shareholdings







2002
2000
1998
1990
18.7%
19.1%
20.6%
19.3%
Average Bumi Capital Growth Rate
1970-1991
29.6%
1992-2000
11.7%
2002 Non Bumi & Nominee shareholding

Non Bumi shareholdings 2002 40.9%





2000
1990
Nominee Cos
Bumi with half of nominees
Non Bumi with half of nominees
40.3%
46.8%
9.2%
25.2%
45.5%
Bursa Malaysia



Market Capitalization: RM700b
Every Co listed on Bursa complies with 30%
Bumi share
Bumis have 2 chances in public ballot
resulting in every listed Co >30% Bumi
shareholdings
Government Linked Cos




Post Asian Crisis: Many Bumi Cos purchased
by Govt. & Petronas & became GLCs.
Govt. paid higher than market prices &
restructured them
57 listed GLCs: Market cap. RM260b
GLCs comprise 54% of KLCI and 36% of
Bursa capitalization
Government Linked Cos



GLCs directors, management and staff
overwhelmingly Bumiputeras
Bumiputera agenda in capacity building
through development of human capital,
suppliers and vendors
Government holdings in GLCs should be
included as Bumi
Petronas





2003 Shareholders funds RM129.4b
2003 Profit before tax RM58b
Market Cap at PE15x = RM870b.
Larger than Bursa Market Cap of RM700b.
Bumiputera Agenda in Capacity Building
Sectorial Analysis





Plantations: FELDA & PNB Cos
Agriculture: Bumis own much of Agri land
Aerospace: Airod Industries
Defense: PSC Industries, Bumi Cos supply
arms, equipment
Petroleum & Gas: Petronas, MMC, licensing.
Bumis have substantial holdings in MNCs
Shell, Exxon, BP
Sectorial Analysis



Finance & Banking: 8 of 10 Banks are Bumi
owned & controlled
Automotive: Proton, Perodua, DRB
Hicom,UMW, Naza. APs for Bumis
Energy & Utilities: TNB, Malakoff
New Industries



IT
Biotechnology
Tourism
Concerns








What makes up the 18.7% Bumi?
Public Cos: All have >30% Bumis
Private Cos: Data not available to public
Are we responsible for decline?
State Government shareholdings?
Shareholdings are at par value
SMEs comprise 92% of registered Cos, 1/3
insolvent. Balance contributes to 6% GDP
Corporate shareholdings not = wealth
Ways of Maintaining Bumi holdings




Classify Bumi shares as B shares. B shares
trade at discount, higher yield
Shares to be owned by trust institutions
Once Bumi holding level is achieved. Any
subsequent sale is not counted
Khazanah and state holdings to be classified
as Bumi