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Doorgift / Goody Bag

Nestle Malaysia AGM – Door gift / Goody Bag (April 2018)

By Leigh
Updated May 14, 2019 Filed Under: Annual General Meetings (AGM), Doorgift / Goody Bag 2

Nestle Malaysia Berhad AGM 2018 AGM Goody Bag

Nestle Bhd 2018 AGM

Nestle Malaysia’s Annual General Meetings have been consistently held in April since I’ve started investing in the company. This year it was held on a Thursday (again), 26 April 2018.

The previous year, I kept everyone up to date with the proceedings via Facebook posts. This year, I tried Instagram. For more AGM videos and pictures in the future, follow me @dividendmagic.

 

The Annual General Meeting (AGM)

Nestle Malaysia Berhad 2018 AGM Goody Bag
The Deets

From Neslte’s notice (pic above), the AGM itself was due to commence at 10am. However, the goody bags themselves, as well as breakfast, will be available from 8am.

Unlike last year, I was adamant on arriving early this time lest they run out of goody bags again. I set my alarm for 7.30am and took the LRT to KL Sentral.

 

Arrival, Registration and Collection of the Goody Bag

Nestle Malaysia Berhad 2018 AGM Goody Bag
Time of Arrival – 8.49 am
Nestle Malaysia Berhad AGM 2018 AGM Goody Bag
Nestle Shareholders
Nestle Malaysia Berhad AGM 2018 AGM Goody Bag
Registration
Nestle Malaysia Berhad AGM 2018 AGM Goody Bag
Mountains of Goodies

The AGM was held at the same place – Hilton KL and in the same ballroom. Registration took all but 5 minutes and I went ahead to the goody bag collection area right after.

I was afraid they’d run out again like last year, but as you can see, they came prepared this time around.

 

Refreshments and Breakfast

Nestle Malaysia Berhad AGM 2018 AGM Goody Bag
Milo – The booth was unusually quiet this year
Nestle Malaysia Berhad AGM 2018 AGM Goody Bag
Mango Nestum – Yuck!
Nestle Malaysia Berhad AGM 2018 AGM Goody Bag
Nescafe Booth
Nestle Malaysia Berhad AGM 2018 AGM Goody Bag
Red Rice?

Lugging around my heavy box of goody bag (I should have redeemed it after eating on hindsight), I went around visiting Nestle’s array of booths.

Milo was surprisingly unpopular, I think due to the recent controversy regarding its sugar content. I had about 5 cups throughout the day though. =)

I had some weird Mango Peach flavoured Nestum. And they were even selling Red Rice there.

Nestle Malaysia Berhad AGM 2018 AGM Goody Bag
The Hospitality Room
Nestle Malaysia Berhad AGM 2018 AGM Goody Bag
Hilton’s Packed Breakfast
Nestle Malaysia Berhad AGM 2018 AGM Goody Bag
Breakfast!

It was my first time having breakfast at Nestle’s AGM as I was late last year. They only serve the breakfast packs for shareholders who arrive by 9.30 am.

A Hospitality Room was prepared for us to have breakfast there.

 

The Goodies – What was in Nestle’s 2018 Goody Bag

Nestle Malaysia Berhad AGM 2018 AGM Goody Bag
A recycled bag instead of their usual box
Nestle Malaysia Berhad AGM 2018 AGM Goody Bag
Nestle Goodies
Nestle Malaysia Berhad AGM 2018 AGM Goody Bag
New Kit Kat – Matcha RED BEANs
Nestle Malaysia Berhad AGM 2018 AGM Goody Bag
Milo KOSONG – aka no sugar

The goodies received this year was less compared to last year’s. I see it as less cost for the company but some shareholders were unhappy about it.

To my dismay, they also gave the horrible Mango Peach flavored Nestum.

The green tea – red bean Kit Kat was nice. And I guess Nestle succumbed to pressure from the public and ramped up production for Milo kosong.

 

Before Nestle Berhad’s 2018 AGM

Nestle’s 2018 AGM was to be held at 10 am and I had about 30 minutes to kill after breakfast. Walked around some more and eventually waited beside the Milo booth.

Nestle Malaysia Berhad AGM 2018 AGM Goody Bag
Fellow Shareholders with their Goody Bags
Nestle Malaysia Berhad AGM 2018 AGM Goody Bag
The Crowd

 

End.

This will be all for now. I’ll be splitting this post up into 2 parts. I wanted to get this out as soon as possible for everyone who has been wondering about the content of Nestle’s goody bag this year.

Part 2 will consist of the content from Nestle’s actual AGM. Spoiler alert: We had good market share increase and profits.

For more AGMs, head over hERE for a long list of Malaysian companies and their door gifts.

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Nestle Malaysia AGM – Door gift / Goody Bag (April 2017)

By Leigh
Updated May 14, 2019 Filed Under: Annual General Meetings (AGM), Dividends, Doorgift / Goody Bag 25

Nestle Malaysia AGM 2017

Nestle Bhd 2017 AGM

Nestle Malaysia Bhd had their annual general meeting on 27 April 2017. I’m a month late in posting this but if you’ve been keeping up with my Facebook updates, you’d know that I went for the AGM but Nestle had, unfortunately, ran out of their door gifts. So here are the events that transpired.

The Annual General Meeting (AGM)

27 April 2017 was a gloomy Thursday and Nestle’s AGM was set to begin at 10 am. I was a little late and arrived at 10.15 am. The meeting was already underway and I didn’t want to disturb everyone by entering late. I proceeded to register myself and collect my door gift.

The whole AGM had a carnival-like atmosphere to it. Nestle set up a few booths promoting their new products and I’m pretty sure the shareholders that arrived before me had a wonderful time. However for me, arriving at 10.15 am, I only got to witness the aftermath.

Nestle Malaysia AGM 2017
Nestle – Creating Shared Value

Nestle Malaysia AGM 2017
Kit Kat Stand

Nestle Malaysia AGM 2017
Omega Stand

Nestle Malaysia AGM 2017
Registration Queue

Nestle Ran Out of Door Gifts!!

So, adding salt to my wounds, I found out after queuing for a good 15 minutes that Nestle had run out of door gifts and vouchers. Obviously, the shareholders weren’t happy with this and were making a scene the whole time.

Picture a hundred or so royally pissed old folks all around you, raising their voices at the poor Nestle IR team and demanding door gifts even though they had none. It’s not like they didn’t have a solution, Nestle had promised to deliver the door gifts to us. We just had to write down our contact details.

I didn’t see the point in arguing or reprimanding the good people at Nestle, it’s not like they could magically produce more goody bags for us.

Nestle Malaysia AGM 2017
Nestle Doorgift from other shareholders

19 May 2017 – The Arrival

Nestle’s door gift arrived on my doorsteps on 19 May 2017. It came with a nice little card thanking me for my patience as well as an RM50 Lazada voucher which was only eligible for Nestle products.

In the box were the usual Maggi noodles, Nescafe powder, and cereal. Passed all of it to my family and I took the bottle of Milo for myself. With the RM50 Lazada voucher, I bought myself 30 cans of 240 ml Nescafe Latte.

All in all, it was a pretty good haul for me as a shareholder.

Nestle Malaysia AGM 2017
Mine finally arrived!

Nestle Malaysia AGM 2017
Their thoughtful card

Nestle Malaysia AGM 2017
RM50 Lazada Voucher

Nestle Malaysia AGM 2017
2017 Nestle Goody Bag Products!

Nestle Malaysia AGM 2017
Maggi Oat Mee??

Investing in Nestle Malaysia Bhd

I’ve been a firm and staunch shareholder of Nestle Malaysia since March of 2014. I’ve also been receiving their goody bags in 2015, 2016 and most recently this year.

I own 200 units of shares in Nestle with a gross investment of RM13,376. Since 2014, I’ve received a total of RM1,620 in dividends from Nestle. That’s a 12% return via dividends only for 3 years. Today, my investments in Nestle are worth RM16,460, giving me a capital gain of 23.06%.

I’m expecting better dividends this month from Nestle and I’ve been looking for an opportunity to purchase more shares for 3 whole years now. The company just keeps growing, even with the implementation of GST in Malaysia.

Another really exciting development from Nestle Malaysia is their foray into e-commerce. The company is working really hard to increase revenue from their online sales and it should see huge increases in contribution to their bottom line in the coming years.

Do you own any shares in Nestle Malaysia? What do you think of the company?

Thanks for reading!

For more AGMs, head over hERE for a long list of Malaysian companies and their door gifts.

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AirAsia AGM 2017 – RM500 Flight Voucher

By Leigh
Updated May 14, 2019 Filed Under: Annual General Meetings (AGM), Companies in the News, Doorgift / Goody Bag 39

AirAsia AGM 2017

AirAsia’s 2017 AGM

First off, do forgive me for the lack of Facebook updates this time around as I was feeling a little under the weather throughout the day. That being said, I had a marvelous time attending AirAsia’s 2017 AGM this year with my newfound friends – Steve and Heng.

I arranged to meet up with them at Subang’s LRT station at 8 am. Steve had graciously volunteered to give us a ride to the Asian Aviation Centre Of Excellence where AirAsia’s AGM was to be held at 10 am. We arrived with an hour to spare and set about registering ourselves for the meeting first. Next up was the food!

The Food

There were significantly fewer shareholders attending the AGM this year so registration was swift and smooth for us.

We headed for the food next and this was what AirAsia served up. I think it’s similar to what you’d get on their flights. Compared to some of the other AGMs I attended, AirAsia’s nasi lemak was amazing!

Air Asia AGM 2017
AirAsia’s Nasi Lemak

The Annual General Meeting

AirAsia’s 2017 AGM was truly well run. The questions posed by shareholders were well-thought out and intelligent. The management revealed their capabilities and experience through their answers as well as video presentations.

AirAsia AGM 2017
The AGM

Air Asia AGM 2017
People rushing forward after the AGM

AirAsia AGM 2017
Sir Francis!

AirAsia 2017 Doorgift / Goody Bag

AirAsia AGM 2017
RM500 Flight Voucher

The doorgift this year was similar to the previous year’s. All attending shareholders got a RM500 flight voucher. Holiday, here I come!

The terms and conditions of the voucher will be delivered together with the vouchers. I’ll update accordingly. Another fantastic thing about AirAsia is their annual report, they’re actually making money through endorsements and sponsors with their reports! I’ve requested for mine to be delivered so again, I’ll update when I get it.

My very lucky friend Steve managed to get his cap signed by Tan Sri Tony Fernandes and Ms. Aireen Omar.

AirAsia AGM 2017
Autographed Cap

Findings from AirAsia’s 2017 AGM

Logistics for AirAsia

The management’s plan to venture into the logistics industry was one of the airline’s strategies I found to be the most exciting. With over 200 aircraft at AirAsia’s command and tons of belly space in those said aircraft, the plan seems to be a remarkably viable one.

“Companies like Amazon were planning to buy airlines and incorporate them into their logistics operations. AirAsia already has an airline.” Tony Fernandes on the management’s vision of AirAsia as a future logistics player. AirAsia is currently in talks with POS Malaysia and Singapore Post with possible partnerships and cooperations.

No Merger with AAX

At the AGM today, AirAsia Group CEO Tan Sri Tony Fernandes said the merger was never tabled to the board of directors, and the management remains in their belief that both short and long haul operations should be separated.

“AirAsia’s position is very clear, the board has never discussed this and there is no merger at all,” he said.

“The whole purpose of setting up AAX as a separate company, is because we believe it should be separated, and 10 years on we still believe that,” he added.

This came amid wild speculations from research analysts on potential mergers between the two airlines. The statement from Fernandes should put them to rest.

Special Dividends

Tony Fernandes also mentioned his plans for several special dividends for shareholders as AirAsia unlocks value from the assets it currently owns. Currently in the mix are the sale and disposal of Asia Aviation Capital (AAC), AirAsia’s leasing arm. Other potential assets mentioned were the 50% owned Academy – Asian Aviation Centre Of Excellence as well as stakes in companies such as Expedia.

Fernandes plans to pay out special dividends every 2 -3 years if and when AirAsia manages to dispose of their many assets and stakes.

Digitalization and Market Share

AirAsia is moving ahead of its competitors through technology. The airline plans to utilize their vast database of customers via their many planned digital platforms. From increasing ancillary sales on flights by understanding their customers better to grabbing and retaining market share through their BIG loyalty program.

There are many innovations and new things coming to AirAsia in the not too distant future. While I’m excited by some, I’m equally unsure about some of the initiatives mentioned. We shall see.

End.

At 6 pm yesterday, AirAsia released their Q1 2017 results which saw net profit drop by 29.8% to RM615.81 million. A key contribution to the drop in net profit is the sharp increase in staff cost by 27% as the airline aims to prevent a shortage of pilots by offering more attractive remuneration packages.

Many of you would’ve been shocked at the dip in AirAsia’s price on 24 May 2017 mainly due to the bad results of AAX. I am hoping for a further drop in price today as I am looking to purchase more of the stock.

I very much still believe in the management team at AirAsia and I’m confident of a good year ahead for the airline.

What do you think of AirAsia? 

Thanks for reading and a special thanks to Steve for the ride to the AGM!

For more AGMs, head over hERE for a long list of Malaysian companies and their door gifts.

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Tune Protect Group Berhad – Insurance Made Easy

By Leigh
Updated May 22, 2017 Filed Under: Annual General Meetings (AGM), Companies in the News, Dividends, Doorgift / Goody Bag 12

Tune Protect AGM Doorgift

Tune Protect Group

Overview

Tune Protect Group Berhad (“Tune Protect”), previously known as Tune Insurance Holdings Berhad is listed on the main market of Bursa Malaysia since its initial public offering in February 2013. The main business of Tune Protect is in insurance and reinsurance, primarily travel insurance and general insurance. Through its alliance with AirAsia and its affiliates, Tune Protect has been one of the major travel insurance players in Malaysia and the ASEAN region.

I purchased a total of 10,800 shares in Tune Protect (TUNEPRO 5230) back in February and July 2015 for an average price of RM1.7133.

Tune Protect Fundamentals – Annual Report 2016

The financial year 2016 has been a positive one for Tune Protect when compared to the dismal year of 2015. The company grew revenue by 7.6% to RM516.6 million. Profit after tax increased by 18.8% to RM86.6 million. Shareholders equity also grew 10.1% to RM496.6 million. Earnings per share of the company have grown to 10.64 sen from 9.17 sen a year ago.

Profitability metrics are more than suitable. Tune Protect has a return on equity of 16.1%. A good, solid number here.

For a more comprehensive view of the company’s financials, the 2016 Annual Report can be downloaded hERE.

Tune Protect, AirAsia and Tune Group

Tune Protect Ownership / Shareholders
Tune Protect Ownership

15.77% of Tune Protect is owned by Tune Group Sdn Bhd whose joint-shareholders are Tan Sri Tony Fernandes and Datuk Kamarudin Meranun. Another 13.65% is further owned by AirAsia Berhad. This strong correlation to AirAsia is the reason for the strong partnership between Tune Protect and the airline. I view this as a double-edged sword because Tune Protect is deriving most of its travel insurance income from AirAsia customers – a risk in my opinion.

That being said, this risk also creates a secure and all but guaranteed stream of income for Tune Protect. AirAsia and its owners Tan Sri Tony Fernandes and Datuk Kamarudin Meranun both have a significant interest in the company and I don’t foresee a break in the strategic alliance between the parties.

Tune Protect Insurance Structure
Tune Protect Corporate Structure – 2016 AR

Conclusion

All in all, I view Tune Protect as an insurance company with immense growth potential. I particularly like the direction the company is going in terms of digitalisation and ease of usage. The company’s partnership with AirAsia puts it in a strong position in the travel insurance industry.

In 2016, Tune Protect added RM540 to my annual dividend income, a 2.92% dividend yield for 2016. The stock is trading at RM1.58 today (22 May 2017), translating to a capital loss of 7.78% for me.

Have you taken a look at this stock? Like it? 

Tune Protect Group – AGM 2017

Tune Protect Group to face ‘Short-term Pains’ in 2017

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Tune Protect AGM Doorgift Tony Fernandes
Tony Fernandes and Kamarudin bin Meranun

The management stated in the AGM today that Tune Protect is quietly optimistic moving forward. They’re expecting to maintain single digit growth for the 2017 financial year.

Towards the end of 2016, the Malaysian Aviation Authority’s new requirement for airlines to provide an “Opt-in” facility for travelers purchasing travel insurance. This has huge negative implications for Tune Protect. However, management has several initiatives planned to offset this. The company is planning to collaborate with AirAsia, leveraging on the airline’s technology and digital platform.

AirAsia, Tune Protect ‘about to announce big tie up’

KUALA LUMPUR (May 22): AirAsia Bhd group chief executive Officer Tan Sri Tony Fernandes said the budget airline and Tune Protect Group Bhd will announce a major collaboration to further grow both companies’ income.

AirAsia is the largest shareholder in insurer Tune Protect with a 13.65% stake as at April 10, 2017. Tune Protect’s units include Tune Insurance Malaysia Bhd and Tune Insurance Labuan Ltd.

“Airasia and Tune Insurance about to announce big tie up. Both incomes will grow. PC (press conference) later.

“I believe Tune will create new markets through digital insurance,”
Fernandes said via Twitter.

The Edge Malaysia

Tune Protect 2017 AGM Doorgift / Goody Bag

I had a mini heart-attack today as I arrived to register for the AGM. They told us they ran out of door gifts again but fortunately more were on the way. I headed in to attend the AGM first after being told there would be enough gifts for everyone after the AGM. The AGM was conducted in GSC’s cinema theater and it was a well-run meeting.

Tune Protect AGM Doorgift
A tote bag that can be worn as a backpack is how I’d describe this.

Tune Protect AGM Doorgift
What was inside: A nice, fluffy round pillow for your travels.

Tune Protect AGM Doorgift
RM10 Secret Recipe Cash Voucher x2

End.

Surprisingly, the AGM today wasn’t filled with dumb questions. The shareholders today were much more sophisticated and involved.

The investor relations team from Tune Protect did a good job handling some rowdy shareholders who weren’t happy because they had to wait a few minutes for their door gifts. Some were even complaining because they wanted bottled waters to bring home.

To the Tune Protect IR team, thank you for a good AGM. And if it is of any consolation, I apologize for the garbage and self-entitled attitudes from some of my fellow shareholders.

Wanted to get a picture with Tony Fernandes but I was rushing to get some errands done. Doubt I’ll be able to during AirAsia’s AGM this coming Thursday (25/5/2017) due to the crowd.

Let me know if you’re attending the AGM this Thursday, we’ve still got 1 more slot in our little carpool squad.

After the AGM ended at around 11.30 am, I headed to Secret Recipe to redeem my RM20 cash vouchers. Had a plate of Stewed Australian Beef and a cup of coffee. Paid an extra 11 bucks for those.

As at 4 pm today, Tune Protect’s share price rose 11% to RM1.57, for a market value of a little over RM1 billion.

Thank you for reading!

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IGB REIT AGM 2017 (Doorgift inside)

By Leigh
Updated May 14, 2019 Filed Under: Annual General Meetings (AGM), Doorgift / Goody Bag 26

IGB REIT AGM 2017

IGB REIT AGM

IGB REIT AGM was held on 25 April 2017 (a Tuesday). I was really interested in putting a face to the management team of one of my favourite REITs, not to mention I’ve read online that they give out Cititel buffet vouchers every year. With that in mind, I journeyed to Mid Valley Megamall on a wet Tuesday morning.

If you’ve never heard of a REIT (Real Estate Investment Trust), you may find out more HERE.

This being my second AGM of 2017 (the first was Public Bank’s), I was a little more privy to the timing of it all. Making use of the KTM to avoid the anticipated traffic jam around Mid Valley, I arrived with about 10 minutes to spare. IGB REIT AGM was set to start at 11.30 am at Cititel.

The Venue and the sights that greeted me

IGB REIT AGM 2017
The Venue: Cititel

IGB REIT AGM 2017
Yup. This.

IGB REIT AGM 2017
And this.

IGB REIT AGM 2017
And more.

So the first guy in the picture, I don’t know why he had to sit down with his legs wide open right at the entrance. I saw him as soon as I got out of the lifts. Classy.

Don’t know if you’ve caught on by now, but AGMs in Malaysia are apparently attended 99% by our elders. I had a sliver of hope that this IGB REIT AGM would attract some youngER folks but I guess not. Turnout wasn’t as good as Public Bank’s AGM – I’d say IGB REIT’s was about 25% of the crowd.

Again, I have nothing against old people. Just wish there were younger folks showing interest in the companies they invest in.

The Refreshments

IGB REIT AGM 2017
Wow!! Empty Line?

See the nicely arranged cups and snacks in the first pic? My first thoughts: Wow I could actually have something before going in for the AGM.

I was then politely told that these were for another meeting. Walking ahead, I came across the familiar queue for refreshments. I didn’t want to waste my time in line, I think they served soya milk?

IGB REIT AGM 2017

IGB REIT AGM 2017 Doorgift

The moment some of you have been waiting for – I present you the Cititel buffet voucher! To be precise, a discount voucher. I expected a fully subsidized buffet..

After the AGM, I headed to Citi Cafe and found out a huge line outside. Apparently, the lunch buffet was close to RM38, dinner wasn’t though.

Oh and guess what some of the shareholders were doing right there? Offering to purchase the discount vouchers for RM20. Some even offered RM15. Another one of those Malaysian moments I guess.

IGB REIT AGM 2017 Buffet Voucher
IGB REIT AGM 2017 Doorgift – Buffet Voucher

IGB REIT AGM 2017
Parking Validation (submitted by a reader)

IGB REIT AGM 2017

As I mentioned earlier, the turnout was only about 25% of Public Bank’s. The ballroom started to fill out as the management team arrived.

IGB REIT AGM 2017
Pretty dismal turnout

IGB REIT AGM 2017
All set for AGM

IGB REIT AGM 2017
A familiar face from Public Bank’s AGM

IGB REIT AGM 2017
The management (4th from right is the main man).

IGB REIT AGM 2017
Spot Ms Elizabeth Tan on the left (Chief of Operations for the Gardens Mall)

IGB REIT AGM 2017
A closer look  : )

Remember my post on the CEO of Axis REIT – Leong Kit May? Well, it looks like IGB REIT is giving them a run for their money with their Chief of Operations (Gardens Mall) Ms. Elizabeth Tan. All jokes aside, she has been doing a good job, the whole team has.

This time around, the questions from shareholders were much better compared to Public Bank’s. The main topic of discussion was the parking bays at the malls. One particular suggestion was really good – Instead of having green and red lights to indicate and empty spot, a shareholder suggested that management instead put up only one green light (saving 50% of costs). As he astutely pointed out, no one looks for the red light.

Notice Mr. Singh from Public Bank’s AGM a month earlier, he attended this meeting as well. Though his complaints were nonsense in my opinion – He complained about the KTM’s being congested and packed. Dude, that’s a good thing. Also, it’s out of the management’s control. 

Findings

I found the management team of IGB REIT to be practical. These guys know what they’re doing. Tenancy for Mid Valley and The Gardens has never been an issue as they’ve a long queue of tenants waiting to rent. The issue right now is with the weak economy, it’s tough for IGB REIT to raise rental rates by a substantial amount. They’ve indicated that the rates however, will not be lowered but instead remain stagnant or raised slightly.

Even with the economy in bad shape, IGB REIT has managed to cut costs and increased profits in 2016. That is why their share prices has been going up. My confidence in the management has been greatly boosted after the AGM. I’m now waiting for the right price to add more of the REIT to my portfolio.

I’ve tried my best to take as many pictures as I could that day although they could’ve been better. I’ll practice my photography. Tips and suggestions on what you’d like to see the next time are welcome!

Thank you.

For more AGMs, head over hERE for a long list of Malaysian companies and their door gifts.

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Public Bank AGM 2017

By Leigh
Updated May 14, 2019 Filed Under: Annual General Meetings (AGM), Dividends, Doorgift / Goody Bag 10

Public Bank AGM

I attended the long awaited Public Bank AGM on 27 March 2017. It being my first time to a Public Bank AGM, I didn’t know what to expect. It’s tough to put into words the atmosphere of an AGM so I’ll let the photos I took do most of the talking. I’ve received photos from some of our readers and compiled the of them for your viewing pleasure. Thank you again, contributors!

So there were 2 main reasons I wanted to attend this year’s AGM. First and foremost, the door gift. And also to meet the legend himself – Tan Sri Dato’ Seri Dr. Teh Hong Piow, founder of Public Bank. He is 87 this year.

I realize I could’ve improved this post with the full documentation of my journey. But alas, I’m still a newbie. I’ll learn.

Getting there

According to the notice, the AGM was poised to begin at 11 am sharp. Registration started as early as 7 am. Reading around online, I figured that parking would be an issue. So I decided to try out our new LRT. The whole journey took me about an hour and cost RM4.

The AGM was held at Shangri-La hotel in Kuala Lumpur. I arrived at 10 am and boy was I glad I took the train. The picture doesn’t really show it but it was a complete standstill outside the hotel. It didn’t help that all the drivers were old people..

Public Bank AGM
Entrance

We arrived just in time to catch a glimpse of Tan Sri Dato’ Seri Dr. Teh Hong Piow with his entourage walking into the hotel. All attempts of getting a picture of him with me inside failed miserably. I did snap a shot of his ride – it is a Rolls Royce. And he seems to love the number 3, all three cars had them.

Public Bank AGM
Tan Sri Teh Hong Piow’s Ride

Registration

Next step was registration. They had like 20 counters so there wasn’t much queueing up to do. It took all but 5 minutes to register with my NRIC and get my doorgift. It was a bloody red-colored bag that says Public Bank at the side. Major disappointment. I guess useful now that Malaysia is implementing the no plastic bags rule all over.

Public Bank AGM
Registration

‘Refreshments’

As specified in the AGM notice, refreshments will come in the form of coffee and tea. Nothing else. I made do with some water and headed across the street for some sandwiches at O’Briens.

Public Bank AGM
The ‘Refreshments’

Public Bank AGM
Old People Everywhere!

The Annual General Meeting

Finally, at 10.45 am, I headed down to the main hall for the main event – Public Bank AGM. 90% of shareholders attending the AGM were old folks, where are all the young Malaysian investors at?! The only youngsters below the age of 40 I see there were Public Banks’ staff.

Also, as seen in some of the pics, the main hall where Public Bank AGM was supposed to be held was fully seated. It was a sad and pitiful sight to see so many old people being forced to stand around throughout the duration of the AGM. Many couldn’t take it and had to leave the hall, not to be let in again.

Public Bank AGM
Heading down

Public Bank AGM
More old people

Public Bank AGM
In the main hall. More.

Public Bank AGM
And more!

Public Bank AGM
It begins

Public Bank AGM

Public Bank AGM
The man himself

Public Bank AGM
The stuff you hear everyone preach

Rant

Rant incoming. I really hate Malaysians. We are sorely lacking in class. When the board of directors opened up for questions from the floor, guess what happened?

  1. Uncle Singh came up to the mic and complained about the bad service and malfunctioning of the thumbprint readers at his branch;
  2. Chinese Auntie was next, she congratulated the directors, wished Tan Sri good health etc… And proceeded to promote her god damned charity. Even had the audacity to shout out her phone number to get donations;
  3. More congratulations and wishing of good health for the chairman;
  4. A woman in kebaya claims she flew from east Malaysia because her parents sent her to request for FD for senior citizens that pay monthly interests;
  5. Middle aged guy asked to continue the FD promo because he likes it; and
  6. More congratulations and wishing of good health for the chairman.

Seriously.. wtf. An AGM isn’t the avenue to discuss your bloody thumbprint reader at your kampung branch. Neither is it the place to ask for donations for your charity!!

The board of directors and the founder of Public Bank doesn’t want to hear you wishing him good health 20 times during a meeting. As for your FD requests, take it up with your branch manager or something. Not to the board of directors. GEEZ

Apologies for the rant but seriously every single one of the shareholders either asked stupid questions or said stupid stuff. Essentially, everybody’s’ time was wasted. The chairman of the meeting was visibly pissed and I really respect him for having the patience to deal with Malaysians.

End.

That last picture. That same phrase and mantra have been repeated time after time. You hear it, especially from your relatives and grandparents. It goes like this ‘If you purchased 1,000 units of Public Bank shares 50 years ago, subscribed to all its rights issues, and reinvested all dividends. You’d be a millionaire today. So during this Public Bank AGM, they did the math and came up with this diagram. Not only would you be a millionaire, you’d have RM4.1 million today.

It goes like this ‘If you purchased 1,000 units of Public Bank shares 50 years ago, subscribed to all its rights issues, and reinvested all dividends. You’d be a millionaire today. So during the Public Bank AGM, they did the math and came up with this diagram. Not only would you be a millionaire, you’d have RM4.1 million today.

Also the 19% compounded return p.a.

My comments about old people are meant as light hearted humor. I respect my elders and if anything, the showing of so many elderly people at this Public Bank AGM is a sign of the trustworthiness and capabilities of the bank. So please refrain from sending me any hate mail on this issue. 

As always, thank you for reading guys. I hope more of you will be able to join me for other AGMs in the future.

For more AGMs, head over hERE for a long list of Malaysian companies and their door gifts.

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