Malacca Trust

[cyclone]

I'm reading Malacca Trust 2012 Annual Report.
It has 4 key subsidaries :
- PT Batavia Prosperindo Finance Tbk, listed on Indonesia Stock Exchange which provides consumer financing of primarily pre-owned passenger cars, commercial vehicles and heavy equipment.
- PT Batavia Prosperindo Aset Manajemen provides portfolio management services through diversified mutual fund products and bilateral discretionary contracts for institutional clients.
- PT Batavia Prosperindo Sekuritas, the Group's securities brokerage unit, capitalises on its diversified network of 6 branches across major cities in Indonesia to provide equity and fixed income brokerage, margin financing and corporate finance advisory services.
- PT Malacca Trust Wuwungan Insurance, is one of the oldest private national insurance companies in Indonesia. With offices in Jakarta, Bandung and Medan, MTI focuses on providing insurance for consumers and small medium enterprises fire, motor vehicle, travel, trans-shipment and personal accident insurance.

One of the flagship product under management by PT Batavia Prosperindo Aset Manajemen is Batavia Dana Saham. Link : http://www.bpam.co.id/en/products/equity/si-dana-saham

To my surprise, it has a performance of 5,000% percents in about 17 years. NAV per unit in the beginning of Rp. 1,000, becomes 49,945.85 as at 30 April 2013. The blue line is IDX Composite Index. This is really unbelievable.

[Image: portofolio_performance_bhs_bpam.png]

<not vested>

[cyclone]

Date of Listing : 27 July 2011. IPO Offer Price 22 cents SGD.
In the mean time : 25.94+14.1+14.1= 54.14 IDR per share dividends, about 0.5 cents SGD.
Now there is an Exit Offer of 30 cents SGD per share in cash.

Not too bad, compared to holding Sing Holdings in the same period.