Page 91 - Full Book_24.4.2021

In Retrospect

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The Will to Suceed

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Achieving a Leading Repute

PERFORMANCE SUMMARY
BIMB Securities Berhad (“BIMB Securities”) recorded a
Loss Before Zakat and Tax (“LBZT”) of RM2.3 million for
FY2020 compared to LBZT of RM3.2 million in FY2019. |
Nevertheless, the Company had recorded increase in gross
brokerage from Retail Dealing by 250% and from Remisers
by 321% as compared to 2019. Gross brokerage from
Institutional Dealing had dropped by 27% as compared to
2019 with the shift of portfolio of institutional clients to global Paving the Way for a Sustainable Future
[199401004484 (290163-X)] markets and fixed income.
Income from Non-Dealing such Share Margin Financing and
Shariah Advisory services recorded an increase of 31% and 22%
respectively in 2020 as compared to 2019. Income from investments
and other income recorded a decline of 26% in 2020 due to the lower
rates from banks and fund management companies. 87

BIMB Securities had incurred losses in 2020 albeit lower losses as compared to 2019.
These were mainly due to lower income generated from Institutional Dealing
as clients shifted its investment portfolios. Nevertheless, BIMB Securities had
improved greatly in Retail Dealing and fee-based income, thus it aspires to
continue this upward trend in the years to come. The company had
also managed to reduce its expenses by 8% in 2020 as compare
to 2019, mainly with lower staff expenses by 14% as Adhering to the Best Governance Practices
compared to the previous year.

2020 |
Laying the Foundation for Financial Growth
HIGHLIGHTS

Online Trading Robotic Trading eClaims portal for eHelpdesk portal for staff Marketing Representatives |
Application Form staff (“MR”)
(“OTAF”) Collaboration Launched the eHelpdesk
with Mathcraft Launched the eClaims portal for staff in May Engaged MRs to assist the
With the expected Sdn Bhd to portal in the fourth 2020. The eHelpdesk Company in garnering more
prolonged MCO due provide robotic/ quarter of 2020 portal is a portal to business from potential Additional Information & Disclosure Summary
to COVID-19, BIMB algo trading to whereby employees facilitate employees’ retail clients. MRs are not
Securities had launched Retail Clients. are able to submit system (such as IT apps, salary based and are not
the OTAF in June their claims through PC, laptops, social media required to hold dealing
2020 to facilitate retail an online portal updates) and non-system license. They will enjoy
clients to fill in account and their claims will related requests (such commission sharing for |
opening forms without be routed to the as booking of meeting every client they bring in for
requirement of physically designated persons rooms, company car, BIMB Securities based on
meeting the dealers. for verification and supply of stationeries). the terms and conditions 24 th AGM Information
approval. agreed by both parties.