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News in brief: July 6, 2022

06/07/2022 09:08 PM

FSMONE MALAYSIA, a multi-asset investment platform, has assured Malaysian investors that unit trusts are still relevant and a viable option that can help them achieve medium- to long-term financial goals.

In a statement today, general manager Koh Soo Cheng said unit trusts continue to be an essential investment vehicle for all investors as it allowed them to build highly personalised and appropriately diversified portfolios to achieve their financial goals.

“From our analysis, we observed that throughout various market cycles over the years, the performances of our recommended unit trusts have consistently been up to the mark against peers within the same category,” he said.

“We are committed to providing the best of wealth management all under one platform. To that end, FSMOne Malaysia has launched stocks and exchange-traded funds trading capabilities supporting Malaysia, the United States, Hong Kong, and Singapore exchanges last year, and will be supporting the China A-Shares exchange on July 8, 2022,” he added.



SMTRACK BHD's wholly-owned subsidiary, SMT Turbojet Resources Sdn Bhd (SMTJ), has secured a project management consultancy job and will be the administrative consultant for the petroleum oil and gas (O&G) industry safety product purchase process or any traceability solutions compatible with the system to the targeted end-users.

In a statement today, SMTrack said SMTJ has entered into a Project Management Consultancy Agreement with Eight Safety Consultancy Sdn Bhd (8SC) today.

Under the agreement, SMTJ is entitled to five per cent to 10 per cent of the total project value profit, which will help to diversify the group’s revenue streams.

SMTrack deputy executive chairman Azmi Osman said SMTJ's strength in Radio Frequency Identification solutions would enable the group to provide an effective project administration management support for the O&G industry project.





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