CEO Tracy Chen noted that AmInvestment Bank recorded a total trade value of above RM56 billion on Bursa Malaysia last year.
On the other hand, it managed only RM264 million in its foreign investing services (FIS) in the same period, or about 0.5% of its total trade value currently.
“We are aiming for a 5% to 10% growth in our foreign investing services in the near term,” she said at the launching of the Singapore Stock Market Educational Campaign here today.
The campaign is a joint initiative by AmInvestment Bank and EquitiesTracker International Sdn Bhd.
Chen said market players are now able to trade through AmInvestment Bank in more than 12 exchanges worldwide. They include the US, Singapore, Hong Kong, Australia, Indonesia, the UK, Thailand, Japan, South Korea, the Philippines and Canada.
“Our trade value in the foreign markets is still very small compared with that on Bursa Malaysia, leaving us a lot of room for improvement. There are many opportunities out there, especially for retail players,” she said.
Chen said the campaign would include an in-depth stock education and the Singapore market outlook for clients and its sales force, who will be introduced to the latest EquitiesTracker Singapore (ETSG) tool.
She said Singapore is now ranked fourth as an investment destination, with about 11% of its FIS traded value.
“There is a lot of room to grow on the Singapore stock market and that is the main objective of launching this Singapore stock market educational programme. We are convinced we will see at least a 15% growth in trade value for the FIS in the next three financial years,” she added.
EquitiesTracker International CEO Alvin Vong said that the ETSG tool, powered by complex algorithms, is the fundamental gateway to information on all Singapore stocks such as price data, screeners, and analytics, including comprehensive real estate investment trust analytics and comparison tools.
The objective is to provide retail investors with free access to extensive information and analytics that institutions use to make investment decisions, he noted. This will help to level the playing field in favour of the small investor.