PETALING JAYA: Following the third quarter ended Sept 30, 2021 (Q3 of financial year 2021 or FY21) results which came in below analysts’ expectations due to the impact of the prolonged lockdown on the premium growth of its family takaful business, a recovery is underway for Syarikat Takaful Malaysia Keluarga Bhd
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UOB Kay Hian (UOBKH) in a report noted that with the reopening of the economy in Q4 of 2021, the family takaful premium growth has started to recover from the month of October and this should lead to a quarter-on-quarter (q-o-q) improvement in Q4 earnings.
It said that net premium growth of 6% for the nine-month period and a relatively stable earnings trend were commendable, given the challenging environment.
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