Interim Results
28 Septembre 2007 - 2:13PM
UK Regulatory
GENESIS MALAYSIA MAJU FUND LIMITED
INTERIM ANNOUNCEMENT
The Directors of Genesis Malaysia Maju Fund Limited announce unaudited results
for the period ended 30th June, 2007 as follows:
2007 2006
US$ US$
Total net assets for Participating 107,061,851 63,108,835
Preference Shares
Net assets per Participating 70.38 41.48
Preference Share
Net income per Participating Share 17.93 5.07
COMMENT
In the six months to June 30th, 2007, the Fund's Net Asset Value per share rose
by 34% to US$70.38. Over the same period the Kuala Lumpur Stock Exchange (KLSE)
index expressed in US Dollars rose 23.6%. The total income per Participating
Preference Share was US$17.93. The Directors do not recommend payment of a
dividend.
Malaysia's economy has continued to grow strongly during 2007. The
implementation of the Ninth Malaysia Plan has resulted in a return to pump
priming during the period with a focus on spending with a high multiplier which
has boosted underlying growth. In addition civil service pay rises have added
to the feel good factor in the economy.
The Malaysian stock market has been one of the best performing in Asia during
2007. The strong performance may have been aided by foreign investment inflows
resulting both from Malaysia's attractions and the diversion of investment from
Thailand following the political turmoil in that country. The liquidity flows
are starting to spill over from the equity markets into property.
By Order of the Board
HSBC Securities Services (Guernsey) Limited
28 September, 2007
GENESIS MALAYSIA MAJU FUND LIMITED
INTERIM ANNOUNCEMENT (continued)
APPENDIX
2007 2006
US$ US$
FINANCIAL HIGHLIGHTS
Total net assets 107,061,851 63,108,835
----------- -----------
Dividend income 1,460,363 1,177,357
Interest income 24,887 25,023
----------- -----------
Gross income 1,485,250 1,202,380
Net income for the year 27,269,466 7,707,932
Net income per Participating Share 17.93 5.07
---------- -----------
Net assets per Participating Share 70.38 41.48
---------- -----------
STATEMENT OF CASH FLOWS
Investment income received 1,093,527 767,757
Interest received 29,361 23,837
Expenses paid out of revenue (398,615) (410,174)
Purchases of investments (10,089,886) (10,174,671)
Sales of investments 15,120,914 8,484,721
Expenses paid out of capital (684,494) (544,313)
----------- -----------
Net Cash Inflow (Outflow) $5,070,807 $(1,852,843)
----------- -----------
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