The 20th AGM of icapital.biz Berhad (ICAP) was held on Saturday, 26th Oct at KLCC. 

The AGM saw a turnout of nearly 500 people. This was much larger than the 2023 AGM.

This year, the AGM progressed very efficiently and smoothly, like it used to. We hope that it will stay this way so that the AGM can focus on key investment matters.

This year’s AGM of ICAP also saw special performances by 3 young Malaysians. Last year, ICAP, together with Capital Dynamics, sponsored and organised the i Capital Talent Show. This is an event meant to be a channel or platform where young Malaysians can showcase their talents. The 3 young performers were finalists in the 2023 i Capital Talent Show.

As Tan Teng Boo explained in the AGM, ICAP is the only listed company to conduct such corporate responsibility activities, especially aimed at the young Malaysians. For Malaysia to progress and succeed, we need to retain our talents, whatever they may be. 

Shareowners registering and having their breakfast before AGM starts.

There’s no better time to join the ICAP Fan Club, a space for like-minded shareowners of ICAP to convene. The first 300 new members will receive a complimentary ICAP Fan Club T-shirt.

Dr Lorenzo Casavecchia presenting on icapital.biz Berhad’s NAV and share price performance. Over the longer term, icapital.biz Berhad’s NAV achieved an annual compound return of 8.00%, as compared with 1.76% for the MSCI Malaysia index, both measured from its inception date on 19 October 2005 to 23 August 2023. For the same period, icapital.biz Berhad’s share price achieved an annual compound return of 6.75%, outperforming the MSCI Malaysia index by 4.99 percentage points.

Dr Hardy Hulley and Teng Boo presenting on icapital.biz Berhad’s very innovative dividend policy, which was set up after years of extensive research, to ensure that the gap between the Fund’s share price and NAV can consistently be auto-remedied moving forward. The innovative dividend policy will address the needs of various shareowners – those seeking long-term capital appreciation, those needing some regular distribution and those who may have to cash in their holdings.

The annual general meeting of ICAP has always been held on a Saturday, to encourage a high level of participation and for the convenience of individual investors. Prior to the pandemic, its annual general meeting has often witnessed an active participation of 700 to 800 shareholders.

Shareowners having their breakfast before AGM starts

Shareowners showing their support and raising their hands in agreement



Throughout his decades-long investing and business career, Teng Boo has always believed in empowering and championing individual investors. As he said during 2014 Investor Day in October 2014 : “if I can convert one person to become a better person and a better investor from this, I would be happy. That person would go on to influence other people in their lives, and eventually they would all make a better Malaysian economy.” To him, the equation is simple : a robust economy needs a strong capital market, which in turns needs informed participants, including individual investors.
NCZ 7456 scaled

The Fire Weather Index (FWI), measuring the dryness of forests, of nearly the entire Canada far exceeded the norm.

“Life-threatening” flooding in New York City which overwhelmed the streets and subways is one of the many outcomes of our ignorance to the world’s cry for help

Teng Boo showing the acceleration of ice melting in Southern Greenland

Shareowners watching “A Plastic Ocean” during the afternoon session, a documentary that explores the fragile state of our oceans and uncovers alarming truths about the consequences of our disposable lifestyle.

One of the shareowners during the Q&A session

The Hybrid 18th Annual General Meeting (“18th AGM”) icapital.biz Berhad was held on 26 November 2022 at Kuala Lumpur Convention Centre

Presentation by the Designated Person – Mr Tan Teng Boo

Mr Tan Teng Boo was answering the Q&A from the shareowners

A close-up on the Board of icapital.biz Berhad, Designated Person and Company Secretary

End of Mr Tan Teng Boo presentation and Q&A session 

The Chairman of icapital.biz Berhad, Dato’ Seri Md Ajib bin Anuar giving his opening speech

Presentation by Ms Tan Mun Lin (Non-Independent Non-Executive Director of icapital.biz Berhad)

Registration of share owners and proxies in progress

Share owners and proxies paying close attention to the presentations

Preparation by the Board of Directors, Designated Person, Company Secretary, and the staffs before the AGM

The Seventeenth Annual General Meeting (“17th AGM”) of icapital.biz Berhad was conducted virtually on 20 November 2021.

The Designated Person and members of the Board getting ready to start the 17th AGM.

On the far left is Mr Tan Teng Boo, the Designated Person, followed by members of the Board comprising of Ms Tan Mun Lin (Non-Independent Non-Executive Director), Mr Boh Boon Chiang (Chairman of the Audit Committee, Independent Non-Executive Director) and the Chairman, Dato’ Seri Md Ajib bin Anuar.

On the far right is Datuk Mohd Nasir Bin Ali (Independent Non-Executive Director) followed by Dato’ Sri Syed Ismail Bin Dato’ Haji Syed Azizan (Chairman of the Nomination Committee, Independent Non-Executive Director) and Ms Tai Yit Chan, our Company Secretary.

The Company Secretary of icapital.biz Berhad, Ms Samantha Tai, confirming a quorum is present before Chairman call the meeting to order.

Due to covid-19 pandemic, the Sixteenth Annual General Meeting (“16th AGM”) of icapital.biz Berhad was conducted virtually on 28 November 2020.

Broadcast venue of the 16th AGM of icapital.biz Berhad.

The Chairman of icapital.biz Berhad, Dato’ Seri Md Ajib bin Anuar giving his opening speech.

The Chairman of the Nomination Committee of icapital.biz Berhad, Dato’ Sri Syed Ismail Bin Dato’ Haji Syed Azizan.

The Chairman of Audit Committee of icapital.biz Berhad, Mr Boh Boon Chiang.

The Designated Person of icapital.biz Berhad, Mr Tan Teng Boo.

Teng Boo patiently answered questions from the share owners.

The hall quickly fills as our 15th AGM begins.

There’s always room to listen to one more point of view at our AGM, no matter who it’s from.

Shareholders from all walks of life can barely contain their anticipation.

Everyone listens attentively as Tan Teng Boo fields shareholder questions by tirelessly laying out the truth and hoping people finally come round.

Sometimes things get heated at our AGM, and that’s when the necks start to crane!

Even after all these years, Tan Teng Boo still knows how to charm an audience.

Shareholders speak their mind and kick the heat up a notch.

A shareholder brings his thoughts and inquiries to the table.

Despite what Teng Boo says about democracy, he will always let our shareholders have their say and exert their sway!

Shareholders get ready to cast their vote at the AGM polling session.

Every vote counts at our AGM, and so does every shareholder.

Crowds of shareholders file in to register for our AGM despite the lingering presence of the haze.

Everyone sits down to a nice lunch after a bracing morning of questions and answers.

Not a silent table to be found in this lively hall of diners!

Time to consider the angles over a cup of tea.

Two young men so enraptured in an on-going discussion that their food fades into insignificance.

It’s not all serious business on AGM day!

It’s not just the guys who want to know how to make money!

Young and old alike share a table at our AGM lunch.

Everyone breaks out in smiles when it’s time for tea!

Shareholders check out our smorgasbord of free newsletter samples.

Shareholders help themselves to our free newsletter samples as well as brochures for our upcoming China Immersion Program.

Shareholders file in to register for our AGM despite the lingering presence of the haze.

No reason to forgo sound investment advice when it’s free!

Time to grab a newsletter or two… or five.

What’s cooking in the Capital Dynamics kitchen? Inquiring shareholders want to know.

A shareholder takes a look at the Chinese edition of our printed newsletter.

The Chinese edition of our printed newsletter is hugely popular with our shareholders.

It’s never too late to consider investing in a bright future.

No matter the hour, the truly debonair always have the time to strike a cool pose…

One of our senior staff captivates shareholders with opinions built on years of research and experience.

There’s always time to listen to what someone else has to say.

Shareholders and staff alike have a good talk about the state of the world, their own affairs, and everything in between.

It’s always good to see the faces of shareholders familiar enough to be old friends.

No amount of lukewarm tea could dampen our shareholders’ spirits!

Tan Teng Boo shares his thoughts on investment, life, and the world at large.

There’s a lot to say about the state of things, and you can bet that Tan Teng Boo is gonna say them.

Tan Teng Boo delivers a refreshing perspective on the world with his trademark candor.

Some of what Tan Teng Boo says isn’t easy to hear, but it’s always worth a listen.

Some hot takes to battle the freezing air-conditioning!

Teng Boo’s singular sense of humor brings a smile to the faces of his audience.

The appeal of the AGM doesn’t just lie in getting to know Teng Boo, but also other investors on the same path as you!

Shareholders can’t hold back their delight at Teng Boo’s no-holds-barred takedown of common Sinophobic opinions.

Shareholders try to get a good look at our buntings, some of which took four people to set up!

One perk of showing up at our AGM: a free goodie bag!

Who can hold back a delighted giggle over their spanking new goodie bags?

A staff member hands out complimentary RM20 Parkson vouchers at the end of the day.

Shareholders enjoy a light breakfast and some hearty conversation before the event kicks off.

It’s not easy having to explain the exact same thing over and over again each year, but Teng Boo manages it somehow!

Not everyone’s thrilled to be up this early on a Saturday…

Teng Boo and the board of directors get ready for a morning of questions and answers.

AGM 2018, 10 November 2018, Kuala Lumpur Convention Centre

Polling session in action and results announcement

Presentation of the Investment portfolio and updates by the Designated Person

Questions and Answers in the afternoon session

Candid shots of our share owners and proxies

Chairman convening the 14th AGM of icapital.biz Berhad

The Designated Person addressing questions from MSWG

Chairman of Audit Committee addressing questions from the share owners/proxies

2017 AGM, 9 September 2017, Renaissance Hotel Kuala Lumpur

Presentation session by the Designated Person to a packed audience while the 2017 AGM was adjourned for poll counting …..

Share owners, proxies and guests queueing for their lunches….

The afternoon talk session resumed with a packed audience…..

Up close and personal session with the Designated Person……

Personal photo session with the Designated Person….

Share owners and proxies queuing to register early on a Saturday morning….

The Board of icapital.biz Berhad and Designated Person getting ready for the 2017 AGM…..

The 2017 AGM was full house as in previous AGMs….

Share owner engaging with the Board and Designated Person during the AGM Q & A session….

Chairman calling for poll after the Q & A session of all the Resolutions tabled at the 2017 AGM….

Polling in motion and collection of poll slips….

The AGM of icapital.biz Berhad is one of the most well-attended AGMs.

Share owners taking part in the voting process and making sure their voices are heard.

Tan Teng Boo giving his much awaited Invesment Presentation, followed by a question and answer session

The AGM turnout has been increasing since its 1st AGM. Many share owners flocked in from outside KL to listen to the investment wisdom of Tan Teng Boo.

Share owners rubbing shoulders with the Chairman of icapital.biz Berhad, Datuk Ng Peng Hay before the AGM starts.

Share owners always look forward to a lively and entertaining AGM at icapital.biz Berhad, an experience vastly different from the typical AGMs.

an Teng Boo, Designated Person of icapital.biz Berhad.

The 3 Directors, namely, Datuk Ng Peng Hay, Dato’ Seri Md Ajib and Dato’ Sri Syed Ismail have been successfully re-elected at the AGM with a strong majority.

Share owners paying close attention before the voting process begins.

A quick show of hands and the majority has spoken.

The registrar collecting the poll slips from share owners.

The AGM of icapital.biz Berhad, where like-minded share owners congregate. Do you know why we call our shareholders as “share owners” ?

Let’s check the annual report and prepare my list of questions to ask Teng Boo later.

AGM attendees leaving the Plenary Hall in the evening after listening and asking for more than 3 hours

All share owners and their guests were treated to a sumptuous dinner pack.

Happy and proud share owners arriving at the Plenary Hall, KL Convention Centre.

Thank you all share owners and guests for coming. Hope to see you again next year!

One of the reasons for the existence of icapital.biz Berhad is to let the power of compounding work for you!

We are proud that our AGM turnout has always been much bigger than the typical AGMs. It is an annual event many look forward to even when the Budget speech is on.

The AGM, even though held on a Friday afternoon, and clashed with the 2014 Budget, drew the same crowd as on a Saturday.

Enthusiastic share owners, from all over Malaysia and even from outside Malaysia, voting on the AGM resolutions.

Board of Directors together with Teng Boo, Designated Person, officially launched the i Charity initiative.

In line with its tradition, Teng Boo conducted an investment presentation, which included the fund’s portfolio and performance review, his outlook of the global and Malaysian economies.

Here’s the beginning of an onslaught of questions during Teng Boo’s Q&A session.

Designated Person thanking everyone for a successful AGM

Everyone enjoying their meals after the AGM

Share owners and proxies registering their attendance

Share owners, proxies and guests mingling before the start of the AGM

Share owners, proxies and guests listening attentively to the Designated Person

Everyone waiting anxiously for the AGM to start

Share owners and proxies voting during the AGM

The Board and the Designated Person listen attentively during Q & A

The Board answering questions from the floor

Share owners, proxies busy queuing for the poll forms.

Designated person for icapital.biz Berhad, Tan Teng Boo- before the 7th AGM

Designated person for icapital.biz Berhad, Tan Teng Boo – During the AGM presentation

Share owners queuing up to register first thing in the morning!

Introducing share owners to our i Capital newsletter – print and online edition

The sea of share owners at the KL Convention centre

The chairman delivering the opening speech for the 2010 Investor Day of iCapital.biz Berhad

The 2010 6th Annual General Meeting of Icapital.biz Berhad

Share owner on the stand posing questions to Teng Boo during Q&A session

The AGM proceedings begin, Board of Directors and company secretary at the head table

Opening Ceremony of the Inaugural Investor Day of icapital.biz Berhad

Shareowners having their refreshments before commencement of the Annual General Meeting

Tan Teng Boo, the Designated Person of the fund, presenting to the shareowners

Shareowners during the active questions and answers session

More challenging questions for Fund Manager

Fund Manager mingling with the share owners

Full house! Share owners waiting in anticipation for the 4th AGM to commence

Share owners eagerly participating during the voting session

Share owners listening to Fund Manager in rapt attention

Shareowners registering to attend the AGM of ICAP

Shareowners talking to staff of Capital Dynamics Sdn Bhd, investment adviser to ICAP and also Capital Dynamics Asset Management Sdn Bhd, fund manager of ICAP

Wow !! the grand ballroom looks a little too small. Maybe next year we could have it at KLCC Convention Centre

Eager shareowners lining up to ask questions

Shareowners can’t seem to get enough……

Teng Boo much have given a million dollar tip since all the shareowners are smiling away

Shareowners lining up to speak to Teng Boo, designated person for ICAP immediately after the investment presentation

Shareowners crowding around Malaysia’s Warren Buffett(Teng Boo in red t-shirt) after the AGM

Happy family of Capital Dynamics Sdn Bhd, Capital Dynamics Asset Management and Capital Dynamics (S) Pte Ltd

Directors of icapital.biz Berhad with Designated Person and Company Secretary

Shareowners and proxy holders remain seated

Concentrating on Teng Boo’s presentation