KUALA LUMPUR (Feb 6): Khazanah Nasional Bhd's managing director Tan Sri Azman Mokhtar is unfazed by heavy losses on Bursa Malaysia, amid a global sell-off in equities. 

“Today’s correction in the market, we’re quite cool about it, because the coverage of our assets and our liabilities is more than three times,” Azman said.

Speaking to reporters today on the sidelines of the World Capital Market Symposium, Azman said Khazanah is “primed for growth and resilience to any market volatility”. 

Khazanah had reported a record high portfolio net worth adjusted (NWA) of RM115.6 billion as at Dec 31, 2017, compared with RM102.1 billion in 2016. 

Azman said the 13.2% year-on-year growth is higher than its average 9.6% growth per annum.
 
Khazanah’s realisable asset value (RAV) cover ratio increased to 3.1 times, from 2.9 times in 2016.

Khazanah has investments in companies such as CIMB Group Holdings Bhd, Axiata Group Bhd and Tenaga Nasional Bhd.

The frenzied sell-off prompted by the US stock plunge, extended a second day on Bursa Malaysia, with the FBM KLCI plunging 40.62 points or 2.2% to 1,812.45.