Some 82% PLCs boast RM1b capitalisation each until last August

Oct 15, 2016
Bursa Malaysia Bhd CEO Tajuddin Atan said 82% or 743 public listed companies on both the main and ACE markets on Bursa Malaysia boast a market capitalisation of up to RM1 billion each until August this year.
Bursa Malaysia Bhd CEO Tajuddin Atan said 82% or 743 public listed companies on both the main and ACE markets on Bursa Malaysia boast a market capitalisation of up to RM1 billion each until August this year.

A total of 82% or 743 public listed companies (PLC) on both the main and ACE markets on Bursa Malaysia boast a market capitalisation of up to RM1 billion each until August this year.

Bursa Malaysia Bhd chief executive officer (CEO) Tajuddin Atan said these companies could ensure that Malaysia would continue to be one of the world’s most exciting and trusted emerging marketplaces.

“When we are trusted and exciting, funds both domestic and foreign will be seeking you out,” he said at the Focus Malaysia’s Best Under Billion Awards in Kuala Lumpur on Friday.

The awards ceremony, being held for the second time, aims at recognising the best of mid-cap and small-cap listed companies with market capitalisation of under RM1 billion on Bursa Malaysia.

Citing the World Bank’s 2016 Global Logistics Performance Study (GLPS), Tajuddin said Malaysia and China were the only two Asian upper middle-income economies to make the grade and be benchmarked on par with the world’s developed market leaders for logistic efficiency.

He said according to the World Bank’s Global Insights Initiative (GII), an efficient logistics infrastructure fueled economic growth.

Hence, as an exchange, Bursa Malaysia has worked hard to ensure the integrity of its exchange and that its regulatory infrastructure is among the world’s best in developed or emerging economies, he added.

Tajuddin said currently 73% of companies listed on Bursa Malaysia were Syariah-compliant.

“Now we have the world’s leading thinking on Syariah investing and infrastructure to be the destination for the world’s growing Islamic principled funds,” he said.

Tajuddin said businesses needed to be well prepared to ride the wave of technology that leveraged the third platform such as cloud and big data, or the Internet of Things potential of US$7.1 trillion globally.

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