Axis Real Estate Investment Trust (Axis-REIT) has stayed resilient and showed steady growth momentum, and has rewarded its shareholders favourably as a result. It won The Edge Billion Ringgit Club award for the highest returns to shareholders over three years as well as the highest growth in prof...

Highest returns to shareholders over three years, Highest growth in profit after tax over three years: REIT: Axis Real Estate Investment Trust - Largely insulated from short-term volatility

The article has been edited to take into consideration Heineken Malaysia Bhd’s name change.

The Covid-19 pandemic has changed the way people work, interact and celebrate key events. This year, The Edge Media Group and its partners are celebrating Corporate Malaysia’s best-performing companies at the 11th annual The Edge Billion Ringgit Club (BRC) Awards — sans the prestigious gala awards dinner for the first time, owing to the ongoing Conditional Movement Control Order (CMCO) in the Klang Valley.

Recognising corporate excellence for the 11th year

Kuan Kam Hon, founder and executive chairman of Hartalega Holdings Bhd, could still have made it big if he had stayed at his father’s company and continued to build homes around Kuala Lumpur. Malaysia, however, may not have seen the kind of innovation in nitrile gloves had he remained at Kuan Yue...

Highest growth in profit after tax over three years, Highest return on equity over three years: SUPER BIG CAP (ABOVE RM40 BILLION MARKET CAPITALISATION) - Healthcare: Hartalega Holdings Bhd -  Making profits responsibly

Syarikat Takaful Malaysia Keluarga Bhd (STMKB) has scored its second consecutive double win in the financial services category for companies with a market capitalisation of below RM10 billion.

For the second year in a row, STMKB took home The Edge Billion Ringgit Club award for the high...

Highest return on equity over three years, Highest returns to shareholders over three years: Financial Services (below RM10 billion market capitalisation): Syarikat Takaful Malaysia Keluarga Bhd - Delivering sustainable shareholder value with another doub

On Jan 7, Mega First’s prized project and cash cow, the 260mw Don Sahong hydropower project, commenced operations — 15 years after the group first signed a memorandum of understanding for the project with the Laos government.

Highest Returns to Shareholders over three years, Highest growth in profit after tax over three years: Utilities: Mega First Corp Bhd - Don Sahong hydropower project scores home run

RHB Bank Bhd seems to be on the right path, judging by the growth of its profits. The group’s earnings were stellar for the three-year period of FY2017 to FY2019 ended Dec 31.

The steady growth of its earnings also whetted investors’ appetite for the counter, lifting its share price dur...

Highest Returns to Shareholders over three years, Highest growth in profit after tax over three years: FINANCIAL SERVICES (RM10 billion and above market capitalisation: RHB Bank Bhd - Star performer in financial services sector

2019 was a year of records for Guan Chong Bhd. The cocoa grinder not only achieved another record financial performance but it also took significant steps to set the group up to achieve significant global growth in the future.

The group achieved a second consecutive year of record grind...

Highest Returns to Shareholders over three years, Highest growth in profit after tax over three years: Consumer Products & Services: Guan Chong Bhd - Poised for next stage of growth

Supermax Corp Bhd has walked away with The Edge Billion Ringgit Club (BRC) award for highest returns to shareholders over three years in the healthcare sector.

Looking at its share price performance, it is not hard to fathom how the rubber glove maker, which has also ventured into conta...

Highest returns to shareholders over three years: Big cap (RM10 billion to RM40 billion market cap) - Healthcare: Supermax Corp Bhd - Making super profits

Intense competition among telecommunications operators is showing in their bottom lines globally but early investors of Digi.Com Bhd are still getting decent total returns despite its share price being off its peak in 2015.

Its consistent dividend payments made Digi the winner of The Ed...

Highest return on equity over three years: BIG CAP (RM10 BILLION TO RM40 BILLION MARKET CAPITALISATION) - Telecommunications & Media: Digi.Com Bhd - Still generating decent returns 

Almost all oil and gas equity analysts view Dialog Group Bhd in a positive light. And the optimism is understandable, considering that it has grown from a company with a market capitalisation of RM55 million at the time of its floatation exercise in 1996, to its current level exceeding RM20 billi...

Highest growth in profit after tax over three years: BIG CAP (RM10 BILLION TO RM40 BILLION MARKET CAPITALISATION) - Energy: Dialog Group Bhd - Tank terminals pay off

Public Bank Bhd has won the award for the highest return on equity (ROE) over three years, for the period between the financial year ended Dec 31, 2017 (FY2017) and FY2019.

This is the third consecutive year that Public Bank has bagged the prestigious The Edge Billion Ringgit Club award...

Highest return on equity over three years: FINANCIAL SERVICES (RM10 billion and above market capitalisation): Public Bank Bhd - Highest ROE three years in a row

It has been a tough few years for banks, so it is to Malaysia Building Society Bhd (MBSB)’s credit that it has managed to register solid earnings growth over the last three years.

It was only a few years ago that MBSB, previously a non-bank lender, became a full-fledged bank. It obtaine...

Highest growth in profit after tax over three years: Financial Services (below RM10 billion market capitalisation): Malaysia Building Society Bhd - solid earnings growth before Covid-19 impact 

Prai-based electronic control systems maker Uchi Technologies Bhd walked away with the award for highest return on equity (ROE) over three years for the industrial products and services sector at The Edge Billion Ringgit Club Corporate Awards.

Uchi’s return on shareholders’ equity was 2...

Highest return on equity over three years: INDUSTRIAL PRODUCTS & SERVICES: Uchi Technologies Bhd - ROE never stops growing

Dufu Technology Corp Bhd is a Taiwanese-run firm that supplies disk spacers and other precision components to the hard disk drive (HDD) industry.

The Penang-based, Main Market-listed company walked away with The Edge Billion Ringgit Club (BRC) award for the highest returns to shareholde...

Highest Returns to Shareholders over three years: INDUSTRIAL PRODUCTS & SERVICES: Dufu Technology Corp Bhd - Joining The Big Boys’ Club

SARAWAK expects to formalise a deal to raise its stake in Affin Bank Bhd to about 30% in about a month, according to the state’s premier Tan Sri Abang Johari Openg.

In an exclusive interview with The Edge in Kuala Lumpur last Friday (July 19), Abang Johari said the state is committed to...

Premier: Sarawak expects to ink S&P on Affin Bank deal in a month

Treasuries are rising at the end of a volatile week as the Federal Reserve’s favourite inflation gauge cemented traders’ expectations for an interest-rate cut in September.

The advance pushed yields lower across the curve on Friday, with two- and 10-year yields down by about five basis points (bps) to 4.38% and 4.2%, respectively.

Treasuries rally as data points to a September rate cut

The developer of a supertall condo tower in Miami’s Brickell neighbourhood has hired a new sales team after ousting an embattled real estate brokerage from the project.

One Sotheby’s International Realty has taken over marketing at 888 Brickell Dolce & Gabbana Miami, JDS Development’s pre-construction building overlooking Biscayne Bay in the city’s financial centre.

Miami condo tower moves on from brokers facing rape allegations

Deputy Prime Minister Datuk Seri Fadillah Yusof paid a courtesy visit to Vietnamese Prime Minister Pham Minh Chinh on Friday.

"During the meeting with His Excellency, I reaffirmed the commitment of the prime minister and the Malaysian government to continue strengthening cooperation between Malaysia and Vietnam," he said in a post on the social media platform X.

Deputy PM Fadillah pays courtesy visit to Vietnamese PM, strengthens bilateral cooperation

Wall Street bounced back on Friday as megacap tech and chip stocks recovered from the week's pummeling, while a largely in-line key inflation reading kept bets for an early start to interest-rate cuts alive.

Wall Street rebounds on tech recovery, small caps jump after benign inflation data

Malaysia has urged dialogue partners attending the Asean Post-Ministerial Conference in Laos to support a ceasefire in Gaza and end the brutal killings of Palestinians.

Foreign Minister Datuk Seri Mohamad Hasan said Malaysia, along with Indonesia and Brunei, brought forward this motion during the meeting at the National Convention Centre (NCC) here.

Malaysia urges Asean dialogue partners to support ceasefire in Gaza

US authorities filed criminal and civil charges against prominent activist short seller Andrew Left for an alleged long-running market manipulation scheme involving bets on stocks including Nvidia and Tesla, they said on Friday.

US charges Citron's Andrew Left over alleged multi-million fraud scheme

Malaysia, as the country coordinator for Asean-China Dialogue Relations, will intensify efforts to finalise the Code of Conduct in the South China Sea, said Foreign Minister Datuk Seri Mohamad Hasan.

He said Malaysia, which assumed the role of country coordinator this year, aims to establish a code of conduct accepted by all parties.

Malaysia steps up efforts to finalise South China Sea code of conduct

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

AirAsia X, Capital A, Hibiscus, Dagang NeXchange, ViTrox, Ekovest, Knusford, Alam Maritim, Datasonic, Kumpulan Kitacon, DXN, Homeritz, Westport, MGRC 

VIENTIANE (July 26): The Asean Post Ministerial Conference kicked off in the Laos capital here on Friday, as Asean foreign ministers engaged with top diplomats from dialogue partners to discuss various regional and international issues of common interest.

Asean Post Ministerial Conference kicks off in Laos; regional, global issues in focus

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

Ekovest Bhd (KL:EKOVEST) said it has agreed to a further extension of time to discuss a merger between its wholly owned subsidiary Ekovest Construction Sdn Bhd (ECSB) and Knusford Bhd (KL:KNUSFOR).

Ekovest agrees to six-month extension for merger discussion between subsidiary and Knusford

US prices increased moderately in June as the declining cost of goods tempered a rise in the cost of services, underscoring an improving inflation environment that could position the Federal Reserve to begin cutting interest rates in September.

US inflation rises moderately, consumer spending cools

Here’s a quick look at some of the stories that made headlines today.

EVENING 5: Five things you need to know today

The prestigious five-star Lexis Hibiscus 2 luxury resort is currently under construction by the KL Metro Group and is expected to be completed by 2029, said Negeri Sembilan Menteri Besar Datuk Seri Aminuddin Harun.

Construction of RM1.6 bil GDV Lexis Hibiscus 2 resort will be completed in 2029

Practice Note 17 (PN17) company Alam Maritim Resources Bhd (KL:ALAM) has announced its regularisation plan, which includes a share capital reduction of RM440 million, 10-to-one share consolidation, an issuance of renounceable rights shares with warrants and a scheme of arrangement with its creditors.

Alam Maritim submits regularisation plan to exit PN17 status

Health and wellness direct selling company DXN Holdings Bhd (KL:DXN) said on Friday its net profit rose 10.26% in the first quarter from a year earlier due to higher revenue recognised from overall operating segments.&nbsp;

DXN Holdings 1Q net profit up 10.26%, targets market presence in Zambia, Ghana  

Wall Street bounced back on Friday as megacap tech and chip stocks recovered from the week's pummeling, while a largely in-line key inflation reading kept bets for an early start to interest-rate cuts alive.

Upholstery furniture products manufacturer Homeritz Corp Bhd’s (KL:HOMERIZ) net profit surged 46.37% in the third quarter from a year earlier, thanks to higher sales volume and stronger US dollar. &nbsp;

Net profit for three months ended May 31, 2024 (3QFY2024) climbed to RM9.09 million or earnings per share of 1.96 sen, from RM6.21 million or 1.34 sen per share recorded in 3QFY2023. &nbsp;

Homeritz’s 3Q net profit soars 46.37% on higher sales and strong greenback

Cyberview Sdn Bhd has signed three Memoranda of Understanding (MOUs) with three companies to make Cyberjaya a global technology hub.

Chief executive officer Kamarul Ariffin Abdul Samad said the companies involved were Permodalan Negeri Selangor Bhd (PNSB), Selangor Information Technology &amp; Digital Economy Corporation (SIDEC) and digital infrastructure company Equinix Malaysia.

Cyberview signs three MOUs to make Cyberjaya a global technology hub

The developer of a supertall condo tower in Miami’s Brickell neighbourhood has hired a new sales team after ousting an embattled real estate brokerage from the project.

One Sotheby’s International Realty has taken over marketing at 888 Brickell Dolce &amp; Gabbana Miami, JDS Development’s pre-construction building overlooking Biscayne Bay in the city’s financial centre.&nbsp;

KUCHING (July 26): Türkiye is committed to expanding&nbsp;its bilateral partnership with Malaysia and&nbsp;seeking to explore collaborations in high-tech and green energy industries in Sarawak, said Turkish Ambassador to&nbsp;Malaysia Emir&nbsp;Salim Yuksel.&nbsp;

Türkiye seeks collab with Sarawak on high-tech, green energy — Turkish Ambassador

Biopharmaceutical company Malaysian Genomics Resource Centre Bhd (KL:MGRC) has proposed to undertake a private placement that is expected to raise up to RM4.98 million.

MGRC plans private placement to raise up to RM4.98 mil

SARAWAK expects to formalise a deal to raise its stake in Affin Bank Bhd to about 30% in about a month, according to the state’s premier Tan Sri Abang Johari Openg.

In an exclusive interview with The Edge in Kuala Lumpur last Friday (July 19), Abang Johari said the state is committed to...

Deputy Prime Minister Datuk Seri Fadillah Yusof paid a courtesy visit to Vietnamese Prime Minister Pham Minh Chinh on Friday.

"During the meeting with His Excellency, I reaffirmed the commitment of the prime minister and the Malaysian government to continue strengthening cooperation between Malaysia and Vietnam," he said in a post on the social media platform X.

Kumpulan Kitacon Bhd (KL:KITACON) has secured a RM54.5 million contract to undertake the construction of 186 terrace houses in Rawang, Selangor.

Kumpulan Kitacon bags RM54.5m job to build houses in Rawang

Treasuries are rising at the end of a volatile week as the Federal Reserve’s favourite inflation gauge cemented traders’ expectations for an interest-rate cut in September.

The advance pushed yields lower across the curve on Friday, with two- and 10-year yields down by about five basis points (bps) to 4.38% and 4.2%, respectively.

Penang Port Sdn Bhd (Penang Port) on Friday announced the acquisition of five Kalmar container handling machines to optimise operations and improve service levels.

Penang Port acquires Kalmar container handling equipment to enhance services

US authorities filed criminal and civil charges against prominent activist short seller Andrew Left for an alleged long-running market manipulation scheme involving bets on stocks including Nvidia and Tesla, they said on Friday.

Hungary will face fuel shortages from September if full Russian oil flows are not restored, a government official said on Friday, accusing Ukraine of blackmailing it by partially suspending supplies.

Eastern European Union (EU) members Slovakia and Hungary have been hit by a stop in flows from Russian group Lukoil coming via Ukraine after sanctions were imposed on the company.

The Edge Billion Ringgit Club 2020

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The Edge Billion Ringgit Club 2020

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