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

Money & Me participants from SMK Lembah Keramat at the prize-giving event on Sept 28, 2019. The school emerged tops in the Schools category...

Financial education in the Covid-19 era

Maxis Bhd’s move to start setting aside RM1 billion for what it calls “growth capex” some two years back to reach enterprise customers proved prescient this year as the world went through various degrees of lockdown to counter the Covid-19 pandemic. The pandemic means that businesses have little ...

Highest return on equity over three years: SUPER BIG CAP (ABOVE RM40 BILLION MARKET CAPITALISATION): Maxis Bhd - Decent returns from strong cash flow

With Petroliam Nasional Bhd (Petronas) controlling 57.56% equity interest in MISC Bhd, it is no wonder that the shipping company has performed well financially. As the transportation arm of the national oil company, MISC’s earnings are linked to the former’s contracts, with any other jobs being a bonus.

Highest Returns to Shareholders over three years: Transportation & Logistics: MISC Bhd - Performing despite challenging business environment

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 

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

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

Petron Malaysia Refining & Marketing Bhd has been consistently paying dividends out of its earnings over the last five years, handing out 18% of its net profit as dividends last year.

During the past three-year period, however, Petron’s dividend payments have fallen from 25 sen per ...

Highest return on equity over three years: Energy: Petron Malaysia Refining & Marketing Bhd - Headwinds still abound

Founded by the late Tan Sri Lee Shin Cheng, IOI Corp Bhd remains the leading player in the plantation industry, which has been battered by weak palm product prices in recent years and slowdown in economic activity.

Despite its three-year compound annual growth rate for profit after tax ...

Highest return on equity over three years, Highest growth in profit after tax over three years: Plantation: IOI Corp Bhd - On strong footing despite market headwinds

Despite lower average crude palm oil prices in 2019 — from RM2,771 per tonne in 2017 to RM2,122 per tonne — Far East Holdings Bhd managed to deliver consistent returns to its shareholders.

From its closing price of RM2.02 on June 30, 2017, the counter appreciated 27% to RM2.57 on June 2...

Highest returns to shareholders over three years: Plantation: Far East Holdings Bhd - Consistent returns despite lower CPO prices

In the doldrums for many years now, the property industry lacks investor interest. Although it may seem a “boring” sector at times — especially after the property boom between 2010 and 2015 — it is worth noting that there are developers that work hard to justify the trust that investors place in ...

Highest return on equity over three years: Property (RM3 billion and above market capitalisation): UOA Development Bhd - Chugging along in difficult times

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

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

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

Sunway Bhd (KL:SUNWAY) became the best performing constituent member of the FBM KLCI index year to date after its share price breached the RM5 mark on Friday, ahead of its third-quarter (3Q) earnings announcement expected next week.

Sunway is best FBM KLCI constituent YTD after shares shoot past RM5

Bintulu Port Holdings Bhd (KL:BIPORT), the operator of East Malaysia’s largest container port, reported a 13.68% drop in its third quarter net profit, mainly due to a jump in operating costs due to an increase in expenditure incurred on service contracts, as well as for repair and maintenance.

Bintulu Port’s 3Q net profit down 13%, pays three sen dividend

The government successfully saved almost RM1 million in the flight cost for the official delegation led by Prime Minister Datuk Seri Anwar Ibrahim to five countries recently, said Communications Minister Fahmi Fadzil.

Fahmi: Govt saves nearly RM1 mil in Anwar's flight cost for visits to five countries

Top Glove Corp Bhd (KL:TOPGLOV) has entered into a joint venture (JV) with US glove importer Tronex (Asia) Ltd, and Polywel International Trade Co Ltd for the production and distribution of high-density polyethylene (HDPE) gloves.

Top Glove in JV for high density polyethylene glove biz

CSC Steel Holdings Bhd (KL:CSCSTEL) said on Friday its third quarter net profit fell 21% from a year earlier though the company is optimistic of rising prices and demand for steel ahead.

CSC Steel reports 21% fall in 3Q net profit; optimistic prices, demand will rise

Malaysia’s Anti-Corruption Commission (MACC) said on Friday it will continue to investigate the late Tun Daim Zainuddin, his wife and other family members.

MACC says will continue to investigate late Daim, wife, family members

Melaka-based D&O Green Technologies Bhd’s (KL:D&O) net profit for the third quarter ended Sept 30, 2024 (3QFY2024) was flat at RM18.25 million from a year earlier despite thinner gross margin.

D&O posts flat 3Q net profit amid eroding gross margin, pays 0.3 sen dividend 

BERLIN (Nov 22): Former German chancellor Angela Merkel has called the influence of tech billionaires such as Elon Musk over U.S. President-elect Donald Trump a "huge concern".

In an interview with the news magazine Der Spiegel published on Friday ahead of the release of her me...

Germany's Merkel laments influence of big business on Trump

Eurozone business activity took a surprisingly sharp turn for the worse this month as the bloc's dominant services industry contracted and manufacturing sank deeper into recession, a survey showed on Friday.

Eurozone business activity falls sharply in November, survey shows

Solarvest Holdings Bhd (KL:SLVEST)’s wholly owned subsidiary Atlantic Blue Sdn Bhd has been awarded a RM142 million engineering, procurement, construction and commissioning (EPCC) contract from SM01 Sdn Bhd, a special purpose vehicle (SPV) in which the group owns a 33% stake.

Solarvest bags RM142 mil EPCC job for 30MWac solar plant in Kedah

AirAsia hopes to emulate Dubai’s success in connecting the world, but in a low-cost format from places like Bangkok and Kuala Lumpur as the discount carrier looks to move on from its tumultuous pandemic years.

AirAsia founder plots low-cost Dubai-like hub in Bangkok, KL

Affin Bank Bhd (KL:AFFIN) on Friday cut some of its key financial expectations for the full year even as net profit surged in the third quarter, as the company continues efforts to improve profitability.

Affin Bank cuts key expectations even as 3Q net profit surges

KUALA LUMPUR (Nov 22): Shares of DRB-Hicom Bhd (KL:DRBHCOM) fell on Friday to their lowest in more than four years, after the automotive-to-banking conglomerate reported weaker than expected quarterly results.

DRB-Hicom shares fall to over four-year low, analysts divided over outlook after 3Q

KUALA LUMPUR (Nov 22): Globetronics Technology Bhd (KL:GTRONIC) surged as top most-actively-traded stocks on Friday morning, after the company secured a RM145 million contract to provide integrated circuit (IC) product packaging, testing, and backend services to Taiwan-based ChipMOS Technologies Inc. &nbsp;

Globetronics shares surge on RM145m contract win with Taiwan’s ChipMOS

CapitaLand Investment Ltd, one of Asia’s largest property investment managers, warned of potential losses as it seeks to extricate itself from China’s real estate crisis.

CapitaLand warns of China losses as Singapore property investor cuts exposure

Now is an opportune time to accumulate Dayang Enterprise Holdings Bhd (KL:DAYANG) shares given its undemanding valuations, said CGS International.

Good opportunity to accumulate Dayang shares — CGS

Gold looked set for its largest weekly gain in over 13 months on Friday as escalating geopolitical tensions drove investors to safe assets, while a tech rebound led Asian equities higher after worries over Nvidia's sales growth eased.

Gold surges over broader Ukraine war fears; tech stocks rebound

GEORGE TOWN (Nov 22): Penang&nbsp;welcomed Hong Kong Express’ (HK Express) inaugural direct flight from Hong Kong on Friday, marking a milestone in the state’s tourism development.

Penang welcomes HK Express’ inaugural flight from Hong Kong

China’s richest man lashed out at two of the country’s biggest tech giants for fanning online vitriol targeting him earlier this year and instigating a price war that wiped out tens of billions of market value for his bottled-water empire.

China’s richest man berates PDD, ByteDance for months of misery

KUALA LUMPUR (Nov 22): Berjaya Hartanah Bhd, a wholly owned subsidiary of Berjaya Land Bhd (KL:BJLAND), officially launched on Friday, its latest condominium development named Oaka Residences at Bukit Jalil, Kuala Lumpur. The project has a gross development value (GDV) of RM373 million.&nbsp;

Berjaya Land launches RM373m Oaka Residences in Bukit Jalil

KUALA LUMPUR (Nov 22): Hong Kong-based energy services firm Unity Group Holdings International Ltd said it is planning a secondary listing in Malaysia.

Hong Kong-based Unity Group pursues secondary listing on Bursa Malaysia

Inflation in Malaysia picked up slightly and was a tad faster than expected in October as prices of food and personal care products, including jewellery, rose, official data released on Friday showed.

Inflation in Malaysia picks up slightly in October, official data shows

TOKYO (Nov 22): Nissan&nbsp;Motor&nbsp;will cut or transfer about 1,000 jobs in Thailand, as it shrinks production in Southeast Asia, part of its recently announced global workforce reduction plan, two sources familiar with the matter told Reuters on Friday.

Nissan to cut or transfer about 1,000 jobs in Thailand — Reuters

KUALA LUMPUR (Nov 22): Master Builders Association Malaysia (MBAM) supports the Construction Industry Development Board (CIDB) Malaysia’s decision to retract its quality guidebook for homeowners, said MBAM president Oliver HC Wee.&nbsp;

MBAM supports CIDB’s decision to retract quality guidebook for homeowners

US President-elect Donald Trump said on Thursday he would nominate former Florida attorney general and loyalist Pam Bondi to be US attorney general, moving swiftly to replace his former nominee Matt Gaetz after the embattled former congressman withdrew from consideration.

Trump picks Pam Bondi for US attorney general after Gaetz withdraws

Offshore oil-and-gas services firm Bumi Armada Bhd (KL:ARMADA) said on Friday its third quarter net profit rose 19% from a year earlier as operating margins expanded with lower costs.

Bumi Armada's 3Q net profit rises 19%, no update on merger with MISC's offshore unit

Mah Sing Group Bhd's (KL:MAHSING) M Luna condominium development in Kepong has achieved a Qlassic score of 86%, the highest for an M Series project, according to a press statement on Friday.

Mah Sing's M Luna condo in Kepong achieves 86% Qlassic score

KUALA LUMPUR (Nov 22): Damansara REIT Managers Sdn Bhd, the manager of Al-`Aqar Healthcare REIT &nbsp;(KL:ALAQAR)&nbsp;and Al-Salam REIT&nbsp;(KL:ALSREIT), has appointed Zulhilmy Kamaruddin as its new chief executive officer (CEO) as of Thursday (Nov 21).

Damansara REIT Managers appoints Zulhilmy Kamaruddin as its new CEO

KUALA LUMPUR (Nov 22): TSH Resources Bhd (KL:TSH) reported a 12.19% increase in its net profit for the third quarter spanning July to September 2024 (3QFY2024), despite a drop in revenue, as it recorded reduced non-controlling interests, which resulted in the larger share of profit attributable to the owners of the company.

TSH Resources reports 12% rise in 3Q net profit, pays 2.5 sen dividend

Analysts are projecting a stronger showing from Sunway Construction Group Berhad (KL: SUNCON) in 4Q2024, driven by significant job progress, especially data centre (DC)-led projects.

The Edge Billion Ringgit Club 2020

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The Edge Billion Ringgit Club 2020

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