One question I have encountered time and again since The Edge Malaysia

Editor’s note — Why Centurion?

This year, 27 public-listed companies took home 36 awards at the fourth edition of The Edge Malaysia Centurion Club Corporate Awards that was held on July 22 at a hotel in Bukit Kiara, Kuala Lumpur.

Spotlighting the best of Corporate Malaysia under RM1 bil

Performance-based

The Edge Malaysia Centurion Club Corporate Awards recognise the country’s best-performing small and medium companies that are listed on Bursa Malaysia. To be a member of this elite group, the company must:


	Be listed o...

METHODOLOGY

Tan Sri Datuk Tong Kooi Ong, chairman of The Edge Media Group; Datuk Ho Kay Tat, publisher and group CEO of The Edge Media Group; distinguished award winners; members of the media; ladies and gentlemen.

Towards creating a wave of change to raise the ceiling

It seems that Tasco Bhd (KL:TASCO), which is almost 65% controlled by Japanese logistics giant Nippon Yusen Kabushiki Kaisha (commonly known as NYK), is carving quite a comfortable spot in the annals of The Edge Malaysia Centurion Club Corporate Awards, having taken home the honours in 2019, 2022 and again this year.

Cementing its position as a top-notch logistics company

Suria Capital Holdings Bhd (KL:SURIA) is in an exciting period. Taking a departure from conventional strategies to grow its business, the Sabah state-controlled group that manages the state’s eight major ports is seeking collaborative partnerships with companies to give the group a much-needed boost to take it to a new level of growth.

Buoyed by exciting times ahead

Melaka-based pharmaceutical group Kotra Industries Bhd (KL: KOTRA) has once again swept all three awards under the healthcare category at The Edge Malaysia Centurion Club Corporate Awards 2024.

A hat-trick scorer for fourth straight time

In the crowded landscape of the country’s consumer products and services sector, one company has quietly outshone its peers: trading and distribution outfit Harrisons Holdings (M) Bhd (KL:HARISON). Over the past few years, Harrisons has been delivering both revenue and profit growth, even during the disruptive pandemic.

The quiet titan of Malaysia’s consumer sector

Last year was a banner year for Teo Seng Capital Bhd (KL:TEOSENG), with record-breaking sales and earnings, indicating significant market expansion despite a challenging operating environment as inflationary pressures drove up raw material costs.

An egg-cellent year boosted by improved prices, subsidies

Focus Point Holdings Bhd (KL:FOCUSP), operator of Malaysia’s largest optical retail chain store, has been growing from strength to strength in the past few years despite having to face rising costs of doing business while inflationary pressure weighs on consumer spending.

Unwavering focus on the lens of growth

The Malaysian construction sector had been in the doldrums for some time. Pandemic restrictions, labour shortages and increasing building material costs have posed challenges for the sector. Yet, Southern Score Builders Bhd (KL:SSB8) stood out as it underwent a reverse takeover (RTO) exercise that saw it transform from an IT company to a construction player, specialising in high-rise residential construction management.

Change in business direction spurs investor interest

Construction outfit MGB Bhd (KL:MGB), a subsidiary of LBS Bina Group Bhd (KL:LBS), is among the few companies that can boast that its profit after tax (PAT) more than tripled in a year.

Boosted by a stellar FY2023

Inta Bina Group Bhd (KL:INTA) is a beneficiary of a resurging construction sector, judging from its share price performance over the last one-year period to July 10.

Beneficiary of a resurgent construction sector

Established in 1993, Sabah-based Innoprise Plantations Bhd (KL:INNO) is primarily involved in the cultivation of oil palms and processing of fresh fruit bunches (FFB) to produce crude palm oil (CPO) and palm kernel (PK). Its operations span 22,763ha in the Gunung Rara or Kalabakan area, with 54% currently being used for oil palm cultivation and 12% for industrial tree plantations.

On a steady, winning track

(Nov 23): UK retail sales declined more than expected in October, as uncertainty over Chancellor of the Exchequer Rachel Reeves first budget prompted consumers to hold back spending.

The volume of goods sold in stores and online fell 0.7% month on month, the Office for National Sta...

UK retail sales fell more than expected amid budget anxiety

NEW YORK (Nov 22): The banks most reluctant to tap the U.S. central bank's discount window to shore up their capital are in fact those who face the highest failure risk, according to new research from the New York Federal Reserve that turns the notion of bank emergency borrowing stigma on it...

New York Fed paper challenges notion of discount window stigma

ORLANDO, Florida (Nov 22): A record-high $7 trillion of cash is currently sitting "on the sidelines" in money market funds (MMFs). Anyone hoping to see a significant chunk of this flooding the wider investment field in the coming months may be disappointed.

Many strategists assume ...

America's $7 trillion cash stash isn't going anywhere

Cboe Global Markets Inc. said it is set to list the first cash-settled index options related to the spot price of Bitcoin, marking the latest addition of cryptocurrency-related securities to traditional exchanges.

Cboe to launch cash-settled Bitcoin ETF options as crypto booms

French defence and technology firm Thales said on Friday it was denying unspecified allegations after Britain's Serious Fraud Office (SFO) announced a joint investigation with French authorities into suspected bribery and corruption.

Thales denies wrongdoing as Anglo-French bribery probe hits shares

As the Association of South East Asian Nations (Asean) chair for 2025, Malaysia has a key role in strengthening the Asean community and tackling complex regional challenges, Foreign Minister Datuk Seri Mohamad Hasan said.

Malaysia to strengthen Asean community, tackle regional challenges as Asean chair 2025 — Mohamad

A weekly round-up of tanker and dry bulk market (Nov 22, 2024)

Baltic Exchange shipping updates: Nov 22, 2024

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

Allianz Malaysia, Bumi Armada, Bintulu Port, D&O, Sarawak Plantation, Favelle Favco, CSC Steel, BM Greentech, SkyWorld, Lagenda Properties, Solarvest, SMI, Icon Offshore, Top Glove, MNRB, Chin Hin Group Property

The S&P 500 and the Dow touched over one-week highs on Friday after data showed a still robust economy, while small-cap stocks outperfomed large-cap indexes.

The S&P flash PMI showed manufacturing activity stood at 48.8 in November, in line with estimates from a Reuters poll of economists.

S&P 500, Dow touch over one-week highs after business activity data

Vizione Holdings Bhd (KL:VIZIONE) said its unit has served a notice to Inspirasi Langkawi Sdn Bhd to terminate its employment as main contractor for the development of a 14-storey hotel in Langkawi, claiming it had not been properly paid for its works so far.

Vizione quits RM116 mil hotel construction job over alleged unpaid works

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

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. &nbsp;

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

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

Vizione Holdings Bhd (KL:VIZIONE) said its unit has served a notice to Inspirasi Langkawi Sdn Bhd to terminate its employment as main contractor for the development of a 14-storey hotel in Langkawi, claiming it had not been properly paid for its works so far.

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

The largest shareholder of South Malaysia Industries Bhd (KL:SMI) has called for an upcoming extraordinary general meeting (EGM) scheduled for Jan 9, 2025, to appoint six new directors to the company’s board, including former Perak police chief Datuk Pahlawan Mior Faridalathrash Wahid.

SMI's largest shareholder calls for EGM to appoint six new directors including ex-Perak police chief

Global investment conglomerate Bin Zayed International Group of Companies (BZI) has committed to investing US$2 billion (RM8.93 billion) in Malaysia over the next five years.&nbsp;

Bin Zayed International (M) Bhd managing director Datuk Seri Dr Shamir Kumar Nandy said as part of its strategic expansion plan, the group would tap into real estate, renewable energy and financial services to attract investments into the country.

Bin Zayed International commits US$2 bil investment in Malaysia over next five years

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

Sarawak Plantation Bhd (KL:SWKPLT) has announced a second interim dividend of 15 sen per share, as its latest third quarter net profit rose 14.6%, despite lower revenue, thanks largely to a higher fair value gain on its biological assets.

Sarawak Plantation pays bumper 15 sen dividend as 3Q profit hits record

India will offer up to US$5 billion (RM22.4 billion) in incentives to local electronics companies to make components for gadgets from mobiles to laptops, two government officials said, in a bid to bolster the burgeoning industry and wean off supplies from China.

India to offer up to US$5b in incentives to local electronics firms, wean off China

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EVENING 5: Five things you need to know today

KUALA LUMPUR (Nov 22): Asean transport ministers adopted a framework agreement on Friday that allows the region’s airlines to operate flights with stopovers in the member countries.

Loke: Asean approves stopover rights to boost regional air connectivity

A summary of how key Bursa Malaysia indices and the ringgit performed on Friday.

FBM KLCI up 0.07% to 1,589.78 on Nov 22, 2024

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

Former German chancellor Angela Merkel has called the influence of tech billionaires such as Elon Musk over US President-elect Donald Trump a "huge concern".

Germany's Merkel laments influence of big business on Trump

A selloff in Chinese stocks deepened on Friday afternoon, as disappointing tech earnings hurt sentiment already weakened by concerns over Donald Trump’s imminent return. 
&nbsp;&nbsp; 
The mainland benchmark CSI 300 Index slumped 3.1%, the most since Oct 9. The Hang Seng China Enterprises Index of Chinese stocks traded in Hong Kong lost 2.1%, capping a second straight week of losses.

Chinese stocks slump on tech earnings, geopolitical tensions

MNRB Holdings Bhd (KL:MNRB), in which the Amanah Saham Bumiputera (ASB) holds a 41.88% stake, has appointed Datuk Rudy @ Rodzila Che Lamin as interim president and group chief executive officer (CEO) of the company, effective Friday.

MNRB names Rudy Rodzila Che Lamin as interim president and CEO

Investors will have to buy a record amount of eurozone government bonds for a third straight year in 2025 and without the ECB in the market, potentially adding pressure on borrowing costs when political and economic uncertainty is high.

Record 2025 bond sales risk higher eurozone borrowing costs

Offshore support vessel company Icon Offshore Bhd (KL:ICON) said on Friday it has signed definitive agreements for a slew of previously announced acquisitions worth over RM400 million.

Icon Offshore signs definitive agreements for previously announced acquisitions worth over RM400m

Melaka-based D&amp;O Green Technologies Bhd’s (KL:D&amp;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.

The Edge Malaysia Centurion Club Corporate Awards 2024

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