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

Bridgewater Associates founder Ray Dalio said the overall picture of the US economy probably warrants a smaller interest-rate cut by the Federal Reserve (Fed) this week.

Dalio sees quarter-point Fed cut as ‘right thing’ for creditors

NEW YORK (Sept 17): Uncertainty over the size of an initial interest rate cut expected Wednesday from the Federal Reserve has sparked a related debate over the possibility of an accelerated halt to the central bank’s balance sheet drawdown.

Prospects for an opening cut of half a percent...

Fed rate cut uncertainties rattle balance sheet outlook

The dollar ceded some of its overnight gains on Wednesday while Asian stocks put in a mixed display as traders weighed the odds of a super-sized Federal Reserve (Fed) interest rate cut later in the day.

Dollar cedes ground, Asia stocks mixed as Fed looms large

A widely expected US policy rate cut this week will boost Malaysian stocks in the oil and gas (O&G), real estate investment trust (REIT), and large-cap banking sectors, Kenanga Investment Bank said.

Widely expected US rate cut to boost large-cap banks, energy stocks, REITs — Kenanga

When US based construction material supplier Wilsonart issued a junk bond to raise US$500 million (RM2.13 billion) to fund an acquisition this summer, a research firm warned potential investors that the terms of the deal offered them weak protections.

Ignoring risk, investors still buying US junk debt with weak protections

Bankrupt trucker Yellow Corp and its hedge fund owners lost a key court ruling over US$6.5 billion (RM27.66 billion) in debt that pension funds claim the defunct company owes them, likely wiping out most recovery for shareholders.

Bankrupt trucker Yellow loses ruling over US$6.5b in pension debts

Oil prices steadied on Wednesday, after rising in the previous two sessions, as investors await the US Federal Reserve's (Fed) anticipated interest rate cut, with the potential for more violence in the Middle East supporting the market.

Oil prices steady, with investors focusing on Fed decision

Japan's export growth slowed sharply in August as shipments to the US dropped for the first time in three years, while machinery orders unexpectedly shrank in July in a worrying sign for an economy struggling to mount a solid recovery.

Japan's exports slow sharply, machinery orders shrink in blow to economic recovery

Tupperware Brands is preparing to file for bankruptcy as soon as this week, Bloomberg News reported on Monday, citing people with knowledge of the plans.

Tupperware Brands plans to file for bankruptcy

BlackRock Inc and Microsoft Corp are teaming up on one of the largest efforts to date to bankroll the build-out of data warehouses and energy infrastructure behind the boom in artificial intelligence (AI).

BlackRock, Microsoft to raise US$30b for AI investments

Many may not know that a Malaysian construction company, Eversendai Corp Bhd, is one of the main contributors to the construction of several iconic landmarks in the world including Burj Khalifa (Dubai), Al Shams Sky Tower (Abu Dhabi) and KLCC (Petronas) Twin Towers and Merdeka 118 Tower.

Building up world's iconic landmarks, Eversendai is pride of Malaysia, says Nanta

At least three people were killed and more than 1,000 others including Hezbollah fighters, medics and Iran's envoy to Beirut were wounded on Tuesday when the pagers they use to communicate exploded across Lebanon, security sources told Reuters.

At least three dead, over 1,000, including Hezbollah members, wounded in pager blasts in Lebanon

Heavy rain and storms combined with high tides caused large waves to hit Penang's coast, particularly around Pantai Bersih.

The Butterworth Outer Ring Road (LLB) has since warned the public to stay away from the beach area due to the dangerous weather and high waves, which even reached the back of the Bagan Ajam Rest and Service Area (R&amp;R).

Public warned to stay away after large waves hit Penang coast

The US presidential elections are closely watched as the winner influences policy directions and business climate in the world’s biggest economy, which in turn move the global markets. With the Nov 5 polling date less than two months away, The Edge revisits key economic and market indicators of the last seven election cycles from 1996.

How markets perform during US elections

The Federal Reserve’s (Fed) widely anticipated pivot to interest-rate cuts this week is likely to bolster emerging Asian market assets, further extending their recent lead over global favourites such as Japan and chip stocks.

Here’s how Asia is bracing for Fed’s imminent shift to rate cuts

The dollar ceded some of its overnight gains on Wednesday while Asian stocks put in a mixed display as traders weighed the odds of a super-sized Federal Reserve (Fed) interest rate cut later in the day.

The Pentagon’s cost to develop and produce Lockheed Martin Corp.’s F-35 has risen almost 10% to about US$485 billion (RM2.08 trillion) now that money needed for engine improvements has been included in the official estimate for the costliest US weapons system.

Pentagon’s F-35 cost rises 10% to US$485 bil to fix overheating engines

Stocks drifted near all-time highs ahead of the Federal Reserve (Fed) decision, with traders split on the size of an interest-rate cut.

US stocks hover near record-high as traders split over Fed rate cut 

A widely expected US policy rate cut this week will boost Malaysian stocks in the oil and gas (O&amp;G), real estate investment trust (REIT), and large-cap banking sectors, Kenanga Investment Bank said.

After more than two years of currency pain, Asia’s central banks are in for some relief as the Federal Reserve (Fed) is set to cut interest rates by a quarter-point Wednesday. The path for the region’s own monetary policy, though, will be bumpy from here.

Fed cut to serve as starting gun for central banks across Asia

The US is urging Vietnam to avoid Chinese cable-laying firm HMN Technologies and other Chinese companies in its plans to build 10 new undersea cables by 2030, sources with knowledge of the talks said.

Inside the US push to steer Vietnam's subsea cable plans away from China — Reuters

German autos supplier Bosch CEO Stefan Hartung expects very little growth in car and commercial vehicle markets worldwide this year and next, he said in an interview with Reuters.

Bosch chief sees stagnating growth in car markets worldwide

Tupperware Brands&nbsp;is preparing to file for bankruptcy as soon as this week, Bloomberg News reported on Monday, citing people with knowledge of the plans.

Confidence among US home builders rose in September for the first time in six months, just before the US Federal Reserve is expected to cut interest rates from the current two-decades high.

Confidence rises among US home builders as they await Fed move

The Islamic Development Bank plans to provide around US$4 billion to US$5 billion (RM17.1 billion to RM21.4 billion) of support to Bangladesh over the next three years, the bank's regional head said on Tuesday.

Islamic Development Bank to provide up to US$5b support to Bangladesh

Bankrupt trucker Yellow Corp and its hedge fund owners lost a key court ruling over US$6.5 billion (RM27.66 billion) in debt that pension funds claim the defunct company owes them, likely wiping out most recovery for shareholders.

BlackRock Inc and Microsoft Corp are teaming up on one of the largest efforts to date to bankroll the build-out of data warehouses and energy infrastructure behind the boom in artificial intelligence (AI).

California Governor Gavin Newsom signed two bills into law on Tuesday that aim to help actors and performers protect their digital replicas in audio and visual productions from artificial intelligence, the governor's office said.

California governor signs legislation to protect entertainers from AI

When US based construction material supplier Wilsonart issued a junk bond to raise US$500 million (RM2.13 billion) to fund an acquisition this summer, a research firm warned potential investors that the terms of the deal offered them weak protections.

North Korea fired multiple short-range ballistic missiles on Wednesday that landed in the sea off its east coast, South Korea and Japan said, days after Pyongyang unveiled a uranium enrichment facility and vowed to beef up its nuclear arsenal.

The Edge Malaysia Centurion Club Corporate Awards 2024

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