This article first appeared in The Edge Malaysia Weekly on August 5, 2024 - August 11, 2024
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 on Bursa Malaysia as at March 31 of the current calendar year
- Not be suspended, under the stock exchange’s watchlist or subsequently delisted prior to the date of The Edge Malaysia Centurion Club Corporate Awards
- Have a reasonable profile among Malaysian investors
- Have a market capitalisation of more than RM100 million and less than RM1 billion
- The qualifying market capitalisation will be based on the amount as at the last trading day of March of the current calendar year, that is, March 31, 2024
The market capitalisation and other financial data used by The Edge in the determination of companies that qualify for The Edge Malaysia Centurion Club and the winners of The Edge Malaysia Centurion Club Corporate Awards are provided by Asia Analytica Data Sdn Bhd (formerly known as The Edge Markets Sdn Bhd).
The full list of The Edge Malaysia Centurion Club members for 2024 is published on Pages S12 to S15.
WINNERS ASSESSED ON THREE ASPECTS
The Edge Malaysia Centurion Club Corporate Awards recognises member companies across 12 sectors that achieve the following:
- The Highest Returns to Shareholders Over Three Years
- The Highest Growth in Profit After Tax (PAT) Over Three Years
- The Highest Return on Equity (ROE) Over Three Years
The 12 sectors are:
- Construction
- Consumer Products and Services
- Energy
- Financial Services
- Healthcare
- Industrial Products and Services
- Plantation
- Property
- Real Estate Investment Trusts
- Technology
- Telecommunication, Media and Utilities
- Transport and Logistics
An overall best performer — Centurion of The Year — is chosen by evaluating the members’ overall weighted scores in terms of: returns to shareholders over three years (30% weightage), growth in PAT over three years (40%) and ROE over three years (30%).
THE EDGE MALAYSIA CENTURION OF THE YEAR AWARD
It is determined based on the following:
| Evaluation Components | Weightage to Overall Score (%) |
| Returns to shareholders over three years | 30 |
| Growth in PAT over three years | 40 |
| Weighted ROE over three years | 30 |
- The Edge Malaysia has the discretion to select one of the top-ranked companies for the award
- The Edge Malaysia has full discretion to not name a winner for a particular category or present the award to the company with the next highest score.
- The methodology for the awards is stringent and transparent, and the results have been audited by Deloitte Malaysia.
Eligibility
To be eligible for the awards, a Centurion Club member needs to have been listed for at least four calendar years as of the last trading day of March of the current calendar year, that is, March 31, 2024.
Members eligible for The Highest Growth in Profit After Tax Over Three Years awards and The Highest Return in equity Over Three Years must be profitable every year throughout the evaluation period.
The calculation of PAT growth is also subject to a risk-weight factor component to recognise the importance of consistency in profit delivery throughout the evaluation period, as well as a multiplier that recognises that companies with a larger profit base will find it more challenging to grow their earnings relative to those with a smaller profit base.
The ROE is weighted to recognise the importance of sustainable and improving ROE over the assessment period, with the latest calendar year (that is 2023) carrying a 50% weightage, the year prior to that carrying 30% and the earliest year carrying 20%.
Winners of The Highest Returns to Shareholders awards are based on total returns, consisting of share price gains over a three-year period, subject to a share price multiplier. The cut-off date this year was March 31. Share prices are adjusted for any rights or bonus issues, distribution of treasury shares, dividend in specie, capital repayment and dividends received — where the entitlement date falls within the specified period.
There could be cases of joint winners for the awards.
The Edge has full discretion to not name a winner for a particular category, or present the award to the company with the next highest score.
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