Mainstream
Revenue growth affected by market sentiment
Stephanie Jacob | 27 Jul 2018 00:30

The mixed sentiment on Bursa Malaysia in FY17 and the first half of FY18 is reflected in our Focus List on the fastest growing companies on the bourse.

Compared to last year’s list, only 30 companies with a market capitalisation of above RM500 mil delivered stronger revenue growth and better net profit growth. Last year, there were 40 such companies.

The performance of these listed entities was in line with the overall trend of the bourse over the past year and a half, where it hit some highs but also experienced periods of subdued sentiment. If we compare this year’s 30 companies with the Top 30 last year, their total market capitalisation rose by 169.7% to RM205 bil, largely due to the inclusion of large corporates like Public Bank Bhd and Nestle (M) Bhd.

In the first half of FY17, the FBM KLCI performed better on the back of sound corporate earnings and a robust global and local economic outlook. However, in the latter half of the year the benchmark index faltered even as regional peers outperformed.



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