Top 5 Biggest Malaysian Companies: Part 2
by: Caitlyn Ng
Here we continue with Part 2 of the top 5 biggest Malaysian companies, a SaveMoney.my list that will contain a few entries where people exclaim, "Hey, that's not a surprise actually!" when they view it.
5) CIMB Group (RM57.27 billion)
With various corporate entities under the main Group such as CIMB Investment Bank, CIMB Islamic and CIMB Securities International, this corporation's name stands for "Commerce International Merchant Bankers Berhad". In January 2003, it was listed on the Main Board of the Kuala Lumpur Stock Exchange which lasted for only three years, during which time, CIMB managed to deliver returns of about 340% to its shareholders.
The CIMB market cap is at RM57.27 billion, its total assets are worth approximately RM370 billion and the dividend yield is set at 3.35% (the current price per share is RM7.64), placing it on the 467th spot in the "World's Biggest Public Companies" list by Forbes.
4) Axiata Group Berhad (RM58.08 billion)
As one of the largest Asian telecommunications companies, it was formerly known as TM International Berhad (TMI) since June 1992. This company was then listed on the Main Board of Bursa Malaysia Securities Berhad after it had split from the parent company Telekom Malaysia Berhad (TM) in 2008. It was subsequently given a new name and logo in April 2009 following a rebranding exercise, and is now known as Axiata, with mobile subsidiaries and associates in various countries such as M1 in Singapore, XL in Indonesia and Dialog in Sri Lanka. The current CEO is Dato' Sri Jamaludin Ibrahim.
With a market cap of RM58.08 billion, a total asset worth of approximately RM43 billion and a dividend yield that has been set at 2.37% (the current price per share is RM6.75), Axiata has earned the 807th spot on Forbes' "World's Biggest Public Companies" list.
3) Tenaga Nasional Berhad (RM62.76 billion)
Being the largest electricity utility company in Malaysia means that TNB is tasked to deal with the "generation, transmission, distribution and sale of electricity". TNB can trace its roots back to 1949 when the Central Electricity Board was established but was subsequently renamed as National Electricity Board of the States of Malaya (NEB). By 1990, it had become a private company wholly-owned by the government and was given the name Tenaga Nasional Berhad. Currently at the helm is Datuk Seri Ir. Azman bin Mohd.
TNB has a market cap of RM62.76 billion, approximately RM99 billion in total assets and a dividend yield of 2.72% (RM11.04 is the current price per share), earning it the 516th spot on the "World's Biggest Public Companies" list by Forbes.
2) Public Bank Berhad (RM67.04 billion)
A well known bank with the reputation as "the largest non-government-linked corporation in Malaysia", Public Bank was founded by Tan Sri Dr. Teh Hong Piow in August 1966 who had a vision to conceptualise "a bank for the public". With the ability to provide a strong and consistent profitability in the last 46 years, they are able to expand rapidly till their current position as a premier banking group. There are a total of 377 branches worldwide and the current CEO is Tan Sri Tay Ah Lek.
Having a market cap of RM67.04 billion, total assets of approximately RM275 billion as well as a dividend yield of 2.37% (RM18.60 is the current price per share) puts Public Bank on the 594th spot on Forbes' "World's Biggest Public Companies" list.
1) Maybank (RM88.00 billion)
Is it any surprise to anyone that the Malaysian company taking the number one spot on this list is Maybank (trade name: Malayan Banking Berhad)? Founded in 1960, Malaysian business tycoon Khoo Teck Puat with a few other partners decided to form a bank in Kuala Lumpur, which rapidly grew to more than 150 branches within a mere three years. The current CEO is Datuk Abdul Farid Bin Alias, who took over in August 2013.
With a market cap of RM88.0 billion, total assets of approximately RM495 billion and a dividend yield of 1.30% (the current price per share is at RM10.02), Maybank currently sits at the 332nd spot on Forbes' "World's Biggest Public Companies" list.
* Caitlyn Ng is an Investigative Journalist of SaveMoney.my, an online consumer advice portal which aims to help Malaysians save money through smart (and most of the time painless) savings in their daily banking, technology, and lifestyle spending habits.
