PETALING JAYA (Dec 9): Hartalega Holdings Bhd won the coveted The Edge Billion Ringgit Club (BRC) Company of the Year award for 2020, the 11th edition of the award to honour Corporate Malaysia’s crème de la crème.
Due to the ongoing conditional movement control order (CMCO) in Kuala Lumpur and Selangor, the annual gala dinner and award presentation was not held. Nonetheless, a total of 48 corporate awards were still presented to 35 companies this year to spur Corporate Malaysia on during the current tough patch.
“We started the awards in 2010, with the aim of encouraging Malaysian companies to be even better at what they do, to grow, invest, create jobs as well as be socially responsible. That, in turn, is hoped to inspire others to excel. The message that Corporate Malaysia is resilient and can strive on is all the more important during this time,” The Edge Media Group publisher and CEO Datuk Ho Kay Tat said, adding that the award is coveted because the results are independently audited and they cannot be bought.
Datuk Ong Eng Bin, CEO of OCBC Bank Malaysia Bhd, concurred that the recognition of continued corporate excellence is of greater significance on the backdrop of challenging times in face of Covid-19: “Despite the environment caused by the pandemic, Corporate Malaysia has continued its sustainable initiatives. Climate change and social justice realities call for organisations big and small to embrace environmental, social and governance (ESG) practices even more wholeheartedly in all they do.”
There are 161 The Edge BRC members this year, down from 168 last year. The all-time high was 185 in 2011.
At RM1.41 trillion as at end-June, the total market capitalisation of the 161 BRC members was below the RM1.55 trillion among the 168 BRC members as at end-March last year. Even so, this year’s BRC members made a collective pre-tax profit of RM107.7 billion in financial year 2019 (FY2019), up 8.2% from the RM99.5 billion. Collective net profit was RM80.78 billion, up 10.6% from RM70.73 billion in FY2018.
BRC members continue to be major taxpayers, paying an estimated RM26.9 billion in taxes for FY2019 — more than 40% of the annual companies income tax collection estimated by the federal government.
Companies with at least RM1 billion market capitalisation as at March 31 each year are added to the annual The Edge-BRC membership list automatically and are evaluated on growth in profit, returns to shareholders and corporate responsibility (CR) commitments, among others. This year the cut-off date was changed to June 30 due to the Covid-19 pandemic.
Last year, Press Metal Aluminium Holdings Bhd was named Company of the Year, trailing Petronas Dagangan Bhd, which received the award in 2018. AirAsia Bhd was the award recipient in 2017, Nestle (Malaysia) Bhd in 2016 while Tenaga Nasional Bhd won it in 2015. Prior to that, it was Dutch Lady Milk Industries Bhd (2014), DiGi.Com Bhd (2013), Genting Bhd (2012), QL Resources Bhd (2011) and Supermax Corp Bhd (2010).
The Value Creator: Outstanding CEO of Malaysia award was not given out this year. Past winners of the Value Creator: Outstanding CEO of Malaysia award are Public Bank Group chairman Tan Sri Teh Hong Piow, former CIMB group chairman Datuk Seri Nazir Razak, AMMB Holdings Bhd chairman Tan Sri Azman Hashim, AirAsia group CEO Tan Sri Tony Fernandes, former S P Setia Bhd president and CEO Tan Sri Liew Kee Sin, former Malayan Banking Bhd president and CEO Tan Sri Abdul Wahid Omar, Axiata Group Bhd president and group CEO Tan Sri Jamaludin Ibrahim, Sunway Group chairman Tan Sri Jeffrey Cheah, Khazanah Nasional Bhd former managing director Tan Sri Azman Mokhtar, Westports Holdings Bhd executive chairman Tan Sri G Gnanalingam, Dialog Group Bhd executive chairman and co-founder Tan Sri Ngau Boon Keat and QL Resources Bhd executive chairman Dr Chia Song Kun.
OCBC Bank Malaysia, a key partner since the award’s inauguration in 2010, returns as the main sponsor for the eleventh year this year. Mercedes-Benz Malaysia is the official car.
“I thank OCBC and Mercedes-Benz for their steadfast support of the BRC. We hope this prestigious annual gathering, which we have had to halt for the first time this year, would continue to be Corporate Malaysia’s most anticipated corporate awards ceremony as the world recovers from the pandemic,” Ho said.
Details on The Edge BRC members and award winners will be published in a special supplement in the Dec 14 issue ofThe Edge Malaysia, available on newsstands and digital subscribers this Saturday, Dec 12.
Consumer products & services sector
Financial services sector
Below RM10 billion market capitalisation
Financial services sector
RM10 billion and above market capitalisation
Industrial products & services sector
Below RM3 billion market capitalisation
RM3 billion and above market capitalisation
Telecommunications & media sector
Transportation & logistics sector
Big cap companies
Companies with RM10 billion to RM40 billion market capitalisation
Super big cap companies
Companies with more than RM40 billion market capitalisation
Company of the Year