Top 20 GLC market cap grew by 2.3 times to RM431b in 11 year period

PETALING JAYA: The top 20 Government-linked companies (G20) saw their market capitalisation grew 3.2 times or RM297.3 billion, from RM133.8 billion to RM431.1 billion from May 14, 2004 to April 7, 2015.
Over the same period, G20 total shareholder return grew 12.6% per annum, outperforming the FBM KLCI by 0.4% per annum.
Meanwhile, G20 net profit hit RM26.2 billion in FY2014, close to the all-time high of RM26.3 billion in FY2013, and grew at a compounded annual growth rate (CAGR) of 10.2% from FY2004 to FY2014.
Current G20 companies includes Affin Holdings Bhd, Axiata Group Bhd, BIMB Holdings Bhd, Boustead Holdings Bhd, Chemical Company of Malaysia Bhd, CIMB Group Bhd, Malayan Banking Bhd, Malaysia Airports Holdings Bhd, Malaysian Airline System Bhd, Malaysian Building Society Bhd, Malaysian Resources Corporation Bhd, Sime Darby Bhd, Telekom Malaysia Bhd, Tenaga Nasional Bhd, TH Plantations Bhd, UEM Group Bhd and UMW Holdings Bhd.
Prime Minister Datuk Sri Mohd Najib Tun Abdul Razak said Government-linked investment companies (GLICs) and Government-linked companies (GLCs) should continue to institutionalise the three underlying principles of the GLC Transformation (GLCT) programme, post the 10-year programme.
The three principles, he said, are performance focus, nation building, and good governance and providing benefits to all stakeholders.
Whilst acknowledging that GLICs and GLCs have become better performing companies over the last 10 years, Najib said competition has not stood still.
"It will be imperative for GLICs and GLCs to continuously strive for greater heights, whether it is in terms of being best in class or emerging as regional, if not global champions," Najib said in his closing remarks during the 28th Putrajaya Committee on GLC High Performance meeting in Putrajaya, last Friday.
GLCs have significantly contributed to nation-building and have been supporting the local economy, with G20 spending RM153.9 billion in domestic investments from FY2004 to FY2014, and providing employment to 225,050 Malaysians in 2014.
The government will hold the GLC Open Day 2015 from 7 to 9 August 2015 at the KL Convention Centre to mark the graduation of GLCs from the GLCT Programme.
Najib will launch the programme with the theme "Graduating to a Higher Class: Nation-Building, Touching Lives".