Very briefly, the awards are based on three categories: highest growth in profit after tax; highest return on equity (ROE); and highest returns to shareholders over a three-year period for each of the Bursa Malaysia sectors. It is simple and transparent. Two out of three winners in all previous The Edge Billion Ringgit Club awards, since its inception in 2010, have gone on to outperform the FBM KLCI by an average return of 44% over a period of three years. Notably, all the winners of the BRC Company of the Year Award — the company that outperformed not only in the three financial criteria on profits, ROE and returns to shareholders but also in terms of corporate responsibility programmes — except for one, have outperformed by 70%, on average.
The Edge Malaysia successfully held its 16th iteration of The Edge Billion Ringgit Club and Corporate Awards event a fortnight ago. Once again, congratulations to all winners, the biggest and best of Corporate Malaysia, for their outstanding performances.
As I highlighted in my speech, The Edge Billion Ringgit Club awards recognise success based on transparent methodology, publicly available information as well as verifiable and universally accepted measures, which are also independently audited by Deloitte. Since the awards are given purely on merit and cannot be bought, the winners must truly be deserving and acknowledged by peers. And, indeed, past results have been validated by the subsequent outperformance of the winners’ share prices versus the broader market.
