Our business weekly – FOCUS MALAYSIA – had its fourth running of the annual Best Under Billion Awards (BUBA). Once again it was a huge success as it honoured the achievements of many public listed companies which triumphed despite the trying economic tribulations over the past few years. The grand event was held at the KL Hilton on 9 November.
BUBA was conceptualised to honour public companies with market caps in the RM150 mil to RM950mil range. That constitutes 80% of all listed entities, in all sectors and industries. Organised annually since 2015 by Focus Malaysia, the awards were supported by Bursa Malaysia and the selection process was vetted by KPMG.
Most of these companies have humble beginnings, starting off as family businesses or small and medium enterprises but have grown to be a significant, if not the dominant, players in their areas of expertise. Several have even expanded globally. Yet, many are not easily recognisable names even among investors and analysts. That is why BUBA has given them the due recognition and attention.
There are more than 700 companies under the RM1 billion market capitalisation, out of which only 22 awards were given to the deserving. Awards were given to those who charted the best financial results and shareholder value over the past three years, including those with a record of strong sustainability and good governance.
From these category of winners, an overall winner was chosen. Mr Chuah Choon Bin, Chairman of Pentamaster, humbly accepted The Overall Winner of BUBA 2018, crediting the success to his team. Read here for the complete list of winners: www.focusmalaysia.my/BUBAwards2018
Overall Winner of BUBA 2018