Maybank top Malaysian company in Forbes list

Malaysia's largest financial services group moved up nine places from last year.

Malaysia's largest financial services group moved up nine places from last year.

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Written by Syndicated News

KUALA LUMPUR — June 9, 2016: Maybank, which has assets worth US$165 billion, has been placed at 362 among the top 500 of Forbes’ Annual Global 2000 list of biggest public companies this year.

The country’s largest financial services group’s ranking improved nine notches from last year.

The only other Malaysian company that made it to top 500 is national utility giant, Tenaga Nasional, at 464.

About 15 Malaysian companies made it to the 2,000 biggest public companies, among them Public Bank (581), CIMB Group (668), Sime Darby (813), Axiata Group (1,028), Genting Berhad (1,246), Petronas Chemicals (1,293) and MISC at 1,344.

RHB Capital was at number 1,398 in the list , Hong Leong Financial (1,431), Petronas Gas (1,487), AmBank Group (1,535), Maxis (1,546) and IHH Healthcare at 1,938.

On the methodology, Forbes said it compiled the Global 2000 list using data from FactSet Research systems to screen for the biggest public companies in four metric: sales, profits, assets and market value.

The market value calculation was based on closing prices as of last April 22 and included all common shares outstanding.

Industrial and Commercial Bank of China, China Construction Bank and Agricultural Bank of China held on to the top three spots in the list, a comprehensive annual ranking of the world’s largest public companies. — Bernama



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