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Achieving Fair Valuation Through Investor Relations
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Achieving Fair Valuation Through Investor Relations
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Achieving Fair Valuation Through Investor Relations
BY WEBMASTER ON JULY 21, 2016
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The 2016 MIRA Investor Relations Awards (Awards) is all about recognising the individuals and companies
that have shown excellence in implementing the 䑉쀀eld of investor relations (IR). Held for the sixth year at
Sime Darby Convention Centre, the event was attended by more than 350 IR practitioners and
representatives of public listed companies (PLC) nationwide. Sime Darby Bhd emerged as the winner of the
most awards this year, clinching top honours for “Best Company for IR” in the Large Cap category.
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Sime Darby Group photo with all their Awards. Standing from left: Nadiah Hanim Abdul Latif (Head, Corporate A airs Sime
Darby Berhad), Philip Kunjappy (Group Chief Trading & Procurement O cer, Sime Darby Berhad), Hezreen Fareisha Abu
AUGUST 3, 2016
Hasan (Executive of Investor Relations, Sime Darby Berhad), Leela Barrock (Group Head of Communications, Sime Darby
Gagfare – Book Now, Pay Later
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Berhad), Tan Sri Dato’ Seri Mohd Bakke Salleh (President & Group Chief Executive of Sime Darby Berhad), Zulki䊆i Zainal
Abidin (Group Chief Human Resources O cer, Sime Darby Berhad), Saravanan Desigamanie (Investor Relations O cer,
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Achieving Fair Valuation Through Investor Relations
Abidin (Group Chief Human Resources O cer, Sime Darby Berhad), Saravanan Desigamanie (Investor Relations O cer,
Sime Darby Berhad), Christine Lau Fei Ling (Senior Executive of Investor Relations, Sime Darby Berhad)
A total of 21 awards in 10 categories polled according to market capitalisation were presented including “Best
AUGUST 3, 2016
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Company for IR”, “Best CEO for IR”, “Best CFO for IR”, “Best IR Professional”, “Best IR Website”, “Best IR for an IPO
MAA Takaful Berhad Renamed to
Company 2015”, “Best Business Knowledge & Insights of an IR Team”, “Most Improved Service from an IR Team”,
Zurich Takaful Malaysia Berhad
“Best Quality of Annual Reports/Formal Disclosure”, and “Best Quality of One-on-One Meetings”.
Steven Tan, Chairman of MIRA giving a welcome speech at the Awards
Helping a PLC achieve a fair valuation for its securities traded stock exchange is the ultimate aim for IR practitioners.
This is in line with the tagline of this year’s awards event “Achieving Fair Valuation Through IR”. Chairperson of MIRA,
Steven Tan said in his welcome speech, “As we gather to celebrate the “stars” of the IR industry who have truly
demonstrated some of the best practices of the industry, we believe that these examples of good corporate
governance will motivate and drive more PLCs to adopt and ultimately increase the rate of e ective IR campaigns.
With IR holding a prominent role in seamless communication between PLCs and investors, this is de䑉쀀nitely the time
to go the extra mile to generate added value for companies as well as their stakeholders.”
Dato’ Tajuddin Atan, CEO Bursa Malaysia Bhd commented in his speech, “The winners have raised the bar across
the board, which have a positive impact towards the company’s business model, growth prospect and corporate
governance.”
In his keynote address, Tuan Ahmad Fairuz Zainol Abidin, Deputy Chief Executive of Securities Commission Malaysia
(SC) concurred, stating that investors who are looking for stability in returns tend to gravitate towards companies
with a good governance record, a track record of consistent earnings with potential for growth and/or a favourable
dividend policy. “Valuation is the key, if not sole, principle in guiding an investor’s investment decision,” he said
adding that the Malaysian capital market is a major source of 䑉쀀nancing with RM90 billion raised through the
primary market in 2015, of which RM86 billion was raised through bonds while RM4 billion was raised via initial
public o erings (IPOs). The secondary equity market raised an additional RM17 billion.
An Indispensable Role
The role of IR becomes crucial during a market slowdown. When times are bad, IR will be at the front lines
explaining the extent of the negative impact and what the company is doing to counter it. This means answering
numerous queries from many investors, analysts and fund managers. “It’s about being consistently transparent. If
companies only share good news and hide the bad, it translates to bad governance. This will erode investor
con䑉쀀dence. The market understands that every business goes through economic cycles. Listed companies need to
accept that share price 䊆uctuations goes in line with it,” Tan explained.
Due to the prominent nature of the IR in a PLC, the role should ideally be occupied by a senior executive who has
been with the company since its early days, according to May Tan, an advisor for MIRA and a veteran in IR. “When
these IR practitioners start out as juniors, they must be made to feel part of the 䑉쀀rm and work closely with the top
management especially the CEO. Only then will they be able to convey the company’s message e ectively to the
investing community.”
A Showcase of Excellence in IR
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Achieving Fair Valuation Through Investor Relations
Standing from left: Lee See Wor (Senior Vice President Finance and Corporate, Genting Plantations Berhad), Ahmad Fairuz
Zainol Abidin (Deputy Chief Executive, Securities Commission Malaysia), Leela Barrock (Group Head of Communications,
Sime Darby Berhad), Steven Siaw Kok Tong (Senior Vice President, Vitrox Corporation Berhad)
Commenting on the Awards, Andrew Heng, partner of Baker Tilly Monteiro Heng, the sixth largest accounting and
business advisory 䑉쀀rm in Malaysia and the main sponsor of the MIRA IR Awards, said, “Sime Darby’s impressive
performance is certainly a benchmark every PLCs can aim for. Of course, they are one of the few companies with a
large and well-run in-house IR team. Smaller cap companies can start o with outsourcing IR to capable consultants
and when they reach a size say, high mid cap onwards, they can seriously consider developing their own IR
department.” Heng observed that where previously IR was only practiced when companies were raising funds
through listing exercises, it has shown a healthy progress in building long-term relationships with stakeholders
thanks to the e orts by Bursa Malaysia and SC. “This goes a long way in re䊆ecting the PLC’s true share price and fair
value.” Heng also emphasised the key role that CEOs and CFOs play in IR, “Without commitment from the CEO and
CFO, IR could not be e ectively executed. As such, we applaud MIRA’s inclusion of the “Best CEO for IR” and “Best
CFO for IR”awards.”
Standing from left: Ahmad Fairuz Zainol Abidin (Deputy Chief Executive, Securities Commission Malaysia) Dato’ Ahmad
Kabeer bin Mohamed Nagoor (Chief Executive O cer, AWC Berhad)
This year, one Micro Cap company stood out among the rest, a testament that even Micro Cap PLCs can practice
excellence in IR as well. The company is none other than AWC Berhad, who was awarded “Best Micro Cap Company
in IR”.
Nasdaq OMX (NOMX) was engaged to conduct the 6th IR survey, with over 1,500 asset managers and investment
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Nasdaq OMX (NOMX) was engaged to conduct the 6th IR survey, with over 1,500 asset managers and investment
professionals at brokerage 䑉쀀rms participating in the poll. These companies were polled under di erent categories
of market capitalisation, namely, Micro Cap, Small Cap, Mid Cap and Large Cap. The 䑉쀀nal results of the survey were
based on veri䑉쀀ed substantial responses to provide validity to the 䑉쀀ndings as well as to enhance the value to votes
from the most in䊆uential buy-side and sell-side institutions.
MIRA IR Awards were organised with the support of Bursa Malaysia, with Esente Communcations (M) Sdn Bhd, a
leading Malaysian IR and public relations (PR) 䑉쀀rm as the o cial event partner. Other sponsors include Boardroom
Corporate Services (KL) Sdn Bhd, ShareInvestor Malaysia and 7-Eleven Malaysia Holdings Bhd, Astro Awani Network
Sdn Bhd, Focus Malaysia and Smart Investor magazine.
Tan concluded, “In the past, the simplistic objective behind the practice of IR was to increase the company’s share
price over the short-term. Today, measures of success are di erent with companies seeking to build long-term
relationships with their stakeholders. Ultimately continuous engagement is key to unlocking fair valuation for a PLC,
and it is IR that forms the most viable platform for communication between PLCs and the investment community
towards conveying key messages, i.e., key corporate developments, both past and present, as well as corporate
governance and dividend policies which are in place.
Standing from left:
Ng Bee Lien (Chief Financial O cer, Sunway Construction Group Berhad), Chung Soo Kiong, (Managing Director, Sunway
Construction Group Berhad), Firdauz Edmin Mokhtar (Vice President & Chief Financial O cer, Barakah O shore Petroleum
Berhad), Frederick Tan Aik Yong (Executive Director, TSH Resources Berhad), Lee See Wor (Senior Vice President Finance and
Corporate, Genting Plantations Berhad), Dato’ Ahmad Kabeer bin Mohamed Nagoor (Chief Executive O cer, AWC Berhad),
Hezreen Fareisha Abu Hassan (Executive of Investor Relations, Sime Darby Berhad), Christine Lau Fei Ling (Senior Executive
of Investor Relations, Sime Darby Berhad), Leela Barrock (Group Head of Communications, Sime Darby Berhad), Steven Siaw
Kok Tong (Senior Vice President, Vitrox Corporation Berhad), Karl Erik Broten (Chief Financial O cer, DiGi.Com Berhad), Bin
Lay Thiam (Senior General Manager of Finance, Econpile Holdings Berhad), Victor Wong Tze Meng (Chief Financial O cer,
MRCB-Quill REIT), Khoo Chong Keong (Chief Financial O cer, Engtex Corporation Berhad)
Sitting from left:
Evan Cheah (Non-Independent Non-Executive Director, Sunway Construction Group Berhad), Saravanan Desigamanie
(Investor Relations O cer, Sime Darby Berhad), Tan Sri Dato’ Seri Mohd Bakke Salleh (President & Group Chief Executive,
Sime Darby Berhad), Datuk Seri Tajuddin Atan (Chief Executive O cer, Bursa Malaysia Berhad), Ahmad Fairuz Zainol Abidin
(Deputy Chief Executive, Securities Commission Malaysia), Steven Tan (MIRA Chairman), Yap Choi Foong (Chief Financial
O cer, RHB Capital Berhad), Ismarita Ismar (Assistant General Manager of Corporate Planning, Perisai Petroleum Teknologi
Berhad), The Kun Ann (Executive Director, Econpile Holdings Berhad), Jason Teh Poh Leng (Head of Corporate Finance &
Investor Relations, Hong Leong Bank Berhad)
Full of List of Award Winners:
Best Company for Investor Relations:
Large Cap: Sime Darby Berhad
Mid Cap: Genting Plantations Berhad
Small Cap: Vitrox Corporation Berhad
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Small Cap: Vitrox Corporation Berhad
Achieving Fair Valuation Through Investor Relations
Best CEO for Investor Relations:
Large Cap: Tan Sri Dato’ Seri Mohd Bakke Salleh (SIME Darby Berhad)
Mid Cap: Tan Sri Lim Kok Thay (Genting Plantations Berhad)
Small Cap: Dato’ Ng Hook (Engtex Group Berhad & Datuk Zainol Izzet Mohamed Ishak (Perisai Petroleum
Teknologi Berhad)
Best CFO for Investor Relations:
Large Cap: Yap Choi Foong (RHB Capital Berhad)
Mid Cap: Ng Bee Lien (Sunway Construction Group Berhad)
Small Cap: Bin Lay Thiam (Econpile Holdings Berhad) & Victor Wong Tze Meng (MRCB-Quill REIT)
Best Investor Relations Professional:
Large Cap: Benjamin Poh Chee Fong (Sime Darby Berhad)
Mid Cap: Frederick Tan Aik Yong (TSH Resources Berhad)
Small Cap: Steven Siaw Kok Tong (Vitrox Corporation Berhad)
Best Investor Relations Website:
Large Cap: Digi.com Berhad
Mid Cap: Sunway Construction Group Berhad
Small Cap: Barakah O shore Petroleum Berhad & Econpile Holdings Berhad
Best Investor Relations for an IPO Company in 2015
Sunway Construction Group Berhad
Best Micro-Cap Company in Investor Relations
AWC Berhad
Best Knowledge & Insights of Investor Relations Team
Sime Darby Berhad
Most Improved Service from Investor Relations Team
Hong Leong Bank Berhad
Best Quality of Annual Reports / Formal Disclosure
Sime Darby Berhad
Best Quality of One-on-One Meetings
Sime Darby Berhad
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