Friday 26 Apr 2024
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KUALA LUMPUR (Apr 16): Bursa Malaysia Bhd's annual flagship event Invest Malaysia Kuala Lumpur (IMKL) 2015 next week will be a platform for notable Malaysian and regional companies to promote themselves to global institutional investors.

Bursa Malaysia (fundamental: 2.3; valuation: 1.7) director for securities market Ong Li Lee said IMKL, which would be held next Thursday (Apr 23) and Friday (Apr 24) at the Mandarin Oriental hotel here, would see the participation of 51 Malaysian companies and 13 entities from across the Association of Southeast Asian Nations (Asean) region.

Of the 51 Malaysian companies, 90% are big-cap companies while the rest are mid- and small-cap entities, according to Ong.

She said there would be 50 local and foreign funds joining the event. "(A total of) 22 are new funds. Most of the funds come from Hong Kong and Singapore. The others are from the US, UK, Taiwan, Japan and Germany," she told reporters at a media briefing on IMKL today.

The IMKL platform showcases the diversity of Malaysia’s capital market and introduces multinational companies that would drive economic growth within the Asean region.

IMKL also provides an annual platform for regulators and policy makers to promote the Malaysian agenda and announce key developments in the Malaysian capital market.

Highlights of two-day event will include Prime Minister Datuk Seri Najib Tun Razak's keynote speech and a presentation by Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz.

Other prominent speakers include Minister in the Prime Minister's Department Datuk Seri Wahid Omar and Khazanah Nasional Bhd managing director Tan Sri Azman Mokhtar.

IMKL 2015, with the theme "Asean's Multinational Marketplace" is co-organised and co-sponsored by CIMB Investment Bank.

Bursa Malaysia shares rose seven sen or 0.8% at 12.30pm to RM8.77 for a market capitalisation of RM4.68 billion.

The stock had gained 8% this year, outperforming the FBM KLCI's 5% rise.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)

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