KUALA LUMPUR (Sept 25): Rating agency Standard & Poor’s Ratings Services said that the aggregate debt of Malaysian companies is likely to keep growing over the next 12 months because of their sustained capital expenditure and dividends, said its credit analyst Xavier Jean.
“Capital expenditure for the 24 companies we reviewed in Malaysia is likely to remain high in 2014. Moreover, we expect managements to maintain high dividend payouts. At the same time, revenue growth is also slowing,” he told reporters during media luncheon today.
Jean was commenting on the recent finding of its survey of 24 Malaysian companies, which is part of “ASEAN Top Companies” series of reports.