Shares of Malaysian companies in Forbes Asia's Best Under A Billion 2022 list rise at mid-morning

TheEdge Thu, Aug 11, 2022 11:58am - 7 months View Original

KUALA LUMPUR (Aug 11): Shares of the seven Malaysian companies that made it to the Forbes Asia's Best Under A Billion 2022 list rose at mid-morning on Thursday (Aug 11).  

ViTrox Corp Bhd hiked 32 sen or 4.43% to RM7.54 with 57,100 shares traded. Greatech Technology Bhd gained 14 sen or 3.7% to RM3.92, with 891,200 shares transacted.

Meanwhile, D&O Green Technologies Bhd climbed 14 sen or 3.59% to RM4.04, with 406,000 shares done. Kim Loong Resources Bhd traded higher by two sen or 1.2% to RM1.68 with a volume of 33,200.

On the ACE Market, Tashin Holdings Bhd increased one sen or 2.27% to 45 sen, with 158,000 shares changed hands.

CE Technology Bhd shares have not been traded on Thursday yet, therefore its price remained unchanged at RM1.15. However, the RM1.15 is its record high since the company was listed on Bursa Malaysia’s LEAP Market in June 2019.

UG Healthcare, which is listed on Singapore Exchange, also saw its share price grow half a cent or 2.38% to 22 Singapore cent, with 458,700 shares traded.

The Forbes Asia's Best Under A Billion 2022 is an annual list that highlights 200 Asia-Pacific public companies with less than US$1 billion in sales and consistent top- and bottom-line growth.

The companies on the list, which is unranked, were selected based on a composite score that incorporated their overall track record in measures such as debt, sales and earnings-per-share growth over both the most recent fiscal one- and three-year periods, and the strongest one- and five-year average returns on equity.

Aside from quantitative criteria, qualitative screens were used as well, such as excluding companies with serious governance issues, questionable accounting, environmental concerns, management issues or legal troubles.

The list uses full-year annual results, based on the latest publicly available figures as of July 11, 2022.

Read also:
Seven Malaysian companies make it to Forbes Asia's Best Under A Billion 2022 list

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