Headline 13 Malaysian companies listed on Global 2000 MediaTitle The Malaysian Reserve Date 08 Jun 2018 Language English Circulation 12,000 Readership 36,000 Section Money Page No 9 ArticleSize 666 cm² Journalist FARA AISYAH PR Value RM 18,485

13 Malaysian companies listed on Forbes Global 2000

Maybank takes the lead China Construction Corp remains in the second spot. The although falls 4 spots to other two of China's "" 394th place with TNB — Agricultural Bank of at 503, CIMB (620) and China Ltd and (BoC) — remain in the top ten, which Public Bank (646) is evenly split between China and the US. by FARA AISYAH JPMorgan Chase & Co is now the largest company in the US, moving THIRTEEN Malaysian companies « up one spot to number three and asaKii are listed in the Forbes' 16th annual overtaking Inc Global 2000 list this year, which is (four). based on a combination of , Rounding out the top 10 are Agri- profits, assets and market value. cultural Bank of China Ltd (five), " Malayan Banking Bhd (Maybank) Corp (six), Wells once again leads local companies in Fargo & Co (seven), Apple Inc (eight), the list with a US$29.6 billion BoC (nine) and Ping An (RM117.68 billion) market capitalisa- Co of China Ltd (10). tion and US$9.13 billion of sales as at As a group, the Global 2000 June 2018. The bank fell four spots accounts for US$39.1 trillion in sales, from its 390th place last year to 394 in US$3.2 trillion in profit, US$189 tril- this year's list. lion in assets and US$56.8 trillion in Tenaga Nasional Bhd (TNB) is market value. All metrics are up in ranked at 503 in the list, compared to double digits year-on-year, with 490 last year, with a US$23.1 billion profits gaining an impressive 28%. market cap and US$11.04 billion in In addition, there are 131 new- sales as at June 2018. comers to the list this year as the CIMB Group Holdings Bhd global initial public offering (IPO) recorded an improved ranking at market has started to pick up and

620th place, which was ranked at Pic by Hussein Shaharuddin helped to secure 14 companies on 671 last year. The indigenous Asean TNB is ranked at 503 in the list, compared to 490 last year, with a RM91.9b market cap and RM43.9b in sales as at June 2018 the 2018 list. investment bank has a market cap Essity Aktiebolag, a Swedish per- of US$16.4 billion and US$6.64 sonal care company, was the highest billion of sales as at the first half debut in 2018, at 722. Spotify Tech- of 2018. nology SA, the most high-profile Public Bank Bhd, which was listed IPO debuted at 1,644 in large part in the top three Malaysian compa- because of its US$27 billion market nies last year (632), now ranked at cap. 646 with a market cap of US$23.3 Money & Market, Forbes Media billion and sales of US$4.73 billion deputy editor Halah Touryalai said as at June 2018. it has been a strong year for busi- Chemical Group Bhd nesses worldwide, and companies ranked at 1,268 with a market cap of on the Forbes 2018 Global 2000 saw US$17.1 billion and sales of US$4.05 their market value, assets, sales and billion as at June 2018. profits jump. Other Malaysian companies in "But while this year's market cor- the list are RHB Bank Bhd (1,448), rection may not hurt the world's Axiata Group Bhd (1,508), Sime largest public companies' looming Darby Bhd (1,535), Hong Leong geopolitical challenges, like a trade Financial Group Bhd (1,568), Sime war, are a different story.

Darby Plantation Bhd (1,624), Maxis TMR pic TMR pic "With China and the US making Bhd (1,779), Genting Bhd (1,811) and CIMB records an improved ranking at 620th place, which was Maybank achieved an RM117.7b market cap as at June 2018. It fell up more than 40% of the Global AmBank Group (1,911). ranked at 671 last year 4 spots from its 390th place last year to 394 in this year's list 2000, the possibility of a trade war Previously, 14 local companies between the two is a major risk for made it to the 2017 list, while 15 com- Chinese companies extend their 2000 list, with the Industrial and ranked first for the sixth conse- global companies," she said in a panies made it to the 2016 list. streak at the top of the Global Commercial Bank of China Ltd cutive year. statement yesterday.