Maybank crosses RM100b market cap mark

Malayan Banking Berhad (Maybank) made corporate history with its total market capitalisation having crossed the RM100 billion mark.

This is the first time a company, listed on Bursa Malaysia, has hit this unique milestone.

While on the surface, a RM100 billion market capitalisation does not truly reflect Maybank’s profitability or outlook, it does however show an overall positive sentiment the market has on the country’s biggest lender.

At midday trading, Maybank shares stood at RM9.55, and had a market capitalisation of RM100.62 billion. Tenaga Nasional Berhad (RM80.36 billion) and Public Bank Berhad (RM77.85 billion) trails behind Maybank. The top three organisations hold a cumulative market capitalisation of over RM250 billion.

To contrast Malaysia’s bourse with regional bourse-giants – Singapore – the top three companies there are Jardine Matheson Holdings Limited, Singapore Telecommunications Limited and DBS Group Holdings Limited.

Jardine Matheson is the reigning billion-dollar market cap company in the island-nation, with a market capitalisation of SGD67.2 billion as at June 1. The centuries old conglomerate has controlling stakes over a host of Singapore listed companies including Jardine Cyle& Carriage and Mandarin Oriental International.

Singapore’s second and third largest companies, Singapore Telecommunications and DBS Group has SGD60.6 billion and SGD52.6 billion worth of market capitalisation as at June 1.

But between the Malaysian and Singaporean markets, it is clear that companies in the banking, telecommunications and energy sectors still reign supreme in dominating market capitalisation.