Petronas

The Forbes Global 2000 is an annual ranking of the top 2000 public companies in the world features in Forbes magazine. The ranking is based on four criteria namely  Sales, Profit, Assets and Market value.

The ranking was first published in 2003 and it is a useful indicator for leading public companies in the world.

For the 2012 ranking, there are 18 Malaysian companies listed drop from 20 in 2011. The companies that no longer in the list were PLUS Expressway and PPB Group.

The table below is top 20 of 2012 Forbes Global 2000 and all the position of Malaysian companies in the list.

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Bursa

The FBM KLCI is a tradable index comprises of the 30 largest companies in the Bursa Malaysia by market capitalization. The index’s a component underwent a review on 8th December 2011

The prediction made earlier, was partly correct. Bumi Armada, UEM Land and AirAsia are joining the KLCI to replace PLUS, MISC and Gamuda. UEM Land’s inclusion is effective from 13th December while Bumi Armada and AirAsia will be part of the index from 19th December.

With Gamuda drop from the index, there is no longer any construction representative in the index. However, the inclusion of UEM Land into the index gives a property sector representation.

The table below is the new FBM KLCI component’s stock together with their sector, market capitalization (actual & adjusted) and weightage.

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Initial Public Offering

The year 2011 almost reaches its end with 4 big IPOs listed in Bursa Malaysia. These IPOs were MSM Malaysia, Bumi Armada, UOA Development, and Pavilion REIT.

MSM Malaysia & Bumi Armada IPO were performing very well since listing. On the other hand, UOA Development performed badly with the current price almost half of the listing price. Performance of Pavilion REIT IPO remained to be seen when it will be listed on 7th December.

In 2012, there will be 3 most-wanted IPOs namely, Felda Global Ventures Holdings, Integrated Healthcare Holdings (IHH) and Gas Malaysia. Probably, there will be more big IPO in 2012 but no details are currently available.

Felda Global Ventures Holdings

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OSK still foresees potential for further market retracement, although a possible deep recession can probably be averted. However, OSK maintains 2012 KLCI fair value at 1466 pts seeing a slow recovery forward unlike in 2009.

OSK is recommending Telcos, Consumer, Healthcare and Media as defensive sectors. With the market approaching 1350pts non recessionary bottom, OSK believes some Bottom “Nibbling” would be reasonable, although aggressive bottom fishing is not recommended.

The table below is the OSK top 10 stocks for a bottom ‘nibbling’ including fair value, dividend yield & rating.

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Fortune

Recently, we look at Fortune Global 500, world’s largest companies by revenue as compiled and published annually by Fortune magazine on 25th July 2011

In the same list, Fortune Magazine also list out top 50 world’s most profitable companies. The first spot was claimed by Nestlé of Switzerland with more than $32 billion in profit from $105 billion revenue.

Malaysia national oil company, Petronas at 11th  position with more than $17 billion profits from $76.9 billion revenue. The profit increased by 50% when compared to 2009.

The table below is top 50 of world’s most profitable companies.

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