Bursa Malaysia • Annual Report 2013
29
A Sustainable Marketplace
Malaysia is today experiencing a revitalisation of
investment and this is expected to increase. The
Government Transformation Programme (GTP)
and Economic Transformation Programme (ETP)
continue to generate a robust investment pipeline,
fuel domestic demand growth and create an
even more conducive business environment for
Malaysian PLCs to grow.
Domestic demand is also expected to thrive
until 2020 on the back of consumer spending by
Malaysian baby boomers born between 1979 and
1989. Malaysia will have one of the fastest-growing
working populations in the world between now and
2020. To add, Malaysia’s savings rate is amongst
the highest in the world and we have a sustainable
pool of capital to fund domestic growth.
By instilling strong corporate governance
measures, developing innovative product and
service offerings, as well as fostering a healthy
IPO pipeline, among a throng of other initiatives,
Bursa Malaysia is complementing efforts to ensure
a robust and sustainable Malaysian marketplace.
We believe that as the developments within ASEAN
and our marketplace unfold, Bursa Malaysia’s
position as a diverse and sustainable multinational
marketplace will strengthen.
Our good performance in 2013 is certainly helping
to reinforce our standing as a relevant, innovative
and attractive “market on the move”.
SOUND PERFORMANCE
2013 was by all accounts a year of many achievements for Bursa Malaysia. At a profit after tax and minority
interest (PATAMI) of RM173.1 million, a cost to income ratio of 48.3% and a return on equity (ROE) of 20.7%,
we delivered our best ever financial performance since 2008. Trade volumes on our Securities and Derivatives
Markets, as well as Bursa Suq Al-Sila’ (BSAS), saw double digit growth from the preceding year and provided
the uplift in PATAMI of 15% as compared to a PATAMI of RM150.6 million in 2012. Over the course of 2013,
we also strengthened our infrastructure and rolled out several new products. On top of this, we made strong
strides forward and are now near completion of the refresh of our core systems.
Financial Highlights
2013
2012
Financial Results
RM million RM million
% Change
Operating Revenue
439.8
388.5
+13%
Other Income
35.2
36.1
-3%
Operating Expenses
(229.4)
(209.2)
+10%
Profit Before Tax
245.6
215.3
+14%
Income Tax Expense
(66.2)
(58.5)
+13%
Profit After Tax
179.4
156.9
+14%
Minority Interest
(6.3)
(6.3)
-
PATAMI
173.1
150.6
+15%
Financial Ratios
Cost to Income Ratio
48.3%
49.3%
-2%
Return on Equity
20.7%
17.7%
+17%
13% Growth in Operating Revenue; Higher Trading on All Markets
Bursa Malaysia’s operating revenue grew to RM439.8 million in 2013 from RM388.5 million in 2012.
This was primarily attributable to the increase in securities, derivatives and BSAS trading revenue.
The year saw our securities trading revenue improving by 22% to RM217.3 million in 2013. Trading activity
was high as investors reacted to news on the local political arena and uncertainties in the global sphere.
There was increased participation by both domestic and foreign institutions in our marketplace with trade
value growing by 22% and 27% respectively. Meanwhile, retail participation grew by 21%.
Derivatives trading revenue improved by 11% to RM70.3 million in 2013. The growth in trades was largely
due to higher foreign interest in our market. Volume traded by foreign institutions grew by 32% in 2013, while
their participation in the market improved to 42% in 2013 from 36% in 2012.
BSAS trading revenue too rose by 70% to RM5.8 million in 2013. Domestic trades grew by 77%, while foreign
trades grew by 56%.
Chief Executive Officer’s Message and Management Discussion and Analysis
From the Board of Directors and Senior Management
