Bursa Malaysia • Annual Report 2013
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MARKET IMPROVEMENTS
Over the course of 2013, several initiatives were undertaken to strengthen the
Securities Market infrastructure. These included the following:
• eRights Issue Applications via Bank ATMs and Internet Banking Facilities
This initiative enables shareholders to subscribe for and make payment for
rights issue applications via several convenient electronic channels thereby
ensuring error-free transactions and greater cost efficiencies.
• Enhancements to Central Matching Facility (CMF)
The CMF was further enhanced to include a multi-currency capability and
straight through processing features by linking with the CDS Transfer Module.
• eStatement - Electronic CDS Statements and Notices
This initiative offers CDS account holders, particularly technologically-inclined
investors, the convenience of receiving electronic communications rather than
hard copies.
• Refresh of Trading Engine, Bursa Trade Securities 2 (BTS2)
The new trading platform, BTS2, went live on 2 December 2013, well ahead
of the initial Q1 2014 target. BTS2 is powered by NASDAQ OMX’s X-Stream
INET. The new system will provide the necessary headroom for the market to
grow in terms of trade volume and participation while enhancing the trading
experience.
• Enhancement to the Admission Criteria for Regulated Short Selling (RSS)
as well as Securities Borrowing and Lending (SBL)
This initiative serves to increase the breadth and depth of the SBL market
as well as increase market liquidity via more RSS activities. As a result, the
number of eligible RSS stocks increased from 100 to 171, outstanding SBL
grew to RM1.7 billion by end 2013 (end 2012: RM450 million), while monthly
average RSS trading value rose to RM142 million in 2013 (2012: RM28
million).
• Listing of the First Malaysian Stapled Securities
The first Malaysian stapled securities was listed with market capitalisation
of RM13.1 billion. Comprising shares of KLCC Property Holdings Berhad
and units of KLCC REIT, it brings a new investment flavour to the diversity of
products that the Exchange offers investors.
• Issuance of amended Rules to Enable the Listing of Business Trusts
This will enable business enterprises with stable growth and cash flow to
consider business trusts as an alternative structure to raise capital.
SECURITIES MARKET
MARKET ENGAGEMENT
2013 saw us continuing to engage with over 1,000 institutional and almost
20,000 retail investors via proven as well as new platforms. We carried out the
following activities:
• Invest ASEAN Events
To showcase the diversity of ASEAN and profile the region as an asset class,
we teamed up with our regional counterparts Singapore Exchange (SGX) and
Stock Exchange of Thailand (SET) to roll out joint Invest ASEAN events in
Thailand, Singapore and Kuala Lumpur.
• Invest Malaysia Programme
The annual Invest Malaysia programme continues to be our primary platform
for engaging institutional investors and for showcasing the inherent strengths
of our capital market and its PLCs. Leveraging on events in Kuala Lumpur, Hong
Kong, New York, Boston and San Francisco, we drew increased participation
from investors and fund managers who were responsible for total assets
under management (AUM) amounting to USD46 trillion.
• Listing On-boarding Programme
The Listing On-boarding Programme was initiated to establish a central
business contact point between Bursa Malaysia and new IPOs. The objective
of the programme serves to create awareness on the platform and services
offered by Bursa Malaysia to assist new IPOs along their journey as a listed
company.
• Market / PLC Profiling
As part of our efforts to profile our marketplace and PLCs with investment
merit as well as provide retail investors the opportunity to meet with the
executives of these PLCs, we initiated “Spotlight on Malaysia” events in
Indonesia, Singapore, Thailand and Cambodia.
• Retail Engagement Activities
We continue to undertake activities that promote the Exchange as well as
our products and services among existing and potential retail investors while
providing them an opportunity to engage with us. 2013 saw us engaging with
14,996 individuals via retail engagement platforms such as Minggu Amanah
Saham Malaysia 2013 and Workshop@Bursa.
• Developmental Activities
To promote the capital market among Malaysian youth, we once again hosted
the annual AMCHAM Young Enterprise Programme as well as organised the
Young Malaysian Programme which involves student visits to Bursa Malaysia.
The former event involved 14 Klang Valley schools while the latter initiative saw
students from 200 local and international institutions visiting the Exchange in
2013.
Chief Executive Officer’s Message and Management Discussion and Analysis
From the Board of Directors and Senior Management
