FROM THE BOARD OF DIRECTORS AND SENIOR MANAGEMENT
CEO’S MESSAGE AND MANAGEMENT DISCUSSION AND ANALYSIS
SECURITIES MARKET
BURSA MALAYSIA MAINTAINS POSITION AS LARGEST ASEAN FUNDRAISING MARKET
Despite fewer IPOs in 2014 compared to 2013, we retained our position as
the largest fundraising destination in ASEAN for the third consecutive year,
having raised RM24.3 billion through IPOs and the secondary market. The total
represents an 8% increase from the RM22.5 billion raised in 2013. It is also a
sign that companies are growing more bullish in our ability as an exchange to
raise the capital they need.
In terms of listings, Bursa Malaysia saw a total of 14 new companies added to
our Securities Market, raising a total of RM5.9 billion, down 28% from the RM8.2
billion raised in 2013. The listing of IOI Properties Group Bhd was the first and
largest IPO exercise for 2014, raising RM1.9 billion.
We also saw the continuation of a trend to list Special Purpose Acquisition
Companies (SPAC) with Reach Energy Bhd raising RM750 million from its IPO
last August.
OUTREACH INITIATIVES
2014 was a busy year for our outreach team, which engaged with over 30,000
retail investors. We leveraged on established platforms while introducing new
ones as we sought to strengthen and build communities in line with our overall
strategic plan.
1. Invest Malaysia Programme
The annual Invest Malaysia (IM) programme, which is our flagship platform
for engaging fund managers and institutional investors, continued to set
new records in 2014. Investors and fund managers with total assets under
management (AUM) worth a record of almost USD55 trillion attended our IM
events held in Kuala Lumpur, Tokyo, New York, London and Hong Kong.
2. Capital Market and PLC Profiling
In addition to our engagement activities held under the IM banner, we had a
number of initiatives to promote our capital markets and PLCs in Malaysia,
Singapore, Thailand and Japan. The choice of engagement channels/
platforms used differed with each country. In The Spotlight events in 2014,
PLCs were profiled under two themes - 2013 IPO Review and Property
& REITs - to fund managers, investment advisers and remisiers in Kuala
Lumpur.
We promoted our market to retail investors in Singapore via weekly profile
of PLCs on the Sharesinv.com website and social media. Through the
Spotlight On Malaysia events, we worked with various partners in each
country for on-ground profiling of market and PLCs. To extend our outreach,
we also invited ASEAN media practitioners to Kuala Lumpur to showcase the
diversity of our marketplace and PLCs to share their stories.
In Thailand, Bursa Malaysia collaborated with Money Channel to raise Thai
retail investors’ awareness of investment opportunities in Malaysia via
two programmes, i.e. Good Morning Bursa Malaysia and Stocks Around
Us. Good Morning Bursa Malaysia features live phone-in interviews with
licensed research analysts, while Stocks Around Us showcases video
clips of selected PLCs recorded at the PLCs’ business premises/factory.
The programmes are aired on Money Channel’s network platforms, which
include satellite television channels and internet TV.
3. Engaging Youth
Our youth engagement activities focused on increasing financial literacy
amongst Gen Y and on better familiarising them with the operations,
products and services of the Exchange. In 2014, 10 Bursa Young Investors'
Clubs (BYICs) were established in public and private universities in four
states across the nation. We supported the BYICs by holding several investor
education activities including a leadership boot camp, investment seminars,
hosting talks by PLCs and organising field trips to Bursa Malaysia. Some
2,400 students from these universities participated in the clubs. In 2014,
the total number of students visiting Bursa Malaysia rose 52% to 5,066
students from 3,343 students in 2013.
4. Engaging Financial Intermediaries
We held numerous activities over the past year to recognise and support
financial intermediaries including brokers, dealers and remisiers.
Workshops and engagement sessions held in 2014 included Dealers
Representative Engagement Sessions, a CPE Accredited Product
workshop, an Exchange Traded Fund (ETF) Incentive Programme and the
Broker Awards Appreciation Dinner.
5. Online Trading Games and Competition
To further expand our outreach to young investors, we held a unique Fantasy
FTBL.TRADR competition in conjunction with World Cup 2014 to give them
a taste of trading. The Fantasy FTBL.TRADR competition made use of the
same stock portfolio management tools available on BursaMKTPLC, and
allowed users to analyse and trade football players much in the same way
that traders would analyse and trade stocks. We also held the inaugural
Great Bursa Bull Hunt online competition in 2014, which was designed to
raise investment awareness in retail investors nationwide.
6. Engaging Institutional Investors
We held the Enhancing Portfolio Returns Using ETF and Securities Borrowing
and Lending (SBL) Conference 2014 to help our institutional investors
better understand the way that ETF and SBL products can enhance their
investment returns.
With respect to ETF, the event was structured to entice domestic and
global players to consider Bursa Malaysia as an ETF listing destination.
As for the SBL space, the conference served as a platform to attract new
players, especially local institutions and investment banks, to participate
in our growing SBL/Regulated Short Selling (RSS) market. The conference
also served as a networking avenue to both local and foreign institutional
players.
Bursa Malaysia
•
Annual Report 2014
34