Market capitalisation of LEAP companies increases 49% since listing


KUALA LUMPUR: Bursa Malaysia’s Leading Entrepreneur Accelerator Platform (LEAP) companies as at end-2018 have seen an average increase of 49 per cent in market capitalisation since their listing.


BURSA MALAYSIA BHD chief executive officer Datuk Muhamad Umar Swift said following the launch of the LEAP Market in July 2017, the market has seen greater expectations for qualified licensed corporate finance advisory firms (CFAs) to act as an approved adviser for companies that want to list on the platform.


"At the launch of LEAP, there were six CFAs that were qualified as approved advisers and I am pleased to note to date, there are now 13 CFAs qualified,” he said in his speech during the launch of the Association of Corporate Finance Advisers here today.


Muhamad also reiterated the local bourse’s commitment in expanding the pool of approved advisers to help improve market vibrancy.


"Similarly, we will also explore various ways to help facilitate easier access for small and medium enterprises (SMEs) to raise funds via the capital market,” he said.


Muhamad said for SMEs to realise their full potential, access to finance remains key towards their sustainable growth and productivity.


"These companies need to move away from traditional channels of securing funds and consider alternative sources of finance,” he added.


In 2018, a total of 158 SME development programmes were implemented with a total financial commitment of RM14.3 billion. - Bernama



Business News , Markets , ACFA , Bursa Malaysia , LEAP

   

Across The Star Online


Air Pollutant Index

Highest API Readings

    Select State and Location to view the latest API reading

    Source: Department of Environment, Malaysia