PETALING JAYA: Capital A says it will be issuing internal targets moving forward as it aims to provide shareholders and the investment community with a clearer understanding of the company’s financial outlook.
Announcing the initiative, Capital A CEO Tan Sri Tony Fernandes said it will issue internal targets alongside its quarterly financial results, outlining key assumptions and potential impact on previously stated targets.
“Additionally, we will provide insights into external market factors beyond our control that may influence our financial performance, ensuring that the market remains well-informed about our evolving business landscape,” he said in a statement.
Capital A’s first internal targets will be shared alongside its fourth quarter of 2024 financial disclosures, scheduled for release tomorrow.
It noted that the internal targets will be solely management aspirations and will not constitute financial estimates, forecasts or projections under Bursa Malaysia’s SC FFI Standards.
The group said its decision to issue internal targets reflects its commitment to transparency by clearly communicating anticipated financial performance and setting achievable targets that accurately reflect its market position and growth potential.
“The companies seek to build investor confidence through consistent and reliable financial disclosures, while ensuring that all stakeholders have the necessary information for a fair and reasonable valuation of the company.”
Additionally, Capital A said the sharing of internal targets will drive greater responsibility and accountability across all departments within the company, requiring business leaders to prepare accurate budgets, set realistic forecasts, and meet financial targets.
It also aimed to help financial analysts and investors to better assess the company’s business prospects, operating conditions, and anticipated profitability, offering improved visibility into its long-term strategy.
