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The scheme was first announced at the launch of the CMDF on 8 November 2004. The CMDF has given a grant of RM7.5million towards the scheme which is aimed at promoting research coverage on listed companies, particularly the medium to small capitalised stocks. The scheme is one of Bursa's key initiatives in enhancing market liquidity and velocity.
Speaking at the launch of the scheme, Yusli Mohamed Yusoff, Chief Executive Officer of Bursa Malaysia said that constant profiling of public listed companies is important in competing for global business and capital. He said that the CMDF-Bursa Research Scheme facilitates effective profiling of public listed companies, besides other investor relations programmes.
"The scheme profiles your company through independent research information. Not by one, but two research houses, on a consistent basis for two years. Companies will benefit from increased media coverage and publicity through the dissemination of consistent research reports. With profiling and consistent publicity, trading should increase, enhancing market liquidity.
Yusli sought the concerted effort of other market participants - analysts, fund managers, remisiers, investors and the media to promote information contained within the reports on a timely and consistent basis, in enhancing the competitiveness and efficiency of the Malaysian capital market.
"In the ASEAN and Asia Pacific region alone, you have to profile your company against 8,000 over companies. You have to be seen, you have to make yourself heard not just to the local investors, but to the international investing community," he said.
Bursa Malaysia had also organised a CEO Forum on 'Positioning a Public Listed Company Through Effective Investor Relations' in conjunction with the launch of the CMDF-Bursa Research Scheme.
The forum which included topics like the importance of investor relations and effective investor relations programmes also presented participants with the expectations from the various market participants - the exchange, the fund manager and the research analyst on investor relations.
"Besides attracting new investors, a more important role perhaps is in maintaining present investors through delivering on shareholders value and providing investors relevant and sufficient information to influence their decision to remain with the company."
"At Bursa, we are aggressively marketing the exchange and the diversity of investment options available. In doing so, we are profiling the country as a secure and safe investment destination.
"We may have the largest number of listed companies in the ASEAN region, but what we need to show the international investment community is that our companies are good companies, with strong financial performance, good corporate governance and sound growth potential," Yusli said.
For more information on the CMDF-Bursa Research Scheme, please visit the website www.bursamalaysia.com or call 03 – 2034 7087.
