Is it any surprise to anyone that the Malaysian company taking the number one spot on this list is Maybank (trade name: Malayan Banking Berhad)? Founded in 1960, Malaysian business tycoon Khoo Teck Puat with a few other partners decided to form a bank in Kuala Lumpur, which rapidly grew to more than 150 branches within a mere three years. The current CEO is Datuk Abdul Farid Bin Alias, who took over in August 2013.
With a market cap of RM85.10 billion, total assets of approximately RM495 billion and a current price per share of RM9.55, Maybank currently sits at the 332nd spot on Forbes’ “World’s Biggest Public Companies” list.
What happens when SaveMoney.my goes a little bit further and finds out one method of comparison to show just how big these companies have grown to? Let’s take a look!
Comparing the ten companies’ total market cap over Malaysia’s GDP
If we were to combine the market capitalisation of all the ten companies, we would have a total amount of RM579.19 billion. Comparing that amount with Malaysia’s GDP, which is at approximately RM1.002 trillion, we would be able to see that if these 10 companies were to put their market caps together, they would actually be dominating more than half of the GDP (about 57.8%). We can actually run a small country with those funds!