Table 3.16 showed the number of the optimum companies to be the reference set of inefficiency
company. YLI and Maxis have 23 and 20 times to be the reference set respectively. Both
companies have very good financial performance in year 2003. Whereas for Genting, due to the
outbreak of the Severe Acute respiratory Syndrome (“SARS”) and Iraq war, the performance of
the company was adversely affected. Another reason is the size of Genting is big compare to
most of the companies in the list. Hence it was not used as reference company. We can conclude
that the best company from the list is YLI and followed by Maxis.