UEM EDGENTA NAMED ONE OF FORBES ASIA’S “BEST UNDER A BILLION” 2015

November 5, 2015 Press Release No Comments

KUALA LUMPUR, November 4 – UEM Edgenta Berhad (“UEM Edgenta”) (formerly known as Faber Group Berhad) has earned a spot on Forbes Asia’s “Best Under A Billion” List for 2015.

UEM Edgenta was presented with the recognition at the Forbes Asia’s “Best Under A Billion” awards ceremony, held at Sunway Resort Hotel & Spa, Kuala Lumpur recently (2 November).

The “Best Under A Billion” list honours 200 leading public companies in the Asia-Pacific region with annual revenue of between US$5 million and US$1 billion, having positive net income and having been publicly traded for at least a year. From a universe of 17,000 companies, the candidates are screened on sales growth and earnings growth in the past 12 months and over three years, and for the strongest five-year return on equity.

UEM Edgenta, which has secured several major local and overseas contracts worth more than RM4.72 billion in 2014 and 2015 and whose revenue grew by 7.8 percent CAGR (Compound Annual Growth Rate) from 2010 to 2014, its market capitalisation increased by more than three times in under three and half years and with total shareholders return for the past 2 years significantly outperformed FBMKLCI by approximately 132 percent, is one of 11 Malaysian companies who made the Forbes Asia’s “Best Under A Billion” list this year.

“We are proud to be recognised by Forbes Asia as one of the “Best Under A Billion” companies in Asia as it acknowledges the successful transformation of UEM Edgenta in bringing asset solutions to the forefront for the company and industry.

“It is also an affirmation of our revenue growth, high performance standards of our services as well as our role as one of the leading total asset solutions provider in the region,” said Azmir Merican, UEM Edgenta’s Managing Director / Chief Executive Officer, who was present to receive the award from Christopher Forbes, Vice Chairman of Forbes Media LLC.

“UEM Edgenta’s vision of ‘optimising assets to improve lives’ sets the philosophy of how we approach our work and our catchphrase, ‘empowered by science, inspired by humans’ demonstrate our commitment to leverage on technology to give us the edge.

As such, this award not only recognises our financial and operational accomplishments to date but it is also an encouragement to further provide our clients with superior products and services, and succeed in the industry we are in,” he added.

This is the second time in a month that UEM Edgenta has been recognised. The Company was recently awarded the prestigious 2015 Frost & Sullivan Asia Pacific Integrated Facilities Management Competitive Strategy Innovation and Leadership Award in Singapore.