Discover the top 10 biggest companies in Malaysia by revenue in 2023, including Tenaga Nasional, Sime Darby, and Petronas Chemicals Group. Find out more about their industries, stock symbols, and global presence.
1. Tenaga Nasional
Industry: utilities
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $15960 Millions
Stock symbol: TNABY
Tenaga Nasional is headquartered in Kuala Lumpur, Malaysia and was founded in 1949. It operates in Malaysia and has operations in several other countries. The company’s main activities include the generation, transmission, and distribution of electricity. Tenaga Nasional provides a wide range of products and services related to the power industry. It is also known for its various brands, which are associated with its different business segments.
2. Sime Darby
Industry: conglomerate
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $10110 Millions
Stock symbol: 4197.KL
Sime Darby is headquartered in Kuala Lumpur, Malaysia and was founded in 1910. It operates in multiple countries, with a presence in over 20 countries worldwide. The company is primarily engaged in the activities of trading, industrial, and motors. It offers a wide range of products and services including automotive, heavy equipment, healthcare, and property development. Sime Darby is also associated with various well-known brands such as BMW, Ford, and Caterpillar.
3. PChem (Petronas Chemicals Group)
Industry: chemicals
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $6260 Millions
Stock symbol: 5183.KL
Petronas Chemicals Group Home Page
PChem, also known as Petronas Chemicals Group, is headquartered in Kuala Lumpur, Malaysia. It was founded in 1985. The company operates in multiple countries, with a presence in over 20 countries worldwide. PChem’s main activities revolve around the production and distribution of chemicals and petrochemical products. They offer a wide range of products and services, including olefins, polymers, fertilizers, methanol, and other specialty chemicals. PChem is also associated with various well-known brands in the chemical industry.
4. YTL Corporation Berhad
Industry: conglomerate
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $5720 Millions
Stock symbol: 1773.T
YTL Corporation Berhad Home Page
YTL Corporation Berhad is headquartered in Kuala Lumpur, Malaysia and was founded in 1955. It operates in multiple countries, with a presence in over 10 countries worldwide. The company is primarily engaged in various activities such as infrastructure development, utilities, cement manufacturing, property development, and hotel operations. YTL Corporation offers a wide range of products and services including power generation, water and sewerage services, construction materials, real estate properties, and operates renowned brands such as YTL Hotels.
5. Maybank
Industry: banking
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $5650 Millions
Stock symbol: MLYBY
Maybank is headquartered in Kuala Lumpur, Malaysia and was founded in 1960. It operates in multiple countries, with a presence in 20 countries worldwide. The company’s main activities include commercial banking, investment banking, and Islamic banking. They offer a wide range of products and services such as loans, credit cards, wealth management, and insurance. Maybank is known for its strong brand presence and is one of the largest banks in Southeast Asia.
6. CIMB Group
Industry: financial services
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $4380 Millions
Stock symbol: 1023.KL
CIMB Group is headquartered in Kuala Lumpur, Malaysia, and was founded in 1924. It operates in multiple countries, including Malaysia, Indonesia, Thailand, Singapore, and Cambodia. The company’s main activities revolve around banking and financial services, offering a wide range of products and services such as consumer banking, corporate banking, investment banking, and asset management. CIMB Group is known for its strong presence in the ASEAN region and its brands include CIMB Bank, CIMB Niaga, CIMB Thai, and CIMB Singapore.
7. IHH Healthcare
Industry: healthcare
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $4040 Millions
Stock symbol: Q0F.SI
IHH Healthcare is headquartered in Kuala Lumpur, Malaysia and was founded in 1974. It operates in 10 countries, including Malaysia, Singapore, and Turkey. The company’s main activities revolve around providing healthcare services, managing hospitals, and operating medical clinics. They offer a wide range of medical specialties and services, including emergency care, surgery, and diagnostics. IHH Healthcare is known for its brands such as Parkway Pantai, Acibadem, and Fortis.
8. PMetal (Press Metal Aluminium)
Industry: metal and mining
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $3480 Millions
Stock symbol: 8869.KL
Press Metal Aluminium Home Page
PMetal (Press Metal Aluminium) is headquartered in Kuala Lumpur, Malaysia, and was founded in 1986. It operates in multiple countries, with a presence in over 10 countries worldwide. The company’s main activities revolve around the production and distribution of aluminium products. They offer a wide range of products and services, including aluminium smelting, extrusion, and recycling. PMetal is known for its high-quality aluminium products and is recognized for its brand excellence in the industry.
9. PBBank (Public Bank Bhd)
Industry: banking
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $2950 Millions
Stock symbol: 1295.KL
PBBank (Public Bank Bhd) Home Page
Public Bank Bhd, also known as PBBank, is headquartered in Kuala Lumpur, Malaysia. It was founded in 1966. The company operates in Malaysia and has expanded its operations to other countries, including Cambodia, Vietnam, Hong Kong, China, and Sri Lanka. Public Bank Bhd is primarily engaged in banking activities, offering a wide range of financial products and services such as personal and business banking, loans, credit cards, and wealth management. It is recognized for its strong brand presence and customer-centric approach in the banking industry.
10. MISC Berhad
Industry: shipping and logistics
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $2930 Millions
Stock symbol: 3816.KL
MISC Berhad is headquartered in Kuala Lumpur, Malaysia and was founded in 1968. It operates in multiple countries, with a presence in over 40 countries worldwide. The company is primarily engaged in the provision of shipping and maritime services, as well as the exploration and production of oil and gas. MISC Berhad offers a wide range of products and services, including vessel chartering, offshore floating solutions, and marine repair and maintenance. It is also associated with several well-known brands such as AET Tankers and Eaglestar Shipmanagement.
More: Exploring the Dynamics of Malaysia’s Economic System
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