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MSWG Weekly Newsletter 17 May 2019 (English)

17.05.2019

ANALYST’S MESSAGE

What’s happening at MAA Group Berhad?

As I looked at the list of AGMs/EGMs during the super peak season in May and June each year, this year was no different; we are faced with PLCs having called their AGMs and/or EGMs, some even much earlier in the months of March and April.

For PLCs which had their AGMs far ahead of the 6-month timeline from their financial year end, the step is in line with good governance on timely disclosure which allows shareholders to have a meaningful engagement with the Board and senior management of the PLCs at the annual meetings.

For end of May alone from 28 May 2019 – 31 May 2019, MSWG has a total of 27 meetings to attend, a mixture of PLCs across the industry. For the readers’ benefit, MSWG covers around 304 PLCs. A full list of the companies is available at our website, www.mswg.org.my

As I reviewed the monitoring list, one company strikes my keen interest, the MAA Group Berhad (MAAG), which has called its AGM/EGM on 29 May 2019.