MegaChem CFO Francis Yau (left) receives the award for Best Investor Relations by an SGX Catalist company from Mita Natarajan, SGX Head of Corporate Services. Photo by Sim Kih
INVESTORS AND ANALYSTS have voted a relatively small cap stock as having the best investor relations practice among Catalist stocks.
IR Magazine Awards & Conference – Southeast Asia 2015 invited investors and analysts to vote for their favourite company in various categories that range from overall investor relations (large cap / mid cap / Catalist) to best investor relations via sector or country.
MegaChem’s market cap is only about S$50 million, relatively small compared to Catalist stocks such as TalkMed (~S$650 million) and Astaka (~S$420 million). Yet, it garnered the most votes among about 170 Catalist stocks.
“Investor interest in Catalist companies dwindles down easily. The challenge for small cap companies is to ensure that investor interest can be sustained over the long term. Retaining shareholder loyalty is about building a sound and sustainable business, which can in turn enhance long term shareholder value,” said MegaChem’s CFO, Francis Yau, at the awards ceremony last Friday (4 December).
"We also need to keep communication channels open in good times and bad," he added. However, he qualified that while it is important to be consistent in its investor relations activities, it is even more important to deliver the results. MegaChem has won investor relations, corporate transparency and annual report awards almost every year in the past decade.
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How MegaChem distinguishes itself
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Financial PR was the official public relations partner for the IR Magazine Awards & Conference – Southeast Asia 2015.