Another feather to the cap
CapitaLand voted Best Overall Managed Property Company in Asia
Issue: Feb 2010
Frequent dialogue with media and analysts is key to CapitaLand’s latest accolade as Best Overall Managed Property Company in Asia
Its leading role in promoting transparent communication to investors as well as effective cost control and strategic focus are some of the reasons why CapitaLand was voted the Best Overall Property Company in Asia in the Euromoney ‘Best Managed and Governed Companies - Asia poll 2010’.
The poll, organised by the prestigious international magazine, is based on replies received from a total of 221 of the leading equity analysts at the largest investment banks and research houses in the Asia Pacific region.
In the poll, analysts were asked to name companies that were the most impressive across a number of factors. These included management accessibility, accounting transparency and corporate governance procedures amongst others. Analysts praised CapitaLand for its leading role in promoting transparent communication to investors, citing its “overall visibility, frequent dialogue, meetings with analysts and media to provide an update on its achievements and ongoing developments”. They also noted that CapitaLand has shown an effective cost control and strategic focus along with detailed breakdown of business unit results in the face of a challenging operating environment with very clear company guidance.
“CapitaLand is honoured to be recognised with such a prestigious award. Good corporate governance is fundamental to building a prosperous and lasting company, particularly when market conditions are difficult and volatile. In the past 18 months, we have stepped up efforts to engage shareholders, investors, analysts and the media. We continue to maintain a high level of investor access to ensure that investors understand our business and our growth strategies despite the financially challenging times,” said Mr Liew Mun Leong, President and CEO of CapitaLand Group.
This is not the first Euromoney accolade that CapitaLand has won. In 2009, CapitaLand Group garnered 13 awards at the Euromoney Real Estate Awards, including Best Developer Globally (2nd), Best Retail Developer in Asia and Best Developer in Singapore.
Euromoney Magazine is the voice of the international capital markets and offered unparalleled coverage of the global bond, equity and foreign exchange markets for 40 years.
This is the 9th annual ranking of the Best Managed and Governed Companies in Asia that Euromoney has published and is seen as the benchmark survey of the opinions of equity analysts in the region. “We are delighted at the response to the Best Managed and Governed Companies in Asia Poll 2010. From the several thousand nominations that we received, it is clear that senior management at the leading companies in Asia are very highly regarded. This can only help them as they expand globally. Interestingly, the most respected companies seem to be ones that have had good continuity of management over many years,” said Clive Horwood, Editor of Euromoney Magazine.