High-growth local companies explore next-level growth potential after experiencing nuances of local capital market during Capital Markets Malaysia’s 2024 executive leadership program.

Capital Markets Malaysia (CMM), an affiliate of the Securities Commission Malaysia (SC), concluded the first cohort of its 2024 Elevate Programme.

The Programme is targeted at executive leadership of high-performing, small and medium enterprises (“SMEs”) and mid-tier companies (“MTCs”) who are looking to accelerate growth, offering them knowledge and competency development to effectively navigate and leverage fund raising options via the capital market.

The 10-day Elevate Programme with the SC and Bursa Malaysia as strategic partners was designed by CMM to help SMEs and MTCs reinforce the competencies and skills required to meet the specific nuances of capital market fundraising be it through an IPO listing or private equity investment.

Specifically, the Programme’s intent is to enable executive leaders to articulate their vision for growth, by building investor confidence in their capacity for scaling up.

The graduating companies represent a diverse number of industries, including manufacturing, healthcare, retail, technology and services among others, all of which aim to amplify their growth trajectory and market reach.

Navina Balasingam, General Manager of CMM said, “SMEs and MTCs are vital to our economy, and it is a priority for us to facilitate accessible pathways to raise funds critical for these companies to achieve scale. CMM’s Elevate Programme is designed for this specific purpose. Through this platform, we hope to support companies that are ready for the next level of growth. Done right, this initiative will be pivotal in creating a vibrant and dynamic pipeline of companies enroute to listing or private equity investment whilst positioning Malaysia’s capital market as an attractive destination for both fundraising and investing.”

This effort supports the nation’s ambitions, as underscored by the SC’s recently unveiled ‘Catalysing MSME and MTC Access to the Capital Market: 5-Year Roadmap (2024–2028)’. Which sets out a goal of increasing MSME and MTC capital market fundraising by more than five-fold, from RM6.3 billion in 2023 to RM40 billion by 2028.

Notable graduates from past Elevate cohorts include, among others, SNS Network Technologies which saw accelerated growth since attending the Elevate Programme, listing on the ACE Market in September 2022 and completing its transfer to the Main Market in June this year, and YX Precious Metals Bhd which listed on the ACE Market in 2022 and has begun the process of transferring to the Main Market.

A ‘Demo Day’ Investor Showcase and Graduation

The latest cohort of the Elevate programme concluded today with the ‘Demo Day’ where participants pitched their equity stories to potential investors and investment bankers, putting to practice the learnings from the four-month programme. Aside from engaging with investors, the companies obtained market-relevant, actionable feedback enabling them to further refine their plans and strategies to better position their businesses as attractive investments.

The graduating companies represent a diverse number of industries, including manufacturing, healthcare, retail, technology and services among others, all of which aim to amplify their growth trajectory and market reach.

The participating companies include Fipper Marketing Sdn Bhd, Gourmet Ingredients Sdn Bhd, Great Pyramid Sdn Bhd, i-Chem Solutions Sdn Bhd, Kasut U Sdn Bhd, Imetal (M) Sdn Bhd and Tera Va Sdn Bhd, to name a few.

The next Elevate Programme cohort, scheduled to commence in September 2024 convenes a similarly diverse group of leaders of high performing SMEs and MTCs.

About Capital Markets Malaysia:

The Securities Commission Malaysia (“SC”) set up Capital Markets Malaysia (“CMM”) in 2014 to spearhead the local and international positioning as well as profiling of the Malaysian capital market.

Funded by the Capital Markets Development Fund, CMM showcases the competitiveness and attractiveness of the various segments of the Malaysian capital market – to promote international participation and enhance opportunities for domestic capital market intermediaries. For more information, visit the CMM website at www.capitalmarketsmalay

(This article was adapted from a press release)