For savvy investors and budding entrepreneurs, understanding the heartbeat of a nation’s economy is key. Finding the right investment opportunities can be a difficult task. Also, one critical aspect of decision-making is understanding which companies are making waves. We will discuss the top companies in Malaysia and their current performance and future forecasts. This article is your ticket to financial insight and smart investment choices.
According to the report, the eCommerce market in Malaysia is booming, especially in Asia. In 2021, it grew by a whopping 68% compared to the previous year, reaching an impressive $9.2 billion in sales. Experts estimate that by 2025, the Malaysian internet economy could skyrocket to $35 billion based on gross merchandise value (GMV). These numbers highlight the vast opportunities available in the Malaysian market, making it an exciting prospect for businesses and investors alike.
Our experts have carefully analysed and evaluated the data, so you can rely on this valuable resource to make informed investment decisions. Additionally, explore the best trading platforms in Malaysia, ensuring you have the right tools at your disposal. Learn the basics of analysing a company’s financial health, a skill every investor should have. Don’t miss out—your prosperous future awaits. Let’s get started.
Table of Contents
Top Listed Companies in Malaysia (2025 Edition)
Summary Table: Malaysia’s Top Listed Companies
Name | Sector | Stock Symbol | Market Cap (MYR) | Revenue (MYR) | Net Profit (MYR) |
Maybank | Banking | MLYBY | 110.2 billion | 51 billion | 8.4 billion |
Tenaga Nasional | Utilities | TNABY | 57.6 billion | 26 billion | 1.87 billion |
MOG Holdings Ltd | Healthcare | 1942 | 3.6 billion HKD | 158 million | 14 million |
YTL Corp Berhad | Utilities | 1773 | 16.1 billion | 29.5 billion | 2.05 billion |
Nestle (M) Berhad | Food & Beverages | MAXIS | 28.9 billion | 6.7 billion | 181 million |
Sime Darby Plantation | Plantation | SIMEPLT | 29 billion | 4.3 billion | 2.49 billion |
IOI Corporation | Plantation | IOICORP | 24.5 billion | 11 billion | 1.1 billion |
RHB Bank | Banking | RHBBANK | 24.5 billion | 8.7 billion | 2.7 billion |
KLK Berhad | Plantation | KLK | 23.3 billion | 5.1 billion | 369 million |
Axiata Group | Telecommunication | AXIATA | 21.9 billion | 6 billion | 13.5 billion |
1. Maybank
Sector: Banking
Stock Symbol: MLYBY
Market Cap: 110.2 billion MYR
Revenue: 51 billion MYR
Net Profit: 8.4 billion MYR
Maybank remains Malaysia’s largest bank, offering a wide range of financial services across Southeast Asia. Its consistent growth and high return on equity make it a reliable choice for investors seeking stability.
- Key Highlights:
- Recognized as Malaysia’s top bank brand.
- Expected annual earnings growth of 5.2%.
2. Tenaga Nasional Berhad
Sector: Utilities
Stock Symbol: TNABY
Market Cap: 57.6 billion MYR
Revenue: 26 billion MYR
Net Profit: 1.87 billion MYR
Tenaga Nasional is Malaysia’s primary electricity provider, serving over 10 million customers. Its focus on transitioning to renewable energy sources positions it well for sustainable growth.
- Key Highlights:
- Annual earnings growth forecasted at 15.8%.
- Leader in Southeast Asia’s power sector.
3. MOG Holdings Ltd
Sector: Healthcare
Stock Symbol: 1942
Market Cap: 3.6 billion HKD
Revenue: 158 million MYR
Net Profit: 14 million MYR
MOG Holdings is a rising star in optical solutions and fintech, with significant revenue growth in the past year.
- Key Highlights:
- Revenue grew 337% year-over-year.
- Expanding digital healthcare solutions.
4. YTL Corp Berhad
Sector: Utilities
Stock Symbol: 1773
Market Cap: 16.1 billion MYR
Revenue: 29.5 billion MYR
Net Profit: 2.05 billion MYR
YTL Corp operates globally, with a strong presence in infrastructure and utilities. It continues to diversify its operations into high-growth markets.
- Key Highlights:
- Profit before tax increased by 47% in 2023.
- Over 70% of revenue is generated outside Malaysia.
5. Nestle (M) Berhad
Sector: Food & Beverages
Stock Symbol: MAXIS
Market Cap: 28.9 billion MYR
Revenue: 6.7 billion MYR
Net Profit: 181 million MYR
Nestle maintains its dominance in Malaysia’s food and beverage sector, driven by its commitment to quality and strong marketing strategies.
- Key Highlights:
- Earnings growth forecasted at 10.2% annually.
- High return on equity of 35.1%.
6. Sime Darby Plantation Berhad
Sector: Plantation
Stock Symbol: SIMEPLT
Market Cap: 29 billion MYR
Revenue: 4.3 billion MYR
Net Profit: 2.49 billion MYR
Sime Darby Plantation is a leading global plantation business, benefiting from rising crude palm oil prices.
- Key Highlights:
- Downstream profits increased by 61% in 2023.
- Annual earnings growth forecasted at 8%.
7. IOI Corporation Berhad
Sector: Plantation
Stock Symbol: IOICORP
Market Cap: 24.5 billion MYR
Revenue: 11 billion MYR
Net Profit: 1.1 billion MYR
IOI Corporation is a major player in palm oil and property development, with a diverse portfolio across industries.
- Key Highlights:
- Expected annual earnings growth of 6.6%.
- Return on equity forecasted at 11.1%.
8. RHB Bank Berhad
Sector: Banking
Stock Symbol: RHBBANK
Market Cap: 24.5 billion MYR
Revenue: 8.7 billion MYR
Net Profit: 2.7 billion MYR
RHB Bank continues to grow steadily, offering a mix of conventional and Islamic banking services.
- Key Highlights:
- Consistent earnings growth of 4.6% annually.
- Return on equity forecasted at 9.7%.
9. KLK Berhad
Sector: Plantation
Stock Symbol: KLK
Market Cap: 23.3 billion MYR
Revenue: 5.1 billion MYR
Net Profit: 369 million MYR
KLK specializes in plantations and oleochemical manufacturing, maintaining a strong presence in Southeast Asia.
- Key Highlights:
- Annual earnings growth forecasted at 6.9%.
- Extensive plantation areas across Malaysia and Indonesia.
10. Axiata Group Berhad
Sector: Telecommunication
Stock Symbol: AXIATA
Market Cap: 21.9 billion MYR
Revenue: 6 billion MYR
Net Profit: 13.5 billion MYR
Axiata is a leading telecommunications company, operating across Asia with a focus on digital solutions and connectivity.
- Key Highlights:
- Earnings growth forecasted at 112.2%.
- Strong focus on expanding its digital ecosystem.
How We Rank the Companies
Market Capitalization and Its Importance
Market capitalisation is a simple way to measure a company’s value in the eyes of the stock market. It helps you understand how big a company is without diving into complex financial details like sales or assets. This figure represents what the market believes the company is worth based on its publicly traded shares. It is a useful tool that investors use to determine the size and worth of a company.
Revenue and Profitability Metrics
Revenue shows how much money a company makes from selling its products or services. It reflects the company’s performance and sales volume. Profitability indicates the company’s financial success and actual earnings after expenses. It gives a clear picture of how well the company is doing financially.
Employee Count and Global Footprint
Employees play an important role in any organisation. They are responsible for carrying out the company’s mission and have a direct impact on customers. This is one of the main reasons why employees are essential for a company’s success and ranking.
Additionally, having a global presence has advantages. It allows the company to communicate effectively with customers in their language and comprehend the local ways of making decisions. This global presence helps in building strong relationships with customers and understanding diverse cultures.
Predictions for the Future
Potential Upcoming Market Leaders
Sibu Central Market is Malaysia’s largest indoor market, situated on Channel Road. It combines wet and dry markets, offering a wide variety of goods like crafts, rare jungle items, exotic fruits, local and imported vegetables, and more. In the 2023 Budget, there were proposals aimed at attracting investments in technology and high-impact sectors such as electrical and electronics (E&E) and aerospace.
The Impact of Global Economic Changes on Malaysian Companies
Globalisation has had both good and bad impacts on Malaysia’s economy. It has affected companies in a way that affects how income is shared, employment rates, and the demand for skilled workers. Economic growth in Malaysia relies heavily on exports and growing service sectors like tourism and hospitality. By attracting more foreign tourists, Malaysia’s economy has seen a notable increase in its yearly GDP growth.
Emerging Sectors in the Malaysian Market
The most significant economic sectors in Malaysia are manufacturing, especially electronics, followed by agriculture, retailing, and hospitality services. The World Bank predicts that Malaysia’s economy will grow by 3.9% in 2023, despite low demand from other countries. However, it’s expected to increase to 4.3% in 2024 due to a global recovery, even though China might slow down. Also, Malaysia is considered an upper-middle-income country.
Read also: 10 Best Blue Chip Dividend Stocks in Malaysia
Final Thoughts
In 2023, Malaysia’s top companies show how Malaysia can handle tough economic times, making it a big opportunity in the ASEAN Economic Community. Malaysia is appealing to global investors because it has diverse investments in technology, finance, and manufacturing. We learn important lessons from Malaysian businesses: being adaptable, creative, and forming smart partnerships. These lessons are valuable everywhere, reminding us to be flexible and plan in the ever-changing business world. It’s also crucial to spread investments across different areas, encouraging investors to consider stable international markets like the US stock market. The US market has many sectors, lots of trading, and good long-term growth, as proven by companies like Apple and Amazon. Learning from Malaysia, investors should diversify, adapt, and look for opportunities worldwide.
Frequently Asked Questions
Disclaimer: This article on the Top 25 Largest and Most Valuable Companies in Malaysia (2025) is meant for informational purposes. Readers are advised to verify details independently and consult financial experts for personalised investment advice.