Big companies in transformation push during Covid outperform peers: EY-Parthenon
Add BT as a preferred source
Yong Jun Yuan
DeeperDive is a beta AI feature. Refer to full articles for the facts.
LISTED companies in South-east Asia that took proactive steps to transform themselves during the Covid-19 pandemic outperformed reactive transformers, according to a study published by EY-Parthenon.
The study found that companies that proactively took transformative actions even while they were doing well saw a 13 percentage point outperformance in total shareholder returns, compared with companies that only reacted to external triggers.
The study covered the top 10 companies by market capitalisation across 7 sectors in South-east Asia. Singapore-listed companies made up 10 of the 70 companies.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
