South East Asia Forum and Awards content briefing
Ahead of the IR Magazine Forum & Awards - South East Asia this December, we've hand picked a selection of articles, podcasts and videos that cover some of the topics we'll be discussing at the event, including ESG and reporting, global trends and Mifid II.
We hope you enjoy the content briefing! If you'd like to know more about our South East Asia forum, where these topics will be discussed in depth, please click here.
Indorama IR head expects Mifid II to take hold in Asia
What makes IR in Asia unique?
Two old guys talk about millennials: Ticker 101
The week in investor relations: US-China trade talks send shockwaves through markets
The on-off trade talks between the US and China have taken another turn and appear to be headed toward a trade war. Tariffs on $200 bn worth of Chinese goods were set to intensify on Friday after the latest round of talks on Thursday evening failed to produce an agreement to avert the higher levies, reported The New York Times.
The trade talk debacle led to ramifications on stock markets, reported Bloomberg, with the S&P set for its biggest weekly drop of 2019. And CNBC noted how investors have now pulled $20.5 bn from global equity funds as a result of a breakdown in the trade talks.
Looking at the contentious issue of US-China trade, The Economist noted how the heightened trade war scenario is a major geopolitical risk and will result in economic damage for both countries.
Earlier in the week, Chinese tech and telecom stocks slumped as two tweets from US President Donald Trump – saying trade talks were ‘too slow’ and threating to put tariffs on Chinese goods – transformed the outlook on the trade talks into a much bleaker place, and sent global markets into freefall, reported Bloomberg.
Executive pay has long been a mainstream issue and something of a political football, but attempts by the UK government to deal with excessive executive pay in UK boardrooms have tanked, according to new research from the London-based think tank the High Pay Centre, reported The Guardian.
Trend-setting venture capital company Sequoia Capital China will lay off as much as 20 percent of its investment staff as a slowdown in the country’s tech sector has reduced the appetite for risk, according to Reuters. The worrying trend is borne out by the numbers: Chinese venture capital and private equity managers raised a combined $1.5 bn for investment across all sectors in the first three months of 2019, a big drop from the $9.4 bn raised in the same period last year, according to data firm Preqin.
President Tayyip Erdogan of Turkey is ready to provide full support to international investors amid something close to a financial crisis in the country, reported Reuters. The report has Erdogan saying that while attacks on the economy through its currency continued, the government was, in fact, in control of the situation. The Turkish economy has slowed recently with a currency crisis that last year wiped 30 percent off the value of the lira against the dollar.
Wall Street activist Elliott Advisors has set its sights on UK company Whitbread, according to The Sunday Telegraph. Elliott is reportedly frustrated by the leisure company’s ownership of Premier Inn hotels, which the activist says is diminishing Whitbread’s share price.
German steel giant Thyssenkrupp expects its proposed merger with Tata Steel to be blocked by the European Commission over competition issues, reported the BBC. The merger would have created Europe’s second-biggest steelmaker.
The finance director of UK vehicle breakdown service the AA has quit after a backlash from shareholders, reported The Sunday Times. The newspaper said Martin Clarke resigned after shareholders were unhappy with the company’s decreasing share price, which dates back to its IPO in 2014.
Shares in UK high street bank Metro slumped yet again on Thursday, this time by 8 percent – another new record low – based on speculation that the bank will plug investors for even more than the £350 mn ($456 mn) it said in February it would raise in a planned rights issue, reported The Times.
Britain’s economy was given a little boost in the first three months of the year, with growth of 0.5 percent, partly thanks to a massive stockpiling by manufacturers fearing the impact of a no-deal Brexit, reported The Guardian.
Related session at the IR Magazine Forum & Awards - South East Asia
Investor-centric ESG reporting: New regulations, what attracts investors and what doesn’t
As more mainstream investors integrate ESG into decision making, it is crucial for IROs to understand what investors want to hear… and what they don’t!
Find out more about the event here.
ESG: The key to avoiding investor indifference
Institutional investors are turning their backs on companies that ignore environmental, social and governance issues ‘There is only one thing worse than being talked about,’ observed Oscar Wilde, ‘and that is not being talked about.’
For listed companies, the equivalent of this nightmare scenario is investor indifference. So-called orphan stocks languish unloved, excluded from capital and ignored by the market, left to die a slow death in an increasing spiral of anonymity.
The threat of investor indifference has become a reality in recent years, driven by the extraordinary rise of ESG investing. The tide of demand for ESG from investors is shifting to a tsunami, with tens of trillions of dollars in investment funds now earmarked solely for stocks that comply with ESG criteria. The trend has mushroomed over the past decade from modest beginnings to comprising around a third of all assets under management today – and shows no signs of slowing.
Ignore ESG, and a listed company risks being ignored by a third of global investable capital.
This mega-trend also reached the shores of the Arabian Gulf recently, when ADX, Abu Dhabi’s stock exchange, announced that it is introducing guidance for listed firms to help and encourage them to publish ESG data.
Designed to help ADX-listed companies comply with rapidly evolving ESG disclosure standards, the exchange mandates that companies submit an independent report on sustainability. ‘Companies must disclose critical environmental, sustainability and governance issues,’ its statement noted. The announcement was thin on detail, beyond saying the guidance will comprise 31 disclosure indicators, and that ADX will soon hold workshops to clarify these criteria.
Many other exchanges have taken similar steps. The World Federation of Exchanges published its ESG Guidance and Metrics in 2015. But the trend has not met with universal approval. A similar declaration by HKEX, Hong Kong’s exchange, earlier this year was greeted with resistance by the business community.
In May, HKEX proposed an obligation for listed companies to publish statements about ESG-related risks. But the Chamber of Hong Kong Listed Companies said it wants the exchange to leave disclosure to companies’ discretion, citing ‘onerous and cumbersome’ disclosure requirements. This protest is likely to fall on deaf ears when replayed to investors, which will not be sympathetic to complaints of burdensome compliance levels. Resistance to the ESG trend is bound to fail, because ESG disclosure is not a pointless tick-box exercise. It is a crucial must-have for institutional investors.
Like HKEX, the ADX has seen the writing on the wall: it understands the importance of ESG, but also understands that it is not the job of the exchange to report. That is the sole responsibility of companies.
This week, new proof arrived that investors are dead serious about ESG: MP Pension, a $20 bn Danish fund, announced it was blacklisting 10 of the world’s largest oil companies, and removing them from its portfolio. The fund concluded that these firms – including ExxonMobil, Royal Dutch Shell and Total – are carrying too much climate risk and are not being active enough in their preparation for a non-oil future.
The fund said it wanted to take responsibility for the green transition while securing long-term investment returns. Anders Schelde, CIO of MP Pension, said: ‘We do not believe this sector can deliver a return on a par with the rest of the market in the coming years.’
More action like this is inevitable: ESG compliance and data disclosure are key risk-mitigation factors for investors. As climate change, social impact and governance standards climb social and political agendas around the world, these risks are becoming ever more material.
John Bates of PineBridge Investments, an Asia-based asset manager with $97 bn under management, spoke for the industry in a recent media interview when he said: ‘Five years ago, ESG was essentially a footnote during our meetings with clients. Now, it typically forms a major segment of our meeting agendas.’
MSCI, the world’s largest provider of indices valued at more than $20 bn, sees the future as becoming increasingly ESG-focused. ESG investing is now the fastest-growing part of MSCI’s operations, and Henry Fernandez, its chairman, is on the record as saying: ‘MSCI is obsessed with becoming the world’s biggest supplier of ESG tools... there might be a point where MSCI gets defined by ESG’.
As if to prove the point, BNP Paribas announced this week that it has transformed its entire active funds range to be 100 percent sustainable: one of Europe’s largest financial institutions is now an ESG-only investor.
The momentum seems unstoppable, and the growing importance of ESG to investment decisions is uniform across developed and emerging markets: demand for corporate responsibility and disclosure is a global requirement for investors in emerging markets and developed markets in equal measure.
Companies are facing a pincer movement from both the platforms they are listed on and the investors they want to attract, and non-compliance is looking increasingly like a non-starter. But ESG compliance is not simple. In spite of the proliferation of consultants, experts and service providers, there is no single authority, no benchmark, no industry standard. Google the phrase ESG and you are offered more than 40 mn websites.
Whether UAE companies choose to do more about ESG disclosure because of the latest move from ADX, or they do so because their investors demand it, the outcome will be the same. ESG’s position as a central element of any company’s investment case is the new normal.
ADX is to be congratulated for trying to get its companies to understand and embrace this fact. With or without its help, however, companies face a future where they will have to embed ESG in their narratives, or face the capitalism equivalent of Oscar Wilde’s nightmare vision: investor indifference.
Or, as the Danish pension fund has shown this week, investors may not stop at indifference – they may move to blacklisting. Oliver Schutzmann is CEO of Iridium Advisors
Find out more about the forum & awards here.
Asset managers must adopt new strategies to gain growth, says report
Boston Consulting Group says managers should shore up defenses and adopt more aggressive strategies
Asset managers must focus on new strategies to put their growth on a more consistent footing following a difficult year, especially in an industry dominated by a small number of players, according to a new report from US-based Boston Consulting Group (BCG).
The report notes that the asset management industry, after several years of stellar performance, struggled with a more challenging environment in 2018, caused by bouts of financial market volatility, tightening monetary policy and slowing global growth. Assets under management, net inflows and revenues all came under considerable stress last year.
In a study of global managers representing $39 tn in assets under management – roughly half the industry – BCG finds that assets under management fell by 4 percent in 2018, in stark contrast to the 12 percent rise seen in 2017. New inflows, meanwhile, were up 0.9 percent – a decent return in the circumstances, but considerably weaker than the record 3.1 percent seen in 2017. The historical average stands at about 1.5 percent.
The shifting patterns of assets under management were reflected in revenues, with aggregate revenues rising by 3 percent, measurably less than the 9 percent gain seen in 2017. At the same time, costs continued to rise as the industry struggled to adjust to the macroeconomic environment and firms invested in areas such as data and analytics.
Regulatory measures, particularly Mifid II, were also major drivers of increasing costs. The average cost-to-income ratio in this study was 66 percent in 2018, marginally up from 65 percent in 2017.
‘In a worst-case scenario, by 2023 profits will have decreased by nearly one third,’ warns Renaud Fages, a BCG partner based in New York, co-author of the report and global leader of the firm’s asset management segment, in a statement. ‘The outlook is not entirely gloomy, however. Challenging periods present opportunities for change and, in a largely winner-takes-all world, the chance to get ahead of the competition.’
The battle between active and passive strategies continued to play out in 2018, with passive grabbing most of the inflows in the US, while active held its own in Europe and Asia-Pacific. Ten of the 15 most popular strategies in the US were passive, with global, emerging market and specialty themes continuing to prosper, making up one third of the top 15. Europe, where just five of the top 15 strategies were passive, continued to lag the US.
‘Passive is increasingly popular with both retail and institutional investors, and a price war is proceeding apace,’ says Dean Frankle, a BCG principal based in London, co-author of the report and the firm’s asset management topic leader in the UK. ‘Some active managers have responded by restructuring fee schedules, shutting underperforming funds and launching new products.’
In the US, $620 bn of inflows were offset by $491 bn of outflows. The trend in recent years has been for winning firms to capture the lion’s share of inflows, and that continued in 2018, albeit at a slightly slower rate – and mainly in the US.
The top 10 US players captured 81 percent of mutual fund flows of firms with positive flows, compared with 85 percent in 2017. In Europe, the top 10 accounted for 29 percent of inflows in 2018, down from 35 percent.
According to BCG, there are two key strategic approaches for asset managers working to prepare for the future: shoring up defenses and adopting more aggressive strategies. Defensive moves include focusing intently on costs, reviewing the portfolio and optimizing pricing. Aggressive strategies may comprise refocusing on client retention, leveraging data and analytics and seeking M&A opportunities.
‘As leaders contemplate a tougher future, they should concentrate on costs with a simultaneous focus on ensuring clients are highly motivated to remain on board,’ notes Qin Xu, a BCG partner based in Hong Kong, co-author of the report and the firm’s asset management topic leader in Asia.
‘But asset managers may also consider more aggressive approaches, such as leveraging advanced analytics or moving into new locations. A downturn brings inevitable risk but, viewed constructively, it may present an inviting window of opportunity.’
Spotlight on Asia: What every IRO should be thinking about heading into 2019
This article was produced by ELITE Connect and originally published on the ELITE Connect platform
In the final installment of our series on future gazing into 2019, we turn our attention to Asia and hear the thoughts and plans of Hannah Yulo, chief investment officer at DoubleDragon Properties Corp, and Heather Xie, IR manager at China Modern Dairy Holdings.
What’s been your main IR focus in 2018?
Hannah Yulo: We’ve allocated our IR time to a more targeted audience of investors in 2018, specifically those focused on high-growth stories like ours. We’ve spent a meaningful amount of time on site visits and one-to-one update calls with individual fund managers that are committed to investing for the medium to long-term.
Heather Xie: We’ve had two main focuses this year: we’ve been working on developing and improving communications with our existing investors and analysts to make the process run more smoothly, and we’ve been identifying new potential investors and establishing connections to share more about our business.
What are the main topics on your mind when you’re thinking about this year?
HX: We’ll be building even further on our investor communications and continuing to enhance our presence in the marketplace with more efficient interaction. We’re also planning to try out new forms of communication, including reverse roadshows.
HY: The rising interest rate environment is a big consideration but we’re fortunate that we have fully secured our funding requirements ahead of our 2020 plan, with long-term funding secured at fixed interest rates for the duration of our seven to 10-year tenures. The company’s yield on cost for future projects will be substantially superior to those of property companies that are only securing their funding today, as benchmarks have moved up considerably.
How do you think the IR landscape in Asia will change and develop in 2019?
HY: I believe there will be a major reallocation of portfolio investments in Asia, particularly continuous foreign outflows from markets like China, due to the effects of the trade war, rising US Treasury yields and other issues. This will lead to more inflows in emerging markets like Bangladesh and Myanmar, which are expanding by more than 7 percent per year. India, Vietnam and the Philippines are also strong contenders to benefit from these flows as their markets are considerably more mature.
HX: I think general appreciation of IR roles continues to grow in Asia. As such, corporates will increasingly pay more attention to the IR role and the IR function as a whole, and we can expect to see better investor communications as a result.
What do you feel the main issues for IROs in general will be this year?
HX: In Asia, we’ve seen some volatility and this can be challenging to deal with. IROs need to focus on the positives, maintaining efficient communications and delivering confident messages to investors when markets go low and do not reflect the intrinsic value of the company.
HY: I believe the main issues for IROs will be identifying and responding to country-specific risks as new fund flows will focus attention on economic policies and political outlook. I foresee a great deal of attention shifting to country-specific risks involving Vietnam and the Philippines because the two countries are quite similar in many aspects, especially with regards to their growing workforces.
Can you share some of your 2019 plans with us?
HY: As a newly listed property company that aims to complete a diversified portfolio of 1.2 mn square meters of leasable space by 2020, our business is developing fast. As our properties start to turn over and commence their operations, we will be able to have more meaningful discussions with our investors and we will inevitably start to attract a whole new slew of investors as we grow further. This year will be an exciting and opportune time to engage with them.HX: We’ve already planned some of our regular activity, such as more vivid forms of results announcements, but we’re also planning more engagement with potential mainland China investors. We’re currently working on our plans for the best ways to do this.
The European regulation will have an impact on IR in the region, says Richard Jones A leading Thailand-based investor relations professional expects Mifid II to have an impact across Asia – and in doing so shift the role of the IRO.
‘Companies [in the region] have taken note of what is happening with Mifid II. I do see it coming to Asia and Thailand. What the West does [will follow] here. The sensibility of Mifid II is: you want something, you pay for it, and there are no freebies. It makes common sense,’ Richard Jones, head of IR at packing company Indorama in Thailand, tells IR Magazine.
Jones notes the changes this will force on the IR role. ‘The IRO will have to be more of a communicator than ever before,’ he says. ‘For those in Asian countries where English is a second language, if you want to attract investors you are going to have to be understandable on a global level. So I think IROs in the region will be hired from international businesses a lot more frequently in the future.’
This in turn would affect the culture and education of IROs in Asia. ‘It will be more difficult to start at the bottom level [of IR] if your English is not 80 percent,’ Jones warns. ‘You will have to have people who can communicate very clearly in English - not just speaking, but in writing. I don’t think it is an issue for those currently doing the job, but for the small companies trying to get somebody to this standard, it may be a problem in the future.’
Asked to forecast when Mifid II will become the norm within Asia, Jones says: ‘I don’t think it will happen in the next couple of years…There is a new president of the Stock Exchange of Thailand [Pakorn Peetathawatchai] starting in June and new brooms generally have new ideas.
‘So it wouldn’t surprise me if this became a point of debate from this date. One of the good things about the stock exchange is they do bring IR professionals into the conversation to discuss changes in rules and regulations. And I could see the stock exchange playing a major role in organizing large [investor] conferences as opposed to the brokers having to do it all.’
IR budgets in Asia are well behind those in North America and Europe. But such numbers only tell one part of a more complex story
The amount of resources a firm allocates to IR demonstrates how important the IR function is to that company; using that yardstick, Asia appears to be lacking in IR commitment. In its latest analysis, IR Magazine’s 2018 IR Resources report reveals the average Asian IR budget was $203,000 in 2018 – compared with $527,000 in North America and $466,000 in Europe. And, at just $57,000, the IR budgets of Asian small-cap companies are the lowest of any region covered by the research.
On the face of it, this looks like a massive disparity. It would seem to suggest that Asian companies place less emphasis on IR and, consequently, corporate access, than European or North American firms. Further investigation, however, reveals that things aren’t quite so straightforward.
For example, Asian senior management teams typically spend more time on IR – 56 days a year – than their counterparts in other regions: 47 in North America and 37 in Europe. And Asian CFOs spend six more days on IR than the global average.
The starkest picture of all is that while IR budgets for Asian small caps are the lowest of any region, an impressive 51 percent of Asian small-cap senior management members attend investor meetings. Many small caps have IROs who wear more than one hat, but it seems senior managers in Asia are all taking their turn to wear the IR hat when needed.
More for less?
If the nature of Asian IR cannot satisfactorily be characterized by budget alone, then what is really going on? Given the substantial involvement of senior management teams in the IR process at Asian firms, one has to ask whether this means companies are doing more for less in Asia. This would be a reasonable conclusion from the numbers alone and, on one level, it is true: the IR Magazine Global IR Salary & Careers Report 2018 reveals that North America has the highest IR salaries and Asia the lowest.
Ajaya Intaraprasong, assistant vice president of investor relations at Bangkok Dusit Medical Services, gives IR Magazine an interesting insight, indicating that a more-for-less approach may indeed be the case. ‘The [company IR] budget is spent on necessities, for things like roadshows, analyst ratings or special [investor] events,’ she explains. ‘We use the facilities of sell-side analysts to arrange group conference calls to communicate with buy-side investors. We also outsource the website.’
The issue of smaller budgets does seem to concentrate minds and get everyone involved in senior management in one big corporate access push. Pulkit Bhandari, an IRO at India-based RPG Enterprises and also the firm’s head of group corporate finance, says: ‘What I’ve seen is that budgets are more driven toward events and are lower in Asia compared with the western world – and that in turn dictates who can attend investor meetings.’
Adding insight into his own company’s approach, Bhandari says: ‘We create a very tentative budget for the year, which is needs-based. Those IR spends are centered around getting resources for investor presentations, for example, that we’ll be hosting domestically and internationally.’
Client targeting
Unraveling this further, another interesting distinction is that Asian IR professionals prioritize the engagement of their existing shareholders over the global trend of targeting prospective investors, according to IR Magazine’s IR Objectives & Challenges report. Only 58 percent of Asian IR professionals say they place targeting in their top three goals for 2018, compared with 76 percent of their North American counterparts and 80 percent of IROs in Europe who name this as their top priority. This could well relate to the budget issue – because less is likely to be needed if you are undertaking fewer targeting roadshows and investor events.
It’s an issue Intaraprasong returns to in terms of a need for an increase in IR in Asia. ‘I think, all in all, we need to spend more time on IR and communicating with investors, compared with developed markets,’ she says.
Similarly, for Jeannie Ong, director of the Investor Relations Professional Association Singapore and former head of IR at StarHub, there is still a corporate cultural shift needed toward IR at Asian companies. ‘IR, unfortunately, is still something some people [in Asian companies] feel is good to have, rather than a must-have,’ she says.
Or to put it more harshly, one Singapore- based portfolio manager says: ‘Asian firms have a lot to learn as far as IR is concerned. The typical IR person in Asia is someone junior and not in the loop, hence sometimes is a waste of time for us to talk to.’ Based on this, Asian IR has to step up its game.
Higher-premium IR
So it’s not surprising that IR Magazine’s Value of IR report reveals that the Asian investment community places more importance on, and assigns a far higher premium to, good investor relations than do its counterparts in the rest of the world. The point here is that when investors see good IR, it makes a real stand-out difference – so the function of effective IR is vitally important in Asia and its various growing capital markets, a point argued by Angela Campbell-Noë, senior partner at Tulchan Communications Asia.
‘Asian companies aren’t as well known as some of their European and US counterparts, so they have to spend a lot more time educating the market and potential investors about things other than their company,’ she explains.
‘Particularly in emerging Asian markets, there is country risk to consider, so it takes a longer period to close a transaction because investors need more time to get comfortable, not only with the company, but also with the country and the risks.’ Putting aside budgets and management involvement, then, what Asia really needs is more proactive, effective, market and investor-focused IR. And in that, Asia is no different from other parts of the financial world. Returning to the first principles of IR, Campbell-Noë contends that many of the challenges IROs face in Asia are in fact universal to the profession.
‘I genuinely don’t think there is Asian IR, European IR and American IR,’ she says. ‘There is best practice across investor relations. All companies are competing for the same investment dollar. Asian companies, in the same way as European and US companies, need to look at issues such as disclosure, transparency, data reporting, governance and compensation. And all companies should be held to the same [high] standards.’
Listen to a selection of interesting podcasts from around the globe:
How to make your reporting relevant: Ticker 105
Companies don’t make money the way they once did. Intangible assets like patents, brands and R&D drive value. Yet you wouldn’t know it reading a standard financial report – which hardly anyone does anymore anyway. The average publicly traded firm has its annual report downloaded from Edgar 28.9 times in the five days followings its filing.
Earnings, shmernings. On this Ticker podcast, iconoclast accountant Baruch Lev reconstructs the balance sheet – and offers tips on how to systematically share with investors the sort of information they really want (hint: think ‘strategic assets’).
How to not be an activist’s target this proxy season: Ticker 102
‘The most important factor is a company that is underperforming and doesn’t articulate why’
Shareholder activism has exploded since the start of the financial crisis a decade ago. New players, technologies, strategies and issues present IROs with a complex playing field and the likelihood of a dynamic 2019 proxy season. While any underperformer is vulnerable, a recent report suggests consumer discretionary, financials and telecommunications companies will find themselves especially in the crosshairs.
On this Ticker podcast, host Jeff Cossette speaks with top proxy solicitor Bruce Goldfarb, founder and CEO of Okapi Partners. Goldfarb says companies with strong shareholder communications and robust ESG policies are better positioned to deter or fend off an activist’s attack.
‘[Digital tools] are fundamentally changing the way we work and communicate with each other’
If one single quality could define the millennial generation as a market segment, it’s that its members are digital natives. Rob Krugman isn’t a millennial – but he knows people who are. And as Broadridge’s chief digital officer, he’s picked up a few ideas for IR teams looking to adapt their storytelling to the digital age.
Women in IR: The importance of an inspiring leadership team
Fortis has been a major supporter of IR Magazine’s women in IR campaign and when we caught up with Stephanie Amaimo, the company’s vice president of investor relations, she talked about what the campaign has meant to her and how Fortis’ board and management team walks the walk on diversity.
How Agnico Eagle Mines feels the Mifid II effect
Agnico Eagle Mines typically travels to Europe four times per year and, in recent visits, Brian Christie, the company’s vice president of investor relations, says investors have been encouraging more direct engagement.
Speaking to IR Magazine on the red carpet at the Canada Awards last month, Christie said: ‘A lot more European investors are reaching out to us directly and saying, Don’t bring a broker. Just give us a call and set up a meeting.’
How IR data is becoming more actionable
IR teams are ‘at an inflection point in terms of behavioral tendencies,’ according to Dan Romito, global head of investor analytics at Nasdaq.
Speaking to IR Magazine at the NIRI national conference in Phoenix earlier this month, Romito referenced Nasdaq’s analysis of 400,000 investor interactions, which finds that two thirds of interactions between issuers and investors last year happened outside of traditional sell-side conferences.
The IR Magazine Forum & Awards - South East Asia
For over 30 years, IR Magazine has honored excellence in investor relations around the world. We are pleased to be back in Singapore for 2019 to continue recognising and helping further IR best practice. Last year’s Singapore event attracted over 130 senior IR professionals from across Indonesia, Malaysia, the Philippines, Singapore and Thailand – this internationally renowned event looks at the very best the IR community has to offer through our forum and awards. OUR FORUM: The event kicks off with a forum where investors, analysts and heads of IR from small, mid and large cap companies come together to discuss key issues relating to investor relations, corporate governance, shareholder needs and the role of senior management in IR.
OUR AWARDS: The forum sessions are followed by our prestigious awards ceremony. We present two types of awards categories – researched and nominated – both celebrating the success of those individuals and companies that are leading the way in IR across South East Asia.
Book your tickets and find out more about the event here.
Contact us
For agenda-related inquiries Gargi Iyer gargi.iyer@irmagazine.com +44 20 8004 5619 For awards-related inquiries Lauren Wilson lauren.wilson@irmagazine.com +44 20 8004 5339
For all other inquiries Priscilla Lim priscilla.lim@irmagazine.com +44 20 8004 6214
