Bursa Malaysia offers disclosure guidance for listed companies affected by Covid-19 | Malay Mail

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KUALA LUMPUR, June 11 — Local stock exchange operator Bursa Malaysia Securities Bhd has issued a disclosure guidance on Covid-19 related impacts and investments for listed companies, as part of its commitment to assist them during this challenging time. Bursa Malaysia said based on its...

Thursday, 11 Jun 2020 10:23 AM MYTBursa Malaysia said based on its observation of recent disclosures made by listed issuers in connection with Covid-19's impact, it felt there is room for improvement especially in respect of quality and adequacy of information. ― Picture by Hari Anggara

“Investors and securities holders need more transparent and entity-specific disclosures, including information about the impact of Covid-19 on the listed issuers’ operations and financial performance,” Bursa Malaysia said in a statement. “Listed issuers should also disclose the impact on their cash-flows liquidity, financial position and financial performance, their ability or resources to fulfil financial obligations in meeting the operating expenditure and sustain its business in the foreseeable future, as well as the impact of not meeting financial obligations.

Also advised for disclosure is the impact on an issuer's financial performance including revenue, costs or expenses, earnings before interest, tax, depreciation and amortisation, and profit after tax and minority interests.

 

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