When it comes to choosing the best blue chip stocks Malaysia has available, there are many factors to consider. For Malaysian stock investors, one of the key factors is certainly the country’s economic conditions.
As Southeast Asia’s third largest economy, Malaysia is a stable and prosperous nation and while it has been hit hard by the global pandemic, the country’s strong fundamentals mean that it is well positioned for a recovery.
One of the best ways to benefit from Malaysia’s growth potential is to invest in its own publicly listed companies, or ETFs. In this article, we will share with you our 8 top picks for the best Malaysia blue chip stocks.
Top 8 Best Blue Chip Stocks Malaysia
1. CIMB Group Holdings Berhad (KLSE: CIMB)
CIMB Group Holdings Berhad is one of the largest financial services providers and among the best blue chip companies in Malaysia. The company offers a wide range of products and services, including banking, insurance, asset management, and investment banking.
CIMB also has a strong presence in Indonesia, Thailand, and Singapore, as well as Malaysia. Boasting a market cap of RM49 billion, it is one of the largest companies locally listed and continued to pay dividends even during the pandemic.
Investors are attracted to CIMB for its diversified business model and strong growth prospects. The company is expected to benefit from the recovery in Southeast Asian economies, as well as continued growth in its core markets.
CIMB Group Holdings Berhad Dividend Yield History
- 2022 (Projected) – 4.53%
- 2021 – 3.24%
- 2020 – 2.99%
- 2019 – 5.04%
- 2018 – 3.73%
2. Tenaga Nasional Berhad (KLSE: TENA)
Tenaga Nasional Berhad is Malaysia’s largest electric utility company. It has a monopoly over the generation, transmission, and distribution of electricity in Malaysia.
Tenaga Nasional has a market capitalisation of RM93 billion and is one of the largest companies on the Bursa Malaysia stock exchange. The company is 51% owned by the Malaysian government.
Investors are attracted to Tenaga Nasional for its monopoly position and for being one of the best dividend paying blue chip stocks in Malaysia. The company is a defensive play that is very well positioned.
Tenaga Nasional Berhad Dividend Yield History
- 2022 Projected – 4.55%
- 2021 – 7.52%
- 2020 – 7.65%
- 2019 – 3.98%
- 2018 – 3.3%
3. Public Bank Berhad (KLSE: PBB)
Public Bank Berhad is one of Malaysia’s largest banks. It offers a full range of banking products and services, including deposits, loans, credit cards, and foreign exchange.
Public Bank has a market capitalisation of RM69 billion and is one of the largest companies on the Bursa Malaysia stock exchange.
Investors are attracted to Public Bank for its strong growth prospects and healthy dividend yield. The bank is well-positioned to benefit from the continued economic growth in Malaysia.
Public Bank Berhad Dividend Yield History
- 2022 (Projected) – 3.33%
- 2021 – 4.74%
- 2020 – 2.31%
- 2019 – 3.05%
- 2018 – 2.74%
4. Maxis Berhad (KLSE: MAXI)
Maxis Berhad is Malaysia’s largest telecommunications company. It offers a full range of mobile and fixed-line voice and data services.
Maxis has a market capitalisation of RM48 billion and is one of the largest companies on the Bursa Malaysia stock exchange.
Investors are attracted to Maxis for its strong growth prospects and healthy dividend yield. The company is well-positioned to benefit from the continued growth in the Malaysian telecommunications sector.
Maxis Berhad Dividend Yield History
- 2022 (Projected) – 5.26%
- 2021 – 3.68%
- 2020 – 3.27%
- 2019 – 3.66%
- 2018 – 3.47%
5. Axiata Group Berhad (KLSE: AXIA)
Axiata Group Berhad is one of Malaysia’s largest telecommunications companies. It offers a full range of mobile and fixed-line voice and data services.
Axiata has a market capitalisation of RM40 billion and is one of the largest companies on the Bursa Malaysia stock exchange.
Investors are attracted to Axiata for its strong growth prospects and healthy dividend yield which has been increasing in recent years. As far as blue chip stocks Malaysia, Axiata is well-positioned to benefit from growth in the telecommunications sector.
Axia Group Berhad Dividend Yield History
- 2022 (Projected) – 3.16%
- 2021 – 2.32%
- 2020 – 1.82%
- 2019 – 2.25%
- 2018 – 1.92%
6. Genting Berhad (KLSE: GENT)
Genting Berhad is Malaysia’s largest gaming and hospitality company. It operates casinos, hotels, resorts, and theme parks in Malaysia, the Philippines, Singapore, and the United Kingdom.
Genting has a market capitalisation of RM37 billion and is one of the largest companies on the Bursa Malaysia stock exchange.
Investors are attracted to Genting for its strong growth prospects and healthy dividend yield. The company is well-positioned to benefit from continued economic growth in Southeast Asia.
Genting Berhad Dividend Yield
- 2022 (Projected) – 2.43%
- 2021 – 1.65%
- 2020 – 5.43%
- 2019 – 3%
- 2018 – 2.51%
7. MMC Corporation Berhad (KLSE: MMCCORP)
MMC Corporation Berhad is a Malaysian conglomerate with interests in engineering and construction, ports and logistics, power generation, and oil and gas with a market capitalisation of RM30 billion.
Blue chip investors are attracted to MMC for its strong growth prospects and healthy dividend yield. The company appears to be well-positioned to take advantage of any economic growth in Southeast Asia.
MMC Berhad Dividend Yield History
- 2021 – 2.97%
- 2020 – 6.82%
- 2019 – 3.7%
- 2018 – 2.82%
- 2017 – 1.66%
8. YTL Corporation Berhad (KLSE: YTL)
YTL Corporation Berhad is a Malaysian conglomerate with interests in engineering and construction, utilities, property development, and hospitality.
With a market cap of RM29 billion, YTL remains one of the largest blue chip stocks on the Bursa Malaysia stock exchange.
YTL Berhad Dividend Yield History
- 2021 – 4.1%
- 2019 – 4.14%
- 2018 – 3.49%
- 2017 – 3.41%
- 2016 – 5.18%
What is a blue chip company in Malaysia?
A blue chip company in Malaysia is a publicly traded company with a history of stable and consistent growth, earnings, and dividends. Blue chip stocks are typically considered to be the safest and most reliable investments in the Bursa Malaysia.
The term “blue chip” was first used in the early 1900s to describe high-quality, expensive poker chips that were made of blue clay. Over time, the term came to be used more broadly to describe anything of high quality and value.
Investing in blue chip stocks Malaysia is a popular strategy for long-term investors, as these stocks tend to hold up well during periods of economic turmoil and offer a higher degree of safety than other types of stocks.
However, Malaysia blue chip stocks are not without risk. While they may be less volatile than other stocks, and other assets such as forex or CFD trading in Malaysia blue chip companies can still experience declines in value with stocks some of the hardest hit during the 2008 financial crisis.
Despite the risks, the best blue chip stocks Malaysia are still considered to be a sound investment for many people and are certainly worth evaluating.
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