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HONG KONG, Aug. 7, 2020 /PRNewswire/ -- NagaCorp Ltd. ("NagaCorp" or the "Group", SEHK stock code: 3918), which owns, manages and operates NagaWorld, the entertainment centre of the Mekong Region, has been recognized as an Honored Company by the renowned financial publication Institutional Investor for outstanding leadership and investor relations, including "Best CEO", "Best CFO", "Best IR Team", "Best IR Program" and "Best ESG" in the Gaming & Lodging sector. The recognition is part of Institutional Investor's 2020 All-Asia Executive Team, annual rankings that are regarded globally as the financial industry's benchmark for excellence.
This year, a total of 1,921 portfolio managers and buy-side analysts, and 611 sell-side analysts participated in the 2020 All-Asia Executive Team Honored Companies survey. The 1,472 companies nominated across 18 sectors this year were rated on nine core areas, including (1) Accessibility of Senior Executives (2) Execution of Strategy (3) Well Informed and Empowered IR Team (4) Productivity of NDR/Conferences/Calls (5) Responsiveness (6) Business & Market Knowledge (7) Consistency & Granularity, (8) ESG Information, and (9) Timeliness of Disclosure.
Within the Gaming & Lodging sector, NagaCorp was ranked in the overall Top 3 in five categories:
Best CEO – Tan Sri Dr. Chen Lip Keong
Best CFO – Tan Sean Czoon
Best IR Team – NagaCorp Ltd.
Best IR Program – NagaCorp Ltd.
Best ESG – NagaCorp Ltd.
Tan Sri Dr. Chen Lip Keong, Founder, Controlling Shareholder and Chief Executive Officer of NagaCorp, said, "We try not to build monuments: We build jobs and contribute to socioeconomic development. This has been our mantra since the very beginning of the company. NagaCorp has achieved remarkable results since we began operations in 1995, from both a business model and socioeconomic perspective. Our results are from a combination of solid business strategy and acumen, and operational and execution efficiency. But we have also made significant progress in a number of the categories noted in the 2020 All-Asia Executive Team survey. It is a great endorsement to receive this award which shows that the capital markets give us high recognition for leadership, credibility and the excellent quality of our investor relations team and their initiatives. We will continue our upward trajectory, solidifying our leadership position within the Asia Pacific gaming region, while always enhancing our professional standards and generating sustainable investment value for our shareholders."
Timothy Patrick McNally, Chairman of NagaCorp, said, "We are delighted to be recognized by Institutional Investor for our ESG work, as this component of public companies' corporate responsibility continues to be increasingly valued by investors. NagaCorp has an important role to play as a corporate citizen, fully engaged in the community where we do business where we have been committed to creating long-term value in a sustainable way for all our stakeholders. Looking forward, NagaCorp intends to keep its leadership in corporate social responsibility and continue its journey of being a good corporate citizen - always striving for excellence to uphold its responsible position in the country."
Tan Sean Czoon, Chief Financial Officer of NagaCorp, remarked, "Since the beginning of this year, the global economy has faced multiple challenges from the impact of COVID-19, and NagaCorp has reinforced its best financial management practices to mitigate the effects of this challenging global health crisis. During the pandemic, we have continued to work diligently to enhance our interaction with the investment community and boost transparency, while working diligently to implement financial policies and practices that protect our shareholders' interests."
Gerard Chai, Managing Director, Head of Investor Relations of NagaCorp, said, "The outbreak of COVID-19 and the resulting unstable geopolitical climate have caused drastic, unpredictable results on businesses worldwide, which makes consistent, precise and meaningful messaging to investors more important than ever. The investor relations team has made tremendous efforts in responding to and maintaining crucial dialogue with the global investment community through persistent and responsive communications in the midst of an extremely challenging environment. We continually enhance and strengthen communications and relationships with shareholders and investors while keeping them informed of NagaCorp's business performance and strategies. We are proud that Institutional Investor has recognized NagaCorp's investor relations team in providing the best work for NagaCorp and our investors. The investor relations team is committed to continuously maintaining a world class standard of investor communications."
For more than 30 years, Institutional Investor has recognized people and firms in the financial services industry for excellence. The integrity of Institutional Investor's editorial and research-supported rankings and awards have earned the highest regard in the industry and continue to set the standard by which excellence is measured. For the past 15 years, Institutional Investor has also provided independent analyses of companies' investor-relations programs, in conjunction with Executive Team rankings.
About NagaCorp Ltd.
NagaCorp Ltd. was listed on The Hong Kong Stock Exchange in October 2006 (SEHK stock code: 3918). Established in 1995, NagaCorp's wholly owned subsidiary NagaWorld Ltd. owns, manages and operates the only world-class integrated entertainment and leisure complex in Phnom Penh, the capital of the Kingdom of Cambodia. It owns a casino license valid for 70 years, and exclusive gaming rights for a period of around 51 years (1995-2045). NagaCorp was selected for inclusion in the Hang Seng Foreign Companies Composite Index launched on 5 September 2011. On 10 September 2018, the Group was included as a constituent of the Hang Seng Composite Large Cap & MidCap Index.
SOURCE NagaCorp Ltd.