“As you can see, there is a potential global recession in the near future, and companies that underwent a transformation in this environment are the ones that see an outsized return,’’ EY Asean value creation leader Sriram Changali told a media briefing yesterday,新2手机网址（www.zq38.vip）实时更新发布最新最快的新2手机网址、新2手机网址线路、新2手机网址登录网址、新2手机网址管理端、新2手机网址手机版登录网址、新2手机皇冠登录网址。
PETALING JAYA: Ernst & Young (EY) reckons that now is the right time for companies to look at transformations to reap greater returns.
According to one of its studies, companies that undertook a transformation during or before a recession managed to generate a 25% increase in total shareholder returns.
“As you can see, there is a potential global recession in the near future, and companies that underwent a transformation in this environment are the ones that see an outsized return,’’ EY Asean value creation leader Sriram Changali told a media briefing yesterday, Bernama reported.
He said a recent EY-Parthenon study of the top 70 listed companies (by market capitalisation) in South-East Asia also found that companies that undertook transformative actions during the Covid-19 pandemic saw their businesses outperforming those of their peers.
He noted that companies with holistic agendas tend to have a greater chance of success.,
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He added that environmental, social and corporate governance, digitalisation, partnership and supply chains were the main areas of interest for large enterprises.
Sriram also highlighted that there had been a very interesting discussion on whether a company’s performance was determined by the sector or the company itself.
“I think the answer for us is really company-specific, as we see companies outperforming in a sector that is struggling, and vice-versa,” he said.
Hence, companies that may already be in their stress cycle should seriously consider undergoing a transformation, he added.