Suncity Group voted as Number 1 in Gaming & Lodging Sector in the Institutional Investor 2021 All-Asia Executive Rankings
Suncity Group Holdings Limited (1383.HK) together with its subsidiary, Summit Ascent Holdings Limited (102.HK), are pleased to announce the exciting news that Suncity Group and Summit Ascent are named in the “2021 All-Asia Executive Team Rankings” published by the world-renowned financial publication Institutional Investor. Suncity Group has been ranked as the overall Number 1 in the Gaming and Lodging sector. Suncity Group attained All-Star status achieving a first-place clean sweep in the combined rankings across all five categories in Best CEO, Best CFO, Best Investor Relations Professional, Best IR Program and Best ESG; and is clearly the most-decorated winner amongst gaming companies in Asia.
This is an unprecedented recognition that Suncity Group has been ranked in the overall first place in the Gaming & Lodging listing in Asia, surpassing many well-established mega, large and mid-cap Gaming & Lodging peer companies. Being honoured on the top spot by a prominent financial publication based on verified votes is the highest form of respect the investment community paid towards the Group. The companies participated in Institutional Investor were rated on several core areas, including (1) Financial Disclosure, (2) Services & Communication, (3) COVID-19 responses and (4) ESG. In addition, Summit Ascent is also named in the top three in multiple categories, indicating that the acquisition by Suncity Group brings a fresh perspective in new leadership, operational culture and operational excellence, which are also well-recognised.
For over 50 years Institutional Investor has consistently distinguished itself among the world’s foremost media companies with ground-breaking journalism and incisive writing that provides essential intelligence for a global audience. The Institutional Investor Research ranking is entirely based on votes from recognised financial professionals. It is highly authoritative and thus is a trusted ranking for international capital markets. A total of 4,084 investors and portfolio managers and analysts from 1,285 voter firms participated in this survey, nominating a total of 1,438 companies and 2,690 individuals across 18 sectors. This included 3,503 buy-side professionals from 1,178 buy-side companies with an estimated $1,863 billion in Asia (ex-Japan) equities and 581 sell-side analysts from 107 companies.
Mr. Alvin Chau, Chairman of Suncity Group and Chairman of Summit Ascent, said, “I am overwhelmed by the fact that Suncity Group has been voted as the Number 1 in the Gaming & Lodging sector, out of all 1,438 nominated companies in Asia. The fact that Suncity Group is such a young company yet it has outperformed other established peers to take the top spot in the Gaming & Lodging list is incredible. Altogether Suncity Group and Summit Ascent have swept a phenomenal 14 accolades in total, a never-seen-before recognition by the investment community. I wish to express heartfelt gratitude to the investment community for their benevolent support.”
Mr. Andrew Lo, Executive Director of Suncity Group and Deputy Chairman of Summit Ascent, expressed his delight, “There is no greater way of being recognised with votes of confidence from the investment community in the Group’s executive leadership, corporate governance, ESG, investor relations, communication and transparency efforts. The results this year has never been more encouraging to us. Though we may be a young company, we are flexible and determined to be Asia’s best up-and-coming integrated resort operator when borders reopen.”