Financial insolvency hurts a companys operation and reputation, causing losses to investors. It is therefore important for managers, owners, and analysts to operate an efficient diagnostic system for detecting a companys insolvency. Financial analysis is vital to analyse a companys performance and predict the probability of a company going bankrupt. Required: (i) Find THREE (3) companies of your choice (Malaysian companies from Bursa Malaysia), detailing the background and business of the company. It is very important that your THREE companies should belong to the same industry. If your first company from banking industry like CIMB, your second company should also be from banking industry, for that comparison of ratios would make sense. Also do not choose companies from financial industry because their financial statements demand separate kind of analysis. (ii) Perform a financial analysis using the necessary financial statements of the company (combined analysis and ratio analysis) over latest 3 years (2018, 2019 and 2020). You are to comment on your results.

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