Women’s Corner

Malaysian companies featured in Forbes’ new “Best Over A Billion” list

Six Malaysian businesses have made it into Forbes Asia’s first “Best Over A Billion” chart, featuring the 200 top-performing listed companies in the Asia Pacific with profits of over US$ 1billion.

In a report, Forbes Asia stated that the candidates from a universe of 3,200 listed companies in a region were nominated and were evaluated based on over a dozen metrics including their average five-year sales, operating income growth, return on capital, and projected growth over the next one to two years.

“The goal is to find the region’s best-run companies that are doing well on not just one metric but across many of them.”

The Malaysian companies in the list are BATU KAWAN BHD, Hap Seng Consolidated Bhd, IHH HEALTHCARE BHD, Kuala Lumpur Kepong Bhd, Press Metal Aluminium Holdings Bhd and PUBLIC BANK BHD.

The new list is in addition to Forbes Asia’s existing “Best Under A Billion” list of the top 200 small and medium-sized companies in the region with less than US$ 1billion in profits. Together, it said, the two charts now comprehensively cover all of the listed companies in Asia-Pacific, choosing the top 400 companies using US$ 1billion in sales as a dividing line.

It said the largest companies on the list by market value were from the technology sector and located in the region’s largest markets.

Internet giants such as Alibaba and Tencent, as well as semiconductor firms Taiwan Semiconductor Manufacturing Co. and SK Hynix were included

Fast Retailing, the Uniqlo apparel chain operator, is one of the top 10 companies on the market value list.

The dominated industries list included retail, real estate, banking, transportation, as well as food and beverage manufacturing.

Forbes Asia also highlighted the relationship between the companies and members of Forbes Asia’s rich lists.

Forbes Asia editor Justin Doebele says “Nearly two-thirds of the companies on this list are controlled by or connected to families or individuals who have appeared on Forbes Asia’s rich lists.”

“The Best Over A Billion” list provides a great understanding into which are Asia’s best-run big companies.

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