3 RP companies land in ‘Fabulous 50’ list
The Philippines landed three companies on this year’s Forbes Asia’s Fabulous 50 List of the region’s best publicly traded big companies, up from two previously, including fast-food-chain operator Jollibee Foods, Puregold Price Club, the country’s second largest grocery chain and retailer Robinsons Retail.
Alibaba Group not only makes its debut in the list, it also boasts the highest market value of any of the companies and outperforms on a range of other metrics.
There are a total of 21 new entrants to this year’s list. The “Fab 50” list is an annual honor roll highlighting some of the brightest stars in the Asia Pacific region.
The full list can be found at www.forbes.com/fab50 and in the latest issue of Forbes Asia, available on newsstands now.
This year marks the 12th edition of the “Fab 50” list and the 272 companies that have appeared on the list at least once reflect the changing nature of business in the Asia Pacific region.
Back in 2005, five wireless telecom companies were represented. This year, there were none.
That inaugural list also saw 11 tech hardware companies, while only six made the cut this year.
On the other hand, no property developers joined the roster in the first three years but they have been well represented since.
For six years in a row, companies from China dominate the “Fab 50” list, with a total of 22 companies.
Leading the charge, Alibaba was not eligible for the list until this year when the company met the requirement of being publicly traded for at least a year.
It debuts with an impressive market value of $242.5 billion and profit of $11.2 billion. Meanwhile, last year’s most valuable company, Tencent, valued at $233.2 billion, is now second.
Chinese property developer Country Garden returned to the list for the second time after a four-year absence. Its strategy of offering luxury residences outside major urban centers has helped it thrive even through the volatile property market.
Country Garden’s revenue has nearly tripled since 2012, to an expected $18.8 billion this year, while net profit will likely jump nearly 40 percent over the same period, to a forecast $1.5 billion.
India claims the second highest number of companies with eight, down from 10 companies last year.
Tech Mahindra is the best performer this year from India’s vast information technology services industry.
The gamble it took in acquiring discredited rival Satyam Computer Services paid off, as it is now India’s fifth-largest IT services company with market value of $7.2 billion.
South Korea has the third highest number of companies on the list with five this year, one more than last year. They include Naver, AmorePacific and LG Household & Health Care.
This year also sees the return of Hong Kong to the list with three newcomers — pharmaceutical company Sino Biopharmaceutical, meat producer WH Group, and electronic components manufacturer Truly International.
Vietnam’s first entrant to the “Fab 50” list is Vietnam Dairy Products. Since going public in 2003, Vietnam Dairy Products is now the country’s largest dairy company and fifth largest public company listed on the Ho Chi Minh City Stock Exchange. It is also the country’s first stock market heavyweight to lift its foreign ownership limit past 49 percent, which helped pushed its share price up 20 percent from July 1 through August 19.
Taiwan and Japan each has two companies this year while Thailand and Malaysia each has one company this year. Australia returns to the list with biotech pharmaceutical company CSL after it had no representation last year.
Sumber Alfaria Trijaya, operator of the Alfamart chain, remains the sole company from Indonesia this year. Singapore has no representation on this year’s list.
The “Fab 50” companies are selected from a pool of 1,524 public companies in the region with at least $1.7 billion in annual revenue.
Companies are analyzed using a battery of more than a dozen financial measures. The list excludes companies that have a debt ratio of more than 50 percent or where the government owns at least half of the shares.
The result is the region’s best of the best.