Digging to tap into the budding green shoots that will give rise to tomorrows multinational conglomerates, Forbes Asia magazine listed China (including Hong Kong) and India as the countries with the highest and second highest number of emerging companies under a billion. Entitled ‘Asia’s 200 Best Under A Billion’, the list highlights the 200 top-performing small and midsize enterprises.
Following blistering growth rates that have fueled economic growth worldwide, China-Hong Kong companies dominated the list for the second year in a row, with 71 companies, down from 78 last year. Indian companies totaled 39, almost double from only 20 last year. Depicting the growth that’s sweeping across Vietnam, this years list also marks the entry of a Vietnamese dairy outfit known as Vinamilk.
In all, 151 firms are new on the list, compared with 136 last year, while 49 are returnees. Firms in information technology, healthcare and electronics sectors accounted for close to half of the 200 companies on the list.
The annual “Best Under A Billion” list picks the top-performing 200 firms from close to 13,000 publicly listed Asia-Pacific companies with actively traded shares and sales between five million dollars and one billion dollars.
Selection of the final 200 was based on earnings growth, sales growth, and shareholders’ return on equity in the past twelve months and over three years.
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