Maybank moves up Forbes' Annual Global 2000 list

Maybank has four branches in Greater China, in Shanghai, Beijing, Hong Kong and Kunming.

KUALA LUMPUR: Malayan Banking Bhd (Maybank), with assets worth US$165bil, was among the top 500 of Forbes' Annual Global 2000 list of biggest public companies this year.

The country's largest financial services group saw its ranking move up nine notches to 362 from 371 last year, the Forbes' list revealed.

The only other Malaysian company that made it to top 500 is Tenaga Nasional Bhd, at 464.

About 15 Malaysian companies which made it to the 2,000 biggest public companies, including Public Bank (581), CIMB Group Holdings (668), Sime Darby (813), Axiata Group (1,028), Genting Bhd (1,246), Petronas Chemicals (1,293) and MISC at 1,344.

RHB Capital was at number 1,398 in the list, Hong Leong Financial (1,431), Petronas Gas (1,487), AmBank Group (1,535), Maxis (1,546) and IHH Healthcare 1,938 placing.

On the methodology, Forbes said it compiled the Global 2000 list using data from FactSet Research systems to screen for the biggest public companies in four metric: sales, profits, assets and market value. 

The market value calculation is based on closing prices as of April 22, 2016 and includes all common shares outstanding.

Industrial and Commercial Bank of China, China Construction Bank and Agricultural Bank of China held on to the top three spots in the Forbes Global 2000, a comprehensive annual ranking of the worlds largest public companies. - Bernama