PETALING JAYA: Five Malaysian companies, including new entrant Karex Bhd, the world’s largest manufacturer of condoms, made it to the 2016 Forbes Asia’s “Best Under A Billion” list.
The other companies in the list are semiconductor player Inari Amerton Bhd, construction company Mitrajaya Holdings Bhd, MY E.G. Services Bhd and Signature International Bhd.
The “Best Under A Billion” list honours 200 leading public companies in the Asia Pacific region with annual revenue between US$5mil and US$1bil, have positive net income and have been publicly traded for at least a year.
Forbes said from a universe of 17,000 companies, the candidates were screened on sales growth and earnings growth in the past 12 months and over three years, and for the strongest five-year return on equity.
Companies from China, Hong Kong and Taiwan account for 65% of this year’s Forbes Asia’s “Best Under A Billion” list.
This is a record high for the list of the top 200 publicly-traded companies in the Asia-Pacific region.
Of the 200 companies, 116 are new on this year’s list.
The full list can be found at www.forbes.com/bub and in the latest issue of Forbes Asia.
A total of 98 companies from China and Hong Kong made it to this year’s list, up from 84 the previous year.
These companies stand out not just because of their record number but because they largely defy those who think that the world’s second largest economy is in trouble.