Press Metal makes debut on Forbes Asia's Fab 50 list


KUALA LUMPUR: Press Metal Aluminium Holdings Bhd has made its debut on the Forbes Asia's list of the 50 best publicly traded big companies in the Asia-Pacific.

The aluminium producer, which was included in the 30-stock FBM KLCI in December last year, made it into the Fabulous 50 list with a market capitalisation of US$4.7bil, alongside Batu Kawan Bhd , which is making an appearance on the list for the fourth straight year.

The Forbes Asia Fabulous 50 are selected from a pool of 1,744 public companies in the region with at least US$2bil in annual revenue and have been listed for at least a year.

Chinese companies, which have consistently dominated the list, made a record-breaking 30 listees in this year's Fab 50.

Tencent and Alibaba once again top the list as the two most valuable companies with greater market capitalisations and profits than any of the other companies. This would be Tencent's 10th appearance on the list and Alibaba's third.

From India, Avenue Supermarts broke into the list following its listing last March and a subsequent jump in revenue and profits. 

Other notable newcomers include China's Anta Sports Products, South Korea's Netmarble and Vietnam's Vingroup Joint Stock Co.

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