In a statement, Forbes Asia said the candidates were selected from 3,200 listed companies in the region, and were evaluated based on over a dozen metrics including their average five-year sales, operating income growth, return on capital, and projected growth over the next one to two years.
Those having the highest composite score, it said, made it into the final list.
“The goal is to find the region’s best-run companies that are doing well on not just one metric but across many of them.
“The result is a list that represents the best of Asia-Pacific’s big companies,” it said.
The Malaysian companies on the list – by alphabetical order – are Batu Kawan Bhd, Hap Seng Consolidated Bhd, IHH Healthcare Bhd, Kuala Lumpur Kepong Bhd, Press Metal Aluminium Holdings Bhd and Public Bank Bhd.
The new list complements Forbes Asia’s existing “Best Under A Billion” list of the 200 best-performing, small and mid-sized companies in the region with less than US$1bil in revenue.
Together, it said, the two lists now comprehensively cover all of Asia-Pacific’s listed companies, selecting the top 400 companies using US$1bil in sales as a dividing line.
It said the largest companies on the list by market value were from the technology sector and located in the region’s largest markets.
They included Internet giants Alibaba and Tencent, as well as semiconductor firms Taiwan Semiconductor Manufacturing Co and SK Hynix.
Fast Retailing, which is the operator of the Uniqlo apparel chain, is among the 10 largest companies on the list by market value.
The industries that dominated the list included retail, real estate, banking, transportation as well as food and beverage manufacturing.
Forbes Asia also noted the connection between the companies and members of Forbes Asia’s rich lists.
“The Best Over A Billion list provides an incredible insight into which are Asia’s bestrun big companies.
“Nearly two-thirds of the companies on this list are controlled by or connected to families or individuals who have appeared on Forbes Asia’s rich lists,” says Forbes Asia editor Justin Doebele.
Source: The Star