NINE companies from Singapore have made it to Forbes Asia’s inaugural Best Over A Billion list which spotlights 200 top-performing listed companies across Asia-Pacific with revenues of US$1 billion or more.
From a pool of 3,200 listed firms in the region, candidates were evaluated on metrics such as their average five-year sales, operating income growth, return on capital, and projected growth over the next one to two years. Those with the highest composite score earned a place in the final tally of 200.The largest Singapore companies featured are DBS, OCBC Bank and UOB, ranking 13th, 20th and 23rd respectively by market value within the Asia-Pacific.
A notable company is STO Express, the first courier service in China to go public in 2015. The Shenzhen-listed firm’s net profit rose 38 per cent in 2018 to 2.1 billion yuan thanks to a 35 per cent spike in revenue, Forbes said. “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,” said Justin Doebele, editor of Forbes Asia.
Source: News Formal (newsformal.com)
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