Companies from mainland China, Hong Kong and Taiwan once again dominated this year’s Forbes Asia’s “Best Under A Billion” list.
The companies accounted for 60 percent of the top 200 publicly-traded companies in the Asia-Pacific region. The full list can be found at www.forbes.com/bub and in the latest issue of Forbes Asia.
The “Best Under A Billion” list honours 200 leading public companies in the Asia Pacific region with annual revenue between USD 5 million and USD 1 billion, have positive net income and have been publicly traded for at least a year.
From a universe of 17,000 companies, the candidates are 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.
India and Malaysia both have 11 companies on the list while Australia has nine companies.
This year, Japan dropped out of the top five countries, with only eight companies compared to 15 last year. Singapore is represented by six companies, up from three last year.