news source:
Forbes -Scott DeCarlo
News Date:
Wednesday, August 28, 2013
News Description:
Businesses are being tested throughout the region. Three years of slowing growth, gyrating currencies and stock prices, and stagnation in the export markets of the U.S. and Europe all present challenges. Companies that are not only surviving but also shining in these times make up our ninth annual roster of Asia-Pacific’s best 50 big listed companies.
Some 20 Chinese companies make the list, down slightly from 23 last year. The mainland’s real estate sector is suffering, but the three property developers from last year’s Fab 50–China Vanke , Longfor Properties and Poly Real Estate Group–managed to find new markets and put together another winning year.
India produced 12 entries, up from 11 last year. We take a closer look at 2 of these–Asian Paints , here and Tata Consultancy Services , here. Three Indian drug companies grace this year’s list–Sun Pharmaceutical Industries and Dr. Reddy’s, which are returnees, and Lupin, a newcomer–showing the country’s pharma clout. One Indian company, HDFC Bank HDB +3.95%, has now made the list seven times, more than any other Fab 50 company this year.
Hong Kong put four companies on the list, the next highest number, and all four are newcomers: Wharf (Holdings), which started in 1886, and three casino companies–SJM Holdings , Galaxy Entertainment and Melco Crown Entertainment MPEL -0.49%–demonstrating the impact of Macau’s booming gambling industry.
Eighteen companies are debuting, including three from the Philippines–Alliance Global Group, Ayala and Jollibee Foods. Every country is represented except Japan, which also failed to boast a Fab 50 company in 2011. Two long-running Fab 50 companies didn’t answer the bell this year: Hong Kong’s Li & Fung and Noble Group had made the list seven times.
In terms of industry, technology companies once again dominated our list this year with nine representatives, down from 11 firms last year. The consumer durables industry has the second most representatives with seven companies followed by real estate with five members. An oil and company firm made the list for the first time since 2009.
Our Billionaires list is littered with executives and founders of these Asia Fab 50 companies, including Peter Woo, Zhang Shiping and Tsai Eng-Meng. A few of the billionaires are the wealthiest people in their respective countries. See our recently released 2013 Philippines Rich List to find the Philippines’ 50 wealthiest people. Andrew Tan (Alliance Global), doubled his wealth to $4.6 billion and is the third-richest person on the list. Jaime Zobel de Ayala, the sixth richest ($3.1 billion), is Chairman emeritus of Ayala Corp., Philippines’ oldest conglomerate.
Company
Country
Market Value ($B)
Sales ($B)
Industry
Advanced Info Service
Thailand
24.3
4.6
Technology
Alliance Global Group
Philippines
6.5
2.3
Conglomerate
Asian Paints
India
6.3
2.0
Chemicals
Axis Bank
India
7.3
6.3
Banking
Ayala Corp
Philippines
8.2
2.5
Real Estate
Baidu
China
47.3
3.5
Technology
Bank Central Asia
Indonesia
21.5
3.8
Banking
Cheng Shin Rubber Industry
Taiwan
8.0
4.4
Consumer Durables
China Gas Holdings
China
5.1
2.7
Utilities
China Hongqiao Group
China
3.4
3.9
Materials
China Vanke
China
18.0
15.4
Real Estate
China ZhengTong Auto Services
China
1.2
4.4
Retailing
CP ALL
Thailand
10.2
6.1
Retailing
CSL
Australia
29.0
5.0
Drugs & Biotechnology
CWT
Singapore
0.6
4.3
Transportation
Dr. Reddy's Laboratories
India
5.7
2.1
Drugs & Biotechnology
ENN Energy Holdings
China
5.4
2.9
Utilities
Galaxy Entertainment Group
Hong Kong
23.3
7.3
Leisure
Geely Automobile Holdings
China
4.0
3.9
Consumer Durables
Great Wall Motor
China
19.3
6.6
Consumer Durables
Gree Electric Appliances
China
13.8
15.8
Consumer Durables
HCL Technologies
India
9.9
4.7
Technology
HDFC Bank
India
22.0
7.9
Banking
Henan Shuanghui Investment & Development
China
13.8
6.3
Food
Hengan International Group
China
13.7
2.4
Personal Products
Hisense Electric
China
2.6
4.0
Consumer Durables
Hyundai Glovis
South Korea
6.4
10.4
Transportation
Idea Cellular
India
8.7
4.1
Technology
ITC
India
39.3
5.8
Agriculture
Jollibee Foods
Philippines
4.2
1.7
Leisure
LG Household & Health Care
South Korea
7.6
3.5
Personal Products
Longfor Properties
China
9.3
4.4
Real Estate
Lupin
India
5.5
1.8
Drugs & Biotechnology
Melco Crown Entertainment
Hong Kong
15.0
4.1
Leisure
Motherson Sumi Systems
India
2.0
4.7
Consumer Durables
Naver*
South Korea
12.6
1.7
Technology
Pegatron
Taiwan
3.6
29.8
Technology
Poly Real Estate Group
China
12.6
9.6
Real Estate
Qingdao Haier
China
5.2
12.6
Consumer Durables
SapuraKencana Petroleum
Malaysia
6.8
2.2
Oil & Gas
SJM Holdings
Hong Kong
13.7
10.3
Leisure
Skyworth Digital Holdings
China
1.6
4.9
Technology
Sun Pharmaceutical Industries
India
16.6
2.1
Drugs & Biotechnology
Suzhou Gold Mantis Construction Decoration
China
4.8
2.1
Construction
Tata Consultancy Services
India
53.5
11.6
Technology
Tencent Holdings
China
87.2
7.0
Technology
Tingyi Holding
China
13.7
9.2
Food
Titan Industries
India
3.1
1.9
Retailing
Want Want China Holdings
China
17.7
3.4
Food
Wharf (Holdings)
Hong Kong
26.3
4.0
Real Estate