They are among the best 200 companies in Asia-Pacific
SINGAPORE: Thirteen Malaysian companies made Forbes Asia’s fourth annual Best Under A Billion list, according to Forbes, the US-based publisher of the leading Asian business magazine.
The companies are CB Industrial Product Holdings Bhd, Coastal Contracts Bhd, Efficient E-Solutions Bhd, ETI Tech Corp Bhd, Grand-Flo Solution Bhd, Hai-O Enterprise Bhd, I-Power Bhd, JobStreet Corp Bhd, Notion Vtec Bhd, Pintaras Jaya Bhd, Plant Offshore Group Ltd, Sarawak Oil Palms Bhd and Success Transformer Corp Bhd.
Malaysia was ranked seventh in terms of the number of companies represented on this year’s list, Forbes said in a statement yesterday.
The list features the best 200 companies from among 24,155 listed firms in the Asia-Pacific region.
Forbes said those with less than US$1bil in sales were vetted for consistent growth of both sales and profits over three years.
The Malaysian companies on the Forbes list dealt in a wide range of products and services, from rechargeable batteries, industrial tools, marine vessels, online recruitment, information technology solutions and multi-level marketing to palm oil and construction services for the oil and gas industry.
The net income of the companies ranged between US$2mil and US$33mil with a market value of between US$15mil and US$341mil.
They also recorded sales of between US$17mil and US$132mil, Forbes said.
Forbes said more than a quarter of last year’s companies made the list again with consumer technology, commercial real estate, clean energy producers and business services sectors leading the way.
All the companies on this year’s list increased sales and profits despite major indices in Hong Kong, Japan, Korea and Australia falling by more than 20% over the past year.
The full list will appear in the Sept 29 issue of Forbes Asia magazine, available on newsstands this week. - Bernama