8 Philippine Companies Among Forbes Asia’s Best Over A Billion List
Forbes Asia recently released the inaugural list of 200 top-performing listed companies across the Asia-Pacific region called Best Over A Billion.
Also read: Business Talk with Filip Boyen, CEO of Forbes Travel Guide
The companies included in the list have at least USD 1 billion in revenues, and there are eight companies from the Philippines namely:
- Ayala Corp
- Cosco Capital
- GT Capital Holdings
- JG Summit Holdings
- Jollibee Foods
- Megaworld
- San Miguel Food and Beverage
- SM Investments
Companies that are candidates for a spot on the list are evaluated based on various metrics, including 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 are included in the final list of 200.
The goal of the list is to determine the best-run companies in the region based on a variety of metrics, not just a single one. These companies represent the best of Asia-Pacific’s big companies.
Aside from this, the list also puts the spotlight on the connection between the companies and members of Forbes Asia’s rich lists.
“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.
Ramon Ang is the cover of Forbes Asia’s September issue
One example cited by Forbes is San Miguel Food and Beverage, where Filipino billionaires Ramon Ang and Eduardo Cojuangco, Jr. are the company’s CEO and Chairman, respectively.
Also read: One of Philippines’ Top Tycoons: Ramon Ang
“The company’s shares have surged over 20% this year, outperforming the local stock market benchmark,” Forbes Asia said in a statement.
Companies that are in the industries of retail, real estate, banking, transportation, and food & beverage manufacturing dominated the list with Japan’s Advantest, producer of semiconductor production and testing equipment, as the front-runner.
Also read: 8 Most Influential Tycoons in the Philippines
Source: Forbes
Images grabbed from forbes.com
