Singapore: Last week Forbes Asia published its 2022 edition of the best 200 medium-sized companies in the Asia-Pacific region. These are publicly listed companies with annual revenues of less than one billion dollars. This year, 24 Indian firms made the list titled “Best Under a Billion”, down from 26 in 2021. This placed India in fourth place among Asian countries, one place ahead of China, which has 22 companies on the list. Taiwan has the largest number of listed companies at 30, followed by Japan at 29 and South Korea at 27. The list, which is unranked, was compiled from a long list of over 20,000 publicly traded companies in the Asia-Pacific region with annual sales above that. USD10 million but less than USD1 billion.
Forbes Asia says the list is meant to identify companies with long-term sustainable performance across a variety of metrics. A composite score was created using data collected in areas such as debt, sales, and earnings-per-share growth, the strongest in the most recent financial one and three-year periods and the strongest on equities another five. Average return for the year. Forbes used annual results for the full year based on the latest publicly available data as of July 11, 2022. In addition to these quantitative criteria, a qualitative screen was used to exclude certain companies that were deemed not suitable for Forbes Asia to seek and profile. Maintain fairness.
Companies with serious governance issues, questionable accounting, environmental concerns, management issues, or legal troubles were excluded, and so were state-controlled firms and subsidiaries of larger companies. Forbes Asia said their criteria “ensure the geographic diversity of companies across the region.” This year, the Best Under a Billion list highlighted changes in discretionary spending after health care and pharmaceutical companies topped last year’s list, which was compiled while the sector is still mostly COVID-19. Was under a cloud of -19. Epidemic. Apparel manufacturers, mall operators, restaurants, consumer electronics, entertainment companies and luxury brand retailers have benefited from a post-pandemic return to daily life.
This year’s list saw the return of 75 companies from last year’s list, reflecting their resilience in a rapidly changing environment. Taiwan’s Aspeed has been on the list for nine consecutive years in this regard.
Among the companies highlighted in the Forbes Asia report are Indian apparel maker Dollar Industries. After recovering from COVID-19-induced business and supply chain disruptions, Dollar Industries reported a 30 per cent increase in sales for the fiscal year ended March, with net profit up 72 per cent. In addition to expanding its clothing range for women, the company has recently added a spinning mill and a warehouse.
Established in 1972, Dollar Industries is based in Kolkata and manufactures hosiery and garments under several brand names. It has a revenue of US$181 million, a net income of US$20 million and a market capitalization of US$389 million. Another Indian company to make the list is Aarti Industries Limited (AIL). AIL manufactures chemical products used in the downstream manufacturing of pharmaceuticals, agrochemicals, polymers, additives, surfactants, pigments and dyes. Over the past decade, AIL has grown from an Indian company serving global markets to a global entity with state-of-the-art manufacturing facilities in India.
Based in Mumbai, it was established in 1984. It has a revenue of US$939 million, a net profit of US$175 million and a market value of US$3.28 billion. AIL states on their corporate website that they are a leading Indian manufacturer of specialty chemicals and pharmaceuticals with a global footprint and they plan to create a sustainable future with a scale-up engineering capability (asset utilization) along with process chemistry capability (recipe). focus). There were seven Singapore companies on the list.
These include luxury watch retailer The Hourglass. During the last fiscal year, The Hour Glass sales rose nearly 40 percent to USD 766 million, and net profit jumped 86 percent to USD 115 million, as home-buyers looking for ways to spend their cash amid the pandemic. were looking for. The Hour Glass sells brands such as Rolex, Patek Philippe and Audemars Piguet and has 50 boutiques across the Asia-Pacific. Its market value against the stock market last week is US$1.12 billion.
Another Singapore company to make the list is UMS Holdings which provides precision engineering and manufacturing solutions supporting the semiconductor industry.
UMS’s net profit attributable to shareholders for the year ended December 31, 2021, primarily driven by continued growth in semiconductor demand, grew 46 percent to US$38.7 million on record revenue of USD198 million. This is 65 percent more than the previous financial year. As of the end of last week, it has a market capitalization of USD 592 million.
The company specializes in manufacturing front-end high-precision semiconductor components and performs assembly and final testing services. Its major customer is Applied Materials, which is one of the largest manufacturers of machinery used to manufacture semiconductors and supports the likes of chipmakers Taiwan Semiconductor Manufacturing Company and Samsung.
UMS Holdings also works with businesses in other industries such as aerospace and oil and gas. “This is a significant achievement as it reaffirms that our business model is dynamic and robust, our vision to continuously improve and meet our commitments to customers and stakeholders that have been well recognized,” said UMS Holdings. President and CEO Andy Luong told The Straits Times (Singapore). We will continue to look forward – to expand and build on our success in the years to come.”