8 Philippine companies land on Forbes’ ‘Asia's 200 Best Over A Billion’
MANILA, Philippines — Eight Philippine companies made it to Forbes magazine’s inaugural “Asia's 200 Best Over A Billion 2019,” which lists top-performing listed companies in the Asia-Pacific region with revenues of $1 billion or more.
Out of 3,200 listed companies in the region, Ayala Corp., Cosco Capital, GT Capital Holdings, JG Summit Holdings, Jollibee Foods Corp., Megaworld, San Miguel Food and Beverage and SM Investments were among the 200 companies included in Forbes’ new list released Wednesday.
According to Forbes, the firms were evaluated based on “more than a dozen metrics” including their average five-year sales, operating income growth, return on capital, and projected growth over the next one to two years.
It added that the new list was meant to complement its “Best Under A Billion” list — which features 200 best-performing, small and midsized companies in the Asia-Pacific region with less than $1 billion in revenue.
Forbes’ said there were companies that transitioned out of the “Best Under A Billion” list and moved into the “Best Over a Billion” after raising revenues above $1 billion, such as JFC — Philippines' largest food service network operator — as well as China’s Alibaba and Tencent.
“The goal is to find the region’s best-run companies that are doing well on not just one metric but across many of them,” the international business magazine said.
The biggest companies on Forbe’s new list by market value hail from the technology sector and the region’s largest markets. They include internet giants Alibaba and Tencent, as well as semiconductor giants Taiwan Semiconductor Manufacturing Co. and SK Hynix.
Meanwhile, Fast Retailing, the operator of the Uniqlo apparel chain founded by Japanese billionaire Tadashi Yanai, is among the 10 largest companies on the list by market value.
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