Thursday 28 Mar 2024
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KUALA LUMPUR: Chemical manufacturer-cum-logistics player Batu Kawan Bhd and healthcare group IHH Healthcare Bhd were the only two Malaysian companies to have made it to Forbes Asia’s Fabulous 50 (Fab 50) list this year.

The Fab 50 list is an annual honour roll, highlighting some of the best publicly-traded companies in the Asia-Pacific, in the magazine’s view. 

Besides chemical and logistics, Batu Kawan is also involved in property investments and the plantation business.

IHH Healthcare operates a network of hospitals providing premium healthcare services, with key operations in Malaysia, Singapore and Turkey.

Companies from China have dominated this year’s Forbes Asia’s Fab 50 list, with 25 names, up from 16 last year, Forbes Asia said in a statement yesterday.

It also boasts the list’s most valuable company, Tencent, now worth US$176.5 billion (RM672.5 billion), and its biggest Lenovo, which saw US$46.3 billion in revenue last year.

“The Fab 50 companies are selected from a pool of 1,116 publicly-listed companies in the region, with at least US$3 billion in annual revenue or market capitalisation,” it said.

Companies must be publicly traded for at least a year, it said.

“Companies are analysed for a long series of performance measures, including revenue, profit, return on capital, share-price movements and outlook,” said Forbes Asia.

It said that the list excludes companies with too much debt or where the government owns at least half of the shares. 

“The result is the region’s best of the best,” it added. The full list is on its website as well as the latest issue of Forbes Asia.

IHH Healthcare closed one sen higher at RM5.93, giving it a market capitalisation of RM48.9 billion. Batu Kawan, on the other hand, was unchanged at RM18.20, with a market capitalisation of RM7.41 billion.

 

This article first appeared in The Edge Financial Daily, on July 24, 2015.

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