Many of you may have heard of Forbes, famed for their lists
of influential figures in the corporate and real world.
Now, Forbes Asia has come up with a new ranking list for Asian
nations- Best Over A Billion.
This is the first Best Over A Billion list by Forbes Asia.
An extension of the well-established Best Under A Billion, this new list recognises 200 best-performing companies in Asia Pacific (APAC) that generate revenues of at least US$1 BILLION (RM4.2 billion).
Guess what? SIX local companies made it on the list!
How were the companies selected?
Well, obviously companies with US$1 billion or more in revenue
for the 2018 financial year were selected.
Starting off with 3,200 APAC listed companies, the list was
whittled down to eliminate unprofitable companies, those with legal issues, debt
larger than capital and more.
Who are the 6 Malaysian companies?
1. Public Bank – US$5.053 billion sales
Set up as a â€˜bank for the publicâ€™ in 1966, Public Bank is now the THIRD largest bank in Malaysia and a formidable presence in the Southeast Asian market.
2. Batu Kawan – US$4.667 billion sales
One of the most well-known companies in Malaysia (especially amongst investors), Batu Kawan Berhad was incorporated in 1965.
It started off as a plantation companyÂ before diversifying into a mammoth investment holding company with assets in manufacturing, transportation and property.
3. Kuala Lumpur Kepong (KLK) – US$4.564 billion sales
Also started as a plantation company, KLK was actually founded in 1906 London for Malayan rubber and coffee plantations. The company then shifted its head office to KL in 1971 and incorporated in Malaysia in 1973.
KLK stands as one of the largest plantation companies in Malaysia,
focusing on palm oil and rubber. Itâ€™s also involved in chemical manufacturing
4. IHH Healthcare – US$2.854 billion sales
While a Malaysian company, IHH Healthcare is also present in 12 countries with 83 hospitals under its wing.
This is the healthcare company that owns the Gleneagles, Pantai and Amanjaya hospitals in Malaysia.
5. Press Metal Aluminium Holdings – US$2.273 billion
The Malaysian-based aluminium company has expanded from its humble beginnings as an aluminium extrusion company in 1986. The company is now the largest aluminium producer in South East Asia.
6. Hap Seng Consolidated – US$1.548 billion sales
The company found its roots as Hap Seng Co in 1946 Tawau, focusing on timber back then. The company then diversified, and the Group was incorporated in 1976.
It has now grown into a behemoth of plantations, property development and investment, credit financing, automotive, fertilizers trading and building materials.
Most of you would recognise Hap Seng Star – the famous Mercedes-Benz
dealership in Malaysia- and the long-established property developer in Sabah, Hap
In case youâ€™re wondering how our neighbours did, Singapore barely
beat us with 9 companies on the list while 11 Indonesian companies were featured
on the list.
She puts the pun in Punjabi. With a background in healthcare, lifestyle writing and memes, this lady's articles walk a fine line between pun-dai and pun-ishing.