World | Asia

September 09, 2013

2013 Asia's Fab 50

Businesses are being tested throughout the region.

Three years of slowing growth, gyrating currencies and stock prices, and stagnation in the export markets of the U.S. and Europe all present challenges. Companies that are not only surviving but also shining in these times make up our ninth annual roster of Asia-Pacific’s best 50 big listed companies.

Some 20 Chinese companies make the list, down slightly from 23 last year. The mainland’s real estate sector is suffering, but the three property developers from last year’s Fab 50–China Vanke , Longfor Properties and Poly Real Estate Group–managed to find new markets and put together another winning year.
India produced 12 entries, up from 11 last year. We take a closer look at 2 of these–Asian Paints , here and Tata Consultancy Services , here. Three Indian drug companies grace this year’s list–Sun Pharmaceutical Industries and Dr. Reddy’s, which are returnees, and Lupin, a newcomer–showing the country’s pharma clout. One Indian company, HDFC Bank, has now made the list seven times, more than any other Fab 50 company this year.
Hong Kong put four companies on the list, the next highest number, and all four are newcomers: Wharf (Holdings), which started in 1886, and three casino companies–SJM Holdings , Galaxy Entertainment and Melco Crown Entertainment demonstrating the impact of Macau’s booming gambling industry.
Eighteen companies are debuting, including three from the Philippines–Alliance Global Group, Ayala and Jollibee Foods. Every country is represented except Japan, which also failed to boast a Fab 50 company in 2011. Two long-running Fab 50 companies didn’t answer the bell this year: Hong Kong’s Li & Fung and Noble Group had made the list seven times.
Click here for the full list of Asia’s Fab 50 Companies
In terms of industry, technology companies once again dominated our list this year with nine representatives, down from 11 firms last year.  The consumer durables industry has the second most representatives with seven companies followed by real estate with five members.  An oil and company firm made the list for the first time since 2009.
Our Billionaires list is littered with executives and founders of these Asia Fab 50 companies, including Peter Woo, Zhang Shiping and Tsai Eng-Meng. A few of the billionaires are the wealthiest people in their respective countries. See our recently released 2013 Philippines Rich List to find the Philippines’ 50 wealthiest people. Andrew Tan (Alliance Global), doubled his wealth to $4.6 billion and is the third-richest person on the list. Jaime Zobel de Ayala, the sixth richest ($3.1 billion), is Chairman emeritus of Ayala Corp., Philippines’ oldest conglomerate.

How do we pick these companies? We started with 1,220 that had at least $3 billion in annual revenue or market capitalization. We looked at each company’s track record for revenue, profits, return on capital and share-price movements, and then we sized up the outlook. If it had too much debt or the government owned at least half the shares, it was out.

These companies did not make the cut this year, but look out for them next year.
 

These are high performing Asian arms of Western multinationals.

 

Whole list

Company

Country

Market Value ($B)

Sales ($B)

Industry

Advanced Info Service

 

Thailand

24.3

4.6

Technology

Alliance Global Group

 

Philippines

6.5

2.3

Conglomerate

Asian Paints

 

India

6.3

2.0

Chemicals

Axis Bank

 

India

7.3

6.3

Banking

Ayala Corp

 

Philippines

8.2

2.5

Real Estate

Baidu

 

China

47.3

3.5

Technology

Bank Central Asia

 

Indonesia

21.5

3.8

Banking

Cheng Shin Rubber Industry

 

Taiwan

8.0

4.4

Consumer Durables

China Gas Holdings

 

China

5.1

2.7

Utilities

China Hongqiao Group

 

China

3.4

3.9

Materials

China Vanke

 

China

18.0

15.4

Real Estate

China ZhengTong Auto Services

 

China

1.2

4.4

Retailing

CP ALL

 

Thailand

10.2

6.1

Retailing

CSL

 

Australia

29.0

5.0

Drugs & Biotechnology

CWT

 

Singapore

0.6

4.3

Transportation

Dr. Reddy's Laboratories

 

India

5.7

2.1

Drugs & Biotechnology

ENN Energy Holdings

 

China

5.4

2.9

Utilities

Galaxy Entertainment Group

 

Hong Kong

23.3

7.3

Leisure

Geely Automobile Holdings

 

China

4.0

3.9

Consumer Durables

Great Wall Motor

 

China

19.3

6.6

Consumer Durables

Gree Electric Appliances

 

China

13.8

15.8

Consumer Durables

HCL Technologies

 

India

9.9

4.7

Technology

HDFC Bank

 

India

22.0

7.9

Banking

Henan Shuanghui Investment & Development

 

China

13.8

6.3

Food

Hengan International Group

 

China

13.7

2.4

Personal Products

Hisense Electric

 

China

2.6

4.0

Consumer Durables

Hyundai Glovis

 

South Korea

6.4

10.4

Transportation

Idea Cellular

 

India

8.7

4.1

Technology

ITC

 

India

39.3

5.8

Agriculture

Jollibee Foods

 

Philippines

4.2

1.7

Leisure

LG Household & Health Care

 

South Korea

7.6

3.5

Personal Products

Longfor Properties

 

China

9.3

4.4

Real Estate

Lupin

 

India

5.5

1.8

Drugs & Biotechnology

Melco Crown Entertainment

 

Hong Kong

15.0

4.1

Leisure

Motherson Sumi Systems

 

India

2.0

4.7

Consumer Durables

Naver*

 

South Korea

12.6

1.7

Technology

Pegatron

 

Taiwan

3.6

29.8

Technology

Poly Real Estate Group

 

China

12.6

9.6

Real Estate

Qingdao Haier

 

China

5.2

12.6

Consumer Durables

SapuraKencana Petroleum

 

Malaysia

6.8

2.2

Oil & Gas

SJM Holdings

 

Hong Kong

13.7

10.3

Leisure

Skyworth Digital Holdings

 

China

1.6

4.9

Technology

Sun Pharmaceutical Industries

 

India

16.6

2.1

Drugs & Biotechnology

Suzhou Gold Mantis Construction Decoration

 

China

4.8

2.1

Construction

Tata Consultancy Services

 

India

53.5

11.6

Technology

Tencent Holdings

 

China

87.2

7.0

Technology

Tingyi Holding

 

China

13.7

9.2

Food

Titan Industries

 

India

3.1

1.9

Retailing

Want Want China Holdings

 

China

17.7

3.4

Food

Wharf (Holdings)

 

Hong Kong

26.3

4.0

Real Estate

 

Text by Forbes
 

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