Media_release_2009_Forbes_Asia_Fabulous_50_List

8/7/2019 Media_release_2009_Forbes_Asia_Fabulous_50_List

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News Release

CHINA AGAIN TOPSFORBES ASIAS FABULOUS 50 LIST

Singapore, 24 September 2009 China has again outdone the rest of Asia Pacific with the

most number of firms represented in Forbes Asias Fabulous 50, an annual list of 50 big-cap

and profitable firms in the region.

Sixteen companies from mainland China made the cut this year, compared with 13

last year and only five when the inaugural Fabulous 50 was published in 2005. The

mainlands fast growth continues to toss up hot new companies for the list. Out of 24

newcomers this year, nine are Chinese firms including Agile Property Holdings, Anhui

Conch Cement, Digital China Holdings and Tencent Holdings.

The mainland firms together with five from Taiwan and three from Hong Kong

account for almost half of the entries, giving Greater China the biggest regional

representation on the list.

The Fabulous 50 List appears in the October 5 issue of Forbes Asia, which is

available on the newsstands this week. Only companies with revenues or market

capitalization of at least US$3 billion, and a five-year record of operating profitability and

return on equity, are covered. Other criteria include long-term profitability, sales and earnings

growth, stock price appreciation, projected earnings, quality of management and

entrepreneurial skills.

Following closely behind China is India with 13 entries, compared with nine last year.

Most of the Indian firms were on the list previously except for four newcomers: Adani

Enterprises, Axis Bank, Jindal Steel & Power and Tata Consultancy Services.

Among the Indian firms returning to the list are Bharat Heavy Electricals, Larsen &

Toubro and Reliance Industries, all making their appearance for the fourth time, while

Infosys Technologies and Wipro have been on the list since its inception in 2005. Other

companies with similar staying power five years in a row are Australias BNP Billiton,


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Brambles and Woolworths, Hong Kongs Li & Fung and Taiwans Hon Hai Precision

Industry.

Taiwan moved up the ranking this year and is in third place with five companies on

the list, all of which are from the technology sector. The only new face among the five is

Siliconware Precision Industries, which assembles and tests semiconductors.

Japan and Australia are tied at fourth place with four companies each. The number of

Japanese firms making the list has dwindled over the years since the list started in 2005.

Japan topped the inaugural list with 13 firms but since then its entries have declined; a sign of

how its economy has stagnated.

Winners of the Fabulous 50 List will be honored at an award ceremony and dinner in

Hong Kong on December 3rd 2009. Invest Hong Kong is the Host Sponsor of the event.

For more information, visit www.forbes.com/fab50.


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FORBES ASIA FABULOUS 50 LIST

(BY MARKET AND IN ALPHABETICAL ORDER)

CHINA INDIA

AGILE PROPERTY HOLDINGS ADANI ENTERPRISESANGANG STEEL AXIS BANKANHUI CONCH CEMENT BHARAT HEAVY ELECTRICALSBYD BHARTI AIRTELCHINA VANKE HDFC BANKCITIC SECURITIES INFOSYS TECHNOLOGIESDIGITAL CHINA HOLDINGS JINDAL STEEL & POWERGREE ELECTRIC APPLIANCES LARSEN & TOUBROSAIC MOTOR MAHINDRA & MAHINDRA

SANY HEAVY INDUSTRY RELIANCE INDUSTRIESSUNING APPLIANCE TATA CONSULTANCY SERVICESTENCENT HOLDINGS TATA STEELTINGYI HOLDING WIPROWANT WANT CHINA HOLDINGSWUHAN IRON & STEELZTE

TAIWAN AUSTRALIA

ACER BHP BILLITONHON HAI PRECISION INDUSTRY BRAMBLES

HTC NEWCREST MININGSILICONWARE PRECISION INDUSTRIES WOOLWORTHSWISTRON

JAPAN HONG KONG

FAST RETAILING LI & FUNGHIS NOBLE GROUPKOMATSU TPV TECHNOLOGYSOFTBANK

SOUTH KOREA SINGAPORE

NHN OLAM INTERNATIONALSAMSUNG HEAVY INDUSTRIES

INDONESIA THAILAND

BANK RAKYAT INDONESIA PTT

- END -


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_________________________________________________________________________

Forbes Media:Forbes Media encompasses Forbes and Forbes.com, the #1 business site on the Web that reaches 18.6 million

people monthly. The company publishes Forbes and Forbes Asia, which together reach a worldwide audience ofmore than 5.4 million readers. It also publishes ForbesLife and ForbesWoman magazines, in addition to licenseeeditions in China, Croatia, India, Israel, Japan, Korea, Poland, Romania, Russia and Turkey. Other ForbesMedia Web sites are: ForbesTraveler.com; Investopedia.com; RealClearPolitics.com; RealClearMarkets.com;RealClearSports.com; and the Forbes.com Business and Finance Blog Network. Together with Forbes.com,these sites reach nearly 40 million business decision makers each month.

For media queries, please contact:

Catherine Ong Associates Pte Ltd

Catherine Ong Ann Lee

DID: +65 6327 6088 DID: +65 6327 6085

Mobile: +65 9697 0007 Mobile: +65 8182 9742Email: [email protected] Email: [email protected]

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