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Two companies based in the Philippines are among Asia’s “fabulous” companies, according to Forbes Asia.
GT Capital Holdings and Jollibee Foods Corp. made it to the top 50 list, half of which are Chinese companies.
The George Ty-led GT Capital is engaged in power, auto, and real estate.
GT Capital had a market capitalization of USD$5.1 billion as of July 2015, and sales of about USD$3.2 billion.
“Securing its first spot on the list, the company saw its shares rise by nearly 45 percent over the past year while its revenue was up by more than a third last year. Strong auto sales at its subsidiary, Toyota Motor Philippines, was the main reason,” Forbes said.
Toyota is the Philippines’ market share leader with nearly 45 percent of the market.
The Tony Tan Caktiong-led Jollibee, on the other hand, made it to the Forbes list for the second time with sales of about USD$2.04 billion.
As of July 2015, Jollibee had a market capitalization of USD$4.5 billion. The company has 2,933 food establishments worldwide, with plans to open 330 new stores this year.
The Fab 50 companies list are selected from a pool of 1,116 publicly listed companies in the region with at least USD$3 billion in annual revenue or market capitalization.
Forbes said companies must be publicly traded for at least a year, and are analyzed for a long series of performance measures, including revenue, profits, return on capital, share-price movements and outlook.
The list excludes companies with too much debt or where the government owns at least half of the shares.
Forbes said the result of the analysis is the region’s “best of the best.”
Companies from China again dominated this year’s list, with 25 names.
It also boasts the list’s most valuable company, Tencent, now worth USD$176.5 billion, and its biggest, Lenovo, which generated USD$46.3 billion in revenue last year.
In the inaugural list 10 years ago, Japan produced the most companies with 12, and Australia was second, with 10.
This year, however, Japan only has one while no companies from Australia made the list.
This article has been re-published with permission from ABS-CBNnews.com.
