Image Source: AsiaOne
SINGAPORE - Nine companies from Singapore have made it to Forbes Asia's inaugural Best Over A Billion list, which spotlights 200 top-performing listed companies across Asia-Pacific with revenues of US$1 billion (S$1.39 billion) or more. They are the Republic's Big Three banks - DBS Bank, OCBC Bank and United Overseas Bank - Wilmar International, CapitaLand, City Developments, Olam International, ASM Pacific Technology and Venture Corporation. The latest full-year revenues for the Singapore companies ranged from US$2.5 billion at ASM Pacific Technology to US$44.5 billion at Wilmar International, according to the list launched on Wednesday (Aug 28). From a pool of 3,200 listed firms in the region, candidates were evaluated on metrics such as their average five-year sales, operating income growth, return on capital, and projected growth over the next one to two years. Those with the highest composite score earned a place in the final tally of 200. The largest Singapore companies featured are DBS, OCBC and UOB, ranking 13th, 20th and 23rd respectively by market value within the Asia-Pacific.
Source: AsiaOne