13 Malaysian companies in Forbes Global 2000 list

PETALING JAYA: Thirteen malaysian companies made it into the 16th annual Forbes Global 2000 list which includes publicly traded companies from 60 countries.

The companies are judged based on four metrics, sales, profits, assets and market value.

Malaysian entrants were led by Malayan Banking Bhd, ranked 394 and ended with AmBank group which was ranked 1911.

Tenaga Nasional Bhd, CIMB Group Holdings Bhd, Public Bank Bhd, Petronas Chemicals Group Bhd, RHB Bank Bhd, Axiata Group Bhd, Sime Darby Bhd, Hong Leong Financial Group Bhd, Sime Darby Plantation Bhd, Maxis Bhd, and Genting Bhd were also named in the list.

Collectively, the companies on this year's list account for US$39.1 trillion in sales, US$3.2 trillion in profit, US$189 trillion in assets and US$56.8 trillion in market value. All metrics are up double-digits year-over-year, with profits up an impressive 28%.

For the first time since 2015, China and the US split the top 10 evenly this year. China is home to 291 Global 2000 companies while the US is on top with 560.

The US however still dominates in terms of the amount of companies on the overall list, boasting almost 30% of the total. China and Hong Kong’s 291 companies are up from 262 in 2017. On the inaugural list in 2003, there were just 43 companies from China-Hong Kong. Meanwhile, Japan, the United Kingdom and South Korea also broke into the top five countries with the most companies.

The world's most valuable company was judged to be China's banking group Industrial & Commercial Bank of China Ltd, with a market capitalisation of US$311 billion and sales of US$165 billion. Two other banks, namely China Construction Bank and Agricultural China Bank occupied the top five spots, while the US' JP Morgan Chase Co and Warren Buffet-led investment services firm Berkshire Hathway Inc, were placed third and fourth in terms of value.