PETALING JAYA: Sixteen Malaysian companies have made it to Forbes Asia 2020 “Best Under A Billion” list, which recognises 200 top-performing small and mid-sized listed companies in the Asia Pacific.
The companies are AME Elite Consortium Bhd, C-Link Squared Ltd, Frontken Corp Bhd, Johore Tin Bhd, Kossan Rubber Industries Bhd, Lii Hen Industries Bhd, Magni-Tech Industries Bhd, Mi Technovation Bhd, OpenSys (M) Bhd, Oriental Interest Bhd, Pentamaster Corp Bhd, Revenue Group Bhd, Scientex Bhd, Sunsuria Bhd, Uchi Technologies Bhd and UWC Bhd.
There are 13 Main Market companies and two ACE Market companies (OpenSys and Revenue). C-Link is listed in Hong Kong.
The annual “Best Under A Billion” list spotlights 200 listed companies in the Asia-Pacific region with sales under US$1 billion (RM4.18 billion).
From a universe of 18,000 companies in the region, these companies have track records of exceptional corporate performance, with one Covid-19 caveat: the list is based on the latest available full-year annual results as of July 7, 2020, and so does not fully reflect the impact from the global pandemic-led recession.
Companies on the list have scored above their peers in a composite selection that incorporates their track record for debt, sales and earnings-per-share growth, measured over both the most recent one- and three-year fiscal periods, as well as their one- and five-year average returns on equity.
In addition to these quantitative criteria, qualitative screens were used, and companies with serious governance issues, questionable accounting, environmental concerns, management issues or legal troubles were excluded. The criteria ensured a geographic diversity of companies from across the region. Narrowed by this range of metrics, the final list of 200 is truly a select group.
At yesterday’s closing bell, the share prices of these companies were mostly up. AME Elite closed at RM1.63, C-Link HK$1.06, Frontken RM3.56, Johore Tin RM1.32, Kossan RM16, Lii Hen RM2.96, Magni-Tech RM2.07, Mi Technovation RM4.09, OpenSys 73.5 sen, Oriental Interest RM1.58, Pentamaster RM4.55, Revenue RM1.30, Scientex RM9.19, Sunsuria 39.5 sen, Uchi RM2.66 and UWC RM4.62.
