Forbes Asia has published its annual list of Asia’s Feb 50 firms for this year. The companies in this list are selected from publicly-traded companies. Here is the selection criteria from the Forbes article:

The Fab 50 is chosen from a pool of 1,300 companies in the region that have at least $3 billion in market cap or annual revenue. Since only public companies are considered, hot privately held outfits such as Alibaba Group and Huawei Technologies are out. We screen for a long series of performance measures, analyze the outlook for each company and throw out any that carry a lot of debt or are more than 50% state-owned. Companies that are more than 50% owned by listed parents are also culled. The result is the region’s best of the best.

The Top 10 Firms by Market Capitalization are shown in the graph below:

Click to enlarge

Source: 2014 Fab 50: Asia’s Tech Takes Over The World, Forbes Asia

The following table shows the complete list of Asia’s Feb 50 for 2014:

Some observations on this list:

• China dominates the list with 15 firms followed by India with 12.
• China’s Tencent Holdings (TCEHY) is the topper in terms of market capitalization with almost double the market cap of next topper Tata Consultancy Services of India.
• Overall this ranking is dominated by tech firms underscoring the growing power of Asian tech firms in the global marketplace.
• India’s second largest private-sector bank HDFC bank, (HDB) has appeared eight times in this list since Forbes started compiling it in 2005.

Disclosure: No Positions