Asia’s Fabulous 50 Companies For 2014

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:

S.No.CompanyCountryMarket Value ($B)Sales ($B)Industry
1Advanced Semiconductor EngineeringTaiwan9.87.4Semiconductors
2Asian PaintsIndia9.82.1Industrial Specialties
3Avago TechnologiesSingapore192.5Semiconductors
4Axis BankIndia15.36.4Regional Banks
5Ayala CorporationPhilippines9.73.2Financial Conglomerates
6BaiduChina76.85.2Internet Software/Services
7China Gas HoldingsHong Kong9.43.4Gas Distributors
8China Hongqiao GroupChina4.84.8Aluminum
9China Zhengtong Auto ServicesHong Kong1.24.9Specialty Stores
10Chow Tai Fook JewelleryHong Kong14.510Other Consumer Specialties
11CJ CheiljedangSouth Korea4.69.9Food: Major Diversified
12CP AllThailand12.98.9Food Retail
14Dongbu InsuranceSouth Korea4.29Property/Casualty Insurance
15ENN Energy HoldingsHong Kong83.7Gas Distributors
16Galaxy EntertainmentHong Kong32.88.5Casinos/Gaming
17Great Wall MotorChina14.48.9Motor Vehicles
18Gree Electric AppliancesChina14.519.4Electronics/Appliances
19HCL TechnologiesIndia17.55.4Information Technology Services
20HDFC Bank LimitedIndia338.4Regional Banks
21Hyundai GlovisSouth Korea11.211.8Air Freight/Couriers
22Hyundai Marine & FireSouth Korea2.79.4Property/Casualty Insurance
23IHH HealthcareMalaysia12.62.1Hospital/Nursing Management
24Indorama VenturesThailand47.5Chemicals: Specialty
25LenovoChina15.738.7Computer Processing Hardware
26Lotte ChemicalSouth Korea5.615Chemicals: Specialty
27LupinIndia8.91.9Pharmaceuticals: Generic
28Mahindra & MahindraIndia13.411.1Motor Vehicles
29Melco Crown Entertainment LimitedHong Kong16.15.1Casinos/Gaming
30Motherson Sumi SystemsIndia5.15Auto Parts: OEM
31NaverSouth Korea25.72.1Internet Software/Services
32New Hope LiuheChina4.211.3Agricultural Commodities/Milling
33Origin EnergyAustralia14.515Electric Utilities
34Sumber Alfaria TrijayaIndonesia1.63.4Food Retail
35Qingdao HaierChina814Electronics/Appliances
36Ramsay Health CareAustralia9.34.2Hospital/Nursing Management
37SapuraKencana PetroleumMalaysia7.82.6Oilfield Services/Equipment
38Sun Pharma IndustriesIndia27.82.7Pharmaceuticals: Major
39Suntory Beverage & FoodJapan1211.5Beverages: Non-Alcoholic
40Suzhou Gold Mantis Construction DecorationChina4.62.9Engineering & Construction
41Tasly Pharmaceutical GroupChina6.71.8Pharmaceuticals: Major
42Tata Consultancy ServicesIndia80.113.5Information Technology Services
43Tata MotorsIndia25.138.2Motor Vehicles
44Tech MahindraIndia8.53.1Information Technology Services
45Tencent HoldingsChina155.69.8Internet Software/Services
46TitanIndia5.11.8Other Consumer Specialties
47UnicharmJapan13.96Household/Personal Care
48Zhejiang Chint ElectricsChina4.21.9Electrical Products
49Zhengzhou Yutong BusChina3.93.6Motor Vehicles
50Zhongsheng Group HoldingsChina2.78.5Specialty Stores


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

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