To arrive at the Fab 50, Forbes starts with a pool of 1,744 publicly traded companies that have at least $2 billion in annual revenue and have been listed for at least a year.
It then knocks out companies that are losing money or whose revenue is less than it was five years ago.
Next it toss out companies carrying long-term debt that's equal to more than half their total capital, or that have more than 50% state ownership. The goal is to highlight well-run entrepreneurial outfits.
Companies that are more than 50%-owned by listed parents are also culled.
Finally Forbes run the remaining contenders through a battery of more than a dozen financial measures.
The goal is an honor roll of high-performing blue chips, the region's best of the best.
Herewith is the extraction from the full list, the Southeast Asian entrepreneurial companies who did well in this field:
1. BATU KAWAN (MALAYSIA)
MARKET CAPITALIZATION: $1.7B
CEO: Hau Hian Lee
SALES: $5 billion
Batu Kawan Bhd. is an investment holding company, which engages in chemical manufacturing, transportation, property investment, and plantations businesses.
It operates through the following business segments: Plantation, Manufacturing, Property Development, and Investment Holding & Others.
The Plantation segment cultivates and processes palm and rubber products, and refines palm products. The Manufacturing segment focuses on the manufacturing of oleochemicals, soap noodles, industrial amides, fatty amines, cationic surfactants, rubber gloves, parquet flooring products, pharmaceutical products, non-ionic surfactants and esters, biofuel, chlor-alkali, and sulphur based chemicals; transportation services; and storing and distribution of bulk liquid.
The Property Development segment develops residential and commercial properties. The Investment Holding & Others segment involves in placement of deposits with licensed banks; investment in fixed income trust funds; investment in quoted and unquoted corporations; letting out of office space and car parks; cereal and sheep farming; management services; and money lending.
The company was founded on December 9, 1965 and is headquartered in Ipoh, the capital city of Malaysia's Perak state.
2. PRESS METAL ALUMINIUM HOLDINGS (MALAYSIA)
MARKET CAPITALIZATION: $4.7 billion
SALES: $2 billion
Press Metal Aluminium Holdings Bhd. provides investment holdings in aluminum production. Its products include fully integrated operations, aluminium ingots& billets, international markets, bronze colour finishing, fabrication, fluorocarbon, mill finish, natural anodized finish, polishing, powder coating, and wood grain.
The company was founded in 1986 and is headquartered in Shah Alam, Malaysia.
3. MOBILE WORLD INVESTMENT (VIETNAM)
MARKET CAPITALIZATION: $1.7 billion
SALES: $2.9 billion
Mobile World Investment Corp. provides trading, repair, and maintenance services of phones, cameras, household appliances, and information technology, digital, and electronic equipment.
The company was founded on January 16, 2009 by Tai Duc Nguyen, Quan Le Tran and Hai Trieu Chinh Dieu, and is headquartered in Binh Duong, Vietnam.
MARKET CAPITALIZATION: $14.4 billion
SALES: $4.6 billion
Vingroup JSC is engaged in the construction of retail outlets, commercial offices, and residential units; and the provision of entertainment services. Its products and services include real estate, tourism & hotel, healthcare services, fitness and beauty care.
The company was founded by Vuong Nhat Pham on May 3, 2002 and is headquartered in Hanoi, Vietnam.
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