3 SMEs in Singapore make it to Forbes 'Best Under a Billion' list

[CityFarmer]

May be I didn't do my homework hard enough, my watch list doesn't contain the three SMEs... Time to re-look at them...

3 SMEs in Singapore make it to Forbes 'Best Under a Billion' list
24 Jul 2014 13:45
THREE Singapore small-and-medium-sized public companies have made it to Forbes Asia's 2014 'Best Under a Billion' list, which pays tribute to the best firms in the region with between US$5 million and US$1 billion in sales.

The number is down from seven last year, taking the Republic to second-last place in terms of entries, among 11 APAC countries.

Pakistan took the last spot this year, with just one company making the list.

The three Singapore companies are:

- Cogent Holdings, a transport and storage services firm, with US$90 million in sales and US$12 million in net income;

- Falcon Energy, an offshore oil and natural gas exploration company, with US$351 million in sales and US$61 million in net in and

- Hong Fok, a retail and residential property firm, with US$183 million in sales and US$285 million in net income.

According to Forbes Asia, the 2014 roster of the top stock-traded Asia-Pacific companies was again dominated by Greater China firms, with Taiwan showing a healthy jump to 31 entries from 26 last year.

From a universe of 17,000 companies, the candidates are screened on sales growth, earnings growth and return on equity in the past 12 months and over three years, said Forbes.

Source: Business Times Breaking News

[opmi]

"From a universe of 17,000 companies, the candidates are screened on sales growth, earnings growth and return on equity in the past 12 months and over three years, said Forbes."

can be down 60% last year, up 200% this year....may not be accurate.

[specuvestor]

May be I didn't do my homework hard enough, my watch list doesn't contain the three SMEs... Time to re-look at them...

May be it's a function of whether u believe in quant or just as a filter

[soros]

I am very surprised Hong Fok was included by Forbes . Their Hong Kong listed subsidiary " Winfoong 00063.hk) used to own 2 blocks of luxury apartments on Magazine Gap Road. The 2 properties inside an unlisted company were distributed to Winfoong shareholders and HK public minority shareholders had no choice but to sell out the unlisted shares at a low price.

[Greenrookie]

Don't look too much into the list.

foreland is once in the list, we all know what happen to the list.

It is purely quantitative criteria. iIRC

[CityFarmer]

It may not be a big deal to miss them after all...

I have not gone thru anyone of them in detail, no harm invest a little time into them.

There are existing threads for them, except Cogent Holdings.

[cfa]

Rather surprised to learn these three were '' gems '' by Forbes!