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More New Faces on Forbes Asia's "Best Under a Billion" 2010 List
Singapore, Sept. 2, 2010 — More companies are making their maiden appearance on Forbes Asia’s “Best Under A Billion” list thisyear. In all, one hundred and fifty-one firms are new on the list,compared with 136 last year, while 49 are returnees. Firms in information technology, healthcare and electronics sectors accountedfor close to half of the 200 companies on the list.

The annual “Best Under A Billion” list picks the top-performing 200 firms from closeto 13,000 publicly listed Asia-Pacific companies with actively traded shares and sales between US$5 million and $1 billion. Selection of the final 200 was based on earningsgrowth, sales growth, and shareholders’ return on equity in the past 12 months and over three years.

Among the new companies this year is Vinamilk from Vietnam, the first time that a firm from the Southeast Asian state has made the list. The company holds a one-third share of Vietnam’s dairy products market. It recently started work on a $120 million dairy plant, nearHo Chi Minh City, that is expected to be the biggest in Southeast Asia.

Also new faces from the Southeast Asian region are glove maker Hartalega Holdingsfrom Malaysia and MCS Steel from Thailand.

Asia’s economic giants China and India contributed their share of new entries as well.They include Chinese real estate brokerage firm E-house and Indian animated movie makerCompact Disc India.

Among the returning firms this year is Indian software company Micro Technologies.Also listed last year, its revenues soared 79% to $102 million compared with last year, while its net income went up from $14 million to $20 million.

Chinese internet search engine Baidu also returned to the list from last year with itsrevenue up from $462 million in 2009 to $651 million this year, while net earnings alsoincreased from $151 million to $217 million.

Another notable returnee is Thailand’s Dynasty Ceramic. During the political protestsin May that brought central Bangkok to a standstill, sales of tiles at the company’s 170 outlets increased 15% from the year before. Also, the firm’s stock price is up 90% over the past 12months. Its CEO Roongroj Saengsastra is featured in a profile story in the latest issue of Forbes Asia.

This year, China and Hong Kong have once again outdone the rest of Asia Pacific with the most number of small and midsize firms represented on the list. This is the thirdconsecutive year that both economies have dominated the list with seventy one firms makingthe cut, down from 78 last year.

India is in second place with 39 entries, 19 more than last year, thus making it the biggest gainer. More Indian companies made the list this year as the country is less open thanmany other Asian economies and was therefore less affected by the global downturn.

South Korea is in third position with 20 companies, followed by Taiwan with 19, andAustralia with 13. Japan, which produced 24 entries last year, has only two companies represented this year because of domestic economic woes. It ties with Pakistan and Sri Lanka,each with also two firms on the list.

The 200 winning companies will be honored at the Forbes Asia “Best Under A Billion” award ceremony and dinner in Hong Kong on November 23, 2010. The event’s host sponsor is Invest Hong Kong and presenting sponsor is SAP.

The “Best Under A Billion” list appears in the September issue of Forbes Asia, whichis available on newsstands now.For more information, visit

Economy No. of firms this year & last year

China & Hong Kong: 71 & 78
India 39 & 20
South Korea 20 &23
Taiwan19 & 16
Australia 13 & 18
Malaysia9 & 8
Thailand 9 & 5
Singapore 8 & 5
The Philippines 3 & 0
Japan2 & 24
Pakistan2 & 0
Sri Lanka 2 & 1
Indonesia 1 & 1
New Zealand 1 & 1
Vietnam1& 0
TOTAL 200 & 200

Forbes Media:
Forbes Media encompasses Forbes and, the #1 business site on the Web that reaches on averagemore than 18 million people monthly. The company publishes Forbes and Forbes Asia, which together reach aworldwide audience of more than 6 million readers. It also publishes ForbesLife and ForbesWoman magazines,in addition to licensee editions in China, Croatia, India, Indonesia, Israel, Korea, Latvia, Middle East, Poland, Romania, Russia, Slovakia and Turkey.

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