These firms are ahead of the curve.
This year’s list shortlisted 200 companies from 20,000 publicly traded companies in the Asia-Pacific region. All of these have annual sales above $10 million but below $1 billion.
Three companies in the Philippines, belonging to the construction materials or financial services industries, have landed on the list. These are COL Financial Group, Crown Asia Chemicals, and Eagle Cement.
COL Financial Group is an online stock brokerage company, Crown Asia Chemicals manufactures plastic and synthetic resin products, and Eagle Cement produces and markets cement.
Of the three, Eagle Cement is the most valuable. This is in terms of sales ($434 million), net income ($122 million), and market value ($1.17 billion).
“As COVID-19 restrictions ease across the Asia-Pacific and people adapt to the new normal, this year’s annual Best Under A Billion list highlights the shift to discretionary spending. The post-pandemic return to daily life has benefitted apparel makers, mall operators, restaurants, consumer electronics, and entertainment companies, among others,” Forbes Asia wrote.