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Seven Malaysian companies make

it to Forbes Asia's Best Under A
Billion 2022 list
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KUALA LUMPUR (August 11): Seven Malaysian companies have Branded Content

made it to the Forbes Asia's Best Under A Billion 2022 list.

The annual list highlights 200 Asia-Paci c public companies

with less than US$1 billion in sales and consistent top- and
bottom-line growth.

The seven Malaysian companies are CE Technology, D&O Green

Technologies Bhd, Greatech Technology Bhd, Kim Loong
PETRONAS paving the way to net-zero carbon F
Resources Bhd, Tashin Holdings Bhd, UG Healthcare and ViTrox
emissions by 2050 L
Corp Bhd. t

In the list released on Tuesday (Aug 9), Forbes said that as Covid-
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Klang Nusantara
the new normal, this year’s annual Best Under A Billion list S ale S ale
Selangor
highlights the shift to discretionary spending. Puchong
South Ampang
S ale S ale
Bedrooms Budget
It said while healthcare and pharmaceutical-related companies Setia Eco
Park USJ Heights

Buy S ale
Rent S ale Search
were standouts last year, the post-pandemic return to daily life RM 750,000
has bene tted apparel makers, mall operators, restaurants, Puchong South Subang Jaya Sungai Buloh
S ale S ale S ale S aleNEWS S ale
consumer electronics and entertainment companies, among MBAM ba g s Na t iona l
Cheras Shah Alam Shah Alam OccupaPuchong
Segambut t iona l
Sa f e t y
others. S ale S ale S ale S alea nd He
Sa lt h Awa r d
ale
Setia
Alam/Alam
Kajang Shah Alam Keramat ShahNEWS
Alam Nusantara
Forbes said this year’s list includes 75 returnees from the prior Kha lid ple d g e s t o
r e solve housing issue s,
year, re ecting their resiliency in a fast-changing environment. a ba nd one d pr oje ct s in…

NEWS

Methodology
Forbes said the list is meant to identify companies with long-
term sustainable performance across a variety of metrics.

From a universe of 20,000 publicly traded companies in the

Asia-Paci c region with annual sales above US$10 million and
below US$1 billion, these 200 companies were selected.

The companies on the list, which is unranked, were selected

based on a composite score that incorporated their overall track
record in measures such as debt, sales and earnings-per-share
growth over both the most recent scal one- and three-year
periods, and the strongest one- and ve-year average returns on
equity.

Aside from quantitative criteria, qualitative screens were used as

well, such as excluding companies with serious governance
issues, questionable accounting, environmental concerns,
management issues or legal troubles.

State-controlled and subsidiaries of larger companies were also

excluded.

The criteria also ensured a geographic diversity of companies

from across the region.

The list uses full-year annual results, based on the latest publicly
available gures as of July 11, 2022.

Source: Forbes Asia

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