Forbes Asia’s 200 Best Under a Billion 2013



 FORBES ASIA’s, select 200 out of 15,000 stock-traded companies in Asia-Pacific with revenues between $5 million and $1 billion based on the following criteria: five-year average return on equity and pretax margin greater than 10%, positive sales and earnings per share growth for both the most recent fiscal one and three-year periods, debt less than 75% of shareholders’ equity, and a trading history of at least on year. The final list of 200 is not ranked.

Out of the 200, only 52 repeated from last year, although a dozen others returned to the BUB (Best Under a Billion) from lists previous to that. Of the 2013 group, four companies namely Hartalega Holdings, Mudajaya Group, Philweb & YGSoft—share the mark for longest BUB, which is four years.

There are 12 Malaysia companies listed. The table below is the full list of Forbes Asia 200 Best Under A Billion for 2012.

Name Country Sales (US $mil) Net Income (US $mil) Market Values ($US mil)
Cedar Woods Properties Australia 175 35 372
Decmil Group Australia 564 40 321
IMF Australia 121 44 210
Imdex Australia 276 47 153
Kingsgate Consolidated Australia 366 77 222
Lycopodium Australia 237 23 146
Maca Australia 343 39 265
Mineral Resources Australia 949 248 1570
REA Group Australia 285 89 3516
Silver Lake Resources Australia 139 32 152
Webjet Australia 59 14 309
51job China / Hong Kong 230 75 1950
AAC Technologies Holdings China / Hong Kong 998 280 5359
AVCON Information Technology China / Hong Kong 32 13 825
Anhui Jiangnan Chemical Industry China / Hong Kong 284 42 834
Anhui USTC iFlytek China / Hong Kong 124 29 3510
Anhui Zhongding Sealing Parts China / Hong Kong 540 83 1338
Beijing SJ Environmental Protection & New Material China / Hong Kong 129 29 1298
Beijing Shiji Information Technology China / Hong Kong 125 47 1495
Beijing Toread Outdoor Products China / Hong Kong 177 27 696
Beijing eGOVA China / Hong Kong 36 12 756
Biostime International Holdings China / Hong Kong 543 119 3001
BlueFocus Communication Group China / Hong Kong 346 38 2999
By-health China / Hong Kong 171 45 2766
China Biologic Products China / Hong Kong 187 46 698
China Green Agriculture China / Hong Kong 217 42 78
China Minzhong Food China / Hong Kong 404 107 578
DHC Software China / Hong Kong 558 91 2587
Dongguan Souyute Fashion China / Hong Kong 259 44 702
Dukang Distillers Holdings China / Hong Kong 287 332 319
EVE Energy China / Hong Kong 97 16 964
Fujian Septwolves Industry China / Hong Kong 557 90 867
Future Bright Holdings China / Hong Kong 83 31 169
Giant Interactive Group China / Hong Kong 341 158 1924
Glodon Software China / Hong Kong 163 50 1925
Greatview Aseptic Packaging China / Hong Kong 279 51 803
Guangdong Highsun Group China / Hong Kong 324 69 735
Guizhou Yibai Pharmaceutical China / Hong Kong 362 53 1942
Hangzhou Robam Appliances China / Hong Kong 315 43 1492
Hangzhou Songcheng Tourism Development China / Hong Kong 91 41 1535
He Bei Cheng De Lolo China / Hong Kong 343 36 1540
Jiangsu Hengrui Medicine China / Hong Kong 872 173 7211
Jiangsu Yuyue Medical Equipment & Supply China / Hong Kong 211 39 1831
Jiugui Liquor China / Hong Kong 235 80 935
Lee’s Pharmaceutical Holdings China / Hong Kong 69 15 425
Luolai Home Textile China / Hong Kong 437 61 822
Nanfang Pump Industry China / Hong Kong 168 19 595
Pax Global Technology China / Hong Kong 169 24 248
Quantum Hi-Tech Biological China / Hong Kong 38 6 202
Sa Sa International Holdings China / Hong Kong 988 106 2845
Shanghai Jahwa United China / Hong Kong 722 99 5053
Shanghai Kaibao Pharmaceutical China / Hong Kong 177 39 1228
Shenguan Holdings China / Hong Kong 265 120 1418
Shenzhen Fuanna Bedding & Furnishing China / Hong Kong 285 42 770
Shenzhen INVT Electric China / Hong Kong 118 15 430
Shenzhen Salubris Pharmaceuticals China / Hong Kong 294 102 3238
Sincere Watch China / Hong Kong 144 18 102
Soundwill Holdings China / Hong Kong 233 430 573
Sumavision Technologies China / Hong Kong 84 43 1190
Sunny Optical Technology Group China / Hong Kong 640 56 928
Suzhou Industrial Park Heshun Electric China / Hong Kong 44 8 230
Suzhou Jinfu New Material China / Hong Kong 315 23 791
Tianguang Fire-Fighting China / Hong Kong 67 22 606
Tianjin Chase Sun Pharmaceutical China / Hong Kong 197 37 3453
Vtron Technologies China / Hong Kong 192 54 1276
Walvax Biotechnology China / Hong Kong 86 37 1179
Xiamen Academy of Building Research Group China / Hong Kong 208 31 579
Xinghui Auto Model Co. China / Hong Kong 180 17 379
Xinyuan Real Estate China / Hong Kong 924 157 338
Yamada Green Resources China / Hong Kong 87 22 99
Yantai Jereh Oilfield Services Group China / Hong Kong 383 103 7043
YGSOFT China / Hong Kong 123 46 1144
Zhejiang Crystal-Optech China / Hong Kong 95 24 1245
Zhejiang Dahua Technology China / Hong Kong 567 112 7522
Accelya Kale Solutions India 39 7 137
Ajanta Pharma India 169 21 451
Dhanuka Agritech India 107 12 124
Eros International Media India 198 28 209
Hexaware Technologies India 356 60 537
Infinite Computer Solutions India 256 24 63
Jubilant FoodWorks India 260 24 1294
KPIT Cummins Infosystems India 412 37 424
La Opala RG India 28 4 72
MT Educare India 28 3 69
MindTree India 435 62 662
MT Educare India 28 3 69
Natco Pharma India 114 13 274
NIIT Technologies India 372 39 268
Persistent Systems India 238 35 353
RS Software India 59 7 29
Som Distilleries & Breweries India 37 4 135
Talwalkars Better Value Fitness India 28 6 59
TTK Prestige India 237 25 653
Vikas WSP India 525 63 44
Alam Sutera Realty Indonesia 254 124 1462
Bumi Serpong Damai Indonesia 387 134 2794
Bumitama Agri Indonesia 366 82 1375
Summarecon Agung Indonesia 359 83 1517
Arcland Service Japan 148 13 143
COOKPAD Japan 51 17 942
Endo Lighting Japan 424 72 423
[email protected] Communications Japan 167 19 591
GMO Payment Gateway Japan 61 12 374
GungHo Online Entertainment Japan 299 95 11368
Japan ERI Japan 118 8 102
Kakaku.com Japan 248 75 3752
Linical Japan 38 7 162
MonotaRO Japan 332 19 1621
Nihon M&A Center Japan 77 22 819
Poletowin Pitcrew Holdings Japan 119 10 244
SMS Japan 108 13 304
Software Service Japan 132 18 156
Start Today Japan 373 57 2325
WACOM Japan 650 51 1786
Weathernews Japan 129 17 251
CB Industrial Product Holdings Malaysia 170 78 246
Hartalega Holdings Malaysia 333 76 1524
JCY International Malaysia 733 140 480
Malaysia Building Society Malaysia 397 146 1557
Mudajaya Group Malaysia 541 78 463
Padini Holdings Malaysia 228 30 385
Pintaras Jaya Malaysia 58 11 122
Silverlake Axis Malaysia 129 52 1348
Tambun Indah Land Malaysia 97 13 139
Wellcall Holdings Malaysia 50 8 100
Willowglen MSC Malaysia 27 5 42
Zhulian Malaysia 148 39 461
Murree Brewery Pakistan 39 6 60
National Foods Pakistan 76 6 169
Pakistan Reinsurance Pakistan 52 11 75
Philweb Philippines 36 27 480
Baker Technology Singapore 80 68 160
First Resources Singapore 585 230 2153
Memstar Technology Singapore 145 48 193
Miclyn Express Offshore Singapore 267 65 475
Sino Grandness Food Industry Group Singapore 265 47 351
Super Group Singapore 425 65 2094
Wee Hur Holdings Singapore 381 78 236
Able C&C South Korea 422 39 377
Celltrion South Korea 327 164 3885
Com2uS South Korea 72 19 289
Duksan Hi-Metal South Korea 134 39 561
EO Technics South Korea 178 26 466
Eugene Technology South Korea 157 47 373
Gamevil South Korea 66 21 354
INFOvine South Korea 15 9 66
Infobank South Korea 81 15 56
Jahwa Electronics South Korea 306 40 292
Medy-Tox South Korea 34 15 537
Mode Tour Network South Korea 129 17 333
Partron South Korea 816 68 753
S.M. Entertainment South Korea 225 38 660
Silla South Korea 409 65 420
Soulbrain South Korea 620 69 655
Suprema South Korea 51 16 305
TVLogic South Korea 27 6 33
Capella Microsystems Taiwan 79 20 203
Chong Hong Construction Taiwan 310 181 998
Cleanaway Taiwan 90 50 783
Eclat Textile Taiwan 467 62 2110
Elan Microelectronics Taiwan 254 40 754
Flexium Interconnect Taiwan 382 59 659
GeoVision Taiwan 69 17 289
Grape King Taiwan 159 21 501
Inmax Holding Taiwan 23 2 25
JSW Pacific Taiwan 43 4 54
Kintech Electronics Taiwan 36 5 51
LARGAN Precision Taiwan 691 192 3889
Ledlink Optics Taiwan 31 5 106
Lungyen Life Service Taiwan 167 70 1237
LuxNet Taiwan 74 6 79
Merida Industry Taiwan 839 80 1981
Parade Technologies Taiwan 165 44 402
Pro-Hawk Taiwan 31 5 79
Sun Fon Construction Taiwan 30 13 130
Test Research Taiwan 191 49 339
Truelight Taiwan 75 7 70
UDE Taiwan 133 15 157
Viking Tech Taiwan 41 6 73
Vivotek Taiwan 119 20 321
Wowprime Taiwan 424 36 1027
Yungshin Construction & Development Taiwan 143 75 418
Aikchol Hospital Thailand 41 6 120
BEC World Thailand 487 156 4093
Malee Sampran Thailand 201 21 161
Master Ad Thailand 24 5 82
Premier Marketing Thailand 127 13 197
Robinson Department Store Thailand 707 67 2067
Sahamit Machinery Thailand 90 10 95
Workpoint Entertainment Thailand 70 13 315
Binh Dinh Minerals Vietnam 16 4 31
Dinh Vu Port Investment & Development Vietnam 23 9 65
Education Book JSC in Hanoi City Vietnam 7 1 4
National Seed Vietnam 26 4 38
Ninh Hoa Sugar Vietnam 45 4 18
Pan Pacific Vietnam 14 4 17
Sea & Air Freight International Vietnam 16 2 8
Southern Seed Vietnam 22 3 28
Vegetable Oil Packing Vietnam 17 2 12
Vietnam Container Shipping Vietnam 37 11 52


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