Forbes Asia has just released this year’s Best Under A Billion list, and it has been revealed that nine Malaysian companies have made it onto the prestigious listing.
The Best Under A Billion list recognises 200 small and mid-sized publicly traded companies in the region that outperformed despite stiff global headwinds like inflation and rising funding costs.
Companies that display consistent growth
Malaysian companies that earned their place on the list are:
- Frontken Corp Bhd
- Greatech Technology Bhd
- Harbour-Link Group Bhd
- Kim Loong Resources Corp Bhd
- QES Group Bhd, Scicom (MSC) Bhd
- Thong Guan Industries Bhd
- Uchi Technologies Bhd
- ViTrox Corp Bhd
The list recognizes 200 Asia-Pacific public enterprises with revenues under US$1 billion (approximately RM4.57 billion). These companies have also displayed consistent growth in both their top and bottom lines.
Making it on to this list is no small feat. As such, the fact that nine Malaysian companies managed to make the cut is a testament to their dedication to push the envelope amidst the current difficult economic climate.
Chipmaking industries dominate
Forbes Asia also mentioned that the standouts of this year’s list are concentrated in chipmaking and related industries. This is due to the continued increase in demand for semiconductors that are found in everyday items that we may take for granted, such as smartphones, appliances and cars.
Other top performers on the list included companies delivering IT solutions. These business providers form the foundation of digital transformation in healthcare, logistics and manufacturing, and other industries.
It was also mentioned that businesses and establishments such as restaurants, sports, and entertainment have seen an overall upwards trend as they begin to recover from the massive hit taken during the global COVID-19 pandemic.
