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2013 Asia's Fab 50

Businesses are being tested throughout the region. Three years of slowing growth, gyrating currencies and stock prices, and stagnation in the export markets of the U.S. and Europe all present challenges. Companies that are not only surviving but also shining in these times make up our ninth annual roster of Asia-Pacific’s best 50 big listed companies.

Some 20 Chinese companies make the list, down slightly from 23 last year. The mainland’s real estate sector is suffering, but the three property developers from last year’s Fab 50–China Vanke , Longfor Properties and Poly Real Estate Group–managed to find new markets and put together another winning year.

India produced 12 entries, up from 11 last year. We take a closer look at 2 of these–Asian Paints , here and Tata Consultancy Services , here. Three Indian drug companies grace this year’s list–Sun Pharmaceutical Industries and Dr. Reddy’s, which are returnees, and Lupin, a newcomer–showing the country’s pharma clout. One Indian company, HDFC Bank HDB +3.95%, has now made the list seven times, more than any other Fab 50 company this year.

Hong Kong put four companies on the list, the next highest number, and all four are newcomers: Wharf (Holdings), which started in 1886, and three casino companies–SJM Holdings , Galaxy Entertainment and Melco Crown Entertainment MPEL -0.49%–demonstrating the impact of Macau’s booming gambling industry.

Eighteen companies are debuting, including three from the Philippines–Alliance Global Group, Ayala and Jollibee Foods. Every country is represented except Japan, which also failed to boast a Fab 50 company in 2011. Two long-running Fab 50 companies didn’t answer the bell this year: Hong Kong’s Li & Fung and Noble Group had made the list seven times.

In terms of industry, technology companies once again dominated our list this year with nine representatives, down from 11 firms last year.  The consumer durables industry has the second most representatives with seven companies followed by real estate with five members.  An oil and company firm made the list for the first time since 2009.

Our Billionaires list is littered with executives and founders of these Asia Fab 50 companies, including Peter Woo, Zhang Shiping and Tsai Eng-Meng. A few of the billionaires are the wealthiest people in their respective countries. See our recently released 2013 Philippines Rich List to find the Philippines’ 50 wealthiest people. Andrew Tan (Alliance Global), doubled his wealth to $4.6 billion and is the third-richest person on the list. Jaime Zobel de Ayala, the sixth richest ($3.1 billion), is Chairman emeritus of Ayala Corp., Philippines’ oldest conglomerate.


Company Country Market Value ($B) Sales ($B) Industry

Advanced Info Service

Thailand 24.3 4.6 Technology

Alliance Global Group

Philippines 6.5 2.3 Conglomerate

Asian Paints

India 6.3 2.0 Chemicals

Axis Bank

India 7.3 6.3 Banking

Ayala Corp

Philippines 8.2 2.5 Real Estate


China 47.3 3.5 Technology

Bank Central Asia

Indonesia 21.5 3.8 Banking

Cheng Shin Rubber Industry

Taiwan 8.0 4.4 Consumer Durables

China Gas Holdings

China 5.1 2.7 Utilities

China Hongqiao Group

China 3.4 3.9 Materials

China Vanke

China 18.0 15.4 Real Estate

China ZhengTong Auto Services

China 1.2 4.4 Retailing


Thailand 10.2 6.1 Retailing


Australia 29.0 5.0 Drugs & Biotechnology


Singapore 0.6 4.3 Transportation

Dr. Reddy's Laboratories

India 5.7 2.1 Drugs & Biotechnology

ENN Energy Holdings

China 5.4 2.9 Utilities

Galaxy Entertainment Group

Hong Kong 23.3 7.3 Leisure

Geely Automobile Holdings

China 4.0 3.9 Consumer Durables

Great Wall Motor

China 19.3 6.6 Consumer Durables

Gree Electric Appliances

China 13.8 15.8 Consumer Durables

HCL Technologies

India 9.9 4.7 Technology


India 22.0 7.9 Banking

Henan Shuanghui Investment & Development

China 13.8 6.3 Food

Hengan International Group

China 13.7 2.4 Personal Products

Hisense Electric

China 2.6 4.0 Consumer Durables

Hyundai Glovis

South Korea 6.4 10.4 Transportation

Idea Cellular

India 8.7 4.1 Technology


India 39.3 5.8 Agriculture

Jollibee Foods

Philippines 4.2 1.7 Leisure

LG Household & Health Care

South Korea 7.6 3.5 Personal Products

Longfor Properties

China 9.3 4.4 Real Estate


India 5.5 1.8 Drugs & Biotechnology

Melco Crown Entertainment

Hong Kong 15.0 4.1 Leisure

Motherson Sumi Systems

India 2.0 4.7 Consumer Durables


South Korea 12.6 1.7 Technology


Taiwan 3.6 29.8 Technology

Poly Real Estate Group

China 12.6 9.6 Real Estate

Qingdao Haier

China 5.2 12.6 Consumer Durables

SapuraKencana Petroleum

Malaysia 6.8 2.2 Oil & Gas

SJM Holdings

Hong Kong 13.7 10.3 Leisure

Skyworth Digital Holdings

China 1.6 4.9 Technology

Sun Pharmaceutical Industries

India 16.6 2.1 Drugs & Biotechnology

Suzhou Gold Mantis Construction Decoration

China 4.8 2.1 Construction

Tata Consultancy Services

India 53.5 11.6 Technology

Tencent Holdings

China 87.2 7.0 Technology

Tingyi Holding

China 13.7 9.2 Food

Titan Industries

India 3.1 1.9 Retailing

Want Want China Holdings

China 17.7 3.4 Food

Wharf (Holdings)

Hong Kong 26.3 4.0 Real Estate