AUB, two other PH firms on ‘Forbes’ under-$1B list

Forbes Asia has included three Philippine companies — a thrift bank, a plastics manufacturer and an energy firm — in its annual Best Under A Billion 2020 list that features 200 listed small and medium businesses in Asia and the Pacific with less than $1 billion in revenues.

Data from the webside of the region-wide business magazine on Tuesday identified the three as Asia United Bank Corp. (AUB), Crown Asia Chemicals Corp. and Vivant Corp.

AUB has $319 million in sales, $86 million in net income and $461 million in market value, according to Forbes Asia.

Crown Asia Chemicals has $28 million in sales, $3 million in net income and $24 million in market value; and Vivant has $70 million in sales, $45 million in net income and $279 million in market value.

Forbes Asia said the firms on the list did not reflect the impact of the pandemic.

“These companies have track records of exceptional corporate performance, with one Covid-19 (coronavirus disease 2019) caveat — the list is based on full-year data as of July 7 and does not fully reflect the impact from the pandemic-led downturn,” it explained.

The companies on the list scored above their peers in a composite ranking, which includes their track record for debt, sales and earnings-per-share growth, and one-and five-year average returns on equity.

Firms with serious governance issues, questionable accounting, environmental concerns, management issues or legal troubles were excluded.

The full list can be accessed at forbes.com/bub.

AUB shares increased by 5 centavos or 0.11 percent to close at P45.05 each and Crown Asia Chemicals shares added 7 centavos or 3.74 percent to end at P1.94 apiece on Wednesday.

Source: TheManila Times