Economists are growing increasingly alarmed about a slowdown in Asia. India’s economy posted its slowest growth in 5 quarters between January and March and Goldman Sachs has cut its growth forecast for 2011 for Asia ex-Japan to 7.8% from 8.2% previously.
But despite the lower growth, Asia is still the world’s fastest growing region. Companies across the region are continuing to post outstanding sales increases, from mining companies in Australia to consumer stocks in Southeast Asia.
We’ve put together a list of Asia-Pacific’s 15 fastest growing companies based on average annual revenue growth. In order to ensure the growth wasn’t a one-off phenomenon we used 5-year compound annual growth rate (CAGR) data from Reuters between 2005 and 2010.
We also limited it to companies listed on the benchmark indexes in major Asia-Pacific markets with a market cap over $50 million in order to ensure the shares were accessible and liquid.
Click ahead to see which companies made the mark.
By Rajeshni Naidu-Ghelani & Deepanshu Bagchee
(Posted: June 1, 2011)