Asia-Pacific News

Asia's Fastest Growing Companies

Rajeshni Naidu-Ghelani and Deepanshu Bagchee|CNBC.com

Asia's Fastest Growing Companies

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 the world’s fastest growing region. Consumption in China is expected to drive that economy to grow 9 percent this year, compared to a 2.6 percent growth for the U.S. economy.That growth is helping companies a
Photo: Michael Hitoshi | Getty Images

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)

15. SK C&C (South Korea)

SK C&C is a global IT service provider with a market cap of $5.8 billion.The company was founded in 1991 and its headquarters are based in Seongnam City, in South Korea’s northern Gyeonggi province. Listed on the KOSPI Composite Index, SK C&C has operations in China, India, the U.S. and Middle East.Last year, the company’s U.S. division launched its mobile commerce business. In February, SK C&C forecast operating profits of $176 million for 2011.
Photo: Getty Images

Average Annual Growth: 146%
Industry: Technology

SK C&C is a global IT service provider with a market cap of $5.8 billion.

The company was founded in 1991 and its headquarters are based in Seongnam City, in South Korea’s northern Gyeonggi province. Listed on the KOSPI Composite Index, SK C&C has operations in China, India, the U.S. and Middle East.

Last year, the company’s U.S. division launched its mobile commerce business. In February, SK C&C forecast operating profits of $176 million for 2011.

14. NBB Investment (Vietnam)

NBB Investment Corporation is a development and construction company involved in real estate, infrastructure, mining and electricity production in Vietnam.The company has a market cap of $55 million and is part of Vietnam’s benchmark VN Index. Based in Ho Chi Minh City, NBB was founded in 2005. The company issued 2.6 million shares in a $10 million private placement last year.Spending in Vietnam’s construction sector is predicted to grow at a compound annual growth rate of 5.5 percent from $805
Photo: Hoang Dinh Nam | AFP | Getty Images

Average Annual Growth: 157%
Industry: Construction, Real Estate

NBB Investment Corporation is a development and construction company involved in real estate, infrastructure, mining and electricity production in Vietnam.

The company has a market cap of $55 million and is part of Vietnam’s benchmark VN Index. Based in Ho Chi Minh City, NBB was founded in 2005. The company issued 2.6 million shares in a $10 million private placement last year.

Spending in Vietnam’s construction sector is predicted to grow at a compound annual growth rate of 5.5 percent from $805 million in 2005 to $1.4 billion in 2015.

13. Mizuho Financial Group (Japan)

Mizuho Financial Group is Japan’s third largest bank.
Photo: AP Images

Average Annual Growth: 163%
Industry: Finance

Mizuho Financial Group is Japan’s third largest bank. Listed on the Tokyo and New York stock exchanges, the company has a market cap of $34 billion.

Last week, the group named Yasuhiro Sato its chief executive officer, and said it would combine three banking units to improve efficiency. The announcement was made after former CEO Saturo Nishibori said he would step down as head of the retail unit that saw malfunctions delay transactions worth more than $10 billion after Japan’s natural disasters. The systems failure caused a 13 percent drop in the company’s stock.

12. Logah Technology (Taiwan)

Logah Technology is a Taiwanese manufacturer of semiconductors for original equipment manufacturers (OEM) in Asia.Founded in 2003, the company is headquartered in Chupei City, Taiwan and has a 46,000 square meter production plant in Suzhou City, China.Listed on the Taiwan Stock Exchange, Logah has a market cap of $80 million. The company’s products include inverters, high-level power supply and display power supply for LCD televisions, monitors and notebook PCs.Disruptions in the supply of elect
Photo: Getty Images

Average Annual Growth: 169%
Industry: Technology

Logah Technology is a Taiwanese manufacturer of semiconductors for original equipment manufacturers (OEM) in Asia.

Founded in 2003, the company is headquartered in Chupei City, Taiwan and has a 46,000 square meter production plant in Suzhou City, China.

Listed on the Taiwan Stock Exchange, Logah has a market cap of $80 million. The company’s products include inverters, high-level power supply and display power supply for LCD televisions, monitors and notebook PCs.

Disruptions in the supply of electronic parts caused by the March earthquake and tsunami in Japan has curbed demand for semiconductors. In April, the company’s sales fell over 50 percent.

11. Beijing Homyear Real Estate Company (China)

Beijing Homyear Real Estate is a property management and development company based in Beijing. The company is listed on the benchmark Shanghai Composite Index, and has a market cap of $864 million.Founded in 1985, Beijing Homyear changed its name from Inner Mongolia Huaye Realestate in 2006. Earlier this month, the company announced that it’s entering the mining business by setting up a subsidiary to diversify its businesses.Despite fears of a property slowdown in China, Beijing Homyear has cont
Photo: AFP | Getty Images

Average Annual Growth: 173%
Industry: Real Estate

Beijing Homyear Real Estate is a property management and development company based in Beijing. The company is listed on the benchmark Shanghai Composite Index, and has a market cap of $864 million.

Founded in 1985, Beijing Homyear changed its name from Inner Mongolia Huaye Realestate in 2006. Earlier this month, the company announced that it’s entering the mining business by setting up a subsidiary to diversify its businesses.

Despite fears of a property slowdown in China, Beijing Homyear has continued to acquire land. The company bought three plots of land in the Tongzhou district of Beijing for a total of $358.5 million in February.

10. Join In Holding (China)

Join In Holding Company is a Chinese property development business based in Huangshi, in the southeastern Hubei province.Founded in 1990, the company changed its name from Hubei Tianhua Holding Company in 2008. With a market cap of $485 million, Join In Holding is listed on the Shanghai Composite Index. The stock trades at a PE of 56, compared to the Shanghai composite PE of 14.8. The company’s net income grew from $12.4 million in 2009 to $17.2 million in 2010.
Photo: Join In Holding Company

Average Annual Growth: 183%
Industry: Real Estate

Join In Holding Company is a Chinese property development business based in Huangshi, in the southeastern Hubei province.

Founded in 1990, the company changed its name from Hubei Tianhua Holding Company in 2008. With a market cap of $485 million, Join In Holding is listed on the Shanghai Composite Index. The stock trades at a PE of 56, compared to the Shanghai composite PE of 14.8.

The company’s net income grew from $12.4 million in 2009 to $17.2 million in 2010.

9. Young Fast Optoelectronics (Taiwan)

Young Fast Optoelectronics is Taiwan’s largest manufacturer of small to medium sized touch panel sensors.The company was founded in 1999 and has one factory each in Taiwan and Vietnam, and two factories in China. Young Fast has a market cap of $934 million and produces 12 million sensors a month.Listed on the Taiwan Stock Exchange, the company supplies touch sensors and touch modules to Taiwan Smartphone maker HTC, as well as South Korea’s LG Electronics and Samsung Electronics.
Photo: Getty Images

Average Annual Growth:188%
Industry: Technology

Young Fast Optoelectronics is Taiwan’s largest manufacturer of small to medium sized touch panel sensors.

The company was founded in 1999 and has one factory each in Taiwan and Vietnam, and two factories in China. Young Fast has a market cap of $934 million and produces 12 million sensors a month.

Listed on the Taiwan Stock Exchange, the company supplies touch sensors and touch modules to Taiwan Smartphone maker HTC, as well as South Korea’s LG Electronics and Samsung Electronics.

8. Ancora Indonesia Resources (Indonesia)

Ancora Indonesia Resources is a diversified natural resources company with interests in mining explosives, metals, and oil.The company, listed on the Jakarta Stock Exchange, has two subsidiaries — MNK, which is the only miner of ammonium nitrate in Indonesia, and Bormindo, which is involved in onshore oil drilling.Ancora is targeting revenue growth of 25 percent this year and has a market cap of $66.9 million.
Photo: Ancora Indonesia Resources

Average Annual Growth:201%
Industry: Natural Resources

Ancora Indonesia Resources is a diversified natural resources company with interests in mining explosives, metals, and oil.

The company, listed on the Jakarta Stock Exchange, has two subsidiaries — MNK, which is the only miner of ammonium nitrate in Indonesia, and Bormindo, which is involved in onshore oil drilling.

Ancora is targeting revenue growth of 25 percent this year and has a market cap of $66.9 million.

7. Paladin Energy (Australia)

Paladin Energy is Australia’s second largest uranium mining company, and has projects in Australia, Africa and Canada.With a market cap of $2.7 billion, the company is listed on three different stock exchanges around the world — the Australian Securities Exchange, the Toronto Stock Exchange and the Namibian Stock Exchange.Following Japan’s natural disaster in March, shares of uranium miners, including Paladin, dropped on fears that countries would delay nuclear power projects.Paladin has recorde
Photo: Paladin Energy

Average Annual Growth:216%
Industry: Natural Resources

Paladin Energy is Australia’s second largest uranium mining company, and has projects in Australia, Africa and Canada.

With a market cap of $2.7 billion, the company is listed on three different stock exchanges around the world — the Australian Securities Exchange, the Toronto Stock Exchange and the Namibian Stock Exchange.

Following Japan’s natural disaster in March, shares of uranium miners, including Paladin, dropped on fears that countries would delay nuclear power projects.

Paladin has recorded a 47 percent increase in production and a 31 percent increase in sales over the first nine-months of the current fiscal year compared with the same period a year ago.

6. Roc Oil (Australia)

Roc Oil is an Australian oil and gas company with a market cap of $284 million.The company was founded in 1997 and listed on the Australian Securities Exchange in 1999. Roc Oil is involved in exploration and production of crude oil and natural gas. The company has drilling operations in Australia, the U.K, Mauritania, Equatorial Guinea, Angola, China and New Zealand.It also has joint ventures with Chinese oil companies PetroChina and CNOOC, as well as with Malaysia’s Petronas and Indonesia’s Per
Photo: Roc Oil

Average Annual Growth:217 %
Industry: Natural Resources

Roc Oil is an Australian oil and gas company with a market cap of $284 million.

The company was founded in 1997 and listed on the Australian Securities Exchange in 1999. Roc Oil is involved in exploration and production of crude oil and natural gas. The company has drilling operations in Australia, the U.K, Mauritania, Equatorial Guinea, Angola, China and New Zealand.

It also has joint ventures with Chinese oil companies PetroChina and CNOOC, as well as with Malaysia’s Petronas and Indonesia’s Pertamina. Roc Oil posted 2010 revenues of $235.4 million.

5. Matahari Department Store (Indonesia)

Matahari Department Store (MDS) is the oldest and largest retail chain in Indonesia.Founded in 1958, the company has a total of 80 department stores, 39 hypermarkets, 29 supermarkets, 46 health and beauty stores and over 90 entertainment centres. The company has a 25 percent market share in Indonesia.In April 2010, private equity firm CVC Capital Partners acquired a 90 percent stake in MDS from Matahari Putra Prima for $839 million. The company is listed on the Jakarta Stock Exchange and has a m
Photo: Romeo Gacad | AFP | Getty Images

Average Annual Growth:230%
Industry: Retail

Matahari Department Store (MDS) is the oldest and largest retail chain in Indonesia.

Founded in 1958, the company has a total of 80 department stores, 39 hypermarkets, 29 supermarkets, 46 health and beauty stores and over 90 entertainment centres. The company has a 25 percent market share in Indonesia.

In April 2010, private equity firm CVC Capital Partners acquired a 90 percent stake in MDS from Matahari Putra Prima for $839 million. The company is listed on the Jakarta Stock Exchange and has a market cap of $868 million.

4. Aquila Resources (Australia)

Australian mining company Aquila Resources’ business is based on three natural resources — coal, iron ore and manganese.With a market cap of $3.3 billion, the company’s projects include mines in Australia, South Africa, Botswana and Indonesia.Strong demand from China has made Australia’s natural resources sector the biggest export earner. Australia is also China’s biggest supplier of iron ore and trade between the two nations is estimated to be worth $83 billion a year.
Photo: Aquila Resources

Average Annual Growth:308%
Industry: Natural Resources

Australian mining company Aquila Resources’ business is based on three natural resources — coal, iron ore and manganese.

With a market cap of $3.3 billion, the company’s projects include mines in Australia, South Africa, Botswana and Indonesia.

Strong demand from China has made Australia’s natural resources sector the biggest export earner. Australia is also China’s biggest supplier of iron ore and trade between the two nations is estimated to be worth $83 billion a year.

3. Truba Alam Manunggal Engineering (Indonesia)

Truba Alam Manunggal Engineering is an Indonesian contractor firm involved in energy, construction, engineering and infrastructure.The company was established in 2001 in Balikpapan, on the eastern coast of Borneo. Listed on the Jakarta Stock Exchange, Truba Alam has a market cap of $125 million.So far this year, its subsidiary Truba Jaya Engineering has won a total of $115 million in contracts, beating its 2010 target of $100 million.
Photo: Truba Alam Manunggal Engineering

Average Annual Growth:313 %
Industry: Construction, Energy

Truba Alam Manunggal Engineering is an Indonesian contractor firm involved in energy, construction, engineering and infrastructure.

The company was established in 2001 in Balikpapan, on the eastern coast of Borneo. Listed on the Jakarta Stock Exchange, Truba Alam has a market cap of $125 million.

So far this year, its subsidiary Truba Jaya Engineering has won a total of $115 million in contracts, beating its 2010 target of $100 million.

2. Fortescue Metals (Australia)

Fortescue Metals is Australia’s third largest miner of iron ore with a market cap of $21.2 billion.
Photo: Fortescue Metals

Average Annual Growth: 383%
Industry: Natural Resources

Fortescue Metals is Australia’s third largest miner of iron ore with a market cap of $21.2 billion.

Formed in 2003, the company shipped more than 27 million tones of iron ore to China in its first full year of operation. Australia is the world’s biggest iron ore exporter, accounting for 38 percent of global exports of the mineral.

Fortescue is based in Perth, and is listed on the Australian stock exchange.

In April, the company announced that it’s planning to seek a dual listing of its magnetite assets in Hong Kong before the end of 2011.

1. Heilongjiang InterChina Water (China)

Heilongjiang InterChina is a water treatment services provider in the Chinese provinces of Shanxi, Qinghai and Beijing.The company is listed on the Shanghai Stock Exchange and has a market cap of $854 million.In 2007, InterChina Water reached an agreement with the Beijing government to build 103 wastewater treatment plants in Hunan province.The company trades at a price-to-earnings ratio (PE) of 100 versus the Shanghai Composite’s PE of 14.8. InterChina Water posted a $6.5 million net profit in
Photo: Michael Rosenfeld | Getty Images

Average Annual Growth: 988%
Industry: Water Treatment

Heilongjiang InterChina is a water treatment services provider in the Chinese provinces of Shanxi, Qinghai and Beijing.

The company is listed on the Shanghai Stock Exchange and has a market cap of $854 million.

In 2007, InterChina Water reached an agreement with the Beijing government to build 103 wastewater treatment plants in Hunan province.

The company trades at a price-to-earnings ratio (PE) of 100 versus the Shanghai Composite’s PE of 14.8. InterChina Water posted a $6.5 million net profit in 2010, which was up 50 percent over the previous year. Revenues increased from $13 million in 2009 to $23.5 million in 2010.