SIX Singapore companies have made it to Forbes Asia's "Best Under a Billion" list this year, three more than in 2014.
The six companies are Cordlife Group, Hock Lian Seng, Pacific Century Regional Developments, Q&M Dental Group, Silverlake Axis and Wee Hur.
The "Best Under A Billion" list honours 200 leading public companies in the Asia-Pacific region with annual revenue of between US$5 million and US$1 billion, having positive net income and having been publicly traded for at least a year. From a universe of 17,000 companies, the candidates are screened on sales growth and earnings growth in the past 12 months and over three years, and for the strongest five-year return on equity. Of the 200 companies, 123 are new to the list.
This year, China and Hong Kong topped the list with a total of 84 companies, one down from last year. The second largest group of companies on the list came from Taiwan - this year, five more companies made it to the list, bringing the total to 36.
Elsewhere in the region, South Korea is third on the list with 17 companies, up from 12 last year. India and Malaysia both have 11 companies on the list while Australia has nine companies. This year, Japan dropped out of the top five countries, with only eight companies compared to 15 last year.