Nine Malaysian firms make it into Forbes Asia’s top 200 list
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Nine Malaysian firms make it into Forbes Asia’s top 200 list

By In News On August 9, 2023


KUALA LUMPUR: Frontken Corp Bhd, Greatech Technology Bhd, Thong Guan Industries Bhd and Harbour-Link Group Bhd are among nine Malaysian companies making this year’s list of Forbes Asia’s best publicly-traded small and medium firms.

According to Forbes Asia, the list recognises 200 Asia Pacific public enterprises with revenues under US$1 billion (about RM4.57 billion) that have displayed consistent growth in both their top and bottom lines.

The companies on this list, which is unranked, has been recognised as 200 small and midsized publicly traded companies in the region that outperformed despite stiff global headwinds like inflation and rising funding costs.

“The standouts are concentrated in chipmaking and related industries,” it said.

Forbes Asia said other top Malaysian performers on its list include companies delivering IT solutions that underpin the digital transformation of healthcare, logistics and manufacturing, and other industries.

They are Kim Loong Resources Corp Bhd, QES Group Bhd, Scicom (MSC) Bhd, Uchi Technologies Bhd and ViTrox Corp Bhd.

“Businesses that rely on consumer spending, such as restaurants, entertainment and sports, continued to see an uptick in sales as Covid-19 restrictions faded away. This year’s (overall) list includes 58 returnees from the previous year,” it added

News Source: https://www.nst.com.my/business/2023/08/940472/nine-malaysian-firms-make-it-forbes-asias-top-200-list


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