Best Asian Companies 2005

Methodology

Methodology

Best Asian companies 2005
Most convincing and coherent strategy
‘05 ‘04 Company Score Country Sector
1 — PTT 38 Thailand Oil and gas
2= 2 Philippine Long Distance 23 Philippines Telecoms
2= 1 IOI Corporation 23 Malaysia Conglomerates
4 — Taishin Financial Holdings 16 Taiwan Banking & finance
5 55= Infosys 15 India IT and software
6= 3= Genting 14 Malaysia Conglomerates
6= 14= MISC Malaysia 14 Malaysia Transport & shipping
8 — Bumrungrad Hospital 12 Thailand Pharmacueticals
9= — Keppel Corporation 11 Singapore Conglomerates
9= — Kasikorn Bank 11 Thailand Banking & finance
9= 3= Public Bank 11 Malaysia Banking & finance
12= — SP Setia 10 Malaysia Property
12= 33= Bharti Tele-ventures 10 India Telecoms
12= — Siam Cement 10 Thailand Construction
12= — Megaworld 10 Philippines Property
12= 14= Tata Consultancy Services 10 India IT and software
Most improved
‘05 ‘04 Company Score Country Sector
1 — PTT 29 Thailand Oil and gas
2 — Taishin Financial Holdings 15 Taiwan Banking & finance
3= 49= Satyam Computers 12 India IT and software
3= — Banco De Oro 12 Philippines Banking & finance
5 — Commerce Asset Holding 11 Malaysia Banking & finance
6 — Thai Oil 9 Thailand Oil and gas
7 5 IOI Corporation 8 Malaysia Conglomerates
8= — Megaworld 7 Philippines Property
8= — PetroChina 7 China Oil and gas
8= — ABS-CBN 7 Philippines Media
8= — China Resources Power 7 China Utilities
12= — UMW Holdings 6 Malaysia Conglomerates
12= 33= Tata Consultancy Services 6 India IT and software
12= — Thai Olefins 6 Thailand Petrochemicals
12= — Siam Cement 6 Thailand Construction
Most transparent accounts
‘05 ‘04 Company Score Country Sector
1 — PTT 28 Thailand Oil and gas
2 4 Public Bank 17 Malaysia Banking & finance
3 2= Philippine Long Distance 16 Philippines Telecoms
4 — Taishin Financial Holdings 15 Taiwan Banking & finance
5 — Siam Cement 13 Thailand Construction
6= 5 IOI Corporation 12 Malaysia Conglomerates
6= 2= Infosys 12 India IT and software
8 1 Tanjong 11 Malaysia Leisure
9= — Kasikorn Bank 9 Thailand Banking & finance
9= 8= Wipro Technologies 9 India IT and software
9= 8= Advanced Info Services 9 Thailand Telecoms
12 — CNOOC 8 Hong Kong Oil and gas
13= 8= Indosat 7 Indonesia Telecoms
13= 11= Maxis Communications 7 Malaysia IT and software
15 27= Bank of the Philippines 6 Philippines Banking & finance
16 — Manila Water Company 5 Philippines Utilities
Most accessible senior management
‘05 ‘04 Company Score Country Sector
1 — PTT 19 Thailand Oil and gas
2= — Taishin Financial Holdings 15 Taiwan Banking & finance
2= 2 Philippine Long Distance 15 Philippines Telecoms
4 — PLUS Expressways 9 Malaysia Transport & shipping
5= 6= Infosys 8 India IT and software
5= — Advanced Info Services 8 Thailand Telecoms
5= 10= Indosat 8 Indonesia Telecoms
8= — Thai Olefins 7 Thailand Petrochemicals
8= 32= CIMB 7 Malaysia Banking & finance
8= 15= Tata Consultancy Services 7 India IT and software
11= — Thai Electricity Generating Co 6 Thailand Utilities
11= 15= Wipro Technologies 6 India IT and software
11= 3 IOI Corporation 6 Malaysia Conglomerates
11= — Banpu 6 Thailand Utilities
11= — SP Setia 6 Malaysia Property
11= — IJM Corporation 6 Malaysia Conglomerates
17= 4 Public Bank 5 Malaysia Banking & finance
Best treatment of minority shareholders
‘05 ‘04 Company Score Country Sector
1 — Taishin Financial Holdings 12 Taiwan Banking & finance
2= 9= Philippine Long Distance 8 Philippines Telecoms
2= 3= Infosys 8 India IT and software
2= — Siam Cement 8 Thailand Construction
5= — IOI Corporation 7 Malaysia Conglomerates
5= — PTT 7 Thailand Oil and gas
5= 3= British American Tobacco 7 Malaysia Consumer goods
8= 1 Tanjong 6 Malaysia Leisure
8= 20= Berjaya Sports Toto 6 Malaysia Technology
10= — Banpu 5 Thailand Utilities
10= 6 Wipro Technologies 5 India IT and software
Most useful and informative website
‘05 ‘04 Company Score Country Sector
1 — PTT 26 Thailand Oil and gas
2 — Taishin Financial Holdings 15 Taiwan Banking & finance
3 — IJM Corporation 14 Malaysia Conglomerates
4 — Philippine Long Distance 13 Philippines Telecoms
5 — CNOOC 12 Hong Kong Oil and gas
6 — Siam Cement 10 Thailand Construction
7 — Banpu 9 Thailand Utilities
8 1 Infosys 8 India IT and software
9 22= Shin Corporation 7 Thailand Consumer goods
10= 5 IOI Corporation 6 Malaysia Conglomerates
10= 37= Advanced Info Services 6 Thailand Telecoms
Best newly listed
‘05 ‘04 Company Score Country Sector
1 — Thai Oil 20 Thailand Oil and gas
2 — Taishin Financial Holdings 16 Taiwan Banking & finance
3 — Manila Water Company 12 Philippines Utilities
4= — Carotech 11 Malaysia Chemicals
4= 3 Air Asia 11 Malaysia Airlines and aviation
6 7= Astro 6 Malaysia Media
Best small company
‘05 ‘04 Company Score Country Sector
1 — Taishin Financial Holdings 12 Taiwan Banking & finance
2= — Carotech 8 Malaysia Chemicals
2= — Thai Olefins 8 Thailand Petrochemicals
Most convincing and coherent strategy by country
China (excl. Hong Kong)
‘05 ‘04 Company Score Sector  
1 — China Resources Power 7 Utilities  
2 — China Mobile 6 Telecoms  
3 — Ping An Insurance 5 Insurance  
4= — China Merchant Bank 4 Banking and finance Banking and finance
4= — Datang Power 4 Utilities  
4= — Datang Telecom 4 Telecoms  
4= — Focus Media Holding 4 Media  
Hong Kong
‘05 ‘04 Company Score Sector
1= 8= Cheung Kong Infrastructure 7 Property
1= 3= Sun Hung Kai Properties 7 Property
1= 12= HSBC 7 Banking and finance
4= — Techtronic Industries 4 Consumer goods
4= — St Honore Holdings 4 Food, drink, tobacco
4= — Hutchison Telecommunications 4 Telecoms
4= — CLP Group 4 Utilities
India
‘05 ‘04 Company Score Score
1 3= Bharti Tele-ventures 21 Telecoms
2 1 Infosys 14 IT and software
3 3= Tata Consultancy Services 7 IT and software
4 9= HDFC Bank 6 Banking and finance
5 6= Reliance India 5 Telecoms
Indonesia
‘05 ‘04 Company Score Score
1 — Telkomsel 8 Telecoms
2 1 Indosat 6 Telecoms
3= 4= PT Astra International 4 Conglomerates
3= — PT Excelcomindo Pratama 4 Telecoms
Japan
‘05 ‘04 Company Score Score
1= — Mitsubishi UFJ Financial Group 4 Banking and finance
1= — DoCoMo 4 Telecoms
3 — Mizuho Bank 3 Banking and finance
4 — Nikko 2 Consumer goods
Korea
‘05 ‘04 Company Score Score
1 — Samsung Electronics 13 Consumer goods
2 — LG Philips 5 Technology
3= — Hyundai 4 Autos and auto parts
3= — Kookmin Bank 4 Banking and finance
3= — Posco 4 Construction
Malaysia
‘05 ‘04 Company Score Score
1 4 IOI Corporation 20 Conglomerates
2 6= MISC Malaysia 19Transport and shipping 19Transport and shipping
3 5 Genting 17 Conglomerates
4 10= Digi Technologies 11 IT and software
5= — YTL Corporation 10 Construction
5= 2= Public Bank 10 Banking and finance
Philippines
‘05 ‘04 Company Score Score
1 1 Philippine Long Distance 24 Telecoms
2 5= Megaworld 9 Property
3= — Ayala Land 6 Property
3= — Bank of the Philippines 6 Banking and finance
5 — Petron Corporation 5 Oil and gas
6 5= SM Prime Holdings 4 Property
7= — ICTSI 3 Transport, shipping
7= — Asia Brewery 3 Food, drink, tobacco
7= 7= Banco De Oro 3 Banking and finance
10 — Manila Water Company 2 Utilities
Singapore
‘05 ‘04 Company Score Score
1 1 Singapore Telecommunications 8 Telecoms
2 — CapitaLand 7 Property
3 — Keppel Corporation 5 Conglomerates
4= 2 Singapore Airlines 4 Airlines and aviation
4= — SembCorp Marine 4 Transport and shipping
4= 8= StarHub 4 Telecoms
4= — ComfortDelGro 4 Transport, shipping
4= 3 DBS Group 4 Banking and finance
4= — Olam International 4 Food, drink, tobacco
10 — Laryngeal Mask Company 3 Technology
Taiwan
‘05 ‘04 Company Score Score
1 — Taishin Financial Holdings 16 Banking and finance
2= 4= China Trust Commercial Bank 7 Banking and finance
2= — TSMC 7 Technology
4 — Hon Hai Precision Industry 4 Technology
5 — Cathay Financial 2 Banking and finance
Thailand
‘05 ‘04 Company Score Score
1 4= PTT 38 Oil and gas
2 — Siam Cement 15 Construction
3 — Kasikorn Bank 14 Banking and finance
4 — Bumrungrad Hospital 12 Pharmaceuticals
5 1 Advanced Info Services 11 Telecoms
6 3 Total Access Communications (TAC)10 Total Access Communications (TAC)10 Total Access Communications (TAC)10
By sector
Airlines and aviation
‘05 ‘04 Company Score Score
1 2= Singapore Airlines 17 Singapore
2 1 Air Asia 12 Malaysia
3 — Qantas 4 Australia
4 6= Cathay Pacific Airways 2 Hong Kong
Autos and auto parts
‘05 ‘04 Company Score Score
1 — Toyota Motor Company 12 Japan
2 — Thai Stanley Electric 11 Thailand
3= — Hyundai 8 Korea
3= — Somboon Advanced Technology 8 Thailand
5= 5 UMW Holdings 6 Malaysia
5= — Honda 6 Japan
5= — AAPICO Hitech 6 Thailand
Banking and financial
‘05 ‘04 Company Score Score
1 — Kasikorn Bank 21 Thailand
2 1 Public Bank 18 Malaysia
3 8= Banco De Oro 14 Philippines
4 — Siam Commercial Bank 12 Thailand
5 5= Bank of the Philippines 11 Philippines
6= 17= HSBC 10 Hong Kong
6= — Bangkok Bank 10 Thailand
8= 13= CIMB 7 Malaysia
8= 13= HDFC Bank 7 India
10 13= Commerce Asset Holding 6 Malaysia
Chemicals
‘05 ‘04 Company Score Country
1= — Meghmani Organics 4 India
1= — Thai Olefins 4 Thailand
1= — SK Corporation 4 Korea
4= — ATC 3 Thailand
4= — Titan Petrochemicals 3 Malaysia
4= — National Petrochemical 3 Thailand
Conglomerates
‘05 ‘04 Company Score Country
1 — Siam Cement 20 Thailand
2 — Keppel Corporation 12 Singapore
3= 1= Sime Darby 8 Malaysia
3= — ST Engineering 8 Singapore
5 1= Genting 7 Malaysia
Construction
‘05 ‘04 Company Score Country
1 3 IJM Corporation 18 Malaysia
2 — Siam Cement 12 Thailand
3 2 Gamuda 7 Malaysia
4= 4 Road Builder Malysia 4 Malaysia
4= — YTL Corporation 4 Malaysia
4= — WCT Engineering 4 Malaysia
4= — Shui On Group 4 Hong Kong
4= — EEI Corporation 4 Philippines
4= — Italian-Thai Development 4 Thailand
4= — IGM Corporation 4 Malaysia
Consumer goods
‘05 ‘04 Company Score Country
1 — Jollibee Foods Corporation 8 Philippines
2 3= British American Tobacco 7 Malaysia
3= — Li & Fung 4 Hong Kong
3= — VTech 4 Hong Kong
3= — OSIM 4 Singapore
3= — Oishi Group 4 Thailand
3= — LG Philips 4 Korea
Food drink and tobacco
‘05 ‘04 Company Score Country
1 — Oishi Group 15 Thailand
2 — Thai Union Frozen Products 7 Thailand
3 — Tipco Foods (Thailand) 6 Thailand
Gaming
‘05 ‘04 Company Score Country
1 2 Genting 19 Malaysia
2 1 Tanjong 9 Malaysia
3 5= Berjaya Sports Toto 8 Malaysia
4 3 Resorts World 7 Malaysia
5 — Tencent Holdings 4 China
Insurance
‘05 ‘04 Company Score Country
1 — Ping An Insurance 8 China
Iron and steel
‘05 ‘04 Company Score Country
1= — Hiap Teck Group 4 Malaysia
1= — Posco 4 Korea
3 — China Steel 3 Taiwan
IT/software
‘05 ‘04 Company Score Country
1 4 Infosys 15 India
2 1= Tata Consultancy Services 12 India
3 — Satyam Computers 7 India
4= — Fil-Hispano Holdings Corporation 4 Philippines
4= — Hana Microelectronics 4 China
4= — Taishin Financial Holdings 4 Taiwan
7 — Bharti Tele-ventures 2 India
Leisure
‘05 ‘04 Company Score Country
1= — Beijing Belle Transport Co 4 China
1= — Major Cineplex 4 Thailand
1= 2 Genting 4 Malaysia
4 3 Resorts World 3 Malaysia
5 4 Star Cruises 2 Hong Kong
Media
‘05 ‘04 Company Score Country
1 — ABS-CBN 8 Philippines
2= — MCOT Thailand 4 Thailand
2= 2= Astro 4 Malaysia
2= — Focus Media Holding 4 China
5 — ITV-Asia 3 Japan
Metals and mining
‘05 ‘04 Company Score Country
1 — Banpu 16 Thailand
2 — Lepanto Consolidated Mining 6 Philippines
3= — BHP Billiton 4 Malaysia
3= — Hiap Teck Group 4 Malaysia
3= — Semirara Mining Corp 4 Philippines
Oil and gas
‘05 ‘04 Company Score Country
1 — PTT 49 Thailand
2 5= Petron Corporation 16 Philippines
3 — CNOOC 13 Hong Kong
4= 1 Scomi Group 11 Malaysia
4= — Petronas 11 Malaysia
Petrochemicals
‘05 ‘04 Company Score Country
1 — Thai Olefins 20 Thailand
2 — National Petrochemical 9 Thailand
3 — Siam Cement 6 Thailand
4= — Aromatics (Thailand) 5 Thailand
4= — Formosa Plastics Corp 5 Taiwan
Pharmaceutical
‘05 ‘04 Company Score Country
1= — Pharmaniaga 4 Malaysia
1= 1 Ranbaxy 4 India
1= — Bumrungrad Hospital 4 Thailand
1= — Asia Pharm 4 Singapore
5= — Dr. Reddy’s Laboratories 3 India
5= — Hovid 3 China
Property
‘05 ‘04 Company Score Country
1 1 SP Setia 20 Malaysia
2 2= Megaworld 19 Philippines
3 — Land & Houses Public Company 15 Thailand
4 — LPN Development Public Company LPN Development Public Company Thailand
5 — Central Pattana 8 Thailand
6 2= Ayala Land 6 Philippines
7 — Asian Property Development 5 Thailand
Retail
‘05 ‘04 Company Score Country
1 — SM Prime Holdings 16 Philippines
2 — Big C Supercenter 12 Thailand
3 — SM Investments Corporation (SMIC)7 SM Investments Corporation (SMIC)7 Philippines
4= — Esprit 4 China
4= 1 Aeon 4 Hong Kong
Small caps
‘05 ‘04 Company Score Country
1 — UCHI Technologies 8 Malaysia
2 — Central Plaza Hotel 7 Thailand
3 — Megaworld 6 Philippines
Technology
‘05 ‘04 Company Score Country
1 — Taishin Financial Holdings 8 Taiwan
2= — Digi Technologies 4 Malaysia
2= — UCHI Technologies 4 Malaysia
2= 3= TSMC 4 Taiwan
2= — Samart Telecoms 4 Thailand
2= — Hana Microelectronics 4 China
2= 3= ASM Pacific Technology 4 Hong Kong
2= — Lenovo 4 China
Telecoms cellular
‘05 ‘04 Company Score Country
1 1= Advanced Info Services 27 Thailand
2 8= Total Access Communications 20 Thailand
3= 11 Digi Technologies 12 Malaysia
3= 6= Bharti Tele-ventures 12 India
5= — China Mobile 10 China
5= — Globe Telecom 10 Philippines
Telecoms fixed
‘05 ‘04 Company Score Country
1 6= Philippine Long Distance 24 Philippines
2 4= True Corporation 11 Thailand
3 — Thai Telephone (TT&T) 7 Thailand
4= — China Telecom 4 China
4= — Digi Technologies 4 Malaysia
4= 6= Indosat 4 Indonesia
4= — StarHub 4 Singapore
4= — Bharti Tele-ventures 4 India
9= — PT Telkom 3 Indonesia
9= — Shin Corporation 3 Thailand
9= 1 Singapore Telecommunications 3 Singapore
12 — Austar United Communications 2 Australia
Textiles
‘05 ‘04 Company Score Country
1 — Glorious Sun Group 4 Hong Kong
Transport and shipping
‘05 ‘04 Company Score Country
1 1 MISC Malaysia 26 Malaysia
2 — Singapore Airlines 11 Singapore
3 — Regional Container Lines 8 Thailand
4= — Precious Shipping 7 Thailand
4= — Neptune Orient Lines 7 Thailand
4= — Thai Airways 7 Thailand
Utilities
‘05 ‘04 Company Score Country
1 4= YTL Corporation 15 Malaysia
2 — Ratchaburi Electricity Generating 14 Thailand
3 — Thai Electricity Generating Co 11 Thailand
4 1 Malakoff 9 Malaysia
5 — Datang Power 7 China