Best Asian Companies 2005

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