Asia’s best managed companies 2008: China leads the pack
Finding the best companies in Asia is becoming a case of deciding which ones are best placed in their exposure to its main growth market. Profits equal plaudits for our investors, as Jethro Wookey finds out.
SELECTING THE BEST company in Asia has never been an exact science. As the region’s main growth area moves away from export industries and increasingly towards service-based and consumer-driven markets, the performance of companies across a broad range of industry sectors reflects that trend. Although some will find their growth rates slowing and profitability harder to come by, others will benefit from increased demand and liquidity. Regional factors also enter the equation. The ever-swelling force of China is being felt across Asia and worldwide. Companies with a strong presence in China are feeling the benefits over those that lack it. The erupting numbers of technology users are providing a boon to those telecoms companies quick on the uptake, while the swiftly growing demand for housing and office space provides ample opportunity for property firms to get their fill.