JG Summit only PH firm in Forbes Fab 50 list

ABS-CBN News

Posted at Aug 30 2012 10:34 AM | Updated as of Aug 31 2012 02:50 AM

MANILA, Philippines - Gokongwei-led conglomerate JG Summit was the only Philippine company included in Forbes Asia's Fabulous 50 list of the best publicly traded companies in Asia-Pacific.

Forbes Asia said this year's Fab 50 list "separates the merely good companies from the truly great ones."

JG Summit, which has interests in budget airline Cebu Pacific as well as banking, petrochemical, food manufacturing and real estate, returned to the Fab 50 list after making its debut last year.

"Its expected earnings-per-share growth of nearly 50% next year is the highest of the (Fab) 50.  Market cap grew by 38% over past 12 months," Forbes Asia said.

JG Summit's sales hit $2.8 billion, while its market value is at $5.4 billion.

The Fab 50 list was dominated by Chinese companies (23), followed by India (11) and South Korea (4). Australia, Hong Kong, Taiwan and Thailand each had 2 companies, while Japan, Malaysia,Philippines and Singapore each had 1 company on the list.

The Fab 50 companies were chosen from 1,295 companies that had at least $3 billion in annual revenue or market cap. Companies' revenue, earnings, return on capital, share-price movements and outlook were analyzed.

The full Fab 50 List can be found at www.forbes.com/fab50.