MANILA, Philippines - Lopez Holdings Corp., the parent company of multimedia conglomerate ABS-CBN Broadcasting Corp. and First Philippine Holdings Corp., is one of 3 Philippine companies included in Forbes Asia's "Best Under a Billion" list for 2010.
Lopez Holdings, which has an estimated market value of $529 million and sales of $538 million, according to Forbes, joined Pacific Online Systems Corp., which leases gaming equipment and sells tickets for the national lotto; and Philweb Corp., which provides online gambling services to the public.
Estimated market values of Pacific Online and Philweb stand at $64 million and $432 million, respectively, Forbes said.
The annual "Best Under A Billion" list picks the top-performing 200 firms from close to 13,000 publicly listed Asia-Pacific companies with actively traded shares and sales between $5 million and $1 billion. Selection of the final 200 was based on earnings growth, sales growth, and shareholders' return on equity in the past 12 months and over 3 years.
A total of 151 firms are new on the list while 49 are returnees. Firms in information technology, healthcare and electronics sectors accounted for close to half of the 200 companies on the list.
The 200 winning companies will be honored at the Forbes Asia "Best Under A Billion" award ceremony and dinner in Hong Kong on November 23, 2010.
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