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NEWS UPDATES Asean Affairs           1  September 2011

Five Thai companies on Forbes list

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Five Thai companies, three of them listed on the Stock Exchange of Thailand, are among the 200 Asian businesses on this year's "Best Under a Billion" list of companies compiled by Forbes Asia magazine.The list ranks public companies in the Asia-Pacific region with annual revenue between US$5 million and $1 billion. The companies are chosen based on revenue and profit growth as well as return on equity.

"Essentially these are our picks of the companies that have best managed through the economic volatility that began in 2008," said Tim Ferguson, editor of Forbes Asia.

"Most navigated the global credit crunch with little to no debt on their balance sheets. On average, the companies on the list have a 13% debt-to-equity ratio, and 67 of these companies carry no debt at all."

The five Thai companies are Advanced Information Technology, an IT systems specialist, with sales in the last 12 months estimated at $151 million; Brooker Group, a business, investment and real estate consultancy ($7 million); Bualuang Securities Plc, the brokerage arm of Bangkok Bank ($55 million); Polyplex Plc, a plastic film producer ($370 million); and Robinson Department Store Plc ($491 million).

Chinese and Hong Kong companies dominate the list with 65, followed by India with 35 and Taiwan with 25. Vietnam had 10 companies on the list compared with just one last year, while Japan had only one entry.


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This year in Thailand-what next?

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It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

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