ASEAN KEY DESTINATIONS
Five Thai companies on Forbes list
"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.
Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below