Forbes recently released its annual Best Under A Billion list, which lists 200 publicly traded small and medium-sized enterprises (SMBs) in the Asia-Pacific region with sales below $ 1 billion.
These companies have had consistent sales and earnings growth and have a track record of outstanding business performance.
According to Forbes, this list is based on data for the full year ended July 7th and does not fully reflect the impact of the COVID-19 downturn.
The companies on this list also stood out from their peers in terms of sales and earnings growth, low debt, and solid corporate governance.
Of the 200 companies in the region, six from Singapore made the cut. Here's a closer look at these local businesses:
1. Singapore Exchange
Photo credit: Singapore Exchange
The Singapore Exchange (SGX) topped the list in Singapore with sales of $ 666 million, net income of $ 286 million, and a market value of $ 6.3 billion.
SGX is an investment holding company that offers, among other things, various services related to trading in securities and derivatives. It is a member of the World Federation of Exchanges and the Asian and Oceanian Stock Exchanges Federation.
SGX plays a key role in the Asian securities and derivatives market and provides the world's largest offshore Asian equity index derivatives market. The markets attract many foreign players, and around 40 percent of listed companies have their origins overseas.
The company was formed in 1999 through the consolidation of three Singaporean companies that operated exchange and clearing services, namely the Singapore Stock Exchange (SES), the Singapore International Currency Exchange (Simex), and Securities Clearing and Computer Services (SCCS).
The company went public in November 2000. Over 20 percent of SGX shares are held by SEL Holdings, a specialty company wholly owned by Temasek Holdings under Singapore regulations that restrict the exercise of votes on shares in financial exchange companies.
2. AEM Holdings
Image Credit: AEM Holdings
AEM Holdings ranks second in Singapore with revenues of $ 237 million, net income of $ 286 million and a market value of $ 640 million.
Listed on the motherboard, AEM designs and builds high density semiconductor test handlers used by the world's leading chip manufacturers. The US technology giant Intel Corp is one of its main customers, who account for more than 90 percent of its sales.
AEM was founded in 1990 and listed 10 years later. Today, AEM is a leader in application-specific intelligent system test and handling solutions for semiconductor and electronics companies, serving the advanced computing, 5G and artificial intelligence (AI) markets.
The group has five plants – in Singapore, Penang, Suzhou in China, Finland and France. R&D is carried out here as well as in France and Finland.
The future of AEM is determined by exponential growth in integrated circuits as demand from consumer applications like laptops and smartphones shifts to infrastructure and automobiles.
3. Union Gas
Photo credit: Union Gas
Union Gas has sales of $ 58 million, net income of $ 6 million and a market value of $ 48 million.
Union Gas Holdings (Union Gas), a traditional LPG player in its early days, has evolved over time and also supplies CNG and diesel.
Listed on the Singapore Exchange's Catalist Board in July 2017, Union Gas is a supplier of fuel products to the residential, commercial and industrial sectors in Singapore.
Today Union Gas is the largest provider of LPG cylinders for households in Singapore and has around 180,000 customers.
Union Gas also operates Cnergy, a 24-hour gas station on Old Toh Tuck Road that sells CNG and diesel. It is also a major CNG supplier to industrial customers such as Rolls-Royce, Enviro Gas, Keppel Fels and ST Marine.
4. Khoon Group
Photo credit: HKEX via Twitter
The Khoon Group has sales of $ 36 million, net income of $ 3 million and a market value of $ 48 million.
Khoon Group Limited was founded in 1988 and operates as a mechanical and electrical service provider (M&E).
It specializes in electrotechnical solutions such as the adaptation and installation of electrical systems, support in obtaining legal permits, tests and commissioning.
The electrotechnical services apply to new buildings, renovations, repairs, additions and modifications to existing buildings and structures, as well as to modernization projects in which residential, commercial and industrial buildings are involved.
The company is involved in both public and private projects.
5. Egg building foods
Photo credit: N&N Agriculture
Eggriculture Foods has sales of $ 34 million, net income of $ 4 million and a market value of $ 8 million.
Established in 2018, the group is mainly engaged in the manufacture and sale of egg products, mainly in Singapore.
They are currently one of the few three-shift farms licensed by the Singapore Agricultural, Food and Veterinary Authority (AVA) to produce fresh chicken eggs in Singapore. They cover 13 hectares of farmland in Singapore.
They have roughly half a million shifts that produce an average of 350,000 fresh eggs daily.
The company's product categories include fresh chicken eggs (sold under the N&N Agriculture name) and processed eggs. The pasteurized shell eggs are sold under the Egg Story brand.
6. Snack Empire
Photo credit: Snack Empire Holdings
Snack Empire has sales of $ 18 million, net income of $ 3 million, and a market value of $ 23 million.
Snack Empire Holdings Ltd. is active in the wholesale and retail trade of food and beverages. It is involved in providing food catering services through a chain of Taiwanese style cafes.
Founded in 2003, Shihlin Taiwan Street Snacks F&B brand began with a vision of bringing authentic Taiwanese cuisine out of the back alleys of Taiwan’s night markets.
The menu features authentic Taiwanese favorites such as XXL Crispy Chicken, Crispy Floss Egg Crepe, handmade Oyster Mee Sua and Seafood Tempura.
With more than 16 years of experience, the group has expanded to more than 200 international outlets and restaurants in Singapore, Malaysia, Indonesia, the USA and soon also in Brunei and Egypt.
Selected image source: Union Gas / Singapore Business Review / Aastocks / Eggriculture / Value Invest Asia / Halal Ke