Each year Forbes publishes its "Best Under A Billion" list in Asia, which lists 200 publicly traded SMEs in the Asia-Pacific region with sales of less than $ 1 billion.
The selected companies show constant sales and profit growth and can look back on exceptional company performance.
Of the 200 companies listed, 16 Malaysian companies made the cut in 2020.
However, there is one caveat to be aware of COVID-19: the list is based on data for the full year ended July 7th and does not fully reflect the impact of the downturn caused by the pandemic.
1. Scientex Berhad
Photo credit: Scientex
Scientex topped the list with sales of $ 786 million, net income of $ 81 million, and a market value of $ 1.122 billion.
Scientex pioneered the manufacture of leather fabrics and foils made from polyvinyl chloride (PVC).
Stretch films are produced, thin plastic films for packaging that replace bulky and less flexible cardboard boxes. The company also deals with real estate development.
Founded in 1968, the company was listed on the stock exchange in 1990 when it was listed on the Kuala Lumpur Stock Exchange (KLSE), now Bursa Malaysia.
2. Kossan Rubber Industries
Image credit: Kossan
Kossan Rubber Industries (Kossan) ranks second on the list with sales of $ 535 million, net income of $ 54 million, and a market value of $ 3.265 billion.
With an annual production capacity of 28 billion pieces, it is one of the world's largest manufacturers of latex disposable gloves.
They currently manufacture high-tech rubber products that are used in the automotive, infrastructure, marine, aerospace, rail, and mining industries, as well as in latex disposable gloves.
More than 80% of the products are exported to over 130 countries. 350 active customers are mainly located in developed countries such as the USA, UK, Scandinavian countries, Europe, China, Korea and Japan.
The group, founded in 1979, has 20 plants (19 in Malaysia, 1 in China) and employs a total of around 6,000 people, both from Germany and abroad.
The company joined Bursa Malaysia in 1996 as a publicly traded company.
3. Magni Tech Industries Berhad
Magni Tech Industries (MTI) has sales of $ 288 million, net income of $ 29 million and a market value of $ 212 million.
MTI produces and carries out the sale of garments. They also manufacture and sell a wide range of flexible plastic and corrugated packaging products.
It was initially in the packaging business before moving on to the clothing business.
The company was founded in 1997 and is headquartered in Penang, Malaysia. It was incorporated in Malaysia in March 1997 and listed on the second board of directors of Bursa Malaysia Securities Berhad (Bursa Securities) in April 2000.
4th Lii Hen Industries Berhad
Photo credit: MPIC Twitter
Lii Hen Industries (LHI) has sales of $ 202 million, net income of $ 19 million, and a market value of $ 115 million.
The company, founded in 1994, is engaged in the manufacture and sale of furniture.
Products include bedroom sets, occasional items, everyday items, sofa sets, buffet and stall products, dining furniture and others.
The company is also active in plantation and other segments.
5. Johore Tin Berhad
Photo credit: Johore Tin Berhad
Johore Tin Berhad (JTB) ranks fifth with sales of $ 140 million, net income of $ 11 million, and a market value of $ 104 million.
JTB started out as a manufacturer of packaging, mostly tin cans. It has since expanded into the F&B industry through the acquisition of Able Dairies Sdn Bhd.
Currently, the company continues to manufacture tin cans and has expanded its portfolio in the F&B business to include the production of condensed milk, condensed milk, powdered milk and other dairy products.
JTB was incorporated in November 2000 as a public company under the Companies Act of 1965 in Malaysia.
It was then listed on Bursa Malaysia in 2003 and consists of three subsidiaries in the tin can manufacturing segment.
6th Sunsuria Berhad
Sunsuria Berhad has sales of $ 129 million, net income of $ 33 million and a market value of $ 89 million.
Sunsuria is active in property development, management and leasing.
The company operates in the following business areas: construction, real estate development, equity participation and others.
Founded in 1990, the company began developing various residential, commercial and industrial property projects in the Klang Valley.
Today Sunsuria has developed into a multifaceted and established real estate developer and has made a name for itself as one of the leading real estate developers in Malaysia.
7th Pentamaster Corporation Berhad
Photo credit: Pentamaster
Pentamaster Corporation Berhad ranks fifth with sales of $ 118 million, net income of $ 20 million, and a market value of $ 629 million.
Pentamaster deals with the provision of manufacturing and technology solutions for automation.
The company operates in the following segments: automated devices, automated manufacturing solutions and intelligent control solution systems.
Founded in Penang in 1991, the company has experience serving customers worldwide in industries such as semiconductors, computers, electrical and electronics, medical devices and pharmaceuticals to name a few.
Global customers include countries from the USA, Europe, Africa, the Asia-Pacific region and the ASEAN countries.
8th. AME Elite Consortium Berhad
Photo credit: AME Elite Consortium
The AME Elite Consortium has sales of $ 91 million, net income of $ 15 million, and a market value of $ 170 million.
The company started building and has since expanded its business. At the same time, it has specialized in the development of industrial parks and the construction of large production facilities and industrial buildings.
The company also provides engineering, real estate investment and management services.
The company was founded in 1995 and in its 25 years of operation has completed projects for Dyson Manufacturing Sdn Bhd and Yoke Food Industries Sdn Bhd (a member of the F&N Group), to name a few.
It only went public at the end of last year with the aim of collecting 166.6 million RM from its IPO on Bursa Malaysia.
About a month later, it announced that its IPO was oversubscribed by more than four times.
9. Frontken Corporation Berhad
With sales of $ 82 million, Frontken ranks ninth on the Forbes list. The company also had net income of $ 17 million and a market value of $ 677 million.
Frontken offers support services for the semiconductor industry, surface treatment and engineering solutions.
Customers come from the semiconductor, oil and gas, power generation, and shipping industries.
It was founded in 1996 as Frontken Singapore Pte Ltd with 12 employees and has meanwhile grown to over 1,000 employees in 7 countries.
10. Oriental interest Berhad
Oriental Interest has revenues of $ 72 million, net income of $ 14 million, and a market value of $ 60 million.
This investment holding company was founded in 1986 and deals with commercial and industrial property development, general construction and the provision of management services.
It has more than 25,100 development units in areas from Puchong to Alor Setar and even Malacca.
11. Wed Technovation Berhad
Photo credit: Mi Technovation
With a turnover of 46 million US dollars, Mi Technovation ranks tenth. The company has net income of $ 14 million and a market value of $ 500 million.
It is mainly involved in the development, manufacture and sale of WLCSP (Wafer Level Chip Scale Packaging) sorting machines with inspection and test functions for the semiconductor industry.
However, in November 2019, The Edge Markets reported that the company is trying to reduce its reliance on the semiconductor industry.
This is because the Semiconductor Equipment business, Mi Equipment, is seasonal and influenced by the cyclical nature of the industry.
Oh Kuang Eng, CEO of the group, told the publication that they aim to be a multi-product player in different industries by 2023.
12. Uchi Technologies Berhad
Uchi Technologies posted sales of $ 38 million, net income of $ 18 million, and a market value of $ 273 million.
Founded in 1981 in Taiwan, the company set up a production facility in Penang in 1989. The company operates in the following segments: Equity Investment, Manufacturing and Trading.
The investment holding segment consists of management services, while the manufacturing segment relates to the production of touchscreen advance displays, high-precision light meters, mixed-signal control systems for centrifuge and laboratory equipment, and more.
The trading segment now deals with trading in complete electrical modules and saturated papers for PCB lamination.
13. UWC Berhad
Image credit: UWC
Forbes had UWC sales of $ 35 million, net income of $ 9 million, and a market value of $ 538 million.
UWC was incorporated in Malaysia under the law in March 2018 as a limited liability company under the name UWC Sdn Bhd.
In October 2018 it was converted into a joint stock company and was given the current name UWC Berhad.
The company offers integrated technical support services in the form of precision sheet metal fabrication and value-added assembly, as well as the manufacture of precision-engineered components.
14th OpenSys Berhad
OpenSys had sales of $ 25 million, net income of $ 3 million, and a market value of $ 57 million.
This investment holding company offers solutions for financial services, telecommunications and utilities
The company operates in the hardware and software solutions and services segments, including the sale, assembly and distribution of check deposit and cash recycling machines, as well as the sale of licensed software and the rental of ESM machines.
Some of their notable clients are Maxis, Tenaga Nasional, Telekom, and Maybank.
15. C-Link in the square
C-Link Squared has sales of $ 17 million, net income of $ 3 million, and a market value of $ 109 million.
The outsourced provider of document management services and the associated developer company for software applications and enterprise software solutions were founded in 2000.
The services include the electronic delivery of documents, the printing and sending of documents as well as the imaging and scanning of documents.
In 2019, the company served 19 banks and 24 insurance companies in Malaysia.
16. Revenue Group Berhad
Forbes had Revenue Group revenues of $ 14 million, net income of $ 2 million, and a market value of $ 109 million.
The company, founded in 2003, offers cashless payment solutions in the following business areas: EDC terminals, electronic transaction processing as well as solutions and services.
According to the company, the company has grown steadily, bringing out solutions like EMV smart card technology, consumer behavior management systems, and loyalty systems to name a few.
Alliance partners include MasterCard, Visa, Petronas, Touch & # 39; n & # 39; Go, AmBank and others.
- Here you can read our coverage of other Malaysian companies and entrepreneurs on previous Forbes lists.
Selected image source: Scientex / Kossan Rubber Industries / Sunsuria