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Forbes listed Asia’s Best Under A Billion 2022 highlights 200 Asia-Pacific public companies with sales under US$1 billion



Forbes listed Asias Best Under A Billion 2022 highlights 200 Asia Pacific public companies with sales under US1 billion

Forbes said the list perceives 200 top-performing publicly listed little and medium-sized organizations in the Asia-Pacific region with sales under US$1 billion. The most recent list features organizations like semiconductors, software and services, pharmaceuticals, healthcare, and manufacturing, among others.

This story is essential for Forbes’ coverage of Asia’s Best Under A Billion 2022, which highlights 200 Asia-Pacific public organizations with under $1 billion in sales and predictable top-and bottom-line growth.

As Covid-19 limitations ease across the Asia-Pacific and individuals adjust to the new ordinary, the current year’s yearly Best Under A Billion list highlights the shift to discretionary spending.

While healthcare and pharmaceutical-related organizations were standouts last year, the post-pandemic re-visitation of day-to-day existence has helped attire makers, mall operators, restaurants, consumer electronics, and entertainment companies, among others.

The current year’s list incorporates 75 returnees from the earlier year, reflecting their resiliency in a quickly evolving environment, for example, Taiwan’s Aspeed, which has made Best Under A Billion for an eminent nine successive years.

We’ve highlighted eight organizations that caught the momentum of economic reopenings following the pandemic.

Bafang Electric

E-bike popularity advanced during the pandemic as individuals sought cycling as recreation and elective transport. Riding the trend, sales at Suzhou-based electric motor and battery creator Bafang Electric surged 90% last year while net benefit climbed 50%. It has of late opened another manufacturing plant in Poland to serve the European market.

Dollar Industries

Following recuperation from Covid 19-prompted trade and supply disturbances, Indian apparel maker Dollar Industries booked 30% sales development for the fiscal year finished in March, with net benefit surging 72%. Other than extending its clothing range for women, the organization likewise late added a spinning mill and a warehouse.

Gift Holdings

The ramen restaurant organization saw sales top 22% to $124 million as pandemic limitations lifted in Japan, carrying clients to its tables once more. Last year it oversaw 602 restaurants in Japan, including 147 organization-owned outlets, up from 519 out in 2020.

Globe International

This Australia-based attire, footwear, and skateboard manufacturer saw sales increment by 75% to $199 million as its three primary business sectors, Australia, North America, and Europe, delivered the greatest return in the organization’s set of experiences. It offers to over 100 countries around the world.

JYP Entertainment

Facilitating Covid-19 limitations assisted with boost the South entertainment company’s sales from concerts and offline events. Subsequently, sales expanded by 34% and net benefit dramatically increased in 2021. The organization’s main artists incorporate K-pop teen pop band 2 PM and girl group Twice.


Thai beverages organization Sappe developed its sales by 12% last year to $108 million as its product markets recuperated from the pandemic. Sappe exports to 98 countries around the world. The organization additionally started to investigate hemp and cannabis products to extend its portfolio.

Sido Muncul

Last year, the Indonesia-based herbal medicines and supplements manufacturer saw sales rise 21% to $281 million. The organization said a pattern toward health and wellness during the pandemic assisted push with demand for its food and beverage products.

The Hour Glass

Sales at the Singapore-based luxury watch retailer expanded almost 40% last year, and net benefit surged 86%, as the pandemic’s homebound customers searched for ways to expenditure their money. The Hour Glass, which sells brands like Rolex, Patek Philippe, and Audemars Piguet, has 50 boutiques across Asia-Pacific.

With reporting by Jonathan Burgos, Ralph Jennings, John Kang, Ramakrishnan Narayanan, Phisanu Phromchanya, Yessar Rosendar, James Simms, Yue Wang, and Jennifer Wells.


This list is intended to distinguish organizations with long-term sustainable performance across a variety of metrics. From a universe of 20,000 publicly traded companies in the Asia-Pacific region with yearly sales above $10 million and below $1 billion, these 200 organizations were chosen.

The organizations on this list, which is unranked, were chosen in view of a composite score that incorporated their general history in measures, for example, debt, sales, and earnings-per-share growth over both the latest fiscal one-and three-year periods and the strongest one-and five-year average profits from value.

Beside quantitative criteria, qualitative screens were utilized too, for example, excluding organizations with serious governance issues, questionable accounting, environmental concerns, management issues, or legal troubles. State-controlled and subsidiaries of larger companies were also excluded.

The criteria likewise guaranteed a geographic diversity of organizations from across the region. The list utilizes entire year yearly outcomes, in view of the most recent publicly accessible figures as of July 11, 2022.

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