ASEAN companies are gaining traction in Southeast Asia and further. The 100 largest companies from ASEAN countries by market capitalization have recently been compiled by the Nikkei Asian Review magazine. Here is the list of 100 leading businesses in the region, together with some details on their activities, market values and revenues.
The ranking tables were established upon companies headquartered in one of the ten ASEAN countries, by market capitalization as of 31 October 2014. Fourty-four companies had a market value that was higher than 10 Billion USD, and 24 had net profits above to 1 Billion USD.
Characteristics of the 100 leading companies in ASEAN
Top sectors of ASEAN companies
In a quick overview of the rankings, finance dominate the top 20 ASEAN companies with 9 banks out of the top 20 companies, including 3 Singaporean banks in the top 5 companies which are also regional heavyweights.
- DBS Group Holdings (Singapore): 2/100
- Oversea-Chinese Banking Corporation (Singapore) – OCBC: 3/100
- United Overseas Bank – UOB (Singapore): 5/100
- Malayan Banking – Maybank (Malaysia): 6/100
- Bank Central Asia – BCA (Indonesia): 7/100
- Bank Rakyat Indonesia: 12/100
- Public Bank (Malaysia): 13/100
- Bank Mandiri (Indonesia): 15/100
- Siam Commercial Bank (Thailand): 17/100
Communications companies are also well in represented with leaders in telecommunications from each of the four largest economies in the top 20.
- Singtel – Singapore Telecommunications: 1/100
- Telekomunikasi Indonesia: 9/100
- AIS – Advanced Info Service (Thailand): 14/100
- Axiata Group (Malaysia): 18/100
Finance and communications companies are very present in the rest of the Top 50 and Top 100 companies, together with some other important sectors such as real estate, oil & gas, retail, agribusiness and utilities.
Top countries for ASEAN companies
In terms of where the companies are from, the top 20 is exclusively composed of companies from the 4 largest economies of ASEAN: Indonesia, Thailand, Malaysia and Singapore. The whole Top 100 comprises only companies from the 6 largest economies of ASEAN: ASEAN-4 + Philippines and Vietnam.
The top 100 is composed of ASEAN-6 companies with the following numbers of companies from each country, together with the highest ranking company:
- Malaysia: 27 companies / Malayan Banking – Maybank: 6/100
- Singapore: 21 companies / Singapore Telecommunications – Singtel: 1/100
- Thailand: 21 companies / PTT: 3/100
- Indonesia: 16 companies / Bank Central Asia – BCA: 7/100
- Philippines: 14 companies / Philippine Long Distance Telephone – PLDT: 26/100
- Vietnam: 1 company / PetroVietnam Gas: 48/100
Top 100 ASEAN companies by market capitalization
Top 20 ASEAN companies
Top 21-50 ASEAN companies
Top 51-100 ASEAN companies
The star * next to the companies rank indicates companies that are part of the Nikkei ASEAN 100 companies to follow in the ASEAN region, composed of more than 100 companies from Singapore, Malaysia, Indonesia, Philippines, Thailand and Vietnam.
Top 25 ASEAN companies by net profits
In terms of net profits, here is the list of top 25 most profitable companies in ASEAN in 2014, especially including all 24 ASEAN companies that reported net profits above 1 Billion USD in the last year.
- PTT (Thailand): 3,074 Million USD – Oil & Gas
- DBS Group Holdings (Singapore): 2,934 Million USD – Finance
- Singapore Telecommunications – SingTel: 2,901 Million USD – Communications
- United Overseas Bank – UOB (Singapore): 2,404 Million USD – Finance
- Oversea-Chinese Banking Corp. – OCBC (Singapore): 2,212 Million USD – Finance
- Malayan Banking – Maybank (Malaysia): 2,080 Million USD – Finance
- Bank Rakyat Indonesia – BRI: 2,043 Million USD – Finance
- Tenaga Nasional (Malaysia): 1,999 Million USD – Utilities
- Astra International (Indonesia): 1,858 Million USD – Conglomerate
- PTT Exploration & Production (Thailand): 1,827 Million USD – Oil Exploration
- Bank Mandiri (Indonesia): 1,742 Million USD – Finance
- Siam Commercial Bank – SCB (Thailand): 1,635 Million USD – Finance
- Keppel Corp. (Singapore): 1,475 Million USD – Conglomerate
- CIMB Group Holdings (Malaysia): 1,441 Million USD – Finance
- Bank Central Asia – BCA (Indonesia): 1,364 Million USD – Finance
- Telekomunikasi Indonesia: 1,360 Million USD – Communications
- Kasikornbank (Thailand): 1,345 Million USD – Finance
- Wilmar International (Singapore): 1,319 Million USD – Agribusiness
- Public Bank (Malaysia): 1,290 Million USD – Finance
- Siam Cement (Thailand): 1,189 Million USD – Building Materials
- Advanced Info Service (Thailand): 1,180 Million USD – Communications
- Bangkok Bank (Thailand): 1,168 Million USD – Finance
- Krung Thai Bank (Thailand): 1,104 Million USD – Finance
- Hanjaya Mandala Sampoerna (Indonesia): 1,035 Million USD – Tobacco
- Sime Darby (Malaysia): 989 Million USD – Agribusiness
These lists of top ASEAN companies were initially published by the Nikkei Asian Review magazine in November 2014.