With capital markets effectively closed, cash-rich Chinese firms are well placed to profit. They have tended to rely less on international markets for funding than some regional peers, and are able to develop strategies without the liquidity worries that plague rivals. Lawrence White reports.
Best Asian Company Methodology Euromoney targeted equity analysts covering Asian companies contained as of 25th July 2008 in the following indices, the biggest exchange for domestic shares in the country: Shanghai Composite (People’s Republic of China); Hang Seng (Hong Kong); Seoul Composite (Korea); KLSE Composite (Malaysia); Philippine Stock Exchange (Philippines); Straits Times Index (Singapore); Taiwan SE Weighted Index (Taiwan); SET (Thailand); BSE 30 (India) Euromoney’s Annual Asia Company ranking is based on a survey of market analysts at leading banks and research institutes in Asia. Polling took place from 2nd July until September 5th 2008. We received replies from 211 analysts who made a total of 4,384 nominations for 683 companies. Respondents were asked to nominate the top three companies in each of the countries or sectors they covered, bearing in mind market strength, profitability, growth potential and quality of management and earnings. Points were awarded on the scale of 4:3:2 for nominations for 1st, 2nd and 3rd place respectively.
