Malaysian Firms On Forbes Asia’s 200 Greatest Underneath A Billion 2020


Annually, Forbes releases its Asia’s Best Under A Billion record which highlights 200 publicly-listed SMEs within the Asia Pacific area which have gross sales underneath US$1 billion.

The chosen firms showcase constant top- and bottom-line progress and have monitor data of remarkable company efficiency.

Of the 200 firms listed, 16 Malaysian firms made the reduce this 2020.

Nevertheless, there may be one COVID-19 caveat to notice: the record is predicated on full-year information as of July 7 and doesn’t totally replicate the impression from the pandemic-led downturn.

1. Scientex Berhad

Picture Credit score: Scientex

Scientex topped the record with US$786 million gross sales, US$81 million in web earnings, and a market worth of US$1.122 billion.

Scientex pioneered the manufacturing of polyvinyl chloride (PVC) leather-based fabric and sheeting.

It produces stretch movies, skinny plastic movies used for packaging that substitute bulkier and fewer versatile carton packing containers. The corporate additionally engages in property improvement. 

Based in 1968, it turned a public listed firm in 1990 when it was granted a list on the primary board of the Kuala Lumpur Inventory Change (KLSE), now referred to as Bursa Malaysia.

2. Kossan Rubber Industries

Picture Credit score: Kossan

Kossan Rubber Industries (Kossan) ranks second on the record with US$535 million in gross sales, US$54 million in web earnings and a market worth of US$3.265 billion.

It is without doubt one of the largest producers of latex disposable gloves on the earth with an annual manufacturing capability of 28 billion items.

They presently manufacture extremely technical enter engineered rubber merchandise utilized in automotive, infrastructure, marine, aviation, rail and mining industries and latex disposable gloves.

Greater than 80% of its merchandise are exported to over 130 international locations with 350 lively prospects largely positioned in developed nations similar to america, UK, Scandinavian international locations, Europe, China, Korea, and Japan.

Established in 1979, the group operates with 20 crops (19 in Malaysia, 1 in China) and has a complete workforce of roughly 6,000 comprising each native and overseas nationals.

The corporate joined Bursa Malaysia as a public listed firm in 1996.

3. Magni Tech Industries Berhad

Magni Tech Industries (MTI) data US$288 million in gross sales, US$29 million in web earnings and a market worth of US$212 million.

MTI manufactures and conducts the sale of clothes. In addition they manufacture and distribute a variety of versatile plastic and corrugated packaging merchandise.

It was initially concerned within the packaging enterprise, earlier than diversifying into attire enterprise.

The corporate was based in 1997 and is headquartered in Penang, Malaysia. It was integrated in Malaysia in March 1997 and listed on the Second Board of Bursa Malaysia Securities Berhad (Bursa Securities) in April 2000. 

4. Lii Hen Industries Berhad

Picture Credit score: MPIC Twitter

Lii Hen Industries (LHI) data US$202 million in gross sales, US$19 million in web earnings and a market worth of US$115 million.

Based in 1994, the corporate engages within the manufacturing and sale of furnishings.

Its merchandise embrace bed room units, occasional merchandise, utility merchandise, couch units, buffet and hutch merchandise, eating furnishings and others.

As well as, the corporate can be concerned in plantation and different segments.

5. Johore Tin Berhad

Picture Credit score: Johore Tin Berhad

Johore Tin Berhad (JTB) ranks fifth recording US$140 million in gross sales, US$11 million in web earnings and a market worth of US$104 million.

JTB began off as a producer of packaging, primarily tin cans. Since then, it has expanded into the F&B trade through the acquisition of Ready Dairies Sdn Bhd. 

Presently, the corporate is sustaining their manufacturing of tin cans, and have expanded their portfolio within the F&B enterprise by producing condensed milk, evaporated milk, milk powder, and different dairy merchandise.

JTB was integrated in Malaysia in November 2000 as a public restricted firm underneath the Firms Act, 1965.

It was then listed on Bursa Malaysia in 2003, consisting of three subsidiaries within the tin can manufacturing section. 

6. Sunsuria Berhad

Sunsuria Berhad data US$129 million in gross sales, US$33 million in web earnings and a market worth of US$89 million.

Sunsuria engages in property improvement, administration, and leasing companies.

It operates by the next enterprise segments: development, property improvement, and funding holding, and others. 

Based in 1990, it started by creating varied residential, industrial and industrial property tasks inside Klang Valley.

Immediately, Sunsuria has grown right into a multifaceted and well-established property developer, gaining recognition as one of many main property builders in Malaysia.

7. Pentamaster Company Berhad

Picture Credit score: Pentamaster

Pentamaster Corporation Berhad ranks fifth recording US$118 million in gross sales, US$20 million in web earnings and a market worth of US$629 million.

Pentamaster engages within the provision of automation manufacturing and expertise options.

It operates by the next segments: automated tools, automated manufacturing options, and sensible management answer methods. 

Established in 1991 in Penang, it has expertise serving prospects worldwide in sectors starting from semiconductor, pc, electrical and electronics, medical gadgets, and pharmaceutical, to call just a few.

Its international prospects embrace international locations from the US, Europe, Africa, Asia Pacific, and ASEAN international locations.

8. AME Elite Consortium Berhad

Picture Credit score: AME Elite Consortium

AME Elite Consortium data US$91 million in gross sales, US$15 million in web earnings, and has a market worth of US$170 million.

First getting its begin in development, it has since expanded its companies whereas nonetheless specialising within the improvement of commercial parks and development of enormous scale manufacturing crops and industrial buildings. 

Alongside that, it additionally has a provision of engineering providers, and property funding and administration providers.

The corporate was based in 1995, and in its 25 years of operations has accomplished tasks for Dyson Manufacturing Sdn Bhd and Yoke Meals Industries Sdn Bhd (a member of the F&N Group), to call just a few.

It went public simply late final yr, with the intention to lift RM166.6 million from its IPO on Bursa Malaysia. 

A couple of month after that, it introduced that its IPO had been oversubscribed by over 4x.

9. Frontken Company Berhad

With US$82 million in gross sales, Frontken finds itself rating ninth on Forbes’ record. The corporate additionally recorded US$17 million in web earnings and has a market worth of US$677 million.

Frontken gives help providers to the semiconductor trade, floor remedy and mechanical engineering options.

Its purchasers come from the semiconductor, oil and fuel, energy era, and marine industries, and extra.

It was established in 1996 as Frontken Singapore Pte Ltd with a employees power of 12, and now it’s grown to over 1,000 workers stationed in 7 international locations.

10. Oriental Curiosity Berhad

Oriental Interest boasts US$72 million in gross sales, a web earnings of US$14 million and a market worth of US$60 million.

This funding holding firm was based in 1986 and it engages within the improvement of economic and industrial properties, common development, and provision of administration providers.

It has greater than 25,100 improvement models underneath its belt in areas from Puchong to Alor Setar and even Malacca.

11. Mi Technovation Berhad

Picture Credit score: Mi Technovation

Mi Technovation’s gross sales of US$46 million places it at tenth place, and it has a web earnings of US$14 million and a market worth of US$500 million.

It’s principally concerned within the design, improvement, manufacture and sale of Wafer Stage Chip Scale Packaging (WLCSP) sorting machines with inspection and testing capabilities for the semiconductor trade.

Nevertheless, in November 2019, The Edge Markets reported that the corporate is in search of to scale back its dependency on the semiconductor trade.

It is because its semiconductor tools enterprise unit, Mi Tools, is seasonal and affected by the cyclical nature of the trade.

Group CEO Oh Kuang Eng advised the publication that they intention to be a participant with a number of merchandise throughout a number of industries by 2023.

12. Uchi Applied sciences Berhad

Uchi Technologies has recorded gross sales amounting to US$38 million, a web earnings of US$18 million, and a market worth of US$273 million.

Initially established in Taiwan in 1981, it later arrange a producing base in Penang in 1989. It operates by the next segments: funding holding, manufacturing, and buying and selling.

Its funding holding section consists of administration providers, whereas its manufacturing section refers back to the manufacturing of contact display screen advance show, high-precision mild measurement tools, combined sign management system for centrifuge and laboratory tools, and extra.

In the meantime, its buying and selling section handles the commerce of full electrical modules and saturated papers for PCB lamination.

13. UWC Berhad

Picture Credit score: UWC

Forbes data UWC’s gross sales at US$35 million, its web earnings at US$9 million and its market worth at US$538 million.

UWC was integrated in Malaysia underneath the Act in March 2018 as a non-public restricted firm underneath the title UWC Sdn Bhd. 

In October 2018, it was transformed right into a public restricted firm and assumed its current title, UWC Berhad.

The corporate gives built-in engineering supporting providers within the type of precision sheet metallic fabrication and value-added meeting providers, and the fabrication of precision machined elements.

14. OpenSys Berhad

OpenSys has a recorded US$25 million in gross sales, a web earnings of US$Three million and a market worth of US$57 million.

This funding holding firm gives options to the monetary providers, telecommunications and utility 

It operates by the {hardware} and software program answer and providers segments, which embrace the sale, meeting and distribution of cheque deposit and money recycling machines and the sale of licensing software program and rental of ESM machines.

A few of their notable purchasers embrace Maxis, Tenaga Nasional, Telekom, and Maybank.

15. C-Hyperlink Squared

C-Link Squared has US$17 million in gross sales, a web earnings of US$Three million, and a market worth of US$109 million.

The outsourced doc administration providers supplier and associated software program software and enterprise software program options developer firm was based in 2000.

Its providers embrace digital doc supply, doc print and mail, doc imaging and scanning providers.

In 2019, it supplied its providers to 19 banks and 24 insurance coverage firms in Malaysia.

16. Income Group Berhad

Forbes recorded Revenue Group’s gross sales at US$14 million, its web earnings at US$2 million and its market worth at US$109 million.

Based in 2003, it gives cashless cost options by the next enterprise segments: EDC terminals, digital transaction processing, and options and providers.

In response to the corporate, it’s been experiencing regular progress, popping out with options similar to EMV Good Card expertise, shopper behavioural administration methods, and loyalty methods, to call just a few.

A few of its alliance companions embrace MasterCard, Visa, Petronas, Contact ‘n Go, AmBank, and extra.

  • You’ll be able to learn our protection of different Malaysian firms and entrepreneurs on earlier Forbes lists here.

Featured Picture Credit score: Scientex / Kossan Rubber Industries / Sunsuria


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