Asia's Hot Growth Companies: 2007

Here are the pace-setters from around the region, including a No. 1 company that�s profiting from Chinese demand for Japanese noodles.

This year's annual list of Asia's Hot Growth companies shows the dominance of China. Nearly half of the 100 companies are from Hong Kong, Taiwan or the mainland. And even companies from Singapore and Korea are on the list thanks in large part to their exposure to the fast-rising Chinese economy. Many of the best-performers are profitably catering to the demands of the region's new middle-class consumers. But that doesn't mean there's no room for old-style manufacturing, too. The Hot Growth list still includes plenty of manufacturing companies that make the turbines, pumps and other machinery necessary to keep Asia's economies humming.

Click column heading once to reorder from highest to lowest. Click twice to reorder from lowest to highest.

2007 Rank	Company	Country	Sales 2006 (US $ mil.)	Profits 2006 (US $ mil.)	Return on Capital 2006 (%)	3-Year Avg. Chg. Sales (%)	3-Year Avg. Chg. Profits (%)	3-Year Avg. Return on Capital (%)	12-Mo. High Stock Price (US$)	12-Mo. Low Stock Price (US$)	Recent Stock Price (US$)	Market Value (US$ mil.)	Business Description

1	AJISEN (CHINA) HOLDINGS	Hong Kong	77.6	14.7	47.1	62.8	108.6	45.2	1.2	0.9	1.1	791.7	Restaurants
2	RAFFLES EDUCATION	Singapore	58.8	21.1	86.8	68.7	80.7	72.7	1.7	0.9	1.5	1,584.1	Education Services
3	HANGZHOU STEAM TURBINE	China	307.3	55.9	32.6	77.4	112.6	32.4	2.9	1.0	2.9	388.8	Heavy Electrical Equipment
4	PINE AGRITECH	China	204.5	69.7	39.4	72.9	98.3	32.6	0.5	0.2	0.3	950.1	Agricultural Products
5	PHISON ELECTRONICS	Taiwan	377.3	32.5	37.6	70.1	63.4	37.7	16.4	3.8	10.7	995.6	Computer Storage & Peripherals
6	ENRIC ENERGY EQUIPMENT HOLDINGS	China	99.8	12.5	19.1	74.7	63.3	34.5	1.5	0.5	1.5	647.7	Industrial Machinery
7	E-TON SOLAR TECH	Taiwan	102.2	22.2	13.1	207.0	206.6	24.4	14.1	9.2	11.3	684.6	Electrical Components & Equipment
8	CHINA SKY CHEMICAL FIBRE	China	240.6	66.1	24.9	56.4	44.0	41.4	1.5	0.7	1.5	1,154.8	Textiles
9	KS ENERGY SERVICES	Singapore	192.5	33.1	26.8	72.7	99.1	27.0	2.9	1.6	2.7	636.4	Trading Companies & Distributors
10	AAC ACOUSTIC TECHNOLOGIES HOLDINGS	Hong Kong	229.9	73.9	26.8	68.2	69.9	29.6	1.3	0.8	1.2	1,540.8	Communications Equipment
11	CELESTIAL NUTRIFOODS	China	150.1	48.0	14.4	132.3	138.8	22.5	1.2	0.7	1.0	613.3	Packaged Foods & Meats
12	CHINA FISHERY GROUP	Hong Kong	156.0	48.0	13.2	28.4	64.8	49.3	1.9	1.0	1.4	1,034.4	Packaged Foods & Meats
13	HANATOUR SERVICE	Korea	190.7	24.9	24.7	45.7	49.9	33.6	106.3	58.0	99.4	1,115.8	Hotels, Resorts & Cruise Lines
14	FIRICH ENTERPRISES	Taiwan	81.0	19.6	34.1	56.6	82.7	27.1	19.8	5.3	14.4	1,382.8	Electronic Equipment Manufacturers
15	TAEWOONG	Korea	295.4	29.3	26.0	57.6	97.4	25.2	122.5	22.6	117.6	1,848.0	Industrial Machinery
16	SHIN ZU SHING	Taiwan	122.3	28.7	27.1	46.9	100.2	25.8	7.5	4.5	7.6	838.3	Industrial Machinery
17	LAKSHMI MACHINE WORKS	India	435.5	48.5	35.5	39.9	55.2	30.4	96.1	63.0	73.4	907.5	Industrial Machinery
18	KIRLOSKAR BROTHERS	India	418.7	63.8	36.6	35.9	104.8	28.3	12.7	8.3	12.9	1,363.4	Industrial Machinery
19	EN-JAPAN	Japan	142.3	26.1	32.3	57.7	47.0	29.5	5,989.4	3,155.5	4,078.5	982.9	Human Resource & Employment Services
20	SITRONIX TECHNOLOGY	Taiwan	134.8	21.6	28.9	55.4	44.4	29.0	4.1	2.3	3.3	327.9	Semiconductors
21	INTER-ROLLER ENGINEERING	Singapore	96.3	16.8	32.9	41.2	58.2	28.5	0.9	0.5	0.6	93.1	Industrial Machinery
22	RICHTEK TECHNOLOGY	Taiwan	131.1	37.7	45.4	28.2	41.7	36.6	15.1	6.3	11.8	1,372.3	Semiconductors
23	GODREJ CONSUMER PRODUCTS	India	224.0	33.8	57.7	24.7	31.0	106.7	4.6	3.2	3.6	803.6	Personal Products
24	CHINA BLUECHEMICAL	Hong Kong	449.2	213.3	22.1	61.5	116.5	19.3	0.7	0.3	0.7	2,515.2	Fertilizers & Agricultural Chemicals
25	JOHNSON HEALTH TECH	Taiwan	343.1	51.7	30.6	32.0	45.6	30.3	7.2	3.4	3.7	692.9	Leisure Products
26	PRIME SUCCESS INTL. GROUP	Hong Kong	396.4	37.4	28.8	31.6	51.3	30.0	1.2	0.5	0.8	1,328.4	Footwear
27	EZRA HOLDINGS	Singapore	72.0	40.3	24.8	72.1	118.8	17.5	4.4	2.0	4.3	1,198.5	Oil & Gas Equipment & Services
28	POSI?EX TECHNOLOGIES	Taiwan	60.0	12.5	37.4	21.1	37.5	37.2	3.9	3.1	3.7	184.0	Electronic Equipment Manufacturers
29	TAIWAN SURFACE MOUNTING TECHNOLGY	Taiwan	422.8	24.1	22.0	50.0	131.1	18.9	2.6	1.6	2.2	300.3	Semiconductors
30	JAYA HOLDINGS	Singapore	199.8	70.0	31.5	33.6	51.7	27.8	1.3	0.9	1.3	1,024.1	Construction & Farm Machinery & Heavy Trucks
31	KING SLIDE WORKS	Taiwan	51.0	17.0	32.9	21.4	38.5	35.9	7.0	4.0	5.9	434.8	Industrial Machinery
32	PIXART IMAGING	Taiwan	120.9	44.1	34.7	31.7	45.5	29.3	15.7	6.5	8.1	923.9	Semiconductors
33	SILITECH TECHNOLOGY	Taiwan	218.9	31.8	27.4	25.6	36.7	33.0	5.0	3.3	5.0	733.0	Electrical Components & Equipment
34	INNER MONGOLIA YITAI COAL	China	471.5	91.6	19.2	30.1	112.4	22.4	15.0	1.2	15.0	2,489.8	Coal & Consumable Fuels
35	MELCO INTERNATIONAL DEVELOPMENT	Hong Kong	102.6	363.5	32.4	67.2	559.8	15.8	3.1	1.2	1.9	2,295.8	Industrial Conglomerates
36	ROBINSON DEPARTMENT STORE	Thailand	315.1	77.6	51.5	11.6	66.5	29.9	0.4	0.3	0.3	358.8	Department Stores
37	KNM GROUP	Malaysia	259.5	37.8	29.6	136.9	81.9	17.4	1.5	0.4	1.4	1,401.4	Oil & Gas Equipment & Services
38	SHENMAO TECHNOLOGY	Taiwan	111.8	12.1	18.0	48.2	68.1	20.8	3.3	2.0	2.2	150.1	Industrial Machinery
39	INTOPS	Korea	448.2	44.1	24.1	35.7	43.2	26.8	46.9	24.4	29.6	254.6	Electronic Equipment Manufacturers
40	MARICO	India	365.8	26.5	57.2	19.8	24.1	36.0	1.6	1.2	1.5	931.4	Personal Products
41	MACROMILL	Japan	53.8	8.9	21.2	45.2	41.4	23.3	3,372.8	1,338.7	1,756.6	224.8	Internet Software & Services
42	UNISTEEL TECHNOLOGY	Singapore	151.1	33.0	32.6	30.5	31.7	29.5	1.8	1.1	1.4	580.0	Computer Storage & Peripherals
43	DENA	Japan	119.3	21.4	17.5	110.1	141.1	13.4	4,615.9	2,633.9	4,408.9	2,129.5	Internet Retail
44	GALLANT PRECISION MACHINING	Taiwan	201.1	20.4	19.8	73.7	100.8	14.8	1.1	0.5	0.6	126.5	Semiconductor Equipment
45	COLGATE-PALMOLIVE (INDIA)	India	304.4	34.9	52.5	11.7	11.1	48.0	10.5	7.3	10.1	1,376.9	Personal Products
46	OSAKA TITANIUM TECHNOLOGIES	Japan	363.8	78.1	26.4	39.5	215.0	17.1	128.9	64.8	87.0	3,203.3	Diversified Metals & Mining
47	AV TECH	Taiwan	121.6	30.5	30.5	18.8	20.3	33.9	8.9	4.0	8.3	737.7	Electronic Equipment Manufacturers
48	SHANGHAI JINJIANG INTL. INDL.	China	345.7	34.8	12.2	93.1	178.6	11.4	2.7	0.9	2.3	1,202.9	Trucking
49	CHINA MILK PRODUCTS GROUP	China	66.7	49.1	16.4	31.2	33.4	27.6	1.1	0.7	0.9	647.0	Agricultural Products
50	HYUNJIN MATERIALS	Korea	181.0	18.7	12.1	49.4	84.9	17.5	52.1	15.6	49.1	699.0	Industrial Machinery

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DATA: Standard & Poor's Compustat