Special Report: Asia's Hot Growth Companies

Story: No Rest for Asia's Hot Growth Heroes

Slide show: Asia's Top Hot Growth Companies

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 Kong77.6 14.7 47.1 62.8 108.6 45.2 1.2 0.9 1.1 791.7 Restaurants
2 RAFFLES EDUCATION  Singapore58.8 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  China307.3 55.9 32.6 77.4 112.6 32.4 2.9 1.0 2.9 388.8 Heavy Electrical Equipment
4 PINE AGRITECH  China204.5 69.7 39.4 72.9 98.3 32.6 0.5 0.2 0.3 950.1 Agricultural Products
5 PHISON ELECTRONICS  Taiwan377.3 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  China99.8 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  Taiwan102.2 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  China240.6 66.1 24.9 56.4 44.0 41.4 1.5 0.7 1.5 1,154.8 Textiles
9 KS ENERGY SERVICES  Singapore192.5 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 Kong229.9 73.9 26.8 68.2 69.9 29.6 1.3 0.8 1.2 1,540.8 Communications Equipment
11 CELESTIAL NUTRIFOODS  China150.1 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 Kong156.0 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  Korea190.7 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   Taiwan81.0 19.6 34.1 56.6 82.7 27.1 19.8 5.3 14.4 1,382.8 Electronic Equipment Manufacturers
15 TAEWOONG  Korea295.4 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  Taiwan122.3 28.7 27.1 46.9 100.2 25.8 7.5 4.5 7.6 838.3 Industrial Machinery
17 LAKSHMI MACHINE WORKS  India435.5 48.5 35.5 39.9 55.2 30.4 96.1 63.0 73.4 907.5 Industrial Machinery
18 KIRLOSKAR BROTHERS  India418.7 63.8 36.6 35.9 104.8 28.3 12.7 8.3 12.9 1,363.4 Industrial Machinery
19 EN-JAPAN  Japan142.3 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  Taiwan134.8 21.6 28.9 55.4 44.4 29.0 4.1 2.3 3.3 327.9 Semiconductors
21 INTER-ROLLER ENGINEERING  Singapore96.3 16.8 32.9 41.2 58.2 28.5 0.9 0.5 0.6 93.1 Industrial Machinery
22 RICHTEK TECHNOLOGY  Taiwan131.1 37.7 45.4 28.2 41.7 36.6 15.1 6.3 11.8 1,372.3 Semiconductors
23 GODREJ CONSUMER PRODUCTS  India224.0 33.8 57.7 24.7 31.0 106.7 4.6 3.2 3.6 803.6 Personal Products
24 CHINA BLUECHEMICAL  Hong Kong449.2 213.3 22.1 61.5 116.5 19.3 0.7 0.3 0.7 2,515.2 Fertilizers & Agricultural Chemicals
25 JOHNSON HEALTH TECH  Taiwan343.1 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 Kong396.4 37.4 28.8 31.6 51.3 30.0 1.2 0.5 0.8 1,328.4 Footwear
27 EZRA HOLDINGS  Singapore72.0 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  Taiwan60.0 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  Taiwan422.8 24.1 22.0 50.0 131.1 18.9 2.6 1.6 2.2 300.3 Semiconductors
30 JAYA HOLDINGS  Singapore199.8 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  Taiwan51.0 17.0 32.9 21.4 38.5 35.9 7.0 4.0 5.9 434.8 Industrial Machinery
32 PIXART IMAGING  Taiwan120.9 44.1 34.7 31.7 45.5 29.3 15.7 6.5 8.1 923.9 Semiconductors
33 SILITECH TECHNOLOGY  Taiwan218.9 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  China471.5 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 Kong102.6 363.5 32.4 67.2 559.8 15.8 3.1 1.2 1.9 2,295.8 Industrial Conglomerates
36 ROBINSON DEPARTMENT STORE   Thailand315.1 77.6 51.5 11.6 66.5 29.9 0.4 0.3 0.3 358.8 Department Stores
37 KNM GROUP  Malaysia259.5 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  Taiwan111.8 12.1 18.0 48.2 68.1 20.8 3.3 2.0 2.2 150.1 Industrial Machinery
39 INTOPS  Korea448.2 44.1 24.1 35.7 43.2 26.8 46.9 24.4 29.6 254.6 Electronic Equipment Manufacturers
40 MARICO  India365.8 26.5 57.2 19.8 24.1 36.0 1.6 1.2 1.5 931.4 Personal Products
41 MACROMILL  Japan53.8 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  Singapore151.1 33.0 32.6 30.5 31.7 29.5 1.8 1.1 1.4 580.0 Computer Storage & Peripherals
43 DENA  Japan119.3 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  Taiwan201.1 20.4 19.8 73.7 100.8 14.8 1.1 0.5 0.6 126.5 Semiconductor Equipment
45 COLGATE-PALMOLIVE (INDIA)  India304.4 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  Japan363.8 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  Taiwan121.6 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.  China345.7 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  China66.7 49.1 16.4 31.2 33.4 27.6 1.1 0.7 0.9 647.0 Agricultural Products
50 HYUNJIN MATERIALS  Korea181.0 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