Economists increase the guard with the economic downturn in Asia. It was not free from India's economic growth slowed during the last five quarters, starting from January 2010 to March 2011. However, amid fears that the economic slowdown, the Asia remains a region with the most rapid economic growth. Various companies in the region continue to increase in sales, ranging from mining companies in Australia to retail companies in Southeast Asia.
As quoted from page VIVAnews.com cnbc.com, Thursday, June 9, 2011 there were 15 companies that are considered the fastest growing visible from the average growth per year.
To ensure that this achievement is not temporary, CNBC data collection contains data on the performance of the average growth per year from the company for five years starting from 2005 until 2010.
CNBC data also limit the list only for corporate companies who listed the shares on the stock market and a benchmark in the Asia-Pacific. In addition, the company's market capitalization is limited to a minimum of U.S. $ 50 million to ensure that the number of shares outstanding is really liquid.
Among the 15 large corporations, there are three Indonesian companies able to enter the top 10 fastest growing companies.
Here is a list of 10 fastest growing companies in the Asian region:
10. Join In Holding (China)
Average growth per year: 183 percent. Industry: real estate.
Join In Holding is a Chinese property company based in Huangshi, Hubei Province southeast.
The company was established in 1990, before 2008 still using the name of Hubei Tianhua Holding Company. Join in Holding now has a market capitalization of U.S. $ 485 million (Rp 4, 36 trillion) and listed its shares on the Shanghai Stock Exchange.
In 2010, the company recorded revenues of U.S. $ 17.2 million (Rp154, 8 billion) increase from the previous year amounted to U.S. $ 12.4 million (Rp111, 6 billion).
9. Young Fast Optoelectronics (Taiwan)
Average growth per year: 188 percent. Industries: technology.
Young Fast Optoelectronic is Taiwan's largest manufacturing company which manufactures the touch sensor panel of small and medium-sized.
The company was founded in 1999 and has one plant each in Taiwan and Vietnam, and two factories in China. Young Fast has a market capitalization of U.S. $ 934 million (Rp8, 41 trillion) and produces 12 million sensors per month.
Young Fast which listed the shares on the Taiwan Stock Exchange is normally supplying touch sensors and touch module for smart phone company HTC, and two South Korean firms are Samsung and LG.
8. Ancora Indonesia Resources (Indonesia)
Average growth per year: 201 percent. Industries: natural resources.
Ancora Indonesia Resources is a natural resource mining company that focuses on metal mining, oil and other minerals.
Companies listed on the Indonesia Stock Exchange has two operating subsidiaries namely that MNK is the only company in the country that is engaged in mining of ammonium nitrate. One other company is Bormindo involved in drilling for oil on land.
This year, Ancora target perndapatan grew 25 percent with a market capitalization reached U.S. $ 66.9 million (Rp602, 1 billion).
7. Paladin Energy (Australia)
Average growth per year: 216 percent. Industries: natural resources.
Paladin Energy is the second largest uranium mining company in Australia and has several projects in Australia, Africa, and Canada.
With a market capitalization of U.S. $ 2.7 billion (Rp24, 3 trillion), a company listed on three exchanges of the world as well as the Australian Securities Exchange, the Toronto Stock Exchange, and the Namibian Stock Exchange.
As natural disasters that hit Japan in March, the market share of uranium mining companies, including Paladin dropped because of concerns some delays nuclear plant project.
Paladin has posted a record increase production by 47 percent and 31 percent increase in sales in the last nine months compared to same period previous year.
6.Roc Oil (Australia)
Average growth per year: 217 percent. Industries: natural resources.
Roc Oil is an oil and gas company with a market capitalization reached U.S. $ 284 million (Rp2, 56 trillion). Last year, the company posted revenues of U.S. $ 235.4 million (Rp2, 11 trillion).
The company was founded in 1997 and listed its shares on the Australian Stock Exchange in 1999. Roc Oil has been engaged in the exploration and production of crude oil and natural gas. Wells owned mines which are in Australia, England, Mauritania, Angola, China, and New Zealand.
Roc Oil also has worked with a number of mining companies from China, Petrochina and CNOOC, Petronas of Malaysia, the national and state-owned mines, Pertamina (Persero). To be continued ... • VIVAnews
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