Reading The Tables

Current BW Magazine Table of Contents

October 24, 2005 BW Magazine Table of Contents

October 24, 2005 Asia BW 50 Table of Contents

Asia's BW50

2005 Rankings

1	PTT
2	PetroChina
3	Oil and Natural Gas
4	S-Oil
5	Tata Steel
6	POSCO
7	Shinhan Financial Group
8	LG Corp.
9	Samsung Electronics
10	MISC (Malaysia IntÕl. Shipping)
11	Taiwan Semiconductor Mfg.
12	Hon Hai Precision Industry
13	AU Optronics
14	Formosa Chemicals & Fibre
15	Mitsui OSK Lines
16	Reliance Industries
17	CNOOC
18	Tata Motors
19	Hyundai Mobis
20	Komatsu
21	LG Electronics
22	China Petroleum & Chemical
23	Philippine Long Distance Telephone
24	PT BUMI Resources
25	Shell Refining (Federation of Malaya)
26	Sumitomo Metal Industries
27	PT Astra International
28	Thai Petrochemical Industry
29	Kobe Steel
30	Aluminum Corporation of China
31	High Tech Computer
32	Toyota Tsusho
33	Nippon Mining Holdings
34	Formosa Plastics
35	Jilin Chemical Industrial
36	Larsen & Toubro
37	China Steel
38	Esprit Holdings
39	Infosys Technologies
40	LG.Philips LCD
41	China Mobile (Hong Kong)
42	Sinopec Zhenhai Refining & Chemical
43	ICICI Bank
44	Siam Cement Group
45	Sinopec Shanghai Petrochemical
46	Matsui Securities
47	Yamada-Denki
48	Kawasaki Kisen Kaisha
49	Orix
50	Nippon Steel

Data: Standard & Poor's Compustat

OCTOBER 24, 2005

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THE ASIAN BUSINESSWEEK 50

The Best Asian Performers

Reading The Tables

Scoreboard: The Asian BusinessWeek 150 (.pdf)

THE ASIAN BUSINESSWEEK 50

Reading The Tables
Methodology for ranking the Asian 150

The companies in the Asian 150 list were drawn from the Standard & Poor's/Citigroup Pan Asia Index as of Sept. 30, 2005. The Pan Asia Index consists of the companies in the Primary Market Indexes for the developed and emerging markets of Asia. From that list, companies from Australia and New Zealand were removed, as were secondary and tertiary issues of companies already on the list. Companies not in the Standard & Poor's database of companies could not be included. Finally, we removed companies where the latest available data were for a fiscal year that ended before June 30, 2004. We then ranked the remaining companies. What you see in the tables on the following pages are the top 150 companies after that ranking.

Here is how we computed the ranking: The primary gauge of performance is growth in sales and earnings. BusinessWeek tallies these figures for the latest available fiscal year, but we also factor in three-year growth in order to reward those companies that keep on producing superior growth and profits over a longer term. Three-year growth rates can also provide a big boost for companies that completed large mergers or made major acquisitions during the measurement period, since the method compares companies' growth in sales and profits over the three years. South Korea's Shinhan Financial Group (SHG ) (No. 7) falls into this category because it made a series of acquisitions over the last three years.

To get a read on how well management is employing assets, we factor in net margins and return on equity. And shareholder returns for one- and three-year periods tell us how investors are scoring each company's results. Then we weigh the results for sales volume to make up for the fact that it is easier for small companies to score big percentage gains than it is for large ones.

Companies that made it into the top 50 did not all have stellar years, and some that had a banner earnings year did not rank among the top 50, which simply demonstrates that the rankings depict more than a single year of performance. Indeed, the top rankings for this first year reflect the fact that over the past three years, oil, steel, and other basic materials companies boasted enormous growth and profits thanks to high demand. In future years, expect some of those high-growth technology companies lower on the list to move up.

Standard & Poor's, like BusinessWeek, is a division of The McGraw-Hill Companies.

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