7 SG companies land on Forbes ‘Best Under A Billion' list

The list features 200 top-performing small and mid-sized listed companies in APAC.

Seven Singaporean firms made it to Forbes’ “Best Under A Billion” list, which recognises 200 top-performing small and mid-sized listed companies in the Asia-Pacific (APAC) region.

Companies considered small to mid-sized companies are those with annual sales of above US$10m and below US$1b.

“Companies on this year’s list outperformed despite stiff global headwinds like inflation
and rising funding costs,” Forbes said.

Leading the roster of Singaporean companies by market value is The Hour Glass (US$1.19b), followed by UMS Holdings (US$537m), Food Empire Holdings (US$199m), Nordic Group (US$114m), Singapore Shipping (US$79m), Choo Chiang Holdings (US$50m), and Eggriculture Foods (US$18m).

By sales, The Hour Glass still leads the pack with US$817m, followed by Food Empire Holdings (US$398m), and UMS Holdings (US$270m).