8 PH firms included in Forbes Global 2000 list


Eight Philippine companies were among the world’s biggest, most powerful and most valuable companies, according this year’s Forbes Global 2000 list.

Forbes Global 2000 list is a yearly ranking of companies around the world based on their sales, profit, assets and market value.

Topping the list of Philippine firms is SM Investments, which is founded by Henry Sy, Sr. in 1960. It has a market capitalization of $17.8 billion, $7.3 billion-worth sales, $650 million profits, and $17.3 billion assets.

SM Investments, which mainly on operates property, retail, and financial services, ranked 823rd globally.

It was followed by BDO Unibank, another Sy-owned company, with a market capitalization pegged at $10.2 billion. The bank company ranked 1018th in the list.

Next to BDO Unibank is the Gokongwei family’s JG Summit Holdings at 1151st spot,  with $11.6 billion market value.

Ayala Corporation, the conglomerate of the Ayala family, was at 1176th, with a value of $10.7 billion.

Top Frontier Investment Holdings, meanwhile, came at 1228th. It is the the largest shareholder of San Miguel Corp., having a market value of $1.9 billion.

Metropolitan Bank and Trust, also known as referred to as Metrobank, ranked 1531st. It has the market value of  $5.5 billion.

It was followed by Aboitiz Equity Ventures (1793rd) and Manila Electric or Meralco (1947th), with values of $8.4 billion and $6.3 billion respectively.

On the other hand, leading this year’s Forbes Global 2000 list is China’s ICBC, which engages in commercial banking and financial services. It also ranked 21 in sales ($151.4 billion), 2nd in profit ($42 billion), 1st in assets ($3,473.2 billion), and 17th in market value ($229.8 billion).

ICBC was followed by China Construction Bank, with a market value of $200.5 billion.

Completing the top five list in descending order were U.S. companies Berkshire Hathaway, JPMorgan Chase, and Wells Fargo.

“Forbes’ 2017 Global 2000 list faces much pressure amid unsteady geopolitical climates and slowing economies. Yet, in aggregate, these 2,000 companies have managed to come out stronger than last year, with increased sales, profits, assets and market values,” said Forbes Media’s deputy editor for investing Halah Touryalai.

All Credit Goes There : Source link