Four HK companies make it to Forbes ‘Best Under A Billion' list

Numbers of top-performing small and mid-sized listed companies in the city remain unchanged.

Four Hong Kong-based firms made it to Forbes’ “Best Under A Billion” list this year, including three new entrants.

The list recognises 200 top-performing small and mid-sized listed companies in the Asia-Pacific (APAC) region with annual sales of above US$10m and below US$1b.

Leading the roster of Hong Kong companies by market value is still Plover Bay Technologies Plover Bay Technologies (US$841m) which doubled comparing with last year, followed by Azeus Systems Holdings (US$399m), Infinity Development Holdings (US$72m), and MS Group Holdings (US$24m).

Three companies listed last year, Mainland Headwear Holdings, Lion Rock Group, and Town Ray Holdings, were no longer on the latest list.

By sales, Plover Bay Technologies Plover Bay Technologies leads with US$117m, followed by Infinity Development Holdings (US$94m), Azeus Systems Holdings (US$61m), and MS Group Holdings (US$54m).