4 HK companies land on Forbes ‘Best Under A Billion' list

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

Four Hong Kong-based firms made it to Forbes’ “Best Under A Billion” list which recognizes 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 Hong Kong companies by market value is Plover Bay Technologies (US$414m), followed by Mainland Headwear Holdings (US$96m), Lion Rock Group (US$93m), and Town Ray Holdings (US$86m).

By sales, Lion Rock Group leads the pack with US$319m, followed by Mainland Headwear Holdings (US$239m), Town Ray Holdings (US$105m), and Plover Bay Technologies (US$87m).