The Boston Consulting Group has recently published a whitepaper (2014 BCG Local Dynamos: How Companies in Emerging Markets Are Winning at Home) listing the following 50 emerging market consumer companies as being “local dynamos” and hence, worth watching:
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| Company | Business | |
| Africa | Discovery Health | Health insurance administrator |
| Douja Promotion Groupe Addoha | Real estate developer and operator | |
| Equity Bank | Commercial bank | |
| Guaranty Trust Bank | Commercial bank | |
| Woolworths | Department store | |
| Zambeef Products | Beef and agricultural goods producer | |
| China | China Minsheng Bank | Commercial bank |
| Dalian Wanda Group | Property developer | |
| HaiDiLao Hotpot | Restaurant chain | |
| Home Inns & Hotels Management | Hotel chain | |
| Jia Duo Bao | Herbal tea producer | |
| Jiangsu Hengrui Medicine | Pharmaceutical company | |
| S.F. Express | Express delivery courier | |
| Tingyi Cayman Islands Holding Company | Food and beverage producer | |
| Xiaomi | Smartphone and consumer electronics producer | |
| Yonghui Superstores | Supermarket chain | |
| India | Amara Raja | Electronics manufacturer |
| Bennett, Coleman & Company | Media company | |
| Flipkart | Online retailer | |
| IndiGo | Airline | |
| Jubilant FoodWorks | Restaurant chain | |
| Micromax | Consumer electronics producer | |
| Narayana Health | Health care provider | |
| Shriram Transport Finance | Commercial finance vendor | |
| Latin America | Banco de Crédito e Inversiones | Commercial bank |
| Cielo | Payment system | |
| Cinépolis | Movie theater chain | |
| Enalta Inovações Tecnológicas | IT solutions provider | |
| GranBio | Biotechnology company | |
| Grupo Financiero Banorte | Commercial bank | |
| Magazine Luiza | Retailer | |
| Ourofino | Veterinary products producer | |
| Quala | Food and beverage company | |
| Middle East and Turkey | Abdi İbrahim | Pharmaceuticals company |
| Abdul Latif Jameel | Auto dealer | |
| Air Arabia | Airline | |
| Almarai | Dairy producers | |
| BiM | Retailer | |
| lC Waikiki | Apparel retailer | |
| Russia | Bashneft | Oil producer |
| Mail.Ru | Internet company | |
| Ozon.ru | Online retailer | |
| Tinkoff Credit Systems Bank | Consumer finance provider | |
| Southeast Asia | Bangkok Dusit Medical Services | Health care provider |
| Bank Rakyat Indonesia | Commercial bank | |
| Masan Group | Food and beverage producer | |
| RhB Banking Group | Commercial bank | |
| SapuraKencana Petroleum | Oil and gas services provider | |
| SM | Retailer | |
| Wings | Personal-care and household products producer |
According to the report:
The 2008 local dynamos have lived up to their potential. They are now thriving companies that have outpaced the competition in their home markets. From 2009 to 2013, these companies’ revenues grew at an average annual rate of 19 percent, exceeding the 11 percent rate of the MSCI Emerging Market Index and the 5 percent rate of the S&P 500. The five-year total shareholder return of the local dynamos also far outstrips other benchmarks. The 32 publicly traded local dynamos returned 25 percent from 2009 to 2013, compared with 18 percent for the S&P 500 index and 15 percent for the MSCI Emerging Market Index. Three of the companies expanded their geographic footprints and became global challengers: goldwind Science and Technology, Bharti Airtel, and AirAsia Berhad. Two went public: goodbaby, of China, and SKS Microfinance, of India. Three of the original local dynamos have been acquired since the 2008 list was released.
To download or read the summary of 2014 BCG Local Dynamos: How Companies in Emerging Markets Are Winning at Home, go to the website of the Boston Consulting Group.
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