Tencent leads 1,679 ‘ten baggers’ and India emerges as top incubator, data show.
Ten years after the global financial crisis, Asia is booming. Buoyed by more affluent consumers, companies there have experienced explosive growth. Their next challenge, as local economies mature, will be pitching their products to the rest of the world.
1,679 Asian companies have increased their market capitalizations by more 10 times over the past decade, according to a breakdown of Nikkei data. That is more than half of all “ten baggers” around the world. The figure does not include companies in the Middle East, Central Asia or Japan.
A ten bagger in baseball refers to a player who gets 10 base hits in a game. In finance, the term describes a company whose stock has risen 10 times or more in price. READ MORE
Similar Posts:
- North Asia vs South Asia: Differentiation is Key (DWS)
- Aberdeen CIO: India Will Surpass China for Growth (FE Trustnet)
- Powell Pushing Asia Into a New Financial Crisis (Asia Times)
- Global Emerging Markets: Country Allocation Review 2021 (Federated Hermes)
- India Moves Up the Ranks of Asia300 Companies (Nikkei Asian Review)
- MOBIUS INVESTMENT TRUST: Mobius Scans Far Horizons as China Shunned – Manager Carlos Hardenberg Says he is Facing Strong Headwinds (Daily Mail)
- No Improvement in Asia Pacific Corporate Payments in 2015 (Coface)
- The World in 2050 (PWC)
- China’s $5 Trillion Rout Creates Historic Gap With Indian Stocks (Bloomberg via Business Standard)
- Emerging Asia Risks Never Growing Rich (Nikkei Asian Review)
- Economic Prospects in Several Emerging Asia Countries (Wells Fargo Securities)
- 8 of 10 Fastest Growing Markets are Frontier Markets (Mobius Blog)
- Coronavirus Tests India’s Vaccine Makers in R&D Capability (Nikkei Asian Review)
- UK Retail’s Most Valuable Shoppers Are From Asian Emerging Markets (Internet Retailing)
- How China has Dragged Down Investor Returns Over the Past Decade (Forbes India)