Asia is Home to 50% of World’s Fastest Growing Companies (Nikkei Asian Review)
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
- India Moves Up the Ranks of Asia300 Companies (Nikkei Asian Review)
- No Improvement in Asia Pacific Corporate Payments in 2015 (Coface)
- Southeast Asia Gains New Leverage as China and US Battle for Influence (Nikkei Asian Review)
- Economic Prospects in Several Emerging Asia Countries (Wells Fargo Securities)
- The World in 2050 (PWC)
- Chart: Asia GDP Per Capita Has Risen Sharply Since 1960 (Aberdeen)
- UK Retail’s Most Valuable Shoppers Are From Asian Emerging Markets (Internet Retailing)
- Artemis’ Edelsten: Emerging Markets are Expensive With the Exception of China (What Investment)
- Aberdeen CIO: India Will Surpass China for Growth (FE Trustnet)
- China and India to Overtake U.S. Economy This Century (Bloomberg)