JG Summit Holdings Inc. (JGSHI) has joined the ranks of the top 20 multinationals from Asia that have delivered the greatest gains in corporate value for their corporate stakeholders, according to the Tokyo-based business magazine Nikkei Asian Review.
JGSHI and its chief operating officer Lance Gokongwei are the only Philippine listed company and executive to be part of the coveted ranking whose roster includes the list of the corporate who's who in the region such CK Hutchinson Holdings and its chairman Li Ka-shing from Hong Kong, Samsung Electronics and its chairman Lee Kun-hee from South Korea, Singapore Telecommunications and its CEO Chua Sock Koong from Singapore, Tata Consultancy Services and its CEO Natarajan Chandrasekaran from India, Taiwan Semiconductor Manufacturing Co., and its chairman Morris Chang from Taiwan, and Baidu and its chairman Robin Li Yanhong from China, among others.
In a recent issue, Nikkei Asian Review said it had selected 20 MVPs (MVP) or major value producers from its Asia300 list of leading companies, with a focus on their long-term performance. For this ranking, Nikkei used market capitalization as criteria in drawing up the listing, it being one of the most universal yardstick for measuring a strength of listed companies.
To determine the MVPs, it identified the top market cap gainers among Asia300 companies since the end of 1999, or if later, from the date of their initial listing. Companies whose market cap had not recovered to pre-financial crisis levels were excluded from consideration, as were those that listed or changed their top leaders after 2010. Other criteria, such as company location and sector, were also factored in. Leaders could be chairperson, CEO, president or in some other position, depending on the company.
"We are proud to be named one of the '20 Asian MVPs' by the prestigious and highly respected business publication Nikkei Asian Review. This, we believe, is a recognition primarily of JGSHI's commitment to deliver great shareholder value to our customers and our shareholders," Mr. Gokongwei said.
He added that this also reaffirms JG Summit's vision to become the leading conglomerate in the Philippines poised to lead the country to global competitiveness. "Certainly this is a great honor for all of us to be in the same company as the top conglomerates in the region. This we think have all been made possible by the collective efforts of all JG Summit employees who continuously challenge themselves to strive for excellence driven by our core values of passion to win, dynamism, integrity and courage."
The magazine described its list of 20 most prominent value creators as one that included corporate heavyweights and rising stars coming from a variety of countries in Asia – from India, Indonesia, Singapore, South Korea, China and the Philippines – who are engaged in a wide and varied range of business activities such as the Internet, IT services, food, and finance.
Nikkei Asia Review forms part of Nikkei's business publications and acquired in November 2015 the Financial Times of London.