th images menu user export search eye clock list list2 arrow-left untitled twitter facebook googleplus instagram cross photos entrep-logo-svg

Who’s In, Out Among Giant PH Firms in Forbes’ Global 2000 List?

Find out the surprising changes in the local companies that made it to the exclusive ranking
By Lorenzo Kyle Subido |

 

 

Eight Philippine corporations made it to Forbes magazine’s 15th annual listing of the world’s 2,000 largest public companies by market value, the Global 2000.

 

That is one less than the nine companies that made last year’s list.

 

Returning to the list after being absent in the past four years is BDO Unibank, the financial arm of Henry Sy’s SM Group. BDO ranked 1,018th in the list, the second highest among the eight Philippine companies, with a market value of $10.2 billion. It was last included in the list in 2012 when it ranked 1,966th.

 

BDO’s interest income grew 14 percent to Php82 billion last year, which the company attributed to “expansion in customer loan portfolio as well as improvement in funding mix,” it said in its latest annual report. As of end-April, its share price grew by 20 percent year-on-year. 

 

BDO’s largest rival by market capitalization, the Ayala-owned Bank of the Philippine Islands (BPI), failed to make it to the list this year after being included in the last five listings. BPI also saw growth in interest income and share price, though they were slightly smaller than BDO’s growth at 11 percent and 16 percent respectively.

 

Also dropping out of the list this year is telecommunications giant PLDT Inc., which has been on the Global 2000 list for the past 11 years, longer than any other Philippine company. The telco’s revenues fell by three percent year-on-year in 2016 while its net income also dropped by nine percent. Its share price fell to a low of Php1,260 in December 2016, but it experienced a three-percent increase year-on-year as of end-April.

 

 

Related story: 3 Ways MVP is Planning to Turn PLDT’s Fortunes Around 

 

 

Seven other Philippine companies remain in the Global 2000 from last year’s list. BDO parent company SM Investments is the highest-ranking Philippine company for the third year in a row with a market value of $17.8 billion. All in all, the eight Philippine companies on the list have a total market value of $72.4 billion.

 

The Global 2000 is Forbes’ annual listing of the world’s 2,000 largest publicly listed companies. Aside from market value, the US-based magazine also looks at the company’s profits, sales and assets before making the definitive ranking. Leading the global list for the fifth consecutive year is the Industrial and Commercial Bank of China with a market value of $229.8 billion. All companies on the list have a combined market value of $48.8 trillion.

ADVERTISEMENT - CONTINUE READING BELOW

 

“The 2017 Global 2000 is bigger and more valuable in the aggregate than last year's list,” said Forbes Senior Investing Producer Corinne Jurney. “The list as a whole is significantly more valuable from the year prior, with aggregate market capitalization up 10 percent.”

 

 

*****

 

 

 Lorenzo Kyle Subido is a staff writer of Entrepreneur PH

Latest Articles

What Opportunities are Investors from Other ASEAN Countries Seeing in the Philippines?

A look at the biggest projects registered by Southeast Asian firms with the gov't in the last 6...

byPauline Macaraeg | November 19, 2017 09:00:00

10 Commandments of Successfully Managing a Business Crisis

Commandment number one is beginning preparing before anything has gone wrong

byTor Constantino | November 19, 2017 08:00:00

Help Is on the Way! (for 5 Common Obstacles Every Entrepreneur Faces)

A little creative thinking can solve big problems

byThomas Smale | November 19, 2017 06:00:00

10 Ways You're Being Tracked Without You Knowing It

Everything we do online and with technology leaves a footprint

byNina Zipkin | November 19, 2017 02:00:00

How to Teach Your Daughter Girl Power, According to This Self-Made Billionaire

Teach these lessons to your girls so they can grow up to be strong, confident and happy

byKitty Elicay for SmartParenting.com.ph | November 19, 2017 00:00:00

How Much Does it Cost to Review for the Bar Exams in the Philippines?

The fees vary but are roughly equivalent to new college graduates’ average starting monthly salary

byElyssa Christine Lopez | November 18, 2017 09:00:00

The 3 Types of People at Work Who Waste Your Time and How to Deal With Them

Do any of these time suckers work at your company? Here's how you can avoid them

byDan S. Kennedy | November 18, 2017 08:00:00

by |

5 Big Mistakes Young Entrepreneurs Just Keep Making

The reality of running a high-growth startup is that the company is your boss

byDeep Patel | November 18, 2017 06:00:00

Entrepreneurs Aren't Risk-Seekers -- They Just Handle Risk Better

Managing risk is in entrepreneurs' DNA

byJohn Suh | November 18, 2017 02:00:00

Billionaires Are Teaching Their Kids Mandarin and You Probably Should, Too

There's a reason Mark Zuckerberg learned Mandarin

byYsa Singson for Cosmo.ph | November 18, 2017 00:00:00

Hershey Hilado, Homeless Ilongga Turned Aussie Millionaire, Topbills Speakers at Nov. 18 Entrepreneurship Conference

Event in Miriam College Quezon City is part of Global Entrepreneurship Week celebration in the...

byPauline Macaraeg | November 17, 2017 10:00:00