For the second straight year, Noble Group has been named to the Forbes Fabulous 50, Forbes third annual compilation of Asia's best public companies.
To assemble the list, Forbes studied long-term profitability, sales and earnings growth, stock price appreciation and projected earnings for every company in the region with revenues or market capitalisation reaching $5 billion and above.
Noble is joined by new entrants Neptune Orient Lines and SembCorp Industries as the only three companies to appear listed on the Singapore Exchange. The Fabulous 50 List appears in the Sept 17 issue of Forbes Asia.
Indeed, Noble's share price has appreciated more than 800% if you had held the share since its IPO in 1997. It is still the best performing share within its market capitalisation category. During this period, Singtel appreciated a mere 20%, Capitaland 70% and even the bigger DBS +200%.
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