The list of top valuable companies in Asian in 2011 has been compiled and worldwide unveiled. According to CNBC, Asian countries have been suffering from continuously devastating nature disasters and changes in oil prices which shapely result in the list. Here are ten top valuable firms in Asia.
PetroChina, which was found in 1999, is the largest oil company in China by sale and revenues. The giant PetroChina owns a range of 18,000 branded service stations which distribute to $329.6 billion of market cap and income of $222 billion in 2010. Needless to say, the 1st rank is positively affected by rising global oil prices.
Industrial & Commercial Bank of China
The second position comes to Industrial & Commercial Bank of China (ICBC). Reportedly, ICBC earned $25 billion of profit last year and has the largest market cap.
China Construction Bank
Thanks to the loan expansion in financial crisis, Construction Bank – the country’s second-largest bank, boasted a value of 15 percent over the last year.
Over the past year, users of China Mobile grow up to individually 600 million which brought back $48 billion in cash in 2011.
BHP Billiton is the global resources company which increased the market cap by 11 percent over the last year.
Bank of China
Bank of China is the fourth-largest lender and largest foreign exchange bank in China
Agricultural Bank of China
Agbank earns profit of $22.1 billion from Hong Kong and Shanghai which dramatically turned it into the biggest IPO in history.
Despite the March 11 earthquake struck which caused 11 lost percent in Toyota Motor’s value, the company still sits in the 8th position of the list.
Samsung is the most valuable company in South Korea. The company was founded in 1969 in Daegu, South Korea and still remains as a family affair.
CNOOC is the top offshore oil producer in China. The company earns more than 40 percent in market value over the past year