Seven Indian firms, Including reliance industries And reliance capital From the two Ambani groups, have been named among Asia pacific 20 best companies In terms of expected investor returns over next Five years.
The list Titled “ tomorrow’s winners” Prepared by global Investment banking giant Morgan Stanley also includes telecom Major Bharti Airtel, engineering and Construction major Larsen and Toubro, Kishore Biyani-led pantaloon retail, infrastructure company IDFC And real estate Firm Sobha developers.
“Of the companies Selected, More than half are listed in either China or India. Many of these are capitalizing on major secular trend, Such as infrastructure investment and per Capita Consumption Growth,” Morgan Stanley said in a report.
“The rapid growth Of Asian markets, India and China in particular, Has led to an unparallel Focus On the region and it’s business,” It said adding that these are the companies That can build on their competitive edge over the Long term and consistently deliver outstanding Shareholder returns.
The companies chosen lead their domestic competitors and are strong enough to withstand competition from abroad. The Majority operate in industries that have high barrier to entry. The list was Prepared after the reviewing companies, their industries and repetitive competitive advantage.
Besides seven Indian firms, there are Six listed in Hong Kong to each in China, Taiwan and Korea and One in Australia. The Hong Kong listed firm are Belle international, China Mengninu Dairy, Espirite Holding, and Cayman Island –based Tingyi Holding Corp. the two Korean firms are Samsung Techwin and Woori Finance Holdings, while those from Taiwan are Fox-conn Tech and Gemtek Tech.
Shanghai Zhenhua port Machinery Co. and Shanghais Investment, two other companies on the list are listed in China at Shanghai and Shenzhen stock exchange respectively. About Indians most valued firm RIL, Morgan Stanley said that its consolidated net profit and asset base would more than double in next five years.