Top 100 HK-listed Companies 2011: China Mobile Retains The Championship

05 Jan 2012

After months of meticulous research and calculation, the "Top 100 Hong Kong-listed Companies 2011" results are officially announced today. The ranking clearly shows that mainland-based enterprises continue to constitute a high proportion of the territory’s top-tier listed companies, with mainland financial stocks leading the way. Overall, mainland-based enterprises in finance and real estate/construction sectors account for the highest percentage of all the ranked companies and China Mobile Ltd. bagged the 1^st position on the list for a second time.

China’s largest Internet portal, Tencent (QQ.com) and Hong Kong’s prestigious investor-focused financial website, Quamnet.com, have jointly organized the ranking for the second year. The ranking gained ardent support from the Chamber of Hong Kong-listed Companies and local academic institutions; Dr. Billy Mak, Associate Professor at Department of Finance and Decision Sciences of the Hong Kong Baptist University (HKBU) served as an independent advisor to develop the list. As with similar lists in major markets around the world, the latest ranking is an important reference to assist investors in identifying the value of outstanding Hong Kong-listed stocks.

"Top 100 Hong Kong-listed Companies" is the first ranking jointly launched by parties across the mainland and the HKSAR. Any company listed on the main board of the Hong Kong Stock Exchange (HKEx) with at least one annual report on or before 30 September, 2011 will automatically be reviewed for the ranking. In order to emphasize comprehensive performance rather than a single perspective, all companies have been evaluated by five criteria: market capitalization (45%), net profit (35%), revenue (10%), return on equity (5%) and dividend yield (5%). Calculations are based on the closing stock prices on 30 September, 2011 and data from these companies’ latest annual reports dated on or before 30 September, 2011. The final list is therefore determined with weighted composite scores of the above-mentioned five criteria, and the lower the score is, the higher the position will be.

China Mobile leads the ranking again. In three primary weightings (market capitalization, net profit and revenue), the telecommunication giant is ranked the 1^st, 4^th and 4^th position, respectively. However, unlike other H-share companies, it should be noted that China Mobile is listed under the red chip category, and 100% of the company’s shares are counted in the market capitalization, while HKEx standards exclude H shares from the calculation of market value of other mainland companies.