The Edge Singapore unveils winners of 2023 Billion Dollar Club
The Edge Singapore has revealed this year’s Billion Dollar Club (BDC) and Centurion Club award winners, recognizing top-performing Singapore-listed companies. BDC honours those with a market cap over $1 billion, while the Centurion Club includes companies valued between $100 million and $1 billion. ESG metrics, assessed by Morningstar Sustainalytics, were integrated into the scoring.
The Edge Singapore is pleased to announce this year’s winners of the Billion Dollar Club (BDC) and Centurion Club.
This annual award recognises Singapore-listed companies that have done better than their industry sector peers in three key metrics: growth in profit after tax, returns to shareholders and last but not least, weighted return on equity.
Winners in the BDC are those with a market cap that is above $1 billion while the Centurion Club recognises companies with a market value of between $100 million and $1 billion.
In recognition of the critical importance of sustainability, ESG metrics provided by Morningstar Sustainalytics were included in the scoring to determine the BDC winners.
Drawing upon the SGX Group’s classification, there are a total of 11 sectors for BDC and 10 industry sectors for the Centurion Club.
While the award is organised every year, the winners are measured based on their performance achieved in the three preceding financial years. By doing so, consistent performance throughout the years can be better taken into account instead of year-by-year changes.
The Edge Singapore has been covering the ups and downs of the Singapore market since 2002. Organising the annual BDC is another way for The Edge Singapore to help recognise companies that have done well, says Bernard Tong, CEO of The Edge Singapore and EdgeProp Singapore.
He urges companies, regulators, market professionals and the media to work more closely together. “It takes two hands to clap but it will take many more hands to come together to give a well-deserving applause. If the various stakeholders of our market ecosystem can work together more closely, there’s a better chance that the investing public, whom we all ultimately serve, will be for the better,” says Tong.
This year’s top BDC winner is The Hour Glass, which deftly captured strong earnings growth amid a surge in demand for luxury timepieces over the past few years.
The Centurion Club is topped by AEM Holdings, a homegrown company that has carved out a strong niche in the notoriously competitive and cyclical semiconductor industry.
Leading local property firm City Developments has been recognised with the Best ESG Risk Ratings award in acknowledgement of its exceptional efforts in sustainable business strategy.
For a full list of the winners, please visit this bdc.theedgesingapore.com.
This year’s BDC would not be possible without the support and sponsorship of the following industry partners: Mercedes-Benz Singapore, the Official Car Sponsor; CIMB Bank Singapore, the Official Bank Sponsor; EY, the Official Knowledge Partner; Morningstar Sustainalytics, the ESG Partner and last but certainly not least, the Singapore Exchange Group as the Supporting Partner.
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