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3 Billion-Dollar Companies You Might Not Have Heard Before

The Straits Times Index (SGX: ^STI) is made up of 30 companies and they are considered to be some of the companies with the biggest market capitalisations in Singapore’s stock market.

But, there are many other companies with billion-dollar market caps that are outside the Straits Times Index. Here are three such companies that you might not have heard about before.

AusNet Services Ltd (SGX: X04) is the largest energy delivery service company in Victoria, Australia. The company, which is also listed in Australia besides Singapore, distributes electricity and gas to consumers.

With a market capitalization of more than S$5.0 billion, AusNet Services is actually similar in size to Straits Times Index constituents like Ascendas Real Estate Investment Trust (SGX: A17U) and Hutchison Port Holdings Trust (SGX: NS8U), which have market caps of S$6.1 billion and S$4.0 billion, respectively. Being a utility, AusNet Services has been consistently profitable over the past decade. The company has also been paying dividends consistently, with a dividend yield of 5.7% at the moment.

GL Ltd (SGX: B16), previously known as GuocoLeisure Limited, is a company that’s mainly involved with hotels management and operations. The company is the largest hotel owner operator in London, with 17 hotels in the city. GL also has a small gaming business and a stake in some oil & gas projects. The S$1.1 billion company is part of the Hong Kong-listed Guoco Group Limited and is linked to the Hong Leong Group of companies.

Tianjin Zhongxin Pharmaceutical Group Corporation Ltd (SGX: T14), which is dual-listed in both Singapore and Hong Kong, is the third in our list. It is a S$2.0 billion company based in China. The company’s main business is in the manufacture and distribution of traditional Chinese medicine, Western medicine, and other healthcare products in China. The company has grown its net income steadily over the years, from just RMB131.2 million in 1998 to RMB357.8 million in 2014. That is an annual growth rate of 6.5% over 16 years.

Foolish Summary

Although market participants might pay more attention to the 30 companies that are part of the Straits Times Index, there are actually many other large and established companies that are listed here in Singapore.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore writer Stanley Lim does not own shares in any companies mentioned above.