Top 1000 Sme Companies In Singapore – TORRINGTON, Conn. , Aug. 14, 2020 /PRNewswire/ — Dymax Corporation, a leading manufacturer of rapid curing materials and equipment, is pleased to announce that its Singapore subsidiary, Dymax Asia Pacific Pte Ltd., has received the Singapore 1000 & Singapore Small and Medium Business Award 1000 in its annual ranking of best companies in 2020. And received the award of one of the winners of the Dun & Bradstreet Business Eminence Award.
The Singapore 1000 ranking family (Singapore 1000 and Singapore SME 1000) is the prestigious guide that ranks the country’s top companies each year. For more than 30 years, they have been profiling the success of companies based on financial indicators such as revenue, net profit, return on equity and foreign earnings. Considering all companies and without the need for paid nominations, the Singapore 1000 analyzes more than 70,000 audited financials each year to arrive at the top 1,000 corporations and SMEs in Singapore. The sites are shared publicly and distributed to government sectors, embassies, commercial organizations, banks, universities and libraries.
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D&B Business Eminence Award nominees receive this distinguished recognition for their achievements as an entrepreneurial company that has contributed to Singapore’s business landscape in recent years. The applicant evaluation and selection process is based on Dun & Bradstreet’s proprietary financial model, which recognizes top performing companies and helps raise their international profile. The D&B D-U-NS trademark resonates with customers, suppliers and business partners.
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Dun & Bradstreet has the largest business database in the world, with more than 240 million business records derived from 30,000 data sources. Some of the world’s largest and most successful technology and service companies incorporate Dun & Bradstreet data into their offerings.
Dymax Asia Pacific Pte Ltd he joined the ranks of this prestigious group being recognized for his skills and contributions.
Dymax Corporation develops innovative fast and lightweight curable materials, dispensing equipment and UV/LED light curing systems. The company’s adhesives, coatings and tools are perfectly matched to work seamlessly together, providing design engineers with tools to dramatically improve manufacturing efficiency. Key markets include aerospace and defense; medical device; and consumer electronics and automotive.SINGAPORE, 16 February 2017 – The strong performance of Singapore’s financial companies in the 2017 Singapore 1000 (S1000) ranking confirms the country’s position as the region’s leading financial centre.
Anniversary this year – ranks Singapore’s 1,000 largest companies by revenue1, while the SME 1000 ranks the performance of the top 1,000 SMEs. They are published alongside the Singapore International 100, which tracks the performance of Singapore’s best-performing international companies.
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The rating body and publisher is DP Information Group (DP Info), part of the Group of Companies. The rankings are co-produced by EY, which provides independent verification of the accuracy of the results and confirms their authenticity.
According to the latest rankings released today, the financial sector was the only industry to achieve double-digit revenue and profit growth in the S1000 and SME1000 rankings.
Compared to the 2016 rankings, S1000 financial companies increased their combined revenue by 10.4 percent, from $107.2 billion to $118.3 billion.
The SME1000 financial companies also performed strongly, with revenue up 23.5 percent from $593.8 million to $733.4 million, while its consolidated profit rose an impressive 66.6 percent from $128.8 million to $214.5 million.
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Reflecting the sector’s strong performance, financial companies increased their representation in the S1000 and SME1000 rankings compared to last year. In the S1000, the number of financial companies increased from 33 to 39, while in the SME1000 their number increased from 24 to 26.
There are several reasons why Singapore is consolidating its position as the region’s leading financial center. First, Singapore is benefiting from private wealth growth in the region, with Asia-Pacific private wealth surpassing that of North America for the first time last year2. Singapore’s reputation for stability, combined with a highly developed and innovative wealth management sector, means that the nation attracts a significant share of investment from high net worth individuals.
Second, Southeast Asia has a relatively low level of insurance penetration and is experiencing growth in the value of gross written premiums. Singapore companies recorded strong growth in written premiums in the life and general insurance categories3.
Sonny Tan, managing director of DP Info, said the S1000 results confirm Singapore’s position as the region’s leading financial centre.
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“In 2016, Singapore moved to third place in the Global Financial Center Index 4, making it Asia’s leading financial center.”
“It is clear from this year’s S1000 that the strong performance of the country’s financial companies is one of the main reasons why Singapore is rising in international financial services rankings.”
“Singapore is home to some of the best-managed and most profitable financial companies in the world. The country’s strong business culture, efficiency and skilled workforce continue to attract world-class companies to locate here.”
“We expect the next wave of growth for the financial industry to be driven by fintech as Singapore’s fintech sector develops its capabilities and infrastructure.”
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“Since 1987, the Singapore 1000 ranking has been an invaluable record of the strengths, weaknesses and triumphs of Singapore’s corporate community. With the S1000’s 30th anniversary, we are planning activities throughout the year to celebrate the achievements of Singapore’s top corporate leaders , as well as to identify future business stars,” Tan said.
Lim Tze Yuen, Assurance Partner, Ernst & Young LLP said the Singapore 1000, SME1000 and Singapore International rankings are a huge task.
“Every year, the annual returns of more than 70,000 companies are reviewed and analyzed to arrive at the definitive lists.”
“The reason these rankings and awards have lasted for three decades is the objective data-driven approach built into the ranking methodology,” Lim said.
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Financial companies were the only sector to improve their profits in the S1000 and SME1000 rankings. Financial firms also have the highest profit margins of any industry sector, with S1000 companies and SMEs generating profit margins above 20 percent.
Among companies listed on the S1000, those in the real estate sector made the biggest profit (27.3 percent), followed by Finance (22.8 percent) and Services (14.1 percent).
Among SMEs (27.4 percent), holding companies had the largest gains, followed by financial companies (27.3 percent) and real estate companies (17.2 percent).
The combined revenue of Singapore’s top 1000 companies fell 8.3 percent to A$2.8 trillion compared to the 2016 ranking period.
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The reason for the decline was a $329 billion drop in revenue from the wholesale fuels sector. This reduction was the result of the rapid drop in oil prices.
At the start of the 2016 qualifying period (June 2014) oil prices were above $100 per barrel. By the start of the current rating period (June 2015) the price of a barrel had fallen to US$60 per barrel, falling to US$29 in January 2016.
If the Wholesale Trade Fuels subsector and its large drop in revenue were excluded from the ranking, the combined revenue of all other S1000 sectors would increase by $80 billion.
The combined profit of S1000 companies fell 5.4 percent to A$165.4 billion, mainly due to lower profits in the property and manufacturing sectors.
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Singapore’s top 1000 SMEs increased their combined revenue and profit compared to the 2016 ranking. Combined revenue increased by 3.7 percent to S$30.2 billion, while combined profit increased by 4.3 percent hundred to 3.5 billion dollars.
Transport/warehousing SMEs significantly increased their number in the top 1000 from 106 to 124. This increase saw their combined revenue increase by 31.4 per cent to A$3.5 billion and their profits increase by 70, 5 percent to A$566.6 million.
The analysis of the performance of each sector over the past five years confirms again that the financial sector is the one that stands out the most.
In the 2012 S1000 Ranking, financial firms generated combined revenues of $63.1 billion. The site generated $118.3 billion in sales this year, an 87.5 percent increase in just five years. This equates to a five-year CAGR of 17.0 percent.
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The next best performing sector was the Transportation/Storage sector, which grew its revenue by 52.5 percent over five years with a CAGR of 11.1 percent.
The financial sector is also the only industry that has increased its revenue in each of the past five years.
Overseas revenue of Singapore’s top 100 multinational companies fell 9.9 percent to S$185.9 billion compared with 2016. This follows an 8.7 percent drop in international revenue last year.
Sales from China, Southeast Asia, Europe and the Americas were all lower than in 2016, although more sales were recorded from Oceania and India.
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Singapore 1000, SME 1000 and Singapore International 100 are ranked and published by DP Information Group with EY as co-producer. It is supported by the Singapore Business Federation, IE Singapore, SPRING Singapore, ACRA and IMDA. Official media partners are The Business Times and Fortune Times.
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