(May 18, 2021, Pasay City, Philippines) SM Investments Corporation (SM Investments) leads Philippine firms in the Forbes 2021 Global 2000, the 19th annual ranking of the world’s largest public companies. Only six Philippine firms made it to the list.
SM Investments has the biggest market value ($24.3b) while BDO is the most profitable ($569.5m) among Philippine firms.
SM Investments ranked #877 while its banking arm, BDO Unibank ranked #1,159 in the global list.
The Forbes Global 2000 list measures the world’s largest public companies in terms of four equally weighted metrics: assets, market value, sales and profits.
According to Forbes, the 2,000 companies on the list offered a glimpse into the early economic implications of the COVID-19 pandemic. These companies have seen their collective market capitalization surge 47% to $79.8 trillion, while their collective revenues slipped 6% to $39.8 trillion and profits have fallen 24% to $2.5 trillion. Despite sales and profits to be down for the Forbes Global 2000 companies, total assets and market value were up.
Globally, the Forbes Global 2000 list is dominated by Industrial & Commercial Bank of China (#1) followed by JP Morgan Chase & Co (#2), Berkshire Hathaway (#3), China Construction Bank (#4) and Saudi Aramco (#5). For full list, click here: https://www.forbes.com/lists/global2000/#5b546dc5ac04