Sappe Public Company Limited (SAPPE) was one of 13 Thailand’s listed companies named on the annual Forbes Asia’s Best Under A Billion list, which recognizes 200 Asia-Pacific public companies with less than $1 billion in sales for their great performance and resilience. This reflects Sappe’s potential in running its business and highlights its image of an innovative organization amid challenges from various crises. The company is determined to make this Thai brand to become a strong and sustainable “Global Brand” in all continents.
Sappe Chief Executive Officer, Ms. Piyajit Ruckariyapong, said it is the first time for the company to be listed on Forbes Asia’s Best Under A Billion and was among 13 Thai public companies which were named on the list this year. Being on Forbes Asia’s annual list has reflected Sappe’s capability in running its business while encountering challenges from the crisis across the world. The flexibility in the fast-changing world is among the vital factors which make Sappe being able to grow both in the domestic and foreign markets in the recent period with 12 brands from five categories exporting to 98 countries worldwide. The exporting products include fruit juice, functional drinks, instant beverage powder, and healthy snacks as the company aims to push this Thai brand to become a strong and sustainable “Global Brand” in all continents.
Forbes Asia’s 200 Best Under A Billion list is an annual selection of 200 from 20,000 listed companies in the Asia-Pacific region with yearly sales above $10 million but less than $1 billion. The companies on this list were selected base on the latest sales figures, factsheet and other relevant researches to meet the criteria which include notable revenue and profit in the past three years, strong average returns on equity in a five-year period, low debts and good corporate governance.
In addition, qualitative screens were also applied in the selection such as being companies with good governance, reliable accounting and good management and without environmental and legal problems.