Hong Kong’s Most Valuable Companies 2009

Jan. 31, 2009 - PRLog -- CHOPARD becomes the only global luxury goods company to make it to the globally recognized list titled Hong Kong’s Most Valuable Companies, for 2009. The list released annually features the region’s most proactive companies serving key industries including banking and finance, human resources, management, luxury goods, infrastructure, transport, tourism and telecom.

Companies are handpicked annually, by the Publisher’s Board, from thousands of applicants and showcased in a magazine-style book titled Hong Kong’s Most Valuable Companies received and read by the who’s who in business circles globally.

This year’s issue features China’s President Hu Jintao as Man of the Year citing his handling of the Sichuan earthquake and the Beijing Olympics as main reasons. His shaping of the country’s policies and reform being just as central.

Creativity dominated the central theme – innovation -- this year. Interestingly, chosen companies speak about overcoming adversity and challenging themselves to excel against all odds. All interviews were conducted before first news of the global economic tsunami, indicating these companies were always prepared.

Speaking at the release of the book in Hong Kong, Mediazone’s President and C.E.O,
Glenn Rogers said: “Veterans like travel retailer Nuance-Watson will continue to show leadership in these hard times. Their investment in best-business-practices will yield profit as they combine ingenuity and pragmatism to cope with the global economic tsunami sweeping the financial world.

“For companies like global head hunter Stanton Chase and ConnectedGroup, the challenges will now go beyond the supply of human talent. As unemployment braces for a new surge, global head hunters will need to look at hitherto uncharted waters to secure unconventional talent that major corporations will now demand. Quality will take centre-stage like never before and the global financial turmoil will claim many from the global head hunting industry.

“Companies like Metrojet have built solid bases on which their private jet services stand. These include services like maintenance and spare part supplies. Led by a most market-savvy management, Metrojet will not only survive the economic storms but will grow stronger because of it.

“Network marketing global giant NuSkin Enterprises will profit from the economic disaster. Word-of-mouth advertising, quality products and reasonable pricing will save it from the fury of the economic storms that the general retail industry may not escape. The Far East will remain its major growth area not least because of its president in Hong Kong.

“Independent financial consultants like Altruist, Nobel Apex, AMG, Thornton Global, GIA may brace for a more demanding market as increasingly skeptical consumers grow concerned about uncertainty.

“Companies selling high-end electronic/electrical goods like YCY Holdings and B&W will do well to secure more strategic ties with large-scale buyers like property developers to ensure volume sales. Profits are expected to be slim as retail sales may remain sluggish at least for the high-end range.

“Innovators like Pro Aqua Asia will do well in spite of the retail mood because products promise and deliver what consumers want and need – the health advantage. Growth for security companies like Hong Yip will rest on the management’s vision for expansion largely but customer service will remain a key factor in the drive to retain customers and acquire more market share.”

Speaking in general terms of the finance industry, he urged Asian markets to stay cautious. He urged the global finance industry to pay more attention to ethics in business and hoped aloud that risk would henceforth be viewed with due diligence.

Property and gold were cited as options in the current atmosphere. In a message to the youth who remain concerned about employment prospects Rogers urged them to adopt an entrepreneurial view saying, “don’t wait for opportunity. Go out there and be the opportunity.”

Noting that the Board had downgraded India and Malaysia (for exports) this year in favour of China and Taiwan, he said that this did not mean less growth, but it was merely an indication of a drop in customer confidence. He also noted that the current economic climate was just as much to blame.

On the U.S President, Rogers remained upbeat. China and the US will make greater bi-lateral progress this year as talks in Washington and Beijing have already begun on a constructive note that puts aside decades of mistrust and suspicion, he noted.

Glenn Rogers is Asia's most influential media host and CEO of the Mediazone Group of Companies. His annual commentary on global business development is well received by industry leaders and the general media worldwide.

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