Manila - Philippines, November 21, 2023

SMSM, is thrilled to announce its distinguished inclusion in Forbes Asia's "Best Under A Billion 2023".

In 2023's distinguished list, SMSM proudly stands as one of Indonesia’s top 9 companies, demonstrating exceptional performance and excellence despite stiff global headwinds of inflation and rising funding costs. This recognition is especially noteworthy considering that over 20,000 publicly traded companies in the Asia-Pacific region were considered.

SMSM's inclusion on this prestigious list is a testament to the trust, contributions and support of all our loyal customers & wonderful shareholders as well as other stakeholders who have stood by us within such challenging macroeconomic and competitive environments.

Discover the Forbes Asia's Best Under A Billion 2023

https://www.forbes.com/lists/asia200/?sh=4670b4ad2772

About Forbes Asia’s Best Under A Billion:

Forbes Asia’s Best Under A Billion list spotlights 200 top-performing publicly listed companies in the Asia-Pacific region with annual sales under US$1 billion and consistent top- and bottom-line growth. From a universe of over 20,000 small and midsized companies in the region, these 200 Best Under A Billion companies have track records of exceptional corporate performance. Using both quantitative and qualitative metrics, the final list of 200 is truly a select group. The comprehensive list, featured in the August 2023 edition of Forbes Asia, proudly showcases the 200-entities that have met the stringent criteria.

Methodology:

This list is meant to identify companies with long-term sustainable performance across a variety of metrics. From a universe of over 20,000 publicly traded companies in the Asia-Pacific region with annual sales above $10 million and below $1 billion, these 200 companies were selected. The companies on this list, which is unranked, were selected based on a composite score that incorporated their overall track record in measures such as debt, sales and earnings-per-share growth over both the most recent fiscal one- and three-year periods, and the strongest one- and five-year average returns on equity. Aside from quantitative criteria, qualitative screens were used as well, such as excluding companies with serious governance issues, questionable accounting, environmental concerns, management issues or legal troubles. State-controlled and subsidiaries of larger companies were also excluded. The criteria also ensured a geographic diversity of companies from across the region.