FinanceAsia Magazine

Issue: September 2012

Issue: September 2012

The global economic news hasn’t been rosy. At best, it’s been about muddling through. But even through bear markets, well-run companies can carry on making a profit and paying out dividends. It’s often about becoming more lean, and sometimes mean, to make it through. This year’s Rich List proves the point. Although the dividend total for the top 100 families was down by almost 5% on last year’s total of $10.5 billion, it is still an impressive figure.

The data we use to create our Rich List is based upon annual reports published last year. That means for some companies that publish their reports early in the calendar year, the dividends are based upon the relatively buoyant conditions in 2010, while for those that release their annual reports later in the year, the dividends may be more reflective  of the weaker conditions during the first half of 2011.  But regardless, at no point, really, during the past two years has the global economic outlook been bullish. It has been shades of grey.

Yet Asia’s rich have continued to pay themselves well, particularly those who have built defensive business empires that earn stable profits. Mostly that means property. As developers in China face a difficult future and other wealthy families face imminent succession issues, the region’s rich are likely to start feeling the pinch soon, which means that the companies on this list will remain the bellweather. Let’s hope they’re not the canary in the coal mine.

 

Lara Wozniak, Editor
lara.wozniak@financeasia.com

 

About FinanceAsia Magazine

Established in 1996, FinanceAsia is the leading publisher of financial news in the Asia-Pacific region. Our combination of print and online products provide the latest news, analysis and insight into Asia’s financial markets.

Published monthly from our office in Hong Kong, FinanceAsia magazine provides our readers with the latest financial trends, interviews, features and investigative reports. The publication has a readership of key decision-makers at corporations, governments, investment and commercial banks, institutional investors, asset managers, brokers, traders and financial intermediaries.

Our regular sections include:

Data Story
We look at the key data behind a topical theme in Asian finance, showcased with an array of graphs and tables.

Greenshoe
A monthly opinion column from the FinanceAsia editorial team. We provide our thoughts on a topic making the headlines.

Deal of the Month
Our regular two-page spread with its signature artwork and in-depth analysis examines the equity, debt or M&A deal that we feel has had the biggest impact on the Asian capital markets that month.

Investor Dialogue
For company CEOs and CFOs, what investors think is a critical concern, and in this column we help them understand just this. Each month we speak to a Chief Investment Officer of a top fund and outline their views on corporate governance, what stocks they like and where they expect to generate the best returns.

Soapbox
A monthly opinion piece from a respected author or commentator on Asian business, finance or economics.

People on the Move
Here we summarise the key hires, fires and moves at the region’s banks, highlighting at least one major move each month.

Deal Tracker
We examine the major primary markets deals of the month and comment on the quality of the debt or equity transaction and the secondary market performance.

The Arts of Finance
A light-hearted look at investment opportunities surrounding the arts business in Asia.

 

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