Samurai 2K Aerosol selected for Forbes Asia’s “Best Under a Billion Dollars Award”

Samurai 2K Aerosol Limited (Samurai), a manufacturer of automotive aerosol paints and aerosol solution specialist, has been selected for inclusion in the list of best 200 companies in Forbes Asia’s annual “Best Under a Billion Dollars Award” for 2021.
Due to travel restrictions imposed during the Covid-19 pandemic, the award ceremony was recently held in Manila, the Philippines.
In Forbes Asia's annual survey, companies are scored based on several financial performance metrics and chosen from a list of 20,000 firms.
This list recognises the top 200 publicly listed companies in the Asia Pacific region with sales between US$10 million to US$1 billion (€9.2 million to €927.3 million).
The list, which is unranked, measures the long-term performance of companies based on full- year annual results, and firms are scored based on their track record in debt, sales, earnings per share growth and average returns on equity.
Selection criteria included quantitative as well as qualitative factors.
In its financial results for the six months ended 30 September 2023, Samurai recorded all-round improvement in its financials as compared with the same period last year.
This was despite a challenging business environment dominated by international trade tensions, global geopolitics and general slowdown in global economies.
Samurai said that one factor determining its inclusion in the list is its low leverage and prudent financial discipline. The high-interest rate environment has resulted in increased costs for operations and finance, but the company’s financial position remains robust even as it sticks to its strategy of creating shareholder value through R&D and technology innovations, it said.
Meanwhile, it said its groundbreaking 2K Technology for aerosol paints is approaching a take-off point as marketing footprints have been established in the large markets of the US, UK and India.
Samurai's aerosol paints enable professional standard spray painting results to be achieved with great convenience. The company said this has resulted in the creation of a new service: onsite professional spray painting services where users are optimally matched from a list of certified professional Samurai 2K aerosol painters on an online platform.
Professional spray painting courses with certification recognised by the Malaysian government are also being conducted presenting a new revenue stream.
Ian Ong Yoke En, founder, executive director & chief executive officer of Samurai, said: “We are a creator of long-term shareholder value and our strong commitment to R&D brings forth a continuous stream of innovative products.
"At the same time, our complete digital transformation enables us to achieve scalability and economies of scale, and to move with great speed and efficiency to capture new business opportunities in the e-commerce world where geographical borders do not exist.”
He added: “But we always exercise financial discipline so that we can ride the ups and downs of the market while remaining focused on our spirit of Innovation.”