China Mobile, Samsung Most ‘Cash Rich’ Asia Companies
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China Mobile Ltd., Samsung Electronics Co. and Hutchison Whampoa Ltd. are among Asia’s most “cash rich” companies, helping put the region ahead of the U.S. when it comes to expansion opportunities, Moody’s Investors Service said.
Rated Asian non-financial companies in emerging markets outside of Australia and Japan have cash reserves of about $230 billion, compared with almost $1 trillion in the U.S., according to a report today from Moody’s. Some 120 companies were surveyed in Asia versus about 1,200 in the U.S.