Ginebra Acquires East Pacific Star Bottlers

Mandaluyong–(PHStocks)–Ginebra San Miguel Inc. (PSE: GSMI) has acquired 100% of the total outstanding shares of East Pacific Star Bottlers Phils Inc., a corporation principally engaged in the manufacture and bottling of alcoholic and non-alcoholic beverages, for PhP200 million, at PhP100 per share. The acquisition is expected to forge synergies with GSM’s ongoing operations and provide additional […]
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San Miguel’s Proposed Bond Issuance Rated PRS Aaa

Mandaluyong—(PHStocks)—San Miguel Corp.’s (PSE: SMC) proposed fixed-rate bond issuance of PhP15 billion, with an Oversubscription Option of up to PhP5 billion, was assigned an issue credit rating of PRS Aaa, with a Stable Outlook, by Philippine Rating Services Corp. (PhilRatings). The bonds are part of the company’s three-year Shelf Registration of up to PhP60 billion. […]
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PHStocks Exclusive: Top 50 Best Performing Stocks in April 2016

Manila—(PHStocks)—We have yet to see the real impact of the recent elections in our country’s stock market. Over the past few days, however, the Philippine Stock Exchange index has seen pretty strong finish owing to the relatively fast, credible and peaceful national elections on May 9. Market observers meanwhile expect the euphoria to taper in the next […]
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SMC 2015 Operating Income Reaches PhP78.7 Billion

Mandaluyong—(PHStocks)—San Miguel Corp. (PSE: SMC) reported better-than-expected 2015 results, despite a challenging year characterized by uncertainties in the global economic environment. SMC reported a 41% surge in operating income to PhP78.7 billion, driven mainly by the robust performance of its foods, beverage, and packaging  units along with higher margins from Petron Corp. (PSE: PCOR), the results […]
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PSEi Climbs Back to 7,000

Manila—(PHStocks)—After yesterday’s selloff that saw the bellwether Philippine Stock Exchange (PSE) index dive to 6,966.21, local stocks recovered today, 18 December, buoyed by the positive performace in US stocks after the Federal Reserve announced that it will keep rates near zero for a “considerable time”. PSEi gained 0.91% or 63 points to close the session […]
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