D&L Industries Inc. (PSE: DNL) was named as Philippines’ Best Mid-Cap Company in FinanceAsia’s 19th Annual Poll. In addition, D&L was ranked 7th overall in Best at Investor Relations category.
FinanceAsia is a Hong Kong-based publication reporting on Asia’s financial and capital markets. Its annual survey provides an in depth analysis of Asia’s listed companies, their investor relations, commitment to corporate governance and social responsibility and acknowledges stand out performances in industry sector. This year’s survey results reflect the opinions of 240 portfolio managers and buy-side analysts.
FinanceAsia has recognized D&L Industries as one of the best mid-cap companies in the Philippines for five years running. D&L previously won 3rd Best Mid-Cap Company in 2014, Best Mid-Cap Company in 2015 and 2016, and 2nd Best Mid-Cap in 2018. Alvin Lao, D&L’s president and CEO, has also previously won 2nd Best CFO in 2015. FinanceAsia classifies listed companies with market capitalization of at least $500 million to $1.5 billion as mid-cap.
“We are delighted to receive this recognition,” Lao said. “Which highlights our continuous search for excellence in the industries we serve. We have the utmost respect for our minority shareholders and will continue our efforts to maintain an IR program that is engaging, informative and transparent.”
The complete 2019 FinanceAsia 19th annual poll results can be viewed here.