Aboitiz Equity Ventures Grows 2016 Full-year Profit by 27% to PhP22.5B

Taguig—(PHStocks)—Aboitiz Equity Ventures Inc. (PSE: AEV) saw its consolidated net income increase by 27% year-on-year (YoY) from PhP17.7 billion in 2015 to PhP22.5 billion in 2016. This translates to PhP4.02 in earnings per share. Power accounted for 65%, followed by the Banking and Financial Services, Food, Infrastructure, and Land strategic business units (SBUs) with income […]
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PHStocks Exclusive: Top 50 Best Performing Stocks in March 2016

Below is the list of the top 50 strongest performing stocks for the month of March. 1. Concrete Aggregates Corp. “A” (PSE: CA): PhP339, 438.09% 2. Da Vinci Capital Holdings Inc. (PSE: DAVIN): PhP5.90, 115.33% 3. Mabuhay Vinyl Corp. (PSE: MVC): PhP4.78, 71.94% 4. Synergy Grid & Development Philippines Inc. (PSE: SGP): PhP250, 64.47% 5. […]
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Aboitiz Equity Ventures Earmarks PhP58.4B Capex in 2016

Taguig—(PHStocks)—High hopes on promising growth prospects for the year led Aboitiz Equity Ventures (PSE: AEV) to allocate PhP58.4 billion in capital expenditure (capex) in 2016, bulk of which will be used for its power expansion projects. “Each of our businesses has the potential for higher financial return and growth, as well as sufficient scale and […]
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San Carlos Sun Power Secures PhP3.7B Loan from BDO

Manila—(PHStocks)—San Carlos Sun Power Inc. (SACASUN), the joint venture company between SunEdison Philippines Helios BV and Aboitiz Renewables Inc.—the holding company of Aboitiz Power Corp.‘s (PSE: AP) investments in renewable energy, has signed an Omnibus Loan and Security Agreement with BDO Unibank Inc. (PSE: BDO) to secure a loan in the amount of up to PhP3.7 billion. The proceeds […]
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AEV Inks MOU with CRH to Acquire Lafarge’s Local Operations

Manila–(PHStocks)–Aboitiz Equity Ventures Inc. (PSE: AEV) is pleased to announce the signing of an exclusivity agreement with a non-binding Memorandum of Understanding (MoU) with CRH plc to potentially invest with CRH in the acquisition of the majority of the shares of Lafarge Republic Inc. (PSE: LRI) and the shares in Luzon Continental Land Corporation and […]
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UnionBank Declares Cash Dividends

The Aboitiz family’s Union Bank of the Philippines (PSE: UBP) has secured regulatory approval to distribute earnings to shareholders, covering about a quarter of last year’s profits. Read More Source: Philippine Daily Inquirer Related Articles:Unionbank Offers to Buy Export BankAboitiz Equity Ventures Earmarks PhP58.4B Capex in 2016UnionBank Assigned an Issuer Rating of PRS AaaPHStocks Exclusive: […]
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AboitizPower, SunEdison Partner to Develop 300MW of Utility-scale Solar Energy in PH

SunEdison Inc. (NYSE: SUNE) entered into a joint framework agreement with Aboitiz Renewables Inc., a wholly-owned subsidiary of Aboitiz Power Corp. (AboitizPower, PSE: AP), to jointly explore, develop, construct and operate up to 300MW of utility-scale solar photovoltaic power generation projects in the Philippines over the next three years. “It’s an ideal partnership,” said Ahmad Chatila, chief […]
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3rd PSE Bell Awards Slated for November

Makati—(PHStocks)—The Philippine Stock Exchange Inc. (PSE: PSE) has announced that the PSE Bell Awards for Corporate Governance will be held on November 10, 2014 at the Makati Shangri-La. The Bell Awards is one of the cornerstone activities of the PSE to promote good governance practices among listed companies and trading participants. “Good governance remains to be […]
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