ABS-CBN to End ABS-CBNmobile Service

ABS-CBN Convergence Inc. partnered with Globe Telecom Inc. (PSE: GLO) in 2013 for a five-year services agreement to deliver content and telecom services on mobile devices through its ABS-CBNmobile brand. This services agreement expires this year. After a thorough assessment, ABS-CBN Convergence deemed its current mobile business model to be financially unsustainable. As a result, […]
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Lopez Holdings Attributable Net Income at PhP1.042B

Pasig—(PHStocks)—Lopez Holdings Corp. (PSE: LPZ) reported PhP1.042 billion in net income attributable to equity holders of the parent for the first quarter of 2017. This is 19% lower than the PhP1.291 billion in net income attributable to equity holders of the parent reported in the first quarter of 2016, on account primarily of forex losses […]
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PHStocks Exclusive: Top 30 Worst Performing Stocks in May 2017

Manila—(PHStocks)—We continue our PHStocks top performers and losers list by providing you the top 30 stocks that have posted the biggest stock price drops over the past month. Of course, there are many reasons why these stock prices fell. Profit taking, for instance, or macroeconomic factors. Nevertheless, this doesn’t mean that these stocks aren’t good […]
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ABS-CBN Net Income Jumps 25% to PhP2.545B in 2015

Quezon—(PHStocks)—ABS-CBN Corp. (PSE: ABS), the country’s leading media and entertainment company, reported PhP2.545 billion in net income for 2015. The company’s revenues remained strong at PhP38.278 billion. “We are happy to report that we exceeded our revenue and net income targets for 2015,” said Aldrin Cerrado, the company’s chief financial officer. “Revenues from our TV and […]
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PHStocks Exclusive: Top 40 Best Performing Stocks in 2015

Manila—(PHStocks)—Happy New Year! We are back again with our list of top performing stocks for the year. The year 2015 has marked another roller coaster ride for Philippine stocks. The Philippine Stock Exchange index dropped by 278.49 points or 3.85% to close the year at 6,952.08—the first time in six years that the index ended […]
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Lopez Group Listed Companies Stay Stable

Earnings reported by listed companies of the Lopez Group (PSE: LPZ) for the first nine months of 2015 showed relatively stable performance despite encountering some challenges. The lack of extraordinary or nonrecurring income in 2015 brought down earnings from geothermal powerhouse Energy Development Corp. (PSE: EDC), but recurring earnings remained healthy. Meanwhile, continued investments in new businesses […]
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ABS-CBN 1H 2015 Net Income Surges 20% to PhP1.2B

Quezon City—(PHStocks)—ABS-CBN Corp. (PSE: ABS), the country’s leading media and entertainment company, reported PhP17.7 billion consolidated revenues for the first half of 2015, bringing its net income to PhP1.2 billion, 20% higher compared to the same period last year. The company reported higher second quarter revenues of PhP9.3 billion, 11% higher than the revenues generated […]
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ABS-CBN Outstanding PhP6B Bond Issuance Maintains Highest Credit Rating

Quezon City—(PHStocks)—The credit rating of the P6.0-billion bond issuance of ABS-CBN Corp. (PSE: ABS) was maintained at PRS Aaa by Philippine Rating Services Corp. (PhilRatings). The bonds are due on 10 February 2021 and carry an interest rate of 5.3350%. Obligations rated PRS Aaa, the highest rating assigned by PhilRatings, are of the highest quality […]
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