SEC Approves AboitizPower’s Php30B Bonds

Taguig—(PHStocks)—Aboitiz Power Corp. (AboitizPower, PSE: AP) received the Order of Registration and Certificate of Permit to Offer Securities for Sale dated June 19, 2017 from the Securities and Exchange Commission (SEC) in relation to AboitizPower’s application for the issuance of fixed-rate retail bonds in the aggregate amount of up to PhP30 billion. The first tranche […]
Continue reading…

 

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 […]
Continue reading…

 

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 […]
Continue reading…

 

Aboitiz Power Declares Cash Dividends

Taguig—(PHStocks)— The board of directors of Aboitiz Power Corp. (PSE: AP) has declared regular cash dividend of PhP1.20 per share and special cash dividend of PhP0.46 per share to stockholders of record as of 22 March 2016, payable on 19 April 2016. Related Articles:AboitizPower Subsidiary Starts Full Commercial OperationsAboitizPower Declares Full Commercial Operations of Davao Baseload […]
Continue reading…

 

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 […]
Continue reading…

 

AboitizPower Subsidiary Starts Full Commercial Operations

Taguig—(PHStocks)—Aboitiz Power Corp. (AboitizPower, PSE: AP) has announced that wholly owned subsidiary Therma South Inc.’s (TSI) Unit 2 started full commercial operations February 2, 2016. TSI is the project company for the construction of the 2 x 150MW base-load power plant in Barangay Binugao, Toril District, Davao City, and Barangay Inawayan, Sta. Cruz, Davao del Sur. Related Articles:AboitizPower […]
Continue reading…

 

AboitizPower Declares Full Commercial Operations of Davao Baseload Power Plant

Taguig—(PHStocks)—Aboitiz Power Corp. (AboitizPower, PSE: AP) subsidiary, Therma South Inc. (TSI), has declared commercial operations starting February 2, 2016 of the second unit of its Davao Baseload Power plant. Unit 2 will add another 150MW (130MW net) to the Mindanao grid. TSI earlier declared commercial operations of its first 150MW (130MW net) unit last September 18, 2015, allowing […]
Continue reading…

 

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 […]
Continue reading…