SIAL CVS, FamilyMart, and ITOCHU Completes Sale of PFM to Phoenix Petroleum

SIAL CVS Retailers Inc., FamilyMart Co. Ltd, and ITOCHU Corp. have concluded the transaction to sell 100% of the outstanding shares of Philippine FamilyMart CVS Inc. (PFM) to Phoenix Petroleum Philippines Inc. (PSE: PXP), further to a Memorandum of Agreement (MOA) entered into by the parties last October 30, 2017. PFM is the official Area […]
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MCT Notice of Take-over Offer Dispatch

In compliance with statutory requirements in Malaysia, the board of directors of MCT Bhd has dispatched today the Notification to the Shareholders of MCT of the Mandatory Take-over Offer from Regent Wise Investments Ltd (RWIL), a wholly-owned subsidiary of Ayala Land Inc. (PSE: ALI). The take-over offer is made in connection to the acquisition of […]
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Ayala Land Now has Controlling Stake at MCT

Ayala Land Inc. (PSE: ALI), through its wholly-owned subsidiary Regent Wise Investments Ltd (RWIL), signed a share purchase agreement to acquire an additional 17.24% share in MCT Bhd, subject to completion of certain conditions. This will bring ALI’s shareholding in MCT to 50.19% from 32.95%. This increase in ownership will strengthen ALI’s commitment to enhance […]
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Ayala Net Income Climbs to ₱26B

Makati—(PHStocks)—Ayala Corp. (PSE: AC) reported a net income of ₱26 billion in 2016, 17 percent higher than the previous year, on the back of double-digit growth contributions from its real estate and banking units, boosted by its emerging businesses in power and industrial technologies. This positive earnings momentum was driven by the robust equity earnings […]
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Ayala Land 9M 2016 Net Income Up 17% to PhP15B

Makati—(PHStocks)—Ayala Land Inc. (PSE: ALI) continued to perform steadily in the past nine months of 2016, delivering a net income of PhP15.06 billion, a 17% increase from the PhP12.83 billion posted in the same period last year. Consolidated revenues reached PhP85.49 billion, 14% higher than the PhP75.05 billion it posted in 2015. Revenues from real […]
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PHStocks Exclusive: Top 50 Best Performing Stocks in June

Manila—(PHStocks)—The Philippine Stock Exchange index flirted with 8,000 level yesterday—the inauguration of incoming President Rodrigo Roa Duterte—before closing down at 7,796.25, just 2.28 point lower from the previous day’s close. As intra-day high hit 7,980.75 yesterday, profit taking pulled back the gains as investors lock in their gains. For the month of June, below are […]
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LTG Eyes New Growth Drivers After Strong 2015 Performance

Taguig—(PHStocks)—LT Group Inc. (PSE: LTG) has a generally positive outlook for 2016 as it eyes new growth drivers to surpass last year’s PhP6.6 billion net income. In a statement following the group’s annual stockholders’ meeting, LTG president Michael G. Tan said the company is looking at capital expenditures of about PhP10 billion this year. The […]
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Ayala Net Income Climbs 15% to PhP5.8B in 1Q 2016

Makati—(PHStocks)—Ayala Corp. (PSE: AC) recorded a net income of PhP5.8 billion in the first quarter of the year, expanding 15% from a year ago, as most of its businesses performed well with largest growth coming from its real estate, power generation, and automotive businesses. This strong first quarter results was driven by the equity earnings contribution […]
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