Cebu Air Announces Dividend Policy

Cebu City—(PHStocks)—Cebu Air Inc. (PSE: CEB) has adopted a dividend payment policy of approximately 20% of the previous year’s earnings per share. The Board of Directors of Cebu Air Inc. has adopted a dividend policy to pay an annual dividend of approximately 20% of the previous year’s recurring earnings per share (per audited consolidated financial […]
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Cebu Pacific and ANA Holdings Invest in Air Black Box Asia Pacific

Cebu City—(PHStocks)—ANA Holdings and Cebu Pacific (Cebu Air Inc., PSE: CEB) have joined Air Black Box Asia Pacific Pte Ltd as shareholders, as a signal of the carriers’ confidence in the leading airline technology company. Cebu Pacific is the parent for Cebgo and ANA Holdings is the parent company for ANA and Vanilla Air. Air […]
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JG Summit’s P30 Billion Bonds Keep Highest Rating

Pasig—(PHStocks)—The outstanding P30 Billion bond issue of JG Summit Holdings, Inc. (PSE: JGS), the holding company of the JG Summit Group, kept its PRS Aaa rating from Philippine Rating Services Corporation (PhilRatings). The rating also has a Stable outlook. JGSHI is a holding company for a group of companies with substantial business interests in branded […]
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CEB Sells Four Airbus A319 Aircraft

Cebu—(PHStocks)—The Philippines’ leading carrier, Cebu Pacific Air (PSE: CEB), signed a forward sale agreement with a subsidiary of Allegiant Travel Company (NASDAQ: ALGT), covering Cebu Pacific’s sale of four Airbus A319 aircraft. Allegiant is the parent company of Las Vegas-based low-cost airline, Allegiant Air. Delivery of the four aircraft to Allegiant is scheduled from 2017 […]
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JG Summit 2015 Core Net Income Up 38%

Pasig—(PHStocks)—JG Summit Holdings Inc. (PSE: JGS) posted a 38.1% increase in consolidated core net income, earning a total of PhP28.05 billion in 2015 compared to PhP20.3 billion in 2014. The increase in core net income is due to the double-digit income growth in the company’s core operating businesses particularly in Cebu Air Inc. (Cebu Pacific, PSE: […]
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JG Summit 1Q15 Net Income Up 11.2%

Pasig–(PHStocks)–JG Summit Holdings Inc. (PSE: JGS) posted a consolidated net income from equity holders of the parent of PhP6 billion for the first quarter of 2015, an 11.2% increase from PhP5.4 billion for the same period last year. The increase is due mainly to the income growth from core subsidiaries particularly Cebu Air (PSE: CEB), which benefited significantly […]
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PHStocks Exclusive: Top 50 Stock Price Gainers in December

Manila—(PHStocks)—The last month of the year saw realignment of investor portfolio amid the strong rallies over the previous weeks leading into the holidays. A Santa Claus rally was also observed, with the Philippine Stock Exchange index (PSEi) recovering losses to finish the last trading day of the year at 7,230.57, up by 0.62% or 44.25 […]
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PHStocks Exclusive: Strongest Stocks in November

Manila—(PHStocks)—As always, here we are to highlight some of the strongest performing stocks in past month of trading. In October, D&L Industries Inc. (PSE: DNL) displaced Nickel Asia Corp. (PSE: NIKL), which ended its six-month stock price rally, as the strongest stock performer for the month. DNL’s stock price has been steadily gaining since July. […]
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