NAIA Consortium Granted Original Proponent Status

The Department of Transportation (DOTr) and the Manila International Airport Authority (MIAA) have granted to the “NAIA Consortium”—composed of Aboitiz Equity Ventures (PSE: AEV) subsidiary Aboitiz InfraCapital Inc., Ayala Corp. (PSE: AC) subsidiary AC Infrastructure Holdings Corp., Alliance Global Group Inc. (PSE: AGI), Asia’s Emerging Dragon Corp., Filinvest Development Corp. (PSE: FDC), JG Summit Holdings […]
Continue reading…

 

Consortium Formed to Rehabilitate, Maintain and Operate NAIA

Aboitiz InfraCapital Inc., AC Infrastructure Holdings Corp., Alliance Global Group Inc. (PSE: AGI), Asia’s Emerging Dragon Corp., Filinvest Development Corp. (PSE: FDC), JG Summit Holdings Inc. (PSE: JGS), and Metro Pacific Investments Corp. (PSE: MPI) have all agreed to form a consortium to rehabilitate, operate, and maintain the Ninoy Aquino International Airport (NAIA) through an […]
Continue reading…

 

Filinvest Group 9M Net Income Up 21%

Taguig—(PHStocks)—Filinvest Development Corp. (PSE: FDC), the parent firm of the Filinvest group of companies, reported year-to-date net income of PhP5.9 billion in the third quarter of 2016, reflecting year-on-year growth of 21%. A large part of growth was delivered by banking subsidiary East West Banking Corp. (EastWest Bank, PSE: EW), which registered a hefty year-on-year 78% […]
Continue reading…

 

FDC Earnings Surge 28% to PhP4.4B in 1H 2016

Taguig—(PHStocks)—Filinvest Development Corp. (PSE: FDC) reported net income of PhP4.4 billion at the end of June 2016, a rise of 28% over the same period of the previous year. This was driven largely by robust results in its banking subsidiary, EastWest Bank (EWB) which posted first semester net income of PhP1.6B, 55% higher than the PhP1 billion achieved […]
Continue reading…

 

Filinvest Group 2015 Net Income Surges to Php7B

Taguig—(PHStocks)—The Filinvest Development Corp. (PSE: FDC) reported consolidated net income of PhP7 billion for full year 2015, 13% higher than in 2014. The group generated PhP49.3 billion of revenues, or 28% more than the previous year, partly due to the initial recognition of electricity sales from its power subsidiary FDC Utilities Inc. (FDCUI) as well […]
Continue reading…

 

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. […]
Continue reading…

 

Filinvest Land 2015 Earnings Up 11%

Mandaluyong—(PHStocks)—Filinvest Land Inc. (PSE: FLI), one of the country’s largest residential developers and BPO office providers, recorded an 11% rise in consolidated net income of PhP5.1 billion for the full year 2015 from PhP4.61 billion in 2014. Consolidated revenues rose 7% to PhP18.3 billion from PhP17.06 billion in 2014. The company attributes this increase to the […]
Continue reading…

 

Filinvest Inks JV Agreement with BCDA

Mandaluyong—(PHStocks)—Filinvest Land Inc. (PSE: FLI) signed a joint venture agreement with the Bases Conversion and Development Authority (BCDA) for a 288-ha section of Clark Green City on January 8, 2016 after earlier winning the bid for the development rights of the project. Located within the Clark Special Economic Zone in Tarlac, the property is part […]
Continue reading…