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…

 

Security Bank and BTMU Complete Strategic Partnership Deal

Makati—(PHStocks)—Security Bank Corp. (PSE: SECB) and The Bank of Tokyo-Mitsubishi UFJ Ltd (BTMU) completed the strategic partnership deal signed last 14 January 2016. Security Bank has received capital investment of PhP36.9 billion from BTMU. In turn, SECB issued to BTMU 150,707,778 common shares and 200,000,000 preferred shares, representing BTMU’s 20% ownership of the voting stock in […]
Continue reading…

 

LRMC Inks PhP24B Loan Facility, EPC for LRT 1 Cavite Extension

Makati—(PHStocks)—Light Rail Manila Corp. (LRMC), a joint venture company of Metro Pacific Investments Corp.’s (PSE: MPI) Metro Pacific Light Rail Corp. (MPLRC), Ayala Corp.’s (PSE: AC) AC Infrastructure Holdings Corp. (AC Infra), and the Philippine Investment Alliance for Infrastructure’s Macquarie Infrastructure Holdings (Philippines) Pte Ltd (MIHPL), announced the simultaneous signing on 11 February 2016 of […]
Continue reading…

 

Security Bank Posts Record PhP7.7 B Net Income for 2015

Makati—(PHStocks)—Security Bank Corp. (PSE: SECB) posted a record-high net income of PhP7.7 billion in 2015, which is 7% higher than previous year and translates to a 15.2% return on shareholders’ equity (ROE). Loans increased 24% year-on-year to PhP240 billion while deposits grew 17% to PhP290 billion. Corporate/commercial loans increased 21%. Key consumer loan portfolios composed […]
Continue reading…

 

Security Bank Corporation to Sell Stake in Security Land Corporation

Makati-(PHStocks)-Security Bank Corporation (PSE: SECB) announced today its decision to sell its stake in real estate company Security Land Corporation (SLC), in line with its focus on its core business. SECB currently owns a 51.81% stake in SLC. Security Bank President and Chief Executive Officer, Alfonso L. Salcedo, Jr., remarked: “The decision to sell our […]
Continue reading…