SM 2018 Net Income Up 13% to PhP37B

SM Investments Corp. (PSE: SM) reported a 13% growth in net income to PhP37.1 billion in 2018 from PhP32.9 billion in 2017. Consolidated revenues also rose by 13% to PhP449.8 billion from PhP397.9 billion the previous year. Property accounted for 41% of total earnings, with banks comprising 38% and retail 21%. “Our very good results […]
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China Bank Receives PRS Aaa Credit Rating

China Banking Corp. (China Bank, PSE: CHIB), one of the country’s leading private universal banks with a strong franchise in the Chinese-Filipino market, received an issuer rating of PRS Aaa (corp.) from Philippine Rating Services Corp. (PhilRatings). As of September 30, 2018, China Bank was the country’s sixth-largest bank based on assets, loans, and deposits. […]
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PHStocks Exclusive: Top 30 Strongest Stocks in 2017

Another year of trading is over. The Philippine Stock Exchange (PSE) index finished 2017 at a record high 8,558.42 on Friday, 29 December 2017. It was the 14th time that the index closed at a record high during the year. For 2017, the index gained 25%. Of course, it’s also that time of the year […]
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BDO Secures PSE Approval for PhP60B Rights Offer

Makati—(PHStocks)—BDO Unibank Inc. (PSE: BDO) announced that the Board of Directors of the Philippine Stock Exchange (“PSE”), during its meeting on 14 December 2016, approved the listing of the new common shares to be issued from the Bank’s program to raise up to PhP60 billion (approximately $1.2 billion) in additional core capital through a stock […]
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SM Investments Sets Interest Rates for PhP15B Retail Bonds

Pasay—(PHStocks)—SM Investments Corp. (SMIC, PSE: SM) has set the coupon for its Peso-denominated Series G, 7-year retail bonds at 5.1590% p.a. SMIC will issue an aggregate principal amount of PhP15 billion of the Series G bonds, with an option to issue an additional amount of up to PhP5 billion. The bonds are scheduled to be […]
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SM Obtains SEC Approval for Retail Merger

Pasay—(PHStocks)—SM Investments Corp. (PSE: SM) reported today that the company has obtained the approval of the Securities and Exchange Commission for the merger of Sy family-owned specialty stores into SM Retail Inc. Under the terms of the deal, over 1,300 retail outlets will be folded into SM Retail in exchange for shares of stock in […]
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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. […]
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SM Prime Core Net Income Surges 14% in 2015

Pasay—(PHStocks)—SM Prime Holdings Inc. (PSE: SMPH), the Philippines’ leading integrated property company, reported a recurring net income growth of 14% in 2015 to PhP20.9 billion on the back of an 8% increase in consolidated revenues to PhP71.5 billion in the same period. On a consolidated level, net income increased 54% to PhP28.3 billion, inclusive of […]
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