Aboitiz Equity Ventures Grows 2016 Full-year Profit by 27% to PhP22.5B

Taguig—(PHStocks)—Aboitiz Equity Ventures Inc. (PSE: AEV) saw its consolidated net income increase by 27% year-on-year (YoY) from PhP17.7 billion in 2015 to PhP22.5 billion in 2016. This translates to PhP4.02 in earnings per share. Power accounted for 65%, followed by the Banking and Financial Services, Food, Infrastructure, and Land strategic business units (SBUs) with income […]
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PHStocks Exclusive: Top 50 Best Performing Stocks in May 2016

Manila—(PHStocks)—Last month saw the Philippines’ presidential elections, and the looming change of administration in the country saw investor mood getting more positive, as seen in the mostly positive levels of the mainboard PSE index. We have yet to see really the impact of this new government in the country’s economy. Let’s just hope it’s for […]
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Aboitiz Equity Ventures Earmarks PhP58.4B Capex in 2016

Taguig—(PHStocks)—High hopes on promising growth prospects for the year led Aboitiz Equity Ventures (PSE: AEV) to allocate PhP58.4 billion in capital expenditure (capex) in 2016, bulk of which will be used for its power expansion projects. “Each of our businesses has the potential for higher financial return and growth, as well as sufficient scale and […]
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UnionBank Assigned an Issuer Rating of PRS Aaa

Makati—(PHStocks)—Union Bank of the Philippines (PSE: UBP), one of the leading universal banks in the country, was assigned an issuer rating of PRS Aaa (corp.) by Philippine Rating Services Corp. (PhilRatings). A “PRS Aaa” is the highest corporate credit rating assigned on the PRS scale. An issuer rating is an opinion on the general and […]
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UnionBank Declares Cash Dividends

The Aboitiz family’s Union Bank of the Philippines (PSE: UBP) has secured regulatory approval to distribute earnings to shareholders, covering about a quarter of last year’s profits. Read More Source: Philippine Daily Inquirer Related Articles:Unionbank Offers to Buy Export BankAboitiz Equity Ventures Earmarks PhP58.4B Capex in 2016UnionBank Assigned an Issuer Rating of PRS AaaPHStocks Exclusive: […]
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PH Stocks Surge on Upbeat Market Sentiment

Manila—(PHStocks)—The Philippine stock market was up for the fourth session, tracking regional markets on strong factory data in the United States. The benchmark Philippine Stock Exchange index (PSEi) went up by 1.12% or 73 points to close the week at 6,587.72. All counters are in the green, led by the Property sector, which gained 2.19%. […]
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Unionbank Offers to Buy Export Bank

Aboitiz-led Union Bank of the Philippines (PSE: UBP) has offered to come in as the white knight of Export and Industry Bank (EIB), proposing a framework to revitalize the shuttered bank as part of the universal bank’s strategy to grow in preparation for the Southeast Asian economic integration. Read More Source: Philippine Daily Inquirer Related Articles:UnionBank […]
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