Monde Nissin Corporation has set the price of its initial public offering at P13.50 per share, substantially lower than its maximum offer price of P17.50. With the lower offering price, the offering size is now at a maximum of P55.89 compared to the P72.45 billion it would have raised at...
The consolidated net income of Consunji-led Semirara Mining and Power Corporation (SMPC) significantly climbed by 93-percent to P2.3 billion within first quarter this year versus P1.2 billion in the same period last year. On stream of revenues, that also surged by 27-percent for the company to P9.3...
Phinma Corporation is planning a bond issuance of P2 billion, with an oversubscription option of up to P1 billion, to raise a maximum of P3 billion. Philippine Rating Services Corporation (PhilRatings) said it has assigned an Issue Credit Rating of PRS Aa, with a Stable Outlook for the bonds....
Robinsons Land Corporation (RLC), a leading diversified real estate company in the Philippines, reported that its net income surged 236 percent to P2.9 billion in the first quarter 2021 from the fourth quarter last year. However, based on its disclosures to the Philippine Stock Exchange, first...
Jollibee Food Corporation announced that it is set to open on May 20 the Jollibee flagship store in Europe at the historic London West End, the U.K. capital’s main commercial and entertainment center and one of the world’s most prime locations. “Bringing Jollibee to London’s West End is...
Diversified conglomerate San Miguel Corporation posted a strong recover in the first quarter of 2021 with net income amounting to P17.2 billion, 15 times better than the P1.1 billion it earned in the same period last year. In a statement, the firm said almost all its major...
Township developer Megaworld Corporation is allocating P36 billion for capital expenditures (capex) this year, 29 percent higher than the P27.9 billion it actually spent in 2021. In a disclosure to the Philippine Stock Exchange, the firm said it is realigning project developments with the...
Food and beverage firm RFM Corporation reported a 51 percent jump in its net income for the first three months of 2021 to P320 million due to stronger sales. In a disclosure to the Philippine Stock Exchange, RFM said this is due to the sustained topline growth in milk, pasta, and flour, as well as...
Diversified conglomerate San Miguel Corporation’s planned offering of up to P30 billion in fixed-rate peso-denominated bonds has been given the highest issue credit rating of PRS Aaa by Philippine Rating Services Corporation (PhilRatings). SMC is planning a bond issuance of P20 billion, with...
SM Investments Corporation (SMIC), the flagship of the Sy family, reported a five percent improvement in consolidated net income to P9.5 billion in first quarter of 2021 from the P9.0 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said...
Metro Pacific Investments Corporation reported a 272 percent surge in attributable consolidated net income to P7.0 billion in the first quarter of 2021 although core profits declined. In a media briefing, MPIC President Jose Ma. K. Lim said the firm’s bottomline benefitted from the gain...
The Philippine stock market dropped further on concern that the April inflation rate remained high. The main index fell 59.46 points or 0.94 percent to close at 6,299.69 with only the Mining and Oil counter advancing. Photo credit: https://www.pse.com.ph Volume also fell, down to 4.15...
