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Manila Electric Co (MER.PS)

MER.PS on Philippine Stock Exchange

277.80PHP
24 Mar 2017
Change (% chg)

Php1.20 (+0.43%)
Prev Close
Php276.60
Open
Php276.80
Day's High
Php281.80
Day's Low
Php276.60
Volume
371,940
Avg. Vol
263,435
52-wk High
Php355.00
52-wk Low
Php255.20

Latest Key Developments (Source: Significant Developments)

Manila Electric declares of a final regular cash dividend
Monday, 27 Feb 2017 07:02pm EST 

Manila Electric Co : Declaration of a final regular cash dividend of pesos 9.30 per share to all shareholders .Final regular cash dividend consists of final regular cash dividend of pesos 4.08 per share and special cash dividend of pesos 5.22 per share.  Full Article

Manila Electric declares of a final regular cash dividend
Monday, 27 Feb 2017 06:51pm EST 

Manila Electric Co : Declaration of a final regular cash dividend of pesos 9.30 per share to all shareholders .Final regular cash dividend consists of final regular cash dividend of pesos 4.08 per share and special cash dividend of pesos 5.22 per share.  Full Article

Manila Electric clarifies on news article
Thursday, 19 Jan 2017 12:44am EST 

Manila Electric Co : Refers to news article 'MPIC sets p60 b capex this year' in philstar.com on Jan 19 .confirms statement with respect to 15 billion pesos capital expenditure of co for year, clarifies capex is subject to approval of energy regulatory commission.  Full Article

Manila Electric clarifies on news related to sales forecast
Tuesday, 3 Jan 2017 02:08am EST 

Manila Electric Co : refers to article titled "meralco sees sales rising 3.5%" manila standard (internet edition) on jan 1 .confirm statement attributed to senior vp alfredo panlilio, with clarification that forecasted sales this year is only indicative.  Full Article

Manila Electric clarifies on news article in Businessmirror (internet edition) on Dec 21
Thursday, 22 Dec 2016 02:02am EST 

Manila Electric Co : Actual percentage of growth on sales volume will be disclosed properly in the company’s financial and operating results . Article reported that meralco energy sales volume expected to grow 8.1% by year-end to over 40,000 gwh . Clarification of news article in businessmirror (internet edition) on dec 21 .Confirm statement attributed to senior vice president alfredo panlilio, that forecasted sales volume for end of year is only indicative.  Full Article

Manila electric signs a JV with Blue Energy Holdings
Tuesday, 11 Oct 2016 10:24pm EDT 

Manila Electric Co : Signs a joint venture agreement and shareholders’ agreement with Blue Energy Holdings and Management Corp. . Companies will jointly pursue and undertake the development of various hydroelectric power projects .JVC to be incorporated by the parties in the total amount PHP 3.1 Million.  Full Article

Manila Electric clarifies on news article about July electricity sales volume
Wednesday, 24 Aug 2016 01:43am EDT 

Manila Electric Co : Announcement refers to article "meralco reports 7-percent year-on-year jump on electricity sales volume in July" in business mirror on August 24 . Confirm statement attributed to president & CEO, oscar reyes, with clarification that forecasted sales volume for 2nd half of year is only indicative .  Full Article

Manila Electric Co says qtrly operating revenue 66.92 billion pesos vs 69.22 billion pesos
Monday, 15 Aug 2016 05:11am EDT 

Manila Electric Co : Qtrly operating revenue 66.92 billion pesos versus 69.22 billion pesos . Qtrly net income attributable to parent equity holder 6.22 billion pesos versus 7.33 billion pesos .  Full Article

Philippines' PLDT in talks to sell 8.7 pct stake in Meralco
Tuesday, 2 Aug 2016 02:10am EDT 

Philippine Long Distance Telephone Co (PLDT) Chairman and CEO Manuel Pangilinan says in a briefing : PLDT plans to divest 8.7 percent stake in Meralco . In talks with interested buyers for Meralco stake, may complete divestment in H1 2017 Further company coverage: [TEL.PS] [MER.PS] (Reporting By Neil Jerome Morales) ((enrico.delacruz@thomsonreuters.com;)).  Full Article

International Container Terminal Services reply to pse's request for clarification on news article
Thursday, 28 Jul 2016 03:00am EDT 

International Container Terminal Services Inc : Reply to pse's letter seeking clarification and/or confirmation of news article "meralco, itcsi (sic) draw p10b cargo rail plan" . In discussions with mrail, inc., a meralco unit to connect mict in port of Manila to ictsi's inland container terminal in calamba . Source (http://bit.ly/2a1xA6A) ((For more news, please click here [ICT.PS])) ((Bengaluru Newsroom; +91 80 6749 1130)).  Full Article

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