Manila Electric Co (MER.PS)
9 Dec 2013
|Market Cap (Mil.):||Php304,856.91|
|Shares Outstanding (Mil.):||1,129.10|
MANILA, Nov 28 - Philippine conglomerate JG Summit Holdings Inc said it planned to issue 20 billion pesos ($458 million) worth of retail bonds, with an oversubscription option of up to 10 billion pesos, to fund its acquisition of Manila Electric Co shares.
MANILA, Nov 11 - Philippine conglomerate San Miguel Corp posted on Monday a 15 percent rise in its net recurring profit in the first nine months of the year on gains in its fuel, beer, liquor, food and power units.
Oct 25 - Nine months ending Sept. 30, 2013. (in billion pesos) Net income 13.64 vs 13.65 Core net income 13.56 vs 12.89 Revenue 208.10 vs 214.75 NOTE: Manila Electric Co (Meralco), the Philippines' largest power utility, said it is likely to exceed its full-year core net profit guidance of 17 billion pesos, which represents a 4 percent increase from last year. The company is controlled by Hong Ko
MANILA - Manila Electric Co (Meralco) said on Wednesday its wholly owned unit, Meralco PowerGen Corp, has agreed to buy 20 percent of the power generation arm of conglomerate GT Capital Holdings Inc .
MANILA, Oct 9 - Manila Electric Co (Meralco) said on Wednesday its wholly owned unit, Meralco PowerGen Corp, has agreed to buy 20 percent of the power generation arm of conglomerate GT Capital Holdings Inc .
MANILA, Oct 8 - Philippine conglomerate JG Summit Holdings Inc plans to raise around 50 billion pesos ($1.2 billion) via bank loans and debt issuance to finance its acquisition of 27 percent of Manila Electric Co (MER.PS), JG Summit President Lance Gokongwei said.
* JG Summit buys into Meralco at discount of around 20 pct
MANILA - San Miguel Corp has agreed to sell its 27.1 percent stake in the Philippines' largest power retailer Manila Electric Company (Meralco) to local conglomerate JG Summit Holdings Inc in a deal worth around $2 billion.
* Meralco shares jump, JG Summit slips (Adds San Miguel president's comment, updates prices)
MANILA - Philippine conglomerate JG Summit Holdings Inc said on Wednesday it was in discussions with San Miguel Corp to acquire the latter's shares in the country's largest power distributor Manila Electric Co (Meralco) .
Earnings vs. Estimates
Analyst Research Reports
Manila Electric Co: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
Provider: Thomson Reuters Stock Report
Provider: Wright Reports
Maybank ATR Kim Eng Results review Manila Electric Co (MER): Strong volume, lower costs boost profits (SELL)
Provider: Maybank ATR Kim Eng
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