Aboitiz Equity Ventures, Inc.

Aboitiz Equity Ventures, Inc.
Aboitiz Equity Ventures, Inc.
Type: Company
Name: Aboitiz Equity Ventures, Inc. (Aboitiz Equity Ventures Inc)
First reported May 16 2013 - Updated May 16 2013 - 1 reports

Seven groups qualify to bid for $430 mln Philippine airport project

The Philippines governmentapproved as qualified bidders all seven groups that haveexpressed interest in a $430 million airport project, thetransport ministry said on Thursday.The groups include some of the world's top airport operators and the largest ... [Published Reuters - May 16 2013]
First reported May 07 2013 - Updated May 07 2013 - 1 reports

Profit-taking drags market lower

Local stocks pulled back for a second straight session Tuesday, although on thin volume, as rich valuations spurred profit-taking.The main-share Philippine Stock Exchange lost 24.53 points or 0.34 percent to close at 7,146.12, led by the property counter ... [Published Philippine Daily Inquirer - May 07 2013]
First reported May 06 2013 - Updated May 06 2013 - 1 reports

Stock Market: Bourse retreats from peak

The Philippine Stock Exchange index (PSEi) dipped by 44.70 points or 0.62% to close at 7,170.65, while the broader all-share index slipped by 10.05 points or 0.22% to 4,479.95.“Investors cashed in their gains and then started looking for other more profitable ... [Published Business World - May 06 2013]
First reported May 05 2013 - Updated May 05 2013 - 1 reports

Aboitiz Equity profits up 16%

Aboitiz Equity Ventures, Inc. (Aboitiz) said profit for the first quarter of the year reached P6.8 billion, 16.23 percent higher than the previous year’s P5.85 billion, an earnings per share of P1.24. ... [Published Malaya Business Insight - May 05 2013]
First reported May 03 2013 - Updated May 03 2013 - 2 reports

Corporate News: Aboitiz Equity buoyed by banking, food units

CONGLOMERATE Aboitiz Equity Ventures, Inc. (AEV) grew profits in the first quarter on the back of strong performance of its banking and food units, the company said in a filing with the Philippine Stock Exchange (PSE) on Friday. ... [Published Business World - May 03 2013]
First reported May 03 2013 - Updated May 03 2013 - 3 reports

Aboitiz holding firm posts 17% profit growth in Q1

By Neil Jerome C. Morales(The Philippine Star) | Updated May 4, 2013 - 12:00amMANILA, Philippines - Holding firm Aboitiz Equity Ventures Inc. (AEV) recorded double-digit earnings growth in the first quarter, another blue chip stock posting healthy income ... [Published Philippine Star - May 03 2013]
First reported May 03 2013 - Updated May 03 2013 - 2 reports

Aboitiz group's Q1 profits jump 17% to P6.8-B

MANILA -- Aboitiz Equity Ventures Inc. saw its consolidated net income rise by 17% to P6.8 billion in the first quarter due to one-time gains.In a disclosure, the firm said it booked a one-off gain of P119 million for the revaluation of dollar-denominated ... [Published ABS-CBN News - May 03 2013]
First reported May 03 2013 - Updated May 03 2013 - 1 reports

Philippines - Market factors to watch on May 3

SE Asia Stocks-Most down; outlook revision hurts Indonesia. and Aboitiz Equity Ventures Inc. hold analysts' briefing on Q1 financial and operating results, Makati A and B Function Rooms, Makati Shangri-la Hotel, 4:00 p.m.. ... [Published CNBC - May 03 2013]
First reported May 01 2013 - Updated May 01 2013 - 1 reports

Filinvest-Changi team upbeat on Mactan project

Gotianun-led Filinvest Development Corp. is planning to transform the Mactan-Cebu International Airport into a “world-class” air gateway via partnership with Singapore’s Changi Airport Group, according to a statement issued by the company.Filinvest, which ... [Published Philippine Daily Inquirer - May 01 2013]
First reported Apr 24 2013 - Updated Apr 24 2013 - 2 reports

Ayala, Aboitiz in joint venture to develop land assets in Cebu

Ayala Land Inc. (ALI) on Wednesday said t it formed a joint venture with Cebu-based Aboitiz Equity Ventures (AEV) to develop and acquire parcels of land in Cebu province.In separate disclosures to the Philippine Stock Exchange, both Ayala and AEV, which ... [Published Business Mirror - Apr 24 2013]
First reported Apr 23 2013 - Updated Apr 23 2013 - 2 reports

Philippine Stock Trading Slumps as Valuations Surge to Record

Philippine stock trading volumes are sinking to the lowest level in two months and volatility is picking up as the benchmark index’s jump above 7,000 for the first time spurs concern that shares have become too expensive.The Philippine Stock Exchange ... [Published BusinessWeek - Apr 23 2013]
First reported Apr 22 2013 - Updated Apr 22 2013 - 5 reports

Changi, Incheon among bidders in MCIA project

SEVEN groups interested in the P17.5-billion Mactan Cebu International Airport (MCIA) project submitted their bids yesterday.“We are happy with the high number of submissions, which signified a transparent process and highlights the viability of the Mactan ... [Published Sun Star Network - Apr 22 2013]

Quotes

...The change was meant "to encourage broader participation in the bid, in order to provide government with more competitive proposals from the private sector."
...power plants across the Philippines remains on track, Aboitiz Equity president and chief executive Erramon Aboitiz noted in an e-mailed statement. "We remain focused on the pipeline of capacity additions which are in advanced stages of execution. Together with our partners, P190 billion of capex will be put inin place to build an additional capacity of 1,850MW over the next five years. Reliable and affordable power supply is critical to sustain the economic growth momentum of the country, he said.In a separate statement, Aboitiz Power Corp. reported a consolidated net income of P4.6 billion for the quarter ending March 31, 2013, recording a decrease of 18 % year-on-year.The revaluation of consolidated dollar loans and placements resulted to a P154 million non-recurring income, the company said.However, AboitizPower realized a one-time, non-recurring expense due to a debt prepayment cost of P92 million. Accounting for all one-off items, AboitizPowers core net income for the first quarter of 2013 amounted to P4.5 billioin, 11 percent lower year-on-year, it added. VS, GMA News"
...1 billion in equities at Manila-based Philamlife AIA, said by phone. "Over-valuation is the overriding reason behind the rise in volatility. Selling pressure is coming from those who realize that this over-valuation isn’t sustainable."
"We welcome the participation of foreign operators because we want to get the best in the world to serve our people and tourists" said Abaya

More Content

All (57) | News (55) | Reports (0) | Blogs (0) | Audio/Video (0) | Fact Sheets (2) | Press Releases (0)
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BPI pegs planned ETF to MSCI index [Published Business World - May 19 2013]
Seven groups qualify to bid for $430 mln Philip... [Published Reuters - May 16 2013]
DOTC prequalifies 7 groups for Cebu airport pro... [Published Philippine Star - May 15 2013]
7 groups prequalify for Mactan airport project ... [Published Interaksyon - May 15 2013]
Profit-taking drags market lower [Published Philippine Daily Inquirer - May 07 2013]
Ayala Landâs acquisition plans gain ground [Published Business World - May 06 2013]
Stock Market: Bourse retreats from peak [Published Business World - May 06 2013]
Aboitiz Equity profits up 16% [Published Malaya Business Insight - May 05 2013]
Corporate News: Aboitiz Equity buoyed by bankin... [Published Business World - May 03 2013]
Aboitiz holding firm posts 17% profit growth in Q1 [Published Philippine Star - May 03 2013]
Credit upgrade lifts stocks [Published Philippine Daily Inquirer - May 03 2013]
APC tempers Aboitiz Q1 gains [Published Philippine Daily Inquirer - May 03 2013]
Aboitiz Equity reports P5.5B in core net income... [Published GMA News.tv - May 03 2013]
Aboitiz group's Q1 profits jump 17% to P6.8-B [Published ABS-CBN News - May 03 2013]
Aboitiz Equity Q1 income up 17% to P6.8-B [Published Rappler - May 03 2013]
One-time gain boosts Aboitiz group's 1Q net income [Published Interaksyon - May 03 2013]
Philippines - Market factors to watch on May 3 [Published CNBC - May 03 2013]
Filinvest-Changi team upbeat on Mactan project [Published Philippine Daily Inquirer - May 01 2013]
Stock market to test record high this week amid... [Published Interaksyon - Apr 28 2013]
Holding firms, mining lead stock rally [Published Philippine Daily Inquirer - Apr 25 2013]
SMIC only interested in retail aspect of Cebu a... [Published Rappler - Apr 25 2013]
Ayala, Aboitiz in joint venture to develop land... [Published Business Mirror - Apr 24 2013]
Ayala, Aboitiz tie up anew [Published Philippine Star - Apr 24 2013]
PSALM awards P75.5-M supply contracts [Published Philippine Star - Apr 24 2013]
Ayala, Aboitiz property units ink Cebu deal [Published Business World - Apr 24 2013]
Philippine Stock Trading Slumps as Valuations S... [Published BusinessWeek - Apr 23 2013]
Philippine Stocks Drop Most in Three Weeks on R... [Published Washington Post - Apr 23 2013]
Mactan terminal contractor known by year’s end [Published Philippine Daily Inquirer - Apr 23 2013]
Changi, Incheon among bidders in MCIA project [Published Sun Star Network - Apr 22 2013]
7 groups eye Mactan-Cebu airport project [Published Philippine Daily Inquirer - Apr 22 2013]
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