Stock News and Filings Feed
MANILA, Philippines - The stock market may again attempt to breach the 8,000 level this week although most analysts said it may still be difficult to sustain the 8,000 level given that second quarter and first half corporate earnings were lower than expectations.
MANILA, Philippines - LT Group Inc. (LTG), the holding company of taipan Lucio Tan, reported a net income of P4.53 billion in the first half, slightly lower than the same period last year.
Tycoon Lucio Tan-led conglomerate LT Group Inc. chalked up P4.53 billion in first semester net profit, flat from the level last year as higher earnings from tobacco and real estate units were offset by slower liquor businesses.
Makati City, July 31, 2017 – The year was 1988. Then already 130 years strong, more than a century of noble tradition could not save Tanduay from impending disaster. The business had fallen on hard times—crippled by outdated production methods and antiquated equipment, revenues were declining fast and the biggest rum producer in the country was nearing bankruptcy.
The local stock barometer rallied to the 8,000 mark yesterday, hitting a new high for the year, on hopes for the passage of the Philippine tax reform law.
MANILA, Philippines - Taipan Lucio Tan, the Philippines’ third richest man, turns 84 today but there’s no stopping him from bringing his multibillion dollar empire – comprising of cigarettes to skyscrapers to airlines – to greater heights.
MANILA, Philippines - Shares of LT Group Inc. (LTG), the holding company of taipan Lucio Tan, rallied for the second straight day yesterday following the Department of Finance’s announcement that Japan Tobacco Inc. (JTI) is in talks to buy embattled cigarette company Mighty Corp. for P45 billion.
Karen Santos, fashion designer-turned-curator of beautiful things for the home, hosted lunch at Nest Furniture on Jupiter in Makati—the venue of her latest Kassa popup exhibition-sale of 19th-century antiques, mid-century vintage pieces and new furniture.
MANILA, Philippines - Share prices ended yesterday in negative territory due to technical correction, analysts said.
MANILA, Philippines - Taipan Lucio Tan, the country’s fourth richest man, who in recent years has opened his vast empire to partners including erstwhile competitors, will continue to do so as part of a strategy to grow the business.
MANILA, Philippines - The LT Group Inc. hopes the government will continue its crackdown on illicit cigarette trade to ensure a level playing field, its top official said.
MANILA, Philippines - Share prices declined yesterday as investors took profits, ignoring Wall Street gains, analysts said.
MANILA, Philippines - LT Group (LTG), the listed holding company of taipan Lucio Tan, is looking to set up beverage manufacturing facilities in the Asean region as part of its growth strategy.
MOSCOW – Close to $1 billion worth of business deals have been signed between Philippine and Russian firms following President Duterte’s shortened state visit here.
MOSCOW – It’s business as usual for over 200 members of the Philippine business delegation to Russia even as President Duterte cut short his official visit here after declaring martial law in Mindanao because of the situation in Marawi City.
MOSCOW – The group of business tycoon Manuel V. Pangilinan will scout for possible partnerships in Russia to further grow its various businesses, a ranking group official said.
The local stock barometer firmed up slightly yesterday as domestic investors picked up shares when the index neared the 7,700 barrier.
MANILA, Philippines - LT Group Inc. (LTG), the holding company of taipan Lucio Tan, reported a income of P2.25 billion in the first quarter, the same level as last year.
MANILA, Philippines - Ayala Land Inc. (ALI) grew its first quarter net income to P5.56 billion, up 18 percent from the same period a year ago.
MANILA, Philippines - Property giant Ayala Land Inc. raised P7 billion via the issuance of fixed rate bonds, beefing up its war chest for continued growth.
MANILA, Philippines - Ayala Land Inc. (ALI), the property and mall developer of the Ayala Group, is launching P117 billion worth of projects this year including three sprawling mixed-used estates, officials said in a briefing Wednesday.
Fidelity Asian Values PLC’s NAV returned +10.2% (total return) over the six months to 31 January 2017
MANILA, Philippines - LT Group Inc. of tycoon Lucio Tan reported a net income of P9.39 billion last year, up 42 percent from 2015 on robust consumer spending.
*The Company’s yield based on dividends announced in the last 12 months as at the date of the release of this announcement is 3.7% and includes the 2016 final dividend of 4.00 cents per share declared on 22 November 2016 and paid to shareholders on 17 February 2017 and the 2016 interim dividend of 2.60 cents per share announced on 16 May 2016 and paid to shareholders on 1 July 2016.