Company Overview and News

Bargain hunt lifts bourse back above 7,700

2018-04-20 bworldonline
THE Philippine Stock Exchange Index (PSEi) managed to crawl back above the 7,700 line on Friday amid bargain-hunting after falling to a one-year low the preceding day, even as it continued a trend of weekly losses.
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Negros Oriental bans permits for coal power plants

2018-04-08 bworldonline
THE provincial board of Negros Oriental has issued a resolution banning the use of coal as a source of energy throughout the province, adding to the number of local governments that have decided to eradicate the use of the fossil fuel.
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First Philippine Holding 2017 recurring profit up 15%

2018-04-06 bworldonline
FIRST Philippine Holdings Corp. (FPH) reported on Friday a 15% increase in 2017 net profit on a recurring basis to P6.8 billion, which excludes a one-off item in connection with debt prepayments by unit First Gen Corp.
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Investment fund acquires 5% stake in Phinma Energy

2018-03-26 bworldonline
PHINMA ENERGY Corp. told the stock exchange on Monday that a Cayman Islands-based investment fund had acquired a 5.005% stake in the company.
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First Gen posts flat earnings

2018-03-16 bworldonline
FIRST Gen Corp. reported “flat earnings growth” for 2017, at $163 million, as the natural calamities that struck Leyte last year hit the performance of its geothermal and hydroelectric plants in the area.
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Over 40 years of powering a future of infinite possibilities

A nation whose progress is backed by strong, steady, clean and sustainable power—that is the vision of Energy Development Corporation, the Philippines’ leading renewable energy company.
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EDC 2017 profit slips by 4% to P8.8B

Energy Development Corp. posted a recurring net income of P8.8 billion in 2017, down 4 percent from 2016 mainly due to calamities that hit Leyte where the company’s geothermal facilities are located.
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EDC profit declines 4% in 2017

2018-03-01 bworldonline
ENERGY DEVELOPMENT Corp. (EDC) posted a net income of P8.8 billion in 2017, down 4% from the previous year, after the twin impact of the typhoon and earthquake that hit Leyte island, the Lopez-led company told the stock exchange.
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Less reliance on coal in power sector seen

CEBU CITY—The electricity industry is approaching the threshold of transition into the dominance of renewable energy resources, under which there is “not much need for many new plants” especially coal-fired ones, according to the top official of First Philippine Holdings Corp.
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FPH chief hits banks for supporting coal plants

2018-02-22 bworldonline
CEBU CITY — Local banks continue to extend loans to new coal-fired power plant projects despite the Philippines being directly hit by climate change, the chairman of Lopez-led First Philippine Holdings Corp. (FPH) said.
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No change in PSE index; sectors undergo revamp

2018-02-12 bworldonline
THE 30-MEMBER Philippine Stock Exchange index (PSEi) will remain unchanged, according to the bourse’s latest review covering full year 2017.
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PSEi remains sluggish

The local stock barometer slipped on Monday as investors remained cautious following the recent global market turbulence.
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Cusi pushes energy resiliency policy

2018-01-31 philstar
MANILA, Philippines — Energy Secretary Alfonso Cusi said the implementation of an energy resiliency policy is critical in securing power supply, particularly in Albay province which was directly affected by Mayon Volcano’s eruption.
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Of 91 Utilities, 24 Pay 'Safer' Dividends To January 2019

2018-01-31 seekingalpha
Top "safer" dividend Utility by net gain, PEGI, showed 24.46% as of 1/26/18 per broker targets, while nine trailing averaged 7.36%.
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Subhlabh Fiscal Services sells 13.62 lakh shares of Energy Development Company

2018-01-16 moneycontrol
On January 15, 2018 Jain Dharmendra bought 2,55,000 shares of Energy Development Company at Rs 32 on the NSE.
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CUSIP: 29269D106