Latest Market News

Stay updated with the latest news about dividends, earnings, and corporate actions in the Philippine stock market.

PX

Philex Mining reports Q1 net income growth despite higher costs

Philex Mining's net income for Q1 2025 reached P131 million, a 14% increase year-on-year, although core profits fell due to rising operating costs. The company is focusing on its Silangan project to boost future production.

  • Net income of P131 million for Q1 2025.
  • 14% increase from the previous year.
  • Core profits down 32.38% due to higher operating costs.
Read more: manilatimes
PAL

Philippine Airlines nets $77M in Q1

Philippine Airlines reported a net income of $77 million for the first quarter of 2025, marking its 14th consecutive profitable quarter since the pandemic. This consistent profitability is significant for shareholders looking for stability in returns.

  • Net income of $77 million for Q1 2025.
  • 14 consecutive profitable quarters since the pandemic.
  • Strong recovery in passenger volumes and revenues.
Read more: gmanetwork
ALI

Ayala Land planning to raise P55B this year

Ayala Land aims to raise P55 billion in 2025 to support its capital expenditure and refinance debts. This fundraising effort is critical as the company anticipates significant growth in its property development segments.

  • Targeting to raise P55 billion this year.
  • P25 billion for refinancing maturing obligations.
  • P30 billion allocated for capital expenditures.
Read more: manilatimes
BDO

BDO Jan-March net grows 6% to P19.7B

BDO Unibank reported a 6.48% increase in net income for Q1 2025, reaching P19.7 billion, driven by strong performance across its segments. However, the bank anticipates challenges ahead due to the easing of interest rates affecting future earnings.

  • Net income of P19.7 billion for Q1 2025.
  • 6.48% growth from P18.5 billion in Q1 2024.
  • Outlook for 2025 earnings less optimistic due to interest rate easing.

Chinabank declares P6.7-B cash dividend

Chinabank announced a cash dividend of P6.7 billion for 2025, marking a 14% increase from the previous year. This dividend translates to a payout ratio of 27% and a cash dividend yield of 2.8%, which is significant for shareholders.

  • Cash dividend of P6.7 billion declared.
  • 14% increase from last year's P5.9 billion.
  • Payout ratio of 27% and cash dividend yield of 2.8%.
Read more: manilatimes
EW

EastWest Bank bullish on sustained profit growth

EastWest Banking Corp. is optimistic about achieving double-digit profit growth this year, which could positively influence its dividend payouts. The bank's performance is crucial for maintaining investor confidence.

  • Expecting sustained double-digit profit growth barring external shocks.
  • Focus on improving operational efficiency and customer service.
  • Positive outlook amid uncertain global economic conditions.
Read more: bworldonline
BPI

BPI profits hit P19.7B in the first quarter

BPI reported a net income of P19.7 billion for the first quarter of 2025, marking a 7% year-on-year increase. This growth in profitability could enhance the bank's capacity to distribute dividends in the future.

  • Net income of P19.7 billion, up 7% year-on-year.
  • Net interest income increased by 6% to P47.8 billion.
  • Non-interest income surged by 21% to P18.6 billion.
Read more: business
ACEN

ACEN eyeing P30-B stock rights offering

ACEN Corp. plans to raise up to P30 billion through a stock rights offering to fund renewable energy projects and pay off debts. This capital raise is pivotal for the company's growth strategy and could impact future shareholder returns.

  • Targeting to raise up to P30 billion through a stock rights offering.
  • Proceeds will support renewable energy projects and debt repayment.
  • Minimum indicative pricing set at P2.30 per share.
Read more: manilatimes
ALI

Ayala Land eyes P55-billion fundraising this year

Ayala Land plans to raise P55 billion to refinance debts and support expansion projects, with a significant portion allocated to sustainability-linked financing. This move is crucial for maintaining its competitive edge and may influence future dividend potential.

  • Targeting to raise P55 billion for refinancing and capital expenditures.
  • 60% of the funds will come from sustainability-linked financing.
  • P30 billion will support a P95-billion capex program.

Chinabank declares P6.7-B cash dividend

Chinabank announced a cash dividend of P6.7 billion for 2025, reflecting a 14% increase from the previous year. This dividend corresponds to a payout ratio of 27% and a yield of 2.8%, making it an attractive option for dividend investors.

  • Total cash dividend of P6.7 billion, up from P5.9 billion in 2024.
  • Regular cash dividend of P1.50 per share plus a special cash dividend of P1.00.
  • Payout ratio of 27% based on the bank's closing stock price.
Read more: manilatimes

Peso down a centavo; PSEi sheds 10 points

The Philippine peso weakened slightly against the dollar, while the stock market experienced a minor decline due to profit-taking and ongoing global trade tensions. The PSEi closed at 6,158.48 points.

  • Peso closed at P56.555 to the dollar.
  • PSEi dropped by 10 points or 0.16%.
  • Foreign net outflows reached P291.87 million.
Read more: manilatimes
ICT

Impact of Trump tariffs 'too early to tell' – ICTSI

ICTSI's chairman stated that the impact of US tariffs on its operations remains uncertain, although the company is monitoring developments closely. The firm reported a record net income of $849.80 million last year.

  • ICTSI's trade with the US accounts for only 3% of its total portfolio.
  • Record net income of $849.80 million reported last year.
  • The company is focusing on capital expenditures of $580 million this year.
Read more: manilatimes
ACEN

ACEN eyeing P30-B stock rights offering

ACEN Corp. plans to raise up to P30 billion through a stock rights offering to fund renewable energy projects and pay off debts. The offering is expected to be completed by September 2025.

  • Target issue size of P30 billion for renewable energy projects.
  • Minimum indicative pricing set at P2.30 per share.
  • Proceeds will also help pay off existing debts.
Read more: manilatimes
ALI

Ayala Land eyes raising P55B through sustainability bonds

Ayala Land is planning to raise P55 billion this year to fund capital expenditures and refinance debts, with a focus on sustainability-linked financing. This move aims to support its ongoing expansion projects amidst economic uncertainties.

  • P55 billion to be raised through sustainability-linked financing.
  • 60% of the funds will support capital expenditures.
  • Ayala Land reported a 15% increase in net income for 2024.
Read more: manilatimes

Chinabank declares P6.7-B cash dividend

Chinabank announced a cash dividend of P6.7 billion for 2025, marking a 14% increase from last year's payout. This translates to a cash dividend yield of 2.8% based on the bank's recent stock price.

  • Total cash dividends of P6.7 billion to be paid on May 22, 2025.
  • Dividend yield of 2.8% based on a closing price of P89.55.
  • Payout ratio of 27% reflects the bank's strong financial performance.
Read more: manilatimes
PAL

Philippine Airlines to offer daily Manila to Doha flights

Philippine Airlines is set to launch daily nonstop flights between Manila and Doha, expanding its international reach and potentially enhancing its revenue streams.

  • The new route will begin on June 16, 2025, as part of a codeshare partnership with Qatar Airways.
  • This expansion aims to connect passengers to over 170 destinations in Qatar Airways' network.
  • The move reflects PAL's strategy to strengthen its international presence amid recovery efforts.
Read more: business
AGI

Alliance Global income down 12% as costs rise

Alliance Global Group reported a 12.2% drop in attributable income due to rising costs, which may impact future dividend payouts and investor sentiment.

  • Attributable income fell to P17.2 billion from P19.6 billion year-on-year.
  • The liquor business faced lower earnings amid global and domestic challenges.
  • The company plans to allocate P63 billion in capital expenditure, indicating a focus on future growth despite current challenges.
Read more: manilatimes

Meralco PowerGen inks P150-B syndicated loan

Meralco PowerGen has secured a P150 billion syndicated loan to fund its MTerra Solar project, which is expected to enhance its renewable energy capacity significantly.

  • The loan will finance the construction of the MTerra Solar project, delivering substantial renewable energy.
  • This project aims to provide Meralco with 850 megawatts of renewable energy.
  • The loan agreement involves several major banks, indicating strong financial backing.
Read more: manilatimes

Ayala Land eyes raising P55B through sustainability bonds, credit lines

Ayala Land Inc. is planning to raise P55 billion to fund expansion projects and settle maturing debts, reflecting its commitment to sustainable growth and development.

  • The capital-raising initiative will include sustainability bonds and credit lines.
  • Funds will be used for expansion projects and to manage existing debts.
  • This move underscores Ayala Land's focus on sustainability in its operations.
Read more: gmanetwork
ACEN

ACEN plans up to P30-B stock rights offer by September

ACEN Corp. is set to raise up to P30 billion through a stock rights offering to fund renewable energy projects and pay off debts, indicating a strong focus on expanding its renewable energy portfolio.

  • The stock rights offering (SRO) is expected to be priced at a minimum of P2.30 per share.
  • The funds will primarily support the expansion of renewable energy projects.
  • ACEN's board has already approved the SRO, with plans to complete it by September.
Read more: bworldonline

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