Latest Market News

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

BPI

BPI Wealth targets 20% AUM growth

BPI Wealth aims to achieve a 20% growth in assets under management this year, focusing on expanding its customer base among retail and high-net-worth clients. This growth strategy reflects the bank's commitment to enhancing its wealth management services.

  • BPI Wealth targets a 20% growth in assets under management.
  • The focus is on increasing its customer base in retail and high-net-worth markets.
  • This growth strategy is part of BPI's broader wealth management enhancement.
Read more: bworldonline
financials
HOUSE

8990 Holdings Q2 income up 13%, delisting completion set for Oct. 29

8990 Holdings, Inc. reported a 13.2% increase in its second-quarter net income, driven by higher sales, and is set to complete its delisting by October 29. The company’s revenues rose slightly, indicating a stable performance amid market challenges.

  • 8990 Holdings' Q2 net income increased by 13.2% to P1.54 billion.
  • The company will complete its delisting on October 29.
  • Revenues rose by 1.3% to P5 billion.
Read more: bworldonline
property
PX

OceanaGold Philippines new chairman vows stronger ties with regulators, investors

OceanaGold (Philippines) Inc.'s new chairman, Brian Martin, has committed to strengthening relationships with regulators and investors while ensuring the company contributes to national development goals. The company plans to sell at least 25% of its gold production to the central bank to bolster the country's reserves.

  • OceanaGold will sell at least 25% of its gold production to the central bank.
  • The company aims to create long-term value for shareholders.
  • OceanaGold was recently included in the PSE MidCap index.
Read more: manilatimes,manilatimes
mining and oil

Ayala cuts ties on Honda dealership after 35 years

Ayala Corp. is discontinuing its Honda dealership operations by the end of the year, marking the end of a 35-year partnership. This decision is part of Ayala's strategy to streamline its portfolio and focus on new growth areas, including electric vehicle initiatives.

  • Ayala will stop selling Honda cars by December 31.
  • The company aims to focus on electric vehicle business and other ventures.
  • Ayala has previously exited partnerships with other brands, including Volkswagen.
Read more: manilatimes,gmanetwork
holding firms

Anscor exits Bistro Group; sells entire stake for P1.9B

A. Soriano Corp. (Anscor) has sold its entire 22% stake in TBG Food Holdings Inc., operator of The Bistro Group, for P1.914 billion, realizing over 25% annualized returns on its investment. This strategic exit reflects Anscor's focus on optimizing its portfolio and pursuing new growth areas.

  • Anscor sold its 22% stake in The Bistro Group for P1.914 billion.
  • The sale was negotiated with Inoza Business Holdings Inc., affiliated with Progeny Global Holdings.
  • Anscor realized gross annualized returns greater than 25% on its investment.
Read more: manilatimes,gmanetwork
holding firms
HOUSE

8990 Holdings Q2 income up 13%, delisting completion set for Oct. 29

8990 Holdings reported a 13.2% increase in its second-quarter attributable net income, driven by higher sales. The company is also set to complete its delisting process by October 29, impacting its future capital structure.

  • The company's Q2 net income rose to P1.54 billion.
  • Revenues increased by 1.3% to P5 billion.
  • The delisting process is expected to finalize on October 29.
Read more: bworldonline
property
BPI

BPI Wealth targets 20% AUM growth

BPI Wealth aims to grow its assets under management by 20% this year, focusing on expanding its customer base among retail consumers and high-net-worth individuals. This growth strategy reflects the bank's commitment to enhancing its wealth management services.

  • BPI Wealth is targeting a 20% increase in assets under management.
  • The focus is on attracting both retail and high-net-worth clients.
  • This growth initiative is part of BPI's broader strategy to strengthen its financial services.
Read more: bworldonline
financials

OceanaGold Philippines new chairman vows stronger ties with regulators, investors

OceanaGold's new chairman, Brian Martin, emphasizes the company's commitment to invest in the Philippines and strengthen ties with regulators and investors. The company plans to sell at least 25% of its gold production to the central bank to bolster national reserves.

  • OceanaGold aims to enhance its operational performance and shareholder value.
  • The company has been recognized for its consistent performance and transparency.
  • Martin's leadership will focus on building relationships with local communities and regulators.
Read more: manilatimes,manilatimes
mining and oil

Ayala cuts ties on Honda dealership after 35 years

Ayala Corp. is ending its dealership network with Honda Cars Philippines, marking the conclusion of a 35-year partnership. This move reflects Ayala's strategy to streamline its automotive portfolio and focus on electric vehicle ventures.

  • Ayala will cease selling Honda cars by the end of the year.
  • The company has previously exited partnerships with other brands, including Volkswagen and Maxus.
  • Ayala's remaining brands will include BYD, Kia, and Isuzu.
Read more: manilatimes,bworldonline
holding firms

Anscor exits Bistro Group; sells entire stake for P1.9B

A. Soriano Corp. (Anscor) is selling its entire minority stake in TBG Food Holdings Inc. for P1.914 billion, realizing significant returns on its investment. This divestment aligns with Anscor's strategy to optimize its portfolio and focus on new growth areas.

  • Anscor's stake sale to Inoza Business Holdings Inc. marks a strategic exit from the casual dining sector.
  • Anscor realized gross annualized returns greater than 25% on its investment.
  • The transaction is fully cash-based, reflecting strong investor confidence.
Read more: manilatimes,bworldonline
holding firms

IMF cuts Philippines growth forecast amid challenges

The International Monetary Fund has revised its growth forecast for the Philippines down to 5.4% for 2025, citing headwinds such as higher US tariffs affecting exports and investments. Despite this, the IMF noted the country's resilience and potential for growth.

  • IMF projects GDP growth at 5.4% for 2025, down from previous estimates.
  • Higher US tariffs are expected to impact Philippine exports.
  • The Philippine economy remains resilient despite external challenges.
Read more: manilatimes
financials
ACEN

ACEN extends P900-M loan for large-scale wind farm in Quezon

ACEN Corp. has extended a P900 million loan to its subsidiary for the development of a 553-megawatt wind farm in Quezon province, signaling its commitment to renewable energy projects. This funding will support the project's infrastructure and operational needs.

  • The loan is part of financing for a 553-MW wind farm project.
  • The project is expected to enhance ACEN's renewable energy portfolio.
  • ACEN's shares rose following the announcement.
Read more: manilatimes
industrial

OceanaGold Philippines new chairman vows stronger ties with regulators, investors

OceanaGold (Philippines) Inc.'s new chairman, Brian Martin, emphasizes the company's commitment to operational performance and value creation for shareholders while strengthening ties with regulators and the Philippine Stock Exchange. The company aims to sell a portion of its gold production to the central bank to bolster national reserves.

  • OceanaGold plans to sell at least 25% of its gold production to the central bank.
  • The company aims to strengthen relationships with regulators and investors.
  • Martin brings two decades of experience in the metals and mining sector.
Read more: manilatimes
mining and oil

Ayala cuts ties on Honda dealership after 35 years

Ayala Corp. is ending its dealership network with Honda Cars Philippines, Inc. by December 31, marking the conclusion of a 35-year partnership as it shifts focus to other ventures, including electric vehicles. This decision reflects Ayala's strategy to streamline its automotive portfolio.

  • Ayala will stop selling Honda cars by December 31.
  • The company is refocusing on electric vehicle ventures.
  • Ayala's remaining brands will include BYD, Kia, and Isuzu.
Read more: manilatimes,bworldonline
holding firms

Anscor exits Bistro Group; sells entire stake for P1.9B

A. Soriano Corp. (Anscor) has sold its entire minority stake in TBG Food Holdings Inc., operator of The Bistro Group, for P1.914 billion, realizing significant returns on its investment. This strategic exit reflects Anscor's focus on optimizing its portfolio and reallocating resources to new growth areas.

  • Anscor sold a 22% stake in The Bistro Group for P1.914 billion.
  • The sale was negotiated fully in cash.
  • Anscor achieved gross annualized returns greater than 25% on its investment.
Read more: manilatimes,gmanetwork
holding firms
ALI

Ayala Land Invests P10.3B in Davao Mixed-Use Estate

Ayala Land is investing P10.3 billion in the development of Ascenda, a 204-hectare mixed-use estate in Davao City, aimed at capitalizing on the growing demand for properties outside Metro Manila. This project is expected to enhance Ayala's portfolio and attract further investments in the region.

  • Ascenda will feature a town center and residential district.
  • The investment reflects Ayala's strategy to expand in Mindanao.
  • Davao's growing economy supports the project's viability.
Read more: manilatimes,bworldonline
property

IMF Cuts Philippines Growth Forecast Amid Economic Challenges

The International Monetary Fund has revised its growth forecast for the Philippines, citing ongoing economic challenges and external pressures. This adjustment may impact investor sentiment and future corporate earnings, particularly in sectors reliant on economic growth.

  • GDP growth forecast lowered to 5.4% for 2025.
  • Higher US tariffs on Philippine goods are expected to affect exports.
  • The government aims for a growth target of 5.5% to 6.5%.
Read more: manilatimes
financials
ACEN

ACEN Extends P900-M Loan for Wind Farm Project

ACEN Corporation has provided a P900 million loan to its subsidiary for the development of a 553-megawatt wind farm in Quezon province, reinforcing its commitment to renewable energy. This project is part of ACEN's broader strategy to expand its renewable energy portfolio.

  • The wind farm is expected to be the largest of its kind in the Philippines.
  • The loan supports phases 1 and 2 of the project.
  • ACEN continues to invest heavily in renewable energy initiatives.
Read more: manilatimes,bworldonline
industrial

Anscor Exits Bistro Group with P1.91-B Sale

A. Soriano Corporation has sold its 22% stake in The Bistro Group for P1.91 billion, realizing significant gains from its investment. This divestment aligns with Anscor's strategy to streamline its portfolio and focus on high-growth areas.

  • Anscor realized over 25% annualized returns on its investment.
  • The sale was fully paid in cash.
  • The Bistro Group operates over 200 casual dining outlets.
Read more: manilatimes,bworldonline
holding firms
AEV

Ayala Exits Honda Dealership After 35 Years

Ayala Corporation is terminating its Honda dealership operations, marking a significant shift in its automotive strategy as it focuses on the electric vehicle market. This decision follows the company's recent exits from other automotive partnerships, reflecting a broader trend towards sustainable mobility.

  • Ayala has been a Honda dealer for over 35 years.
  • The company is shifting focus to electric vehicle initiatives.
  • Management of Honda dealerships will transition to new principals.
Read more: manilatimes,bworldonline
holding firms

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