Latest Market News

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

Peso rebounds, PSEi falls amid economic uncertainty

The Philippine peso strengthened while the stock market fell, reflecting investor caution ahead of key economic data releases. This market volatility can impact dividend investors as it may affect stock valuations and future dividend payouts.

  • The peso strengthened against the dollar, closing at P58.62.
  • The PSEi fell to its lowest level in nearly seven months.
  • Investor caution may affect stock valuations and dividend payouts.
Read more: manilatimes
ECP

GCash partners with RCBC for accessible loans

GCash has partnered with Rizal Commercial Banking Corporation to offer a 24/7 accessible loan product, enhancing financial inclusion for Filipinos. This partnership could lead to increased customer engagement and revenue growth for both companies, potentially benefiting shareholders.

  • The partnership aims to provide accessible loan products to Filipinos.
  • This initiative could enhance customer engagement for GCash.
  • Increased revenue from loans may positively impact shareholder returns.
Read more: gmanetwork

Axelum Resources sees strong demand this year

Axelum Resources Corp. anticipates strong demand for its coconut products, which is expected to drive growth in 2025. This outlook is crucial for investors as it suggests potential revenue increases and the possibility of higher dividends.

  • The global coconut products industry is expected to see strong demand.
  • Axelum is focusing on expanding its market presence.
  • Increased demand may lead to higher profitability and dividends.
Read more: bworldonline
SCC

Semirara Mining reports increase in coal shipments

Semirara Mining and Power Corp. reported a 4.4% increase in coal shipments for 2024, driven by strong demand from both domestic and international markets. This growth is significant for dividend investors, as it may lead to improved profitability and potential dividend increases.

  • Coal shipments reached 16.5 million metric tons in 2024.
  • Exports to China surged by 46%, indicating strong international demand.
  • Increased shipments could enhance profitability and shareholder returns.
Read more: bworldonline
AEV

AboitizPower subsidiary to take over wind project

Aboitiz Power Corp. announced that its subsidiary, Aboitiz Renewables Inc., will fully control Cornerstone Energy Development Inc. after the termination of a joint venture with Mainstream Renewable Power. This move is expected to enhance AboitizPower's renewable energy portfolio and could positively impact future shareholder returns.

  • AboitizPower's subsidiary is taking full control of a wind project.
  • The acquisition is part of a strategy to expand renewable energy capabilities.
  • This could lead to increased shareholder value in the long term.
Read more: manilatimes

Peso rebounds; PSEi falls to 6,200 territory

The Philippine peso strengthened while the PSEi dropped to its lowest level in nearly seven months as investors await US inflation data. This market volatility could impact investor sentiment regarding dividends.

  • The peso strengthened to P58.62 against the dollar.
  • The PSEi closed at 6,299.67, reflecting investor caution.
  • Market participants are closely monitoring US inflation data for future trends.
Read more: manilatimes
MER

Meralco rates down in January

Meralco announced a decrease in electricity rates for January, providing relief to consumers. Lower generation charges may improve customer sentiment and could influence Meralco's future dividend decisions.

  • Electricity rates will be adjusted downwards, benefiting consumers.
  • The adjustment is attributed to lower generation charges.
  • This move may enhance Meralco's reputation and customer loyalty.
Read more: gmanetwork

Axelum Resources sees strong demand this year

Axelum Resources Corp. is optimistic about strong demand for coconut products in 2025, which is expected to drive growth. This outlook could enhance the company's profitability and support its dividend payments.

  • The global coconut products industry is expected to see robust demand and upward pricing.
  • Axelum has commissioned a new filling line to boost coconut water output by over 30%.
  • The company plans to expand its institutional business while tapping into the consumer segment.
Read more: bworldonline
SCC

Semirara Mining & Power hits record coal shipments in 2024

Semirara Mining and Power Corp. reported record coal shipments in 2024, driven by strong demand from both domestic and international markets. This performance could positively affect the company's financial health and its ability to sustain or increase dividends.

  • Coal shipments reached 16.5 million metric tons, a 4.4% increase from the previous year.
  • Exports to China surged by 46%, indicating strong international demand.
  • The company aims to enhance operational efficiencies to support future growth.
Read more: gmanetwork
AEV

AboitizPower subsidiary to take over wind project

Aboitiz Power Corp.'s subsidiary Aboitiz Renewables Inc. is set to take full control of Cornerstone Energy Development Inc. after a joint venture partner sold its shares, impacting future renewable energy projects. This move aligns with AboitizPower's strategy to enhance its renewable energy portfolio, which could influence its dividend potential.

  • Aboitiz Renewables will fully control a 58.5-MW wind project in Camarines Sur.
  • The termination of the joint venture agreement allows AboitizPower to streamline its renewable energy initiatives.
  • AboitizPower is also expanding its solar power projects, which may enhance its long-term profitability.
Read more: manilatimes
ABS

ABS-CBN Corporation to hold Special Stockholders’ Meeting on Feb. 11

ABS-CBN Corporation has announced a special stockholders' meeting scheduled for February 11, 2025. This meeting could provide insights into the company's future direction and potential dividend announcements.

  • The special stockholders' meeting is set for February 11.
  • The meeting may address future strategies and dividend policies.
  • Investors will be keen to hear updates on the company's performance.
Read more: bworldonline
FB

San Miguel tollway unit earns P7.3B in Jan-Sept

The tollway unit of San Miguel Corp. reported a 13% increase in net income for the first nine months of 2024, driven by higher vehicle traffic. This performance may support future dividend payouts for shareholders.

  • SMC Tollways Corp. posted a net income of P7.26 billion.
  • Revenue climbed 5% to P15.67 billion.
  • Increased vehicle traffic contributed to the income growth.
Read more: manilatimes
CLI

Cebu Landmasters enters co-working space market

Cebu Landmasters Inc. has launched its first co-working space, WorkNook, in Cebu City, targeting freelancers and small businesses. This move diversifies its portfolio and may enhance its revenue streams in a growing market.

  • WorkNook is Cebu Landmasters' first co-working space.
  • The space caters to freelancers, small businesses, and students.
  • This expansion reflects the company's strategy to diversify its offerings.
Read more: bworldonline
MER

Meralco lowers power rates for January

Residential customers of Manila Electric Co. (Meralco) will benefit from reduced electricity bills this month due to lower generation charges. This adjustment may enhance disposable income for consumers, potentially increasing spending in other sectors.

  • Meralco announced a reduction in electricity rates for January.
  • Lower generation charges contribute to the decrease in bills.
  • This reduction may positively impact consumer spending.
Read more: bworldonline
DNL

D&L Industries banks on easing inflation, higher biodiesel blend for 2025 growth

D&L Industries Inc. anticipates improved macroeconomic conditions and a higher biodiesel blend to enhance its business prospects in 2025. The company expects easing inflation to increase consumer spending power, positively impacting its sales.

  • D&L Industries expects easing inflation to boost consumer spending.
  • The biodiesel blend increase is projected to drive demand for its products.
  • The company reported a net income of P1.81 billion in the first nine months of 2024.
Read more: gmanetwork

Net FDI inflows hit eight-month high in October

The Philippines recorded a significant increase in net foreign direct investments (FDIs), reaching $1 billion in October, the highest in eight months. This growth is attributed to rising investor confidence and favorable economic conditions.

  • Net FDI inflows reached $1 billion in October, an eight-month high.
  • This marks a 50.2% increase from the previous year.
  • The rise in FDIs reflects growing investor confidence in the Philippine economy.
Read more: manilatimes
MWIDE

Megawide to fully acquire Clark International Airport venture

Megawide Construction Corp. plans to buy out its Indian partner, GMR Group, in the joint venture for Clark International Airport. This acquisition is expected to enhance Megawide's operational control and strategic direction in airport management.

  • Megawide is acquiring full ownership of the Clark International Airport venture.
  • The buyout will enhance operational control for Megawide.
  • This move aligns with Megawide's strategic growth plans.
Read more: gmanetwork
CLI

Cebu Landmasters launches WorkNook co-working space

Cebu Landmasters Inc. (CLI) has officially opened its first WorkNook co-working space in Cebu City, targeting freelancers and small businesses. This move marks CLI's diversification strategy into the growing co-working sector.

  • CLI has launched its first co-working space, WorkNook, in Cebu City.
  • The space aims to cater to freelancers and small businesses.
  • This initiative reflects CLI's strategy to diversify its portfolio.
MER

Meralco lowers electricity rates for January

Manila Electric Co. (Meralco) announces a reduction in electricity rates for January, primarily due to lower generation charges. This decrease is expected to provide some relief to residential customers amid ongoing economic challenges.

  • Meralco has reduced electricity rates for January.
  • The decrease is attributed to lower generation costs.
  • Residential customers will benefit from this rate adjustment.
DNL

D&L optimistic about earnings as inflation eases

D&L Industries Inc. expresses optimism for improved earnings in 2025, attributing this to easing inflation and anticipated recovery in consumer spending. The company's strategic focus on product improvement and market expansion is expected to bolster its financial performance.

  • D&L expects better earnings prospects due to easing inflation.
  • The company plans to ramp up production and expand its product offerings.
  • Consumer spending is anticipated to recover, boosting demand.
Read more: businessmirror

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