Very well said boss Camel. Not to mention the peace of mind that comes with it.
Pardon me for being off topic, I wonder when we will get to a hundred pages? If we ever get to one page a day, something very good or really bad imust be happening to this "boring" favorite of mine.
All my best to you and Mr. Banker.
 |
AEV
Re: AEV
Here is good news that can also help bring us to 100th page, friend Legacy...
AEV profit up 27% to P5.9B By Zinnia B. Dela Peña (The Philippine Star) Updated May 05, 2012 12:00 AM Manila, Philippines - Aboitiz Equity Ventures Inc. (AEV), the investment holding company of the Cebu-based Aboitiz clan, jacked up its net income by 27 percent in the first quarter of the year, bolstered by a one time gain from the revaluation of dollar-denominated loans and the strong performance of its power and banking businesses. In a disclosure to the Philippine Stock Exchange yesterday, AEV said consolidated net earnings grew to P5.9 billion, translating to earnings per share of P1.06. The company’s net profit was also boosted by an P11-million gain booked by subsidiary Aboitiz Power from its associates’ share redemption. Excluding the one-off gains, AEV’s core net income amounted to P5.5 billion, 28 percent higher than the previous level. The power business continued to account for the lion’s share of AEV’s net profit at 73 percent, followed by banking and food,which contributed 23 percent and four percent, respectively. Aboitiz Power reported a net income of P4.3 billion during the quarter under review, 10 percent more than the P3.9 billion recorded a year earlier. The power generation business contributed P3.9 billion, up four percent due to higher selling prices and net generation. The power distribution business contributed P563 million, 62 percent higher than the year earlier level of P347 million. Growth was spurred mainly by an eight-percent increase in attributable power consumption of the industrial customer segment, while the residential and commercial sectors posted healthy growth rates of six percent and four percent, respectively. “Our strategy for sustaining our growth trajectory is to build additional capacity through greenfield projects to supply future growth of the economy. We will also continue the rehabilitation of our existing facilities to maximize capacity and improve reliability,” said Aboitiz Power president and chief executive officer Erramon Aboitiz. The banking business pumped in P1.3 billion or more than double the P422 million contribution a year ago. Net earnings of Union Bank of the Philippines jumped 285 percent on hefty trading gains and higher premium revenues. “Anticipating continued market volatility this year, Union Bank will continue to exploit trading opportunities to augment the earnings from our lending business as we did in the first quarter,” Aboitiz said.
Re: AEV
AEV allots P170B for new generation projs
By Ted P. Torres (The Philippine Star) Updated May 25, 2012 12:00 AM MANILA, Philippines - Aboitiz Equity Ventures (AEV) plans to invest P170 billion on new generation projects over the next five years, even as it expressed interest in joining the public private partnership (PPP) program, specifically in airports and water. In a press briefing yesterday, AEV chairman Jon Ramon Aboitiz said they are considering to expand into other areas outside of its core businesses of power and banking. “We are keeping our eyes open to PPP projects like airports and distribution or bulk water supplying,” Aboitiz said. He explained that they see a lot of opportunities in the privatization efforts of the Aquino administration, along with the government’s aggressive move in promoting tourism. Aboitiz said the group is prepared to bid in those sectors either on their own, or through a joint venture. He said they are interested in any airport that is up for bidding, either new or for rehabilitation. “And we are also interested in water distribution or bulk anywhere in the country.” Aboitiz added that AEV is also looking at the coal industry. “We are already heavy into coal (with its energy business), so that it may be of interest, but not the mining of coal or any other mining venture.” Meanwhile, the AEV official chairman said the group would be investing P170 billion for new generation projects in the next five years through subsidiary Aboitiz Power Corp., one of the leading power generation and distribution companies in the country. In Mindanao alone, the Aboitiz Group is prepared to infuse P35 billion in various energy-related activities. “In Mindanao, we will be putting onstream 354 megawatts (MW) capacity or 300 MW of coal-powered plant, and a 54-MW hydropower plant,” Aboitiz said. In the first three months of 2012, AEV reported a consolidated net income of P5.9 billion, a 27-percent increase year-on-year. Aboitiz Power accounts for over 70 percent of profits, followed by a little over 20 percent from its banking arm (Union Bank of the Philippines) and the remaining four to five percent by Pilmico Foods Corp., its food business.
Re: AEV
Yap...am also like playing majjong with AEV daily...always "waiting" to catch it at my "paningit-last card" price of 48.50 daily.
Re: AEV
Because of my such "barat bid", looks like I will be missing out on AEV's current trip.
Re: AEV
Aboitiz Equity inks deal with Gazasia for waste-to-fuel plant
ABS-CBNnews.com Posted at 06/06/2012 10:46 AM | Updated as of 06/06/2012 10:46 AM MANILA, Philippines - Aboitiz Equity Ventures, Inc. (AEV) signed an agreement with British company Gazasia Ltd. to develop and operate plants that will convert organic waste into fuel for vehicles. Officials from AEV and Gazasia signed the agreement in London, in the presence of President Benigno Aquino. In a disclosure to the stock exchange, AEV said the memorandum of agreement formalizes the two companies' intention to jointly develop, construct and operate plants that will convert organic waste material into a carbon-neutral, sustainable and renewable fuel for vehicles in the form of liquid biomethane. Under the agreement, Gazasia, a company that specializes in providing waste-to-fuel solutions, will provide the technical expertise, specialized equipment and project management. AEV will provide the core funding for the project and access to regional markets in the Philippines. AEV did not disclose the investment amount, but an earlier news report indicated the company will invest $150 million to build the plants. 
Return to Trader's Lounge Bluechips & Big Caps Section Who is onlineUsers browsing this forum: agentshiny, Google Adsense [Bot], MSN [Bot], oderfla, ShoulderDoc and 98 guests |
