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Historically low valuation

The Philippine stock market bloodbath over the past two years saw the PSEi plummet from 7,122.6 on the last trading day of 2021 to 6,566.4 on the last trading day of 2022 for a 7.8 percent annual retreat and slide even further in 2023 to close at 6,450.0 on the last trading day of the year. In terms of valuation, the PSEi’s 2023 year-end 12.9x price-to-earnings (P/E) ratio does not fare well when compared against its past performance in prior years......»»

Category: financeSource:  philstarRelated NewsMar 6th, 2024

Paris Olympics unveils art deco-style posters inspired by the city s flamboyant past

Paris Olympics unveils art deco-style posters inspired by the city s flamboyant past.....»»

Category: sportsSource:  abscbnRelated NewsMar 5th, 2024

Rudy Gobert, Michael Conley lead Timberwolves past Trail Blazers 119-114

Rudy Gobert, Michael Conley lead Timberwolves past Trail Blazers 119-114.....»»

Category: sportsSource:  abscbnRelated NewsMar 5th, 2024

Marcos tells Fil-Chinese community to reflect on past accomplishments

MANILA, Philippines —  President Ferdinand Marcos Jr. recognized the “heritage of the dragon” as the country marked the Chinese New Year on Saturday. In a message to the Filipino-Chinese community, Marcos encouraged reflection on the past year’s accomplishments and eagerness to embrace the opportunities that the coming year offers. “This occasion brims with infinite opportunities.....»»

Category: newsSource:  inquirerRelated NewsFeb 10th, 2024

Settle Cha-cha mode at LEDAC

Two veteran lawmakers who figured prominently in past attempts to amend the country’s 1987 Constitution took me down memory lane amid the latest revival of Charter change (Cha-cha) moves. Specifically, they are erstwhile Senate president Franklin Drilon and former Negros Occidental congressman Margarito Teves, who both tried to help amend the Constitution in the past but their efforts ended in vain......»»

Category: newsSource:  philstarRelated NewsJan 22nd, 2024

Jazz rally past Lakers 132-123, extending winning streak to 5

Jazz rally past Lakers 132-123, extending winning streak to 5.....»»

Category: newsSource:  sunstarRelated NewsJan 14th, 2024

Alsons profit drops in Q1

Alsons Consolidated Resources (ACR) of the Alcantara Group reported a dip in first quarter earnings as the forced outage of one of its plants dented the firm’s operations and revenues......»»

Category: financeSource:  philstarRelated News16 hr. 59 min. ago

Lower table revenues pull down Bloomberry earnings

The earnings of Enrique Razon’s Bloomberry Resorts Corp. declined by 11 percent to P2.6 billion in the first quarter amid lower VIP and mass table revenue......»»

Category: financeSource:  philstarRelated NewsMay 14th, 2024

Cosco posts 2-digit jump in Q1 earnings

Robust revenues fueled a double-digit increase in the earnings of Lucio Co’s listed retail holding firm Cosco Capital Inc. in the first quarter......»»

Category: financeSource:  philstarRelated NewsMay 12th, 2024

Figaro posts rise in quarterly earnings

Figaro Coffee Group Inc. (FCG) sustained its momentum in the third quarter of its current fiscal year, delivering a five percent rise in net income to P105 million on the back of higher revenues......»»

Category: financeSource:  philstarRelated NewsMay 10th, 2024

SM Prime builds up profit to P10.5 billion

Sy-led integrated property developer SM Prime Holdings Inc. booked higher profit in the first quarter on the back of robust revenues, particularly from its malls......»»

Category: financeSource:  philstarRelated NewsMay 6th, 2024

AllDay Supermarket earns 22% more in 2023

Strong revenues boosted earnings of Villar-led mid-premium supermarket chain AllDay Supermarket to rise by 22.4 percent to P369 million in 2023......»»

Category: financeSource:  philstarRelated NewsMay 1st, 2024

GOCCs’ dividend remittance bumped up to 75 percent of earnings

The Department of Finance has increased the dividends to be collected from state-run firms to up to 75 percent of their earnings as the government looks for more revenues for the country’s development needs......»»

Category: financeSource:  philstarRelated NewsApr 30th, 2024

Philex net income drops on lower metal output

The earnings of Philex Mining Corp. plunged by 70 percent to more than P110 million in the first quarter as revenues fell due to lower metal output......»»

Category: financeSource:  philstarRelated NewsApr 26th, 2024

Budget gap widens to P273 billion in 3 months

The country’s budget shortfall slightly increased in the first quarter as the government continued to spend more than what it generated from revenues......»»

Category: financeSource:  philstarRelated NewsApr 25th, 2024

GSIS income rises to P37 billion in January-March

The Government Service Insurance System saw its net income jump by 20 percent to hit P37 billion during the first quarter on the back of strong revenues from financial assets and investments......»»

Category: financeSource:  philstarRelated NewsApr 25th, 2024

DOF completes team of senior officials

Three months since his appointment, Finance Secretary Ralph Recto has finally assembled a complete team that would help him consolidate the country’s finances and generate much needed revenues for state coffers......»»

Category: financeSource:  philstarRelated NewsApr 25th, 2024

Megawide returns to profit in 2023

Megawide Construction Corp. swung to profitability in 2023 on the back of strong revenues from its construction business......»»

Category: financeSource:  philstarRelated NewsApr 22nd, 2024

RHI widens net loss to P360 million

The attributable net loss of sugar and ethanol producer Roxas Holdings Inc. (RHI) in the first quarter of its current fiscal year widened to nearly P360 million as revenues plummeted due to stoppage of its sugar and bioethanol businesses......»»

Category: financeSource:  philstarRelated NewsApr 20th, 2024

Fruitas earnings soar in 2023

Listed food and beverage retail operator Fruitas Holdings Inc. saw its earnings soar in 2023 on the back of all-time high annual revenues......»»

Category: financeSource:  philstarRelated NewsApr 16th, 2024