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PSE Composite Index
The PSE Composite Index, commonly known previously as the PHISIX and currently as the PSEi, is a stock market index of the Philippine Stock Exchange consisting of 30 companies. As the PSE's only broad-base index, it is frequently seen as an indicator of the general state of the Philippine business climate, although its reliability as an indicator of the state of the broader Philippine economy has been put into question. The stock exchange regularly revises the list, at least twice a year. The PSE Composite Index is always composed of 30 stocks. Requirements The stock exchange maintains the following requirements for a stock to be included in the PSEi: * Minimum free float level of 20%. ** This was increased from 12% before 2018. * A company must also meet the liquidity and capitalization criteria. Formula The exchange uses the following formula to calculate for the index: \mathsf Where: n = Total number of component companies (30) \mathsf = Closing price of company i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stock Market Index
In finance, a stock index, or stock market index, is an index that measures a stock market, or a subset of the stock market, that helps investors compare current stock price levels with past prices to calculate market performance. Two of the primary criteria of an index are that it is ''investable'' and ''transparent'': The methods of its construction are specified. Investors can invest in a stock market index by buying an index fund, which are structured as either a mutual fund or an exchange-traded fund, and "track" an index. The difference between an index fund's performance and the index, if any, is called '' tracking error''. For a list of major stock market indices, see List of stock market indices. Types of indices by weighting method Stock market indices could be segmented by their index weight methodology, or the rules on how stocks are allocated in the index, independent of its stock coverage. For example, the S&P 500 and the S&P 500 Equal Weight both covers the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monde Nissin
Monde Nissin Corporation is a Philippine food and beverage company with a portfolio of brands across instant noodles, biscuits, baked goods, culinary aids and alternative meat products categories, including Lucky Me!, SkyFlakes, Fita, M.Y. San Grahams and Nissin. Monde Nissin also sells its alternative meat products globally under Quorn Foods and the Quorn brand. Since 2000, Monde Nissin has been consistently included in the top 50 corporations in the Philippines based on gross revenues. On March 4, 2021, Monde Nissin filed for registration application with the Philippine Securities and Exchange Commission for an initial public offering of its common shares. History The company was founded by Hidayat Darmono, patriarch of the Kweefanus family, as Monde Denmark Nissin Biscuit Corporation and launched its first products Nissin Butter Coconut Biscuits and Nissin Wafers on May 23, 1979. The company launched Lucky Me! in November 1989. In 2015, Monde Nissin acquired Quorn for � ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Metrobank (Philippines)
The Metropolitan Bank and Trust Company (), commonly known as Metrobank, is the fourth largest bank in the Philippines. It offers various financial services, from regular banking to insurance. It is the commercial and retail banking arm of GT Capital Holdings Inc. History Metropolitan Bank and Trust Company (Metrobank) was established by a group of businessmen on September 5, 1962, at the Wellington Building in Binondo, Manila. In August 1963, the bank's first branch was established in Divisoria. Four years later, Metrobank opened its first provincial branch, the Davao branch. At the onset of the 1970s, Metrobank opened its first international branch in Taipei, Taiwan's capital city. In April 1997, the Central Bank authorized Metrobank to operate a foreign currency deposit unit (FCDU). In the same year, branches and offices totaled 100 and the bank inaugurated its new head office at Metrobank Plaza in Makati. On August 21, 1981, the Central Bank authorized Metrobank to operate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Metro Pacific Investments Corporation
Metro Pacific Investments Corporation (MPIC) is a Philippine-based unit investment holding company of First Pacific Company Limited through Metro Pacific Holdings, Inc. MPIC through its subsidiaries, provides water, sanitation, and sewerage services and also operates in real estate, and infrastructure projects. It also invests in some hospitals in the Philippines. In May 2016, GT Capital Holdings Inc. acquired 15.6 percent of MPIC, which will, in turn, buy control over GT Capital’s Global Business Power Corporation in a deal worth PHP 29.89 billion. GT Capital acquired 3.6 billion new common shares in MPIC at PHP 6.10 per share amounting to a stake of 11.4 percent on an expanded capital base for a total cash consideration of PHP 21.96 billion. It also acquired a further 1.3 billion common shares in MPIC from Metro Pacific Holdings, Inc. (MPHI), a Philippine affiliate of First Pacific Company, at the same price, for a total of PHP 7.93 billion in cash. These transactions resu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Meralco
The Manila Electric Company (), also known as Meralco (, ), is an electric power distribution company in the Philippines. It is Metro Manila's only electric power distributor and holds the power distribution franchise for 22 cities and 89 municipalities, including the whole of the National Capital Region and the exurbs that form Mega Manila. The name "Meralco" is an acronym for Manila Electric Railroad and Light Company, which was the company's official name until 1919. History La Electricista Organized in 1891 and beginning operations in late 2000, La Electricista was the first electric company to provide electricity to Manila towards the close of the Spanish era. La Electricista had built a central power plant on Calle San Sebastian (now Hidalgo Street ) in Quiapo, Manila. On January 17, 1895, its streetlights were turned on for the first time and by 1903, it had about 3,000 electric light customers. Founding of the Manila Electric Railroad and Light Company On October 20, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Megaworld Corporation
Megaworld Corporation () is a real-estate company in the Philippines. It is listed on the Philippine Stock Exchange Composite Index. The company develops large-scale, mixed-use, planned communities incorporating residential, commercial, educational, and leisure components. In addition it provides other services such as project design, construction oversight, and property management. Among its landmark projects is Forbes Town Center, a 6-hectare commercial and residential district in Fort Bonifacio, Taguig, Metro Manila. Another project by Megaworld is the 45-storey Petron Megaplaza office skyscraper, which was the tallest building in the country upon its completion in 1998. Also, last May 31, 2016, Megaworld announced that they will build two more office towers, 10-storey One Republic Plaza, and six-storey Emperador House, in Davao City. The two towers will provide an additional 30,000 sqm of office spaces for lease. History Megaworld Properties & Holdings Inc. was founded by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
LT Group
LT Group, Inc. () is a publicly listed holding company of Chinese Filipino business tycoon Lucio C. Tan in the Philippines. LT Group, Inc. is majority-owned by Tangent Holdings Corporation, its ultimate parent company (also controlled by Tan). History LT Group, Inc. (LTG) was incorporated on May 25, 1937, as The Manila Wine Merchants, Inc. (TMWMI). On November 17, 1947, TMWMI was listed in the Philippine Stock Exchange (PSE). On September 22, 1995, the Securities and Exchange Commission (SEC) approved the company's name change to Asian Pacific Equity Corporation (APEC) as well as the change of its role from a merchant to a holding company. On November 10, 1999, the corporate name was again changed to Tanduay Holdings, Inc (THI), and again on November 20, 2012, to its current name, LT Group, Inc. (LTG). Acquisitions On July 8, 1999, as Asian Pacific Equity Corporation, the company acquired 100% ownership of Twin Ace Holdings (Tanduay) in a stock swap. On July 30, 1999, Twin Ac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jollibee Foods Corporation
Jollibee Foods Corporation (abbreviated as JFC and Jollibee Group; also known as Jollibee after its primary fast food brand) is a Filipino multinational company based in Pasig, Philippines. JFC is the owner of the fast food brand Jollibee. With the success of its flagship brand, JFC acquired some of its competitors in the fast food business in the Philippines and abroad such as Chowking, Greenwich Pizza, Red Ribbon, and Mang Inasal. As of December 2021, JFC operates more than 5,900 stores worldwide, with system-wide retail sales totaling . Background In 1975, Tony Tan Caktiong and his family opened a Magnolia Ice Cream parlor in Cubao, Quezon City which is credited as the first Jollibee outlet. The Magnolia outlets operated by the Tan Caktiong clan began offering hotmeals and sandwiches upon request from the customers which the family found out to be more popular than the franchise's ice cream. In 1978, the family decided to cancel the Magnolia franchise and converted th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
JG Summit Holdings
JG Summit Holdings, Inc (JGSHI) is one of the largest conglomerates in the Philippines with business interests in air transportation, banking, food manufacturing, hotels, petrochemicals, power generation, publishing, real estate and property development, and telecommunications. Key subsidiaries include Universal Robina and Cebu Pacific. Incorporated on November 1990, JG Summit Holdings was founded by John Gokongwei Jr., one of the wealthiest individuals in Southeast Asia. In 2010, JGSHI was one of the ten most profitable companies on the Philippine Stock Exchange. Companies Manufacturing * JG Summit Petrochemical Corporation * JG Summit Olefins Corporation *Universal Robina Corporation - is one of the largest branded consumer food and beverage product companies in the Philippines. ** Griffin's Foods (New Zealand) ** Snack Brands Australia (Australia) Real estate * Robinsons Land Corporation (including Robinsons Malls) * United Industrial Corporation Ltd. (Singapore) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Container Terminal Services
International Container Terminal Services, Inc. (ICTSI) () is a global port management company headquartered in Manila, Philippines. Established on December 24, 1987, ICTSI is the Philippines' largest multinational and transnational company, having established operations in both developed and emerging market economies in Asia Pacific, the Americas, and Europe, the Middle East and Africa. The company is ranked the eighth largest container terminal operator, according to TEU equity volume. History ICTSI was established by Spanish- Filipino businessman Enrique K. Razon Jr., whose family has been managing harbors in the Philippines for three generations, in connection with the bidding for the privatization of the Manila International Container Terminal (MICT). In 2020, ''Forbes'' named Razon the third richest Filipino and the 565th individual in the world, with a personal wealth of $5.1 billion. In May 1988, the Philippine Ports Authority awarded the MICT contract to ICTSI, which sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GT Capital Holdings
GT Capital Holdings Inc. (GTCAP) is a holdings company owned by George Ty's family. Formation GT Capital Holdings Inc. was founded by George Ty. Established on June 26, 2007, it has business interests in auto dealership, banking, insurance, power and real estate. On April 20, 2012, it debuted in the Philippine Stock Exchange with an initial public offering (IPO) for 47.4 million shares with additional 6 million shares earmarked for over-allotment. Subsidiaries Financial * Metropolitan Bank and Trust Company The Metropolitan Bank and Trust Company (), commonly known as Metrobank, is the fourth largest bank in the Philippines. It offers various financial services, from regular banking to insurance. It is the commercial and retail banking arm of GT Ca ... (Metrobank) * Sumisho Motor Finance Corporation * Philippine AXA Life Insurance Corporation Manufacturing and automotive * Toyota Motor Philippines Corp. (51%) ** Toyota Manila Bay Corp. * GT Capital Auto Dealership Holding ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
