Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  PHILIPPINE STOCK EXCHANGE, INC.  >  Aboitiz Equity Ventures Inc    AEV   PHY0001Z1040

ABOITIZ EQUITY VENTURES INC

(AEV)
  Report  
SummaryNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector news

Aboitiz Equity Plans PHP58.4 Billion Capex for 2016

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/08/2016 | 08:35pm EDT
  By Cris Larano 
 

MANILA--Philippine conglomerate Aboitiz Equity Ventures Inc. (>> Aboitiz Equity Ventures Inc) said Tuesday it has budgeted 58.4 billion pesos ($1.22 billion) for capital expenditure this year, mostly for power expansion projects.

The company planned a capital spending of 60 billion pesos in 2015, also largely dedicated to power generation expansion.

Aboitiz Equity said 52 billion pesos will be spent on power generation and distribution projects this year, in line with the company's goal to double capacity to 4,000 megawatts by 2020. Aboitiz Power Co. (>> APC Group, Inc.), the group's power generation arm, inaugurated a 300-megawatt coal-fired power plant in January and is set to launch its first solar power project next.

Aboitiz Equity said its banking and financial services units will spend 968 million pesos this year while its food arm, Pilmico, allocated 2.3 billion pesos in capital expenditure to expand its reach in Southeast Asia and diversify its local operations.

The company said AboitizLand, its real estate arm, has set aside 2.7 billion pesos to acquire land for industrial and residential projects outside its home base of Cebu, a central Philippine island.

Write to Cris Larano at cris.larano@wsj.com; (62) 917-810-1320

Stocks mentioned in the article : Aboitiz Equity Ventures Inc, APC Group, Inc.
Stocks mentioned in the article
ChangeLast1st jan.
ABOITIZ EQUITY VENTURES INC End-of-day quote.
APC GROUP, INC. End-of-day quote.
FIRST SOLAR, INC. -0.55% 66.7 Delayed Quote.57.11%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ABOITIZ EQUITY VENTURES IN
09/06ABOITIZ EQUITY VENTURES : Wild finish looms as Alido steals show
AQ
09/04ABOITIZ EQUITY VENTURES : Alido, 8 others crowd Aboitiz leaderboard
AQ
09/03ABOITIZ EQUITY VENTURES : Aussie eyes back-to-back wins in Aboitiz Invitational
AQ
09/02ABOITIZ EQUITY VENTURES : Big-hitting Aussie targets Aboitiz Invitational repeat
AQ
08/31ABOITIZ EQUITY VENTURES : Invitational draws stellar cast
AQ
08/31ABOITIZ EQUITY VENTURES : Invit'l back at Wack Wack
AQ
06/21ABOITIZ EQUITY VENTURES : signs deal with Frontier Tower for common cell sites
AQ
06/21ABOITIZ EQUITY VENTURES : Frontier Tower sign deal for common cell sites
AQ
06/20ABOITIZ EQUITY VENTURES : AEV to raise P5 billion from bond float
AQ
06/07ABOITIZ EQUITY VENTURES : DENR, Aboitiz Group renew partnership for environment
AQ
More news
Financials (PHP)
Sales 2019 201 B
EBIT 2019 38 873 M
Net income 2019 21 802 M
Debt 2019 212 B
Yield 2019 2,40%
P/E ratio 2019 14,4x
P/E ratio 2020 12,5x
EV / Sales2019 2,61x
EV / Sales2020 2,47x
Capitalization 313 B
Chart ABOITIZ EQUITY VENTURES INC
Duration : Period :
Aboitiz Equity Ventures Inc Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 3
Average target price 53,10  PHP
Last Close Price 55,60  PHP
Spread / Highest target 12,9%
Spread / Average Target -4,50%
Spread / Lowest Target -14,6%
EPS Revisions
Managers
NameTitle
Erramon Isidro Aboitiz President, CEO & Executive Director
Enrique M. Aboitiz Chairman
Sabin M. Aboitiz Chief Operating Officer & Executive Vice President
Manuel Ramirez Lozano CFO, Senior VP & Corporate Information Officer
Justo A. Ortiz Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ABOITIZ EQUITY VENTURES INC6 020
NEXTERA ENERGY INC29.86%108 143
ENEL SPA31.15%73 557
DUKE ENERGY CORP10.39%69 414
DOMINION ENERGY INC.13.13%66 444
IBERDROLA32.12%64 894