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

ABOITIZ EQUITY VENTURES INC

(AEV)
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Aboitiz Equity Ventures : Republic Cement Rallies for Five Million Safe Man-Hours in its Expansion Sites

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05/03/2019 | 09:48am EDT

To reinforce safety in itsconstruction sites, RepublicCementgathered over 1,000 construction project workers at RepublicCement's Norzagaray Plant Dome for its'Go for 5M!' Safety Rally.

RepublicCementcontractors Aboitiz Construction, AECOM, BetonBau Phil., DAL Elektrik Otomasyon, and CME Technology Phil. were among RepublicCement's contractors represented during the event that aims to motivate Republicteam members and project contractors to 'go for 5 millionsafeman-hours.'

'The construction site is a dangerous place, especially if we don't have a strong safety culture. We're very proud of this accomplishment, and we are glad to have our employees and contractors on board in our commitment to safety,' said RepublicCementServices, Inc. President Nabil Francis.

2013 data from the International Labor Organization shows that the Philippines lost as much as 66,000 operational days due to cases of occupational injury, which resulted in temporary work incapacity.

'Together, we can build a safeenvironment, where people can go home to their families at the end of the day. Together, we can build a stronger Republic!' Francis added.

Aside from itsown construction sites, RepublicCementalso rallied stakeholders in the construction industry to work together towards building a safety culture in the sector, through the establishment of the 'RepublicContractors Safety Guild' in 2018.

Philippine Basketball Association Legends Alvin Patrimonio and Jerry Codiñera who were guests at the event shared how the principles they learned in basketball apply to construction.

'With any athlete, if there is no discipline, you cannot go far,' said Codiñera, highlighting the importance of having good communication skills to avoid accidents. Patrimonio underscored staying healthy is also important in order to perform well at work.

Disclaimer

Aboitiz Equity Ventures Inc. published this content on 03 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 03 May 2019 13:47:07 UTC

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Financials (PHP)
Sales 2019 186 B
EBIT 2019 37 751 M
Net income 2019 21 127 M
Debt 2019 205 B
Yield 2019 2,53%
P/E ratio 2019 15,9x
P/E ratio 2020 13,4x
EV / Sales2019 2,77x
EV / Sales2020 2,58x
Capitalization 309 B
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Consensus
Sell
Buy
Mean consensus OUTPERFORM
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Average target price 52,10  PHP
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Spread / Highest target 14,5%
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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
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