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MarketScreener Homepage  >  Equities  >  PHILIPPINE STOCK EXCHANGE, INC.  >  Manila Electric Company    MER   PHY5764J1483

MANILA ELECTRIC COMPANY

(MER)
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Manila Electric : MERALCO Holds Corporate Governance Summit for Vendors and Suppliers

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08/14/2019 | 10:12pm EDT

November 12, 2018

MERALCO Holds Corporate Governance Summit for Vendors and Suppliers

MERALCO's Corporate Governance and Compliance Office (CGCO), in partnership with the Strategic Sourcing and Vendor Management Office, led the 2018 Suppliers and Vendors Corporate Governance (CG) Summit last November 12, 2018 at the Meralco Orange Fit Center, Meralco Compound, Pasig City.

Atty. Jocelyn Villar-Altamira, AVP and Head of CGCO, provided an overview of MERALCO's current corporate governance structure, its CG policies and guidelines in place. She also discussed the role of all stakeholders in the implementation of the Company's CG policies, programs, and initiatives. Atty. Lester Bernardo, Jr., Deputy Data Protection Officer and Manager of the Corporate Governance Office, also discussed the Company's data governance framework in light of the Data Privacy Act and its implementing rules and regulations.

Attended by 258 representatives of MERALCO's Vendors, Suppliers, and Contractors, the CG Summit featured videos and interactive learning sessions to empower them to continuously apply the Company's core CG principles of Fairness, Accountability, Integrity, Transparency, and Honesty in all their transactions.

Disclaimer

Meralco - Manila Electric Company published this content on 15 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 August 2019 02:11:10 UTC

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Financials (PHP)
Sales 2019 323 B
EBIT 2019 28 517 M
Net income 2019 22 972 M
Finance 2019 12 998 M
Yield 2019 4,42%
P/E ratio 2019 17,7x
P/E ratio 2020 17,6x
EV / Sales2019 1,22x
EV / Sales2020 1,16x
Capitalization 408 B
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Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 14
Average target price 350,36  PHP
Last Close Price 362,00  PHP
Spread / Highest target 16,0%
Spread / Average Target -3,22%
Spread / Lowest Target -24,0%
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NameTitle
Oscar S. Reyes President, CEO & Executive Director
Manuel Velez Pangilinan Chairman
Betty C. Siy-Yap Chief Finance Officer & Senior Vice President
Ray Celis Espinosa Non-Executive Director & Deputy CEO
Manuel M. Lopez Non-Executive Director
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