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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 ranks among Philippines’ Top 20 PLCs under ASEAN Corporate Governance Scorecard

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10/15/2018 | 10:23am CET

October 15, 2018

Meralco Corporate Governance Office conducts governance onboarding program for the newly appointed Chief Audit Executive, Ms. Melanie T. Oteyza

As part of Meralco's commitment to uphold its culture of good governance and responsible management, the Corporate Governance Office (CGO) welcomed the newly appointed Chief Audit Executive, Ms. Melanie T. Oteyza to the Company with an orientation on the Company's governance practices last October 12, 2018 at the Corporate Audits Discussion Room, 7th Floor Lopez Building, Ortigas Ave., Pasig City.

Corporate Governance and Compliance Office (CGCO) AVP and Head, Atty. Jocelyn C. Villar-Altamira and CGO Manager, Atty. Lester F. Bernardo, Jr. gave an in-depth discussion on the Company's four pillars of governance, namely: Infrastructure, Information, Implementation, and Support to One Meralco, the Company's governance structure and best internal audit practices under the Integrated-Annual Corporate Governance Report.

In addition to this, CGO scheduled another meeting with Ms. Oteyza to brief her regarding the Company's compliance procedures. This will be presented by the Compliance Manager, Mr. Thom Ryan Q. Ortega. Moreover, on November 16, 2018, Ms. Oteyza will be joining her fellow key officers, as well as the board of directors, for the MVP Group's Annual Corporate Governance Enhancement Session.

Through this effort, CGCO aims to fulfill its commitment in providing continuous education to the Company's key officers to help them effectively carry out their roles in the organization.

Disclaimer

Meralco - Manila Electric Company published this content on 15 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 October 2018 08:22:01 UTC

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Financials (PHP)
Sales 2018 302 B
EBIT 2018 31 125 M
Net income 2018 21 565 M
Finance 2018 16 715 M
Yield 2018 4,22%
P/E ratio 2018 20,13
P/E ratio 2019 19,52
EV / Sales 2018 1,35x
EV / Sales 2019 1,30x
Capitalization 424 B
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Mean consensus HOLD
Number of Analysts 13
Average target price 348  PHP
Spread / Average Target -7,7%
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Managers
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 & General Counsel
Manuel M. Lopez Non-Executive Director
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