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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 rates up by P0.1135/kWh

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11/09/2018 | 01:41pm CET

THE Manila Electric Co. (Meralco) announced an increase of P0.1135 per kilowatt-hour in its rates this November because of higher charges from the Wholesale Electricity Spot Market (WESM).

This means an upward adjustment of P10.0901 per kWh this month from P9.9766 per kWh last month, the power distributor said in a statement on Wednesday.

Meralco said the higher WESM charges may be attributed to increases in demand and and in Malampaya gas prices for the period.

Typical households that consume 200 kWh will see an increase of P22.7 in their November bill. Those who consume 300 kWh, will be paying P34.05 more; for 400 kWh, P45.40; and 500 kWh, P56.75.

The increase in power rates came after Meralco lowered its overall rates by P0.25 per kWh in the last two months.

(c) 2018 ITP Business Publishing Ltd. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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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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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 13
Average target price 348  PHP
Spread / Average Target -7,7%
EPS Revisions
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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