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.  >  Manila Electric Company    MER   PHY5764J1483

MANILA ELECTRIC COMPANY (MER)
My previous session
Most popular
  Report  
SummaryNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweetsMarketScreener Strategies

Manila Electric : Meralco unit, Korea partner to bring new rail technology to the Philippines

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/29/2018 | 06:32pm CET

Meralco unit, Korea partner to bring new rail technology to the Philippines !-- -- (The Philippine Star) - October 30, 2018 - 12:00amMANILA, PhilippinesMRAIL Inc., a subsidiary of power distribution giant Manila Electric Co.

, is teaming up with Seoul Metro to bring the latest technology to the country's railway system. MRAIL said it was appointed by Seoul Metro to exclusively introduce the ballast to slab (B2S) track conversion solution to the Philippine railway system.

The B2S replaces ballast tracks with concrete slab tracks which, according to MRAIL, is proven to enhance safety and minimize rail defects. The system is also expected to increase the service cycle of rails which will lead to improved passenger experience.

Seoul Metro, the OandM of the Seoul Metro system, pioneered in 2012 a new system of converting its ballasted tracks to slab tracks without disrupting revenue operations on its existing lines. The system proved to be a game changer to the metro systems as it eliminated the periodic maintenance activities for the ballasted tracks as well as the systematic replacements of ballasts.

The innovation generated huge savings in operation for Seoul Metro and increased its train operations efficiency as train vibrations were significantly reduced. Today, MRAIL said Seoul Metro is migrating all its ballasted tracks to the slab track configuration.

MRAIL, whose main focus is to support the Philippine railway industry, seeks to be a leader in rail transport by providing safe, reliable, innovative and world-class services. Through a joint-venture, Meralco established in 2009 MIESCORRAIL, which was tasked to design, build, and improve various railway systems in the country.

MIESCORRAIL was changed to MRAIL in 2015.

© Pakistan Press International, source Asianet-Pakistan

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MANILA ELECTRIC COMPANY
11/14MANILA ELECTRIC : Solar projects lined up by Spectrum to double installed curren..
AQ
11/09MANILA ELECTRIC : Meralco rates up by P0.1135/kWh
AQ
11/09MANILA ELECTRIC : Meralco raises November rates due to expensive natural gas
AQ
11/07MANILA ELECTRIC : Meralco to increase electricity rates by P0.1135 per kWh in No..
AQ
11/03MANILA ELECTRIC : MGen seeks to hike RE output to over 1,000 MW
AQ
11/02MANILA ELECTRIC : Meralco needs to shell out P7M to replace facilities damaged b..
AQ
11/01MANILA ELECTRIC : Meralco may turn Atimonan coal plant into merchant facility
AQ
10/29MANILA ELECTRIC : Meralco poised to hit 'historic' full-year profit
AQ
10/29MANILA ELECTRIC : Meralco unit, Korea partner to bring new rail technology to th..
AQ
10/26MANILA ELECTRIC : Monetary Board seen to keep current BSP rates
AQ
More news
News from SeekingAlpha
07/30Manila Electric Co. (MERALCO) ADR 2018 Q2 - Results - Earnings Call Slides 
04/30Manila Electric Co. (MERALCO) ADR 2018 Q1 - Results - Earnings Call Slides 
02/27Manila Electric Co. (MERALCO) ADR 2017 Q4 - Results - Earnings Call Slides 
2017Manila Electric Co. (MERALCO) ADR 2017 Q3 - Results - Earnings Call Slides 
Financials (PHP)
Sales 2018 302 B
EBIT 2018 31 125 M
Net income 2018 21 565 M
Finance 2018 16 715 M
Yield 2018 4,19%
P/E ratio 2018 20,29
P/E ratio 2019 19,68
EV / Sales 2018 1,36x
EV / Sales 2019 1,31x
Capitalization 428 B
Chart MANILA ELECTRIC COMPANY
Duration : Period :
Manila Electric Company Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Average target price 348  PHP
Spread / Average Target -8,4%
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
Sector and Competitors
1st jan.Capitalization (M$)
MANILA ELECTRIC COMPANY8 130
DUKE ENERGY CORP2.41%61 407
IBERDROLA3.93%48 703
SOUTHERN COMPANY-1.43%48 543
DOMINION ENERGY-9.14%48 116
EXELON CORPORATION15.58%44 047