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PSE Trading | MPI Metro Pacific Investment Corporation

edited April 2019 in Banking and Finance
Formerly Metro Pacific Investment Corporation (MPI) - Stock Trader's Lounge

Company Website : http://www.mpic.com.ph

Our Mission
We are the leading Philippine infrastructure investment firm. We manage, transform and grow our companies while continuously seeking investment opportunities to create long-term value for our shareholders.

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Our Vision
We have a stellar portfolio of infrastructure assets, each being the dominant player in its field. We are admired globally for excellence in investing in and transforming infrastructure. We attract, retain and develop world-class talent.

Through our companies and foundation, we significantly contribute to the economic development of the Philippines and thereby uplift the quality of life of every Filipino.

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Our Values

Teamwork and Empowerment
- We recognize the diverse strengths and abilities within the team. We enable and inspire people to achieve superior results.

Integrity and Empowerment
- We adhere to the highest ethical and corporate governance standards.

Entrepreneurship
- We innovate, take risks, act quickly and decisively, and are customer focused.

Financial Discipline and Accountability
- We employ rigorous financial analysis to arrive at sound business decisions. We are results-driven and meet our commitments.

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Establishing the vision, mission and values should be an ongoing process of review to ensure that they are still relevant for the current challenges and environment. The vision, mission and values statement of MPIC is crafted with the participation of employees. It has been subject to a regular review annually and at such frequency as may be determined by the Board of Directors.

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Comments

  • LA #0151: Metro Pacific Investments additional listing (PSE - 04/23/2013)

    The Exchange approved on May 27, 2009, the application of METRO PACIFIC INVESTMENTS CORPORATION (the "Company" or "MPI") to list additional 123,925,245 common shares, with a par value of P1.00 per share, to cover the Company?s 1st and 2nd Grants of its Executive Stock Option Plan ("ESOP" or the "Plan"). Further, the Exchange approved on November 10, 2010, the application of the Company to list additional 145,000,000 common shares to cover the 3rd Grant of the ESOP.

    The Exercise Price for the Company?s ESOP is determined by the Compensation Committee of the Company?s Board of Directors based on an amount not lower than the highest of (i) the closing price of the MPI shares for one or more board lots of such shares on the PSE on the Option Offer Date; (ii) the average closing price of the MPI shares for one or more board lots of such shares on the PSE for the five (5) business days on which dealings in the shares are made immediately preceding the Option Offer Date; and (iii) the par value of the MPI shares. This brings the total number of shares allocated under the Company?s Plan to 268,925,245 shares.

    In this connection, please be advised that a total of 650,000 common shares have been availed of and fully paid under the Company?s ESOP. In view thereof, the listing of additional 650,000 common shares availed of under the Company?s ESOP is set for Wednesday, April 24, 2013. This brings the number of common shares listed under the Company?s ESOP to a total of 128,230,000 common shares. The designated Stock Transfer Agent is hereby authorized to record and register in its books the above number of shares.
  • DCL #3401: Metro Pacific Investments change in shareholdings of director (PSE - 04/25/2013)

    In compliance with the Revised Disclosure Rules of the Exchange, we wish to advise that Mr. Victorico P. Vargas, Executive Director of Metro Pacific Investments Corporation (MPI) through the exercise of options, acquired a total of 3,500,000 shares of MPI on 25 April 2013, at the price of P3.50 per share (to the extent of Php 12,250,000). To date, Mr. Vargas has 4,000,000 common shares of MPIC.
  • Monthly Charts as of 26 April 2013
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  • Annual Meeting of Stockholders, which will be held on 24th day of May 2013 at 11:00 a.m. at the Ground Floor, Rigodon Ballroom, Manila Peninsula Hotel, Ayala Avenue corner Makati Avenue, Makati City

    Disclosure 1

    Disclosure 2
  • LA #0168: Metro Pacific Investments additional listing (PSE - 05/02/2013)

    The Exchange approved on May 27, 2009, the application of METRO PACIFIC INVESTMENTS CORPORATION (the "Company" or "MPI") to list additional 123,925,245 common shares, with a par value of P1.00 per share, to cover the Company?s 1st and 2nd Grants of its Executive Stock Option Plan ("ESOP" or the "Plan"). Further, the Exchange approved on November 10, 2010, the application of the Company to list additional 145,000,000 common shares to cover the 3rd Grant of the ESOP.

    The Exercise Price for the Company?s ESOP is determined by the Compensation Committee of the Company?s Board of Directors based on an amount not lower than the highest of (i) the closing price of the MPI shares for one or more board lots of such shares on the PSE on the Option Offer Date; (ii) the average closing price of the MPI shares for one or more board lots of such shares on the PSE for the five (5) business days on which dealings in the shares are made immediately preceding the Option Offer Date; and (iii) the par value of the MPI shares.

    This brings the total number of shares allocated under the Company?s Plan to 268,925,245 shares. In this connection, please be advised that a total of 10,750,000 common shares have been availed of and fully paid under the Company?s ESOP. In view thereof, the listing of additional 10,750,000 common shares availed of under the Company?s ESOP is set for Friday, May 3, 2013. This brings the number of common shares listed under the Company?s ESOP to a total of 141,130,000 common shares. The designated Stock Transfer Agent is hereby authorized to record and register in its books the above number of shares.
  • Monthly Charts as of 6 May 2013
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  • Metro Pacific Q1 net income jumps 13% to P1.8-B

    In a statement, Metro Pacific said its consolidated reported net income attributable to owners of the parent company stood at P1.8 billion in the January to March period, versus P1.6 billion a year ago.

    Its core net income grew 23% to P1.9 billion, mainly due to higher profit contributions from Manila Electric Company and Maynilad Water Services Inc. Metro Pacific Tollways Corp. also saw higher traffic growth, interest savings on the North Luzon Expressway and profit contributions from the recently acquired Cavitex.

    "All our businesses achieved strong growth in profitability for the first quarter. I am also encouraged by the significant uptick in April this year in power and water sales volumes,” Jose Ma. K. Lim, MPIC president and CEO, said in a statement.

    Meralco's core net income in the first quarter jumped 18% to P4 billion, due to increased average distribution tariff together and a 1% increase in energy sales.

    Maynilad said its core net income rose 18% to P2 billion, as it saw a 2% increase in the volume of water sold in its concession area in the January to March period.

    Tollway operator MPTC reported its core net income of P450 million was 19% higher than year ago figures, due to greater traffic and lower interest and operating costs on the NLEX.

    The hospital group posted 13% higher aggregate core net income to P219 million in the first quarter, on higher patient revenues, lower losses at its nursing schools, and tighter expense controls.

    In terms of contribution to the company's net operating income representing MPIC’s attributable interest in each investee business, Maynilad accounted for P1 billion (43% of the total), while Meralco contributed P779 million (33%). MPTC contributed P438 million (18%), while the hospital group contributed P141 million (6%).
  • DCL #3804: Clarification Of News Article: "Metro Pacific Q1 Gains..."

    We reply to your request for clarification on the news article entitled "Metro Pacific gains from water, power units" posted in the Malaya Business Insight (Internet Edition) on May 9, 2013, which reported in part that: The company is likewise talking with fellow listed Calapan Ventures, Inc., for possible acquisition, according to Victorico P. Vargas, Maynilad president. David Nicol, Metro Pacific chief finance officer, said capital expenditures for the year is expected to hit between P41 billion and P43 billion, from the old estimate of P36 billion, as a result of the inclusion of spendings for Meralco's Singapore venture.

    Metro Pacific's partnership with Ayala Corp. recently passed the government's first pre? qualification screening of interested bidders for the LRT1 South Extension project and the bid is currently being formulated. Please be informed that very preliminary discussions were held with respect to a possible acquisition of Calapan Ventures, Inc., but no material event requiring any disclosure has occurred to date. We also confirm the statement of our Mr. Nicol that we expect an increase in budgeted capital expenditure for this year as a result of Meralco's Singapore venture.

    Finally, we also confirm that the consortium consisting of Metro Pacific Investments Corporation and Ayala Corporation passed the government's pre? qualification screening for the LRT 1 South Extension Project, and that the consortium is preparing for bid submission for the project.
  • Monthly Charts as of 15 May 2013
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  • InterAksyon.com means BUSINESS

    MANILA - (UPDATED 4:56 p.m.) Metro Pacific Investments Corp (MPIC) is set to join the MSCI Philippines index, dislodging San Miguel Corp effective May 31.

    For the MSCI Global Small Cap Indices, included were D&L Industries, EEI Corp, Pepsi-Cola Products Philippines Inc, RFM Corp and San Miguel Pure Foods Co Inc.

    They replaced Megaworld Corp and Robinsons Land Corp as well as GT Capital Holdings Inc, Puregold Price Club Inc and Security Bank Corp.

    The changes were a result of the May 2013 Semi Annual Index Review for the MSCI Equity Indices, which are widely tracked global equity benchmarks. MSCI is a leading provider of investment decision support tools to around 7,500 clients worldwide ranging from large pension plans to boutique hedge funds.

    ....................

    http://www.interaksyon.com/business/61930/metro-pacific-dislodges-san-miguel-from-msci-phils-index


    Ducati, I appreciate your tireless contribution to this and other similar threads you started.

    Cheers.
  • Monthly Charts as of 17 May 2013
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  • bothwell wrote: »
    InterAksyon.com means BUSINESS

    MANILA - (UPDATED 4:56 p.m.) Metro Pacific Investments Corp (MPIC) is set to join the MSCI Philippines index, dislodging San Miguel Corp effective May 31.

    For the MSCI Global Small Cap Indices, included were D&L Industries, EEI Corp, Pepsi-Cola Products Philippines Inc, RFM Corp and San Miguel Pure Foods Co Inc.

    They replaced Megaworld Corp and Robinsons Land Corp as well as GT Capital Holdings Inc, Puregold Price Club Inc and Security Bank Corp.

    The changes were a result of the May 2013 Semi Annual Index Review for the MSCI Equity Indices, which are widely tracked global equity benchmarks. MSCI is a leading provider of investment decision support tools to around 7,500 clients worldwide ranging from large pension plans to boutique hedge funds.

    ....................

    http://www.interaksyon.com/business/61930/metro-pacific-dislodges-san-miguel-from-msci-phils-index


    Ducati, I appreciate your tireless contribution to this and other similar threads you started.

    Cheers.

    Boss bothwell, maraming salamat po sa pag-support niyo sa Stock Market threads.
  • _Esther_Liu__Esther_Liu_ PEx Veteran ⭐⭐
    Metro Pacific Investments buys De Los Santos Medical, its 7th hospital
    June 4, 2013 10:46am


    Metro Pacific Investments Corp. (MPIC) has completed the purchase of a 51 percent stake in De Los Santos Medical Center Inc. (DLSMC), making it the seventh hospital in the infrastructure conglomerate’s growing healthcare services portfolio.

    The deal also makes MPIC the largest private hospital group in the Philippines, with a total bed capacity of 1,944.

    The transaction paves the way for a P250 million redevelopment plan of the 39-year hospital along E. Rodriguez Sr. Blvd. in Quezon City. The works will cover the construction of more rooms for patients, upgrading of operating rooms and diagnostic centers, and the acquisition of new medical equipment.

    The expansion includes a Medical Arts Building to house the increasing number of accredited doctors.

    Founded in 1973 by the late Dr. Jose V. De Los Santos Sr.—considered the Father of Philippine Orthopedics—the hospital has 150 beds and owns Megaclinic, an ambulatory care center in SM Megamall.

    With Metro Pacific Investments now a majority owner, the medical center has appointed Raul C. Pagdanganan as president and chief executive officer. He used to hold several senior executive positions in the Pangilinan-led MPIC and PLDT Group of Companies.

    “It is our commitment to give our patients the best in health care—affordable, accessible and of high quality,” said Pagdanganan.

    MPIC first got involved in the hospital industry with an investment in Makati Medical Center, followed by subsequent investments in Davao Doctors Hospital,Cardinal Santos Medical Center, Riverside Medical Center, Our Lady of Lourdes Hospital, and most recently, the Asian Hospital and Medical Center. — VS, GMA News

    source: http://www.gmanetwork.com/news/story/311316/economy/companies/metro-pacific-investments-buys-de-los-santos-medical-its-7th-hospital
  • _Esther_Liu__Esther_Liu_ PEx Veteran ⭐⭐
    Maynilad's reduction of water rates brought about by savings from foreign loans
    June 22, 2013 11:30am

    The Metropolitan Waterworks and Sewerage System (MWSS) said a P4.79 reduction in the Maynilad water rate will be implemented on July 6 amid a looming and widely contested rate increase.

    The reduction is brought about by company savings from their foreign loans, according to a report from 24-Oras' Bernadette Reyes on Friday.

    “Halos isang milyon yung nasave ng Maynilad dahil doon sa maaga naming pagrefinance ng aming foreign loan,” Maynilad spokesperson Bim Mojica explained.

    According to the MWSS, Maynilad along with Manila Water are obliged to pass on to the consumer whatever savings or expenses they incur with their foreign transactions.

    “So itong P978 million na ito [na nasave namin] ang ipapasa namin sa aming mga customer beginning July 6 hanggang sa katapusan ng taong ito,” Mojica said.

    For households which consume at least 20 cubic meters of water per month, there will be an estimated P41.72 savings.

    On the other hand, those consuming over 30 cubic meters will enjoy an P85.32 discount.

    Commercial water consumers using over 300 cubic meters monthly will get a P 2,579.48 reduction in their water rate.

    The adjustment in the bill will be reflected from August to January of next year.

    On the other hand, a price increase is also impending for the month of July.

    The MWSS is already studying the petition of Maynilad and Manila Water to increase their rates based on the rate rebasing scheme.

    Rate increases every five years

    With the rate rebasing scheme, these water companies may ask for rate increases every five years depending on their projects and the quality of service they provide.

    Maynilad is asking for an P8.58 increase in their rate per cubic meter consumed while Manila Water asks for a lesser P5.83 increase.

    MWSS Deputy Administrator Vincent Pepito Yambao Jr. explained that there were really rate hikes every fire years but not without being the subject of scrutiny.

    “By experience talagang tumataas siya pero hindi sa level na hinihingi nila. Every five years tinitignan natin [kung] tama pa ba ang level ng taripa natin,” Yambao said asking “So may adjustment bang kailangan?”

    The public consultations for the said water hike was conducted last week with protesters forcing their way in the discussion area and demanding why their should be a hike.

    The MWSS' decision whether to approve or reject the hike will be released next month after carefully studying the petition of the water companies.

    “Ganun kasi dapat e. 'Yun ang assurance namin sa mga kababayan natin na binubusisi natin ito lahat,” Yambao said. - Andrei Medina, VVP, GMA News

    source: http://www.gmanetwork.com/news/story/314028/economy/companies/maynilad-s-reduction-of-water-rates-brought-about-by-savings-from-foreign-loans
  • _Esther_Liu__Esther_Liu_ PEx Veteran ⭐⭐
    MPIC buys 51% equity in Tarlac's largest hospital for P187-M
    June 24, 2013 2:20pm


    Metro Pacific Investments Corporation (MPIC) has acquired a 51-percent stake in Tarlac's largest private hospital, Central Luzon Doctors' Hospital (CLDH), for P187 million, the company said Monday.

    In a disclosure to the Philippine Stock Exchange, MPIC said it signed an investment agreement with CLDH for a P187-million cash infusion to obtain a 51-percent equity ownership in the hospital.

    CLDH is a 200-bed tertiary hospital founded in 1962 by 15 pioneering doctors led by the late spouses Dr. Constante D. Quirino Sr. and Mrs. Remedios P. Quirino, and their associate Dr. Benjamin S. Paz.

    The investment in CLDH will increase the MPIC Hospital Group's total bed capacity to 2,137 beds,

    MPIC said the funding will go towards the purchase of major medical equipment and the implementation of an infrastructure development plan highlighted by the construction of a new building to house new operating rooms, additional patient beds and doctors' clinic.

    "This is our first investment in a hospital in Luzon outside Metro Manila,”Augusto P. Palisoc, Jr., president and CEO of the MPIC Hospital Group, said in a statement.

    “Through our contributions by way of fresh capital, professional management assistance, and group synergies, we hope to further expand the capabilities of CLDH so that residents of Central Luzon in general, and Tarlac in particular, can continue to receive first-class health care right in their home province," he added.

    Once the transaction is complete—likely in the first quarter—CLDH will become MPIC's eighth hospital after the Makati Medical Center (2007), Davao Doctors Hospital (2008), Cardinal Santos Medical Center (2009), Riverside Medical Center (2010), Our Lady of Lourdes Hospital (2010), Asian Hospital (2011) and, just recently, De Los Santos Medical Center (June 2013). — Danessa Rivera/VS, GMA News

    source:http://www.gmanetwork.com/news/story/314247/economy/companies/mpic-buys-51-equity-in-tarlac-s-largest-hospital-for-p187-m
  • _Esther_Liu__Esther_Liu_ PEx Veteran ⭐⭐
    MPIC Hospital in talks with hospital owners to meet 3,000-bed goal by 2016
    By DANESSA O. RIVERA, GMA News
    June 25, 2013 8:30pm

    The healthcare group of Metro Pacific Investments Corp. (MPIC) is pursuing talks with different hospital owners nationwide to meet its near-term goal of 3,000 beds by 2016, its top official said.

    "We're talking to many, different hospitals all over the country with different levels of intent, urgency and this is all depending on when is the opportune time to invest," Augusto Palisoc, president and CEO of MPIC Hospital Group, told GMA News Online.

    "In Metro Manila, wala pa kami sa East and West parts, and North of Quezon City. Nationwide, we're looking at one in North Luzon, South Luzon, Iloilo and Cebu and Southern Mindanao," he said.

    Palisoc said the deals will depend on the willingness of stockholders to a joint venture; the time it will take to reassess the needs of the hospital; and the time it will take to discuss and negotiate.

    "It takes a while to structurize acquisitions. The 2,000 beds, it took us six years. On average, we acquire one a year. In 2010, we were able to do two. This year, we're looking at one or two more," Palisoc added.

    The group recently acquired De Los Santos Medical Center in Quezon City and signed an investment agreement with Central Luzon Doctors Hospital in Tarlac, Pampanga, bringing the total bed capacity to 2,137.

    MPIC also confirmed it is in discussions with a hospital in Zamboanga, but "no definitive agreement has been executed," the company said in a disclosure Tuesday.

    "We see healthcare as a stable necessity of people. With our ultimate goal to be the first largest network of hospitals, it's also good to improve healthcare services in the country," Palisoc said.

    "We are about 5 to 6 percent of the group, not as large as the other businesses. But as we increase our network of hospitals, we will increase our earnings contribution to make ourself meaningful in the group," he added.

    In the first quarter, MPIC said aggregate core net income of the hospital group rose 13 percent to P219 million as a result of higher patient revenues, lower losses in its nursing schools, and tighter expense controls. It contributed P141 million or 6 percent of MPIC's total earnings.

    The MPIC Hospital Group has five hospitals in Metro Manila and one each in Western Visayas and Southern Mindanao: Makati Medical Center in Makati City (2007), Davao Doctors Hospital (2008), Cardinal Santos Medical Center in San Juan City (2009), Riverside Medical Center in Bacolod City, Negros Occidental (2010), Our Lady of Lourdes Hospital in Sta. Mesa, Manila (2010), Asian Hospital in Alabang, Muntinlupa City (2011) and De Los Santos Medical Center in Quezon City (June 2013).

    MPIC is the listed infrastructure holding company of businessman Manuel V. Pangilinan with interests in water, power tollways, and hospitals. — Danessa O. Rivera/BM, GMA News

    source: http://www.gmanetwork.com/news/story/314483/economy/companies/mpic-hospital-in-talks-with-hospital-owners-to-meet-3-000-bed-goal-by-2016
  • _Esther_Liu__Esther_Liu_ PEx Veteran ⭐⭐
    MVP's Metro Pacific buys 10-M Meralco shares from San Miguel divestment
    July 19, 2013 4:37pm


    Manuel V. Pangilinan's Metro Pacific Investment Corp. bought 10 million shares from the partial divestment of San Miguel Corp. (SMC) in power utility Manila Electric Co. (Meralco).

    Metro Pacific vice president for communications Melody Del Rosario confirmed in a text message to reporters that MPIC took part in the partial divestment of diversified conglomerate San Miguel in the utility.

    On Friday, SMC raised nearly P17.4 billion after after it made a placement for 64,333,330 Meralco common shares at P270 per share.

    SMC directly owns 21.46 percent of Meralco, another 6.13 percent through SMC Global Power Holdings Corp., and 5.24 percent through San Miguel Pure Foods Company Inc. for a total of 32.83 percent, according to Meralco's 2012 annual report.

    The shares sale reduced SMC's interest in Meralco by 5.7 percent to 27.1 percent.

    Last month, Pangilinan said his group is looking at catching Meralco shares from San Miguel, but not to the point of making a tender offer.

    First Pacific Co. Ltd. through Beacon Electric Asset Holdings Inc. owns 48.3 percent of Manila Electric. Pangilinan chairs First Pacific.

    In a June 4 disclosure, SMC said it is looking at alternatives to the possible disposition of its 32.8 percent stake in Meralco. — Danessa Rivera/VS, GMA News

    http://www.gmanetwork.com/news/story/318279/economy/companies/mvp-s-metro-pacific-buys-10-m-meralco-shares-from-san-miguel-divestment
  • Hi Sirs! For MPI, hope you can clarify some things I have on my mind. I recently read from Citisec Online, that MPI was removed from COLing the Shots Model Portfolio due to heightened regulatory risk. Do you think this is the start of the decline of MPI ?

    What do you think will happen to MPI if in case MVP retires ?
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