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Manila Water Company, Inc.
#1
BUSINESS PROFILE

Manila Water Company, Inc. (MWC) was incorporated on January 6, 1997 to provide water delivery and sewerage and sanitation services to a broad range of residential, commercial and industrial customers. Under the terms of the Concession Agreement entered into on February 21, 1997 with the Metropolitan Waterworks and Sewerage System (MWSS), MWC was granted exclusive rights to service the East Zone as an agent and contractor of MWSS. Under the agreement, MWSS granted MWC the use of MWSS' land and operational fixed assets. The agreement also granted MWC the exclusive right, as agent of MWSS, to produce and treat raw water, distribute and market water, and collect, transport, treat, dispose and eventually re-utilize wastewater, including reusable industrial effluent discharged by the sewerage system for the East Zone.

On October 22, 2009, MWC was granted the renewal of the Concession Agreement for another 15 years from the original 2008 to 2022. With the renewal, the Company is entitled to recover the operating and capital expenditures, business taxes, concession fee payments and other eligible costs, and to earn a reasonable rate of return on these expenditures for the remaining term of the concession or until 2037.

The East Zone encompasses parts of Manila, San Juan, Taguig, Pateros, Antipolo, Taytay, Jala-Jala, Baras, Angono, San Mateo, Rodriquez, Marikina, Pasig, Mandaluyong, Makati and most of Quezon City. MWC also provides sanitation services (including desludging of septic tanks) to its customers in the East Zone. MWC has also acquired two new concessions in Laguna and Boracay through new joint venture companies. In July 2008, the Company won a contract for leakage reduction in Vietnam.

MWC's principal shareholders include the Ayala Corporation, United Utilities Pacific Holdings BV, Mitsubishi Corporation, and the International Finance Corporation.

Source: SEC Form 17-A (2009)


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#2
Posted on August 31, 2011 10:41:19 PM
Manila Water exits tie-up in India, hands over shares


LISTED EAST zone concessionaire Manila Water Co., Inc. has decided to remove itself from a joint venture in India, yesterday announcing the sale of its shares to the remaining partner.

http://www.bworldonline.com/content.php?...s&id=37522
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
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#3
Posted on September 02, 2011 06:15:49 PM
Manila Water hastens debt payment


MANILA WATER Co., Inc. has opted to pay back investors behind its P4-billion bond issue ahead of the 2013 due date, the east zone concessionaire told the local bourse on Friday.

http://www.bworldonline.com/content.php?...t&id=37647
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
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#4
MWC to redeem P4B in bonds
Ayala-led Manila Water Co. Inc. said it was redeeming a total of P4 billion in fixed rate bonds ahead of maturity.
In a disclosure posted on the Philippine Stock Exchange website, Manila Water said the bonds, dated Oct. 9, 2008, were falling due in 2013.
The water services company said it would buy back the bonds from bondholders of record as of Oct. 19, 2011. The company will redeem the bonds in cash at 102 percent of the principal amount plus accrued interest.
“As the optional redemption date falls on a non-business day, payment to each bondholder will be made available on the next business day, Oct. 24, 2011,” Manila Water said.
The bonds will be delisted from the Philippine Dealing and Exchange Corp. (PDEx) on the record date. Riza T. Olchondra

http://business.inquirer.net/17435/roundup
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
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#5
Manila Water expands water services in East Zone
Philippine Daily Inquirer
3:20 am | Friday, September 9th, 2011

http://business.inquirer.net/17709/manil...-east-zone
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
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#6
October 10, 2011 | Manila, Philippines
Stock Pick

Manila Water Co., Inc. (MWC)

Recommendation: Buy

ANGPING & Associates Securities, Inc. has advised investors to buy shares in water utility Manila Water Co., Inc., citing plans to expand operations beyond the east zone of Metro Manila.

“It’s a ‘buy’ tag as the company has a water supply monopoly in the east zone, which includes Makati, Pasig, Mandaluyong, Marikina, San Juan and [parts of] Quezon City. It is also expanding outside the east zone,” said analyst Paolo C. Alonzo.

The east zone also covers Taguig, Pateros, some parts of Manila, and municipalities in Rizal province.

It is anticipated that Ayala-owned Manila Water will provide services to the real estate properties of Ayala Land, Inc., Mr. Alonzo added.

Manila Water shares closed at P19.12 apiece last Friday, up by P0.12 from the previous day’s P19 per share. The analyst said a good entry point would be at P18.80 apiece, the stock’s initial support. He pegged its resistance at P19.90 and 2011 price-to-earnings ratio at 7.8 times. — Trishia P. Octaviano

http://www.bworldonline.com/Research/sto...p?id=0841a
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
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#7
19M Buy @ 19.46 who are you?
"A man should look for what is, and not for what he thinks should be." - Albert Einstein
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#8
Posted on November 08, 2011 10:30:13 PM

Manila Water finalizes deal to acquire utility in Clark


MANILA WATER Co., Inc. has acquired a utility serving the Clark Freeport, it said yesterday as it posted a 5% increase in its year-to-date profits which were partly buoyed by new businesses.

http://www.bworldonline.com/content.php?...k&id=41297

the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
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#9
Posted on November 21, 2011 10:25:17 PM

MWSS chief says water rates could go up in January


WATER RATES in Metro Manila are expected to increase in January as foreign currency adjustments that were deferred in the past two quarters will be recovered next year.

http://www.bworldonline.com/content.php?...y&id=42002
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
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#10
Mla Water completes acquisition
By Zinnia B. Dela Peña (The Philippine Star) Updated November 30, 2011 12:00 AM Comments (0)

MANILA, Philippines - Ayala-led utility firm Manila Water Corp. has completed the acquisition of Clark Water Corp., the water concessionaire of the Clark Freeport Economic Zone in Pampanga.

http://www.philstar.com/Article.aspx?pub...eId=753310
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
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