San Miguel Corporation
Clarification of news article: "San Miguel Energy plans listing this year"

We confirm that the San Miguel Energy Corporation (“SMEnergy”) contemplates
to list its shares in the Philippine Stock Exchange and conduct an initial public offering within the year. As previously disclosed to the Exchange, preparations are being made to implement such listing and offering, inclusive of the engagement of the underwriter(s) for the said transaction. We shall apprise the Exchange of any further developments relating to this particular subject.
Nakahinga ng maga-an ang mga ipitz.
The World is a Vampire . . .
ahmmm... magco-correct paba kaya to mga bosing bagodumerecho sa 150 levels?..
~In all your ways, acknowledge God.

Initializing Bazura Mode...
Hi Luc23,

May likelihood na magcocorrect na ito soon.. ang nipis na kasi ng white candlestick nito at RSI and stochastics ko indicate that it's in the overbought levels.
Twitter: @TraderTactics
San Miguel picks bookrunners for energy unit’s IPO

DIVERSIFIED CONGLOMERATE San Miguel Corp. has tapped five bookrunners for the planned initial public offering of energy subsidiary SMC Global Power Holdings Corp., a disclosure filed with the local bourse on Friday showed.
"The company has invited Goldman Sachs Group, Inc., UBS A.G., Standard Chartered Bank, ATR Kim Eng and SB Capital to participate and assist in the contemplated listing…which the company intends to undertake this year," San Miguel said in the disclosure.

San Miguel confirmed on Thursday BusinessWorld reports that its subsidiary San Miguel Energy would list on the local bourse this year, but named SMC Global Power instead the next day.

SMC Global Power owns 60% of San Miguel Energy, while parent firm San Miguel Corp. holds the remaining 40% stake.

San Miguel Energy is the independent power producer administrator of the 1,200-megawatt (MW) Sual coal-fired plant in Pangasinan and the 620-MW Limay combined-cycle power plant in Bataan.

San Miguel Energy also wholly owns Daguma Agro Minerals, Inc., a coal miner operating in a 2,000-hectare site and Bonanza Energy Resources, Inc. that has an 8,000-hectare coal mine, both in South Cotabato.

San Miguel common shares closed at P130 apiece on Friday, up 1.9608 from the previous day. -- F.J.G. de la Fuente

Master Jockey afoot in cahoots with the underwriters.
The World is a Vampire . . .
SMC set to expand interests in energy sector

Conglomerate San Miguel Corp. has expressed interest in broadening its energy portfolio to include investments in the upstream oil exploration and natural gas industries.
“We are now studying and evaluating the available opportunities in the oil and natural gas sectors,” said San Miguel president Ramon S. Ang on the sidelines of Petron’s recent stockholders’ meeting.
Ang said that the company was intent on participating in the Philippine Energy Contracting Round 4, under which contracts to explore and develop 15 oil and gas areas with good prospects will be auctioned by the Department of Energy.
San Miguel, Ang said, was also interested in joining the bidding for the $1.3-billion, 100-kilometer Batangas-Manila natural gas pipeline, a crucial infrastructure intended to further develop the Philippines’ natural gas industry.
According to Ang, San Miguel’s possible ventures into the upstream oil and natural gas sectors would be done through its subsidiary, San Miguel Energy Corp. (SMEC).
San Miguel’s plans to seriously consider natural gas projects were earlier bared by Kenji Uenishi, president of GE Energy for Asia Pacific.
Uenishi told the Inquirer that he had met with some of the biggest power generation companies, including San Miguel.
GE currently supplies the technology and equipment for such sectors as oil and gas, power generation, renewable energy, heavy duty gas and steam turbines and industrial solutions.
San Miguel’s interest in the upstream oil and natural gas sectors may be due to the fact that the company wants to build a considerable power generation portfolio, consisting mostly of facilities fueled by both coal and liquefied natural gas (LNG).
As early as last year, Ang told the Inquirer that San Miguel had started preparations for a $6-billion capital rollout for coal and LNG facilities that can produce a total of 3,000 megawatts.
The company, Ang had disclosed, was likewise looking at prospective oil and natural gas fields with huge proven reserves.
While he declined to identify which areas San Miguel was eyeing, Ang stressed that he wanted to go for those that contain huge reserves abroad.
The Philippine government has been trying to boost the local natural gas industry as part of its efforts to develop cleaner sources of energy.
hope this propels smc to at least 150
SMC says profit growth up by ‘double digits’

SAN MIGUEL Corp.’s (SMC) profits in the first semester are estimated to have grown by double digits due to strong performance across all its business units, a ranking official said late on Tuesday.

“First-half profits of San Miguel will be above last year [representing] a double-digit growth,” San Miguel President and Chief Operating Officer Ramon S. Ang told reporters in a chance interview.

Growth among the diversified conglomerate’s business units were “all strong,” Mr. Ang explained.

This will mean a figure higher than the P6.28 billion recorded for January to June 2010, a period which saw profits fall sharply by 89% from P55.6 billion in the year previous following the sale of a minority stake in its beer arm.

Consolidated revenues from January to March grew by 183% to P126.6 billion.

San Miguel has so far hiked its net income by 146% to P7.14 billion in the first quarter, on the back of hefty revenues from its businesses.

Official figures for the first half are expected to be out by the second week of August.

Mr. Ang said subsidiary Petron Corp. also posted strong numbers for the first half and is one of the strong contributors to the company.

“The second quarter is okay. The whole first half is above last year and will also grow by double digits,” he said.

In the first quarter, Petron profits grew 78.9% to P3.4 billion from P1.9 billion in the same period last year.

Petron’s income was not reflected in San Miguel’s profit portfolio last year since it only gained its majority shareholder status in December after it bought the remaining 40% of the company.

From January to June 2010, Petron posted a consolidated net income of P2.96 billion which represents a 64% increase from P1.8 billion.

The increase was attributed to “higher domestic sales and better margins from petrochemical feedstocks coupled with the reduction in interest expense.”

Mr. Ang went on to reiterate San Miguel’s interest in coal industries abroad.

“We really want to have investments particularly in Indonesia and Australia. These countries are rich in coal and natural resources,” said Mr. Ang.

The conglomerate had earlier expressed interest in acquiring Indonesian coal firms PT Adaro Energy Tbk and PT Bumi Resources, according to earlier reports.

He would not however disclose if planned investments in these countries will be in partnership with another company.

San Miguel is currently the biggest trader of power. It controls the independent power producer administrator (IPPA) contracts for the 1,200-megawatt (MW) Sual coal-fired power plant and the 345-MW San Roque hydroelectric power plant both in Pangasinan, the 620-MW Limay coal-fired power plant in Bataan and the 1,200-MW Ilijan natural gas-fired power plant in Batangas.

Mr. Ang said the company will also participate in the upcoming bidding for the IPPA contract for the Naga power plant complex in Cebu in October.

Shares in San Miguel Corp. closed at P128, up 0.078% from its previous close of P127.90 apiece.

Shares in Petron closed at P16 each, up 0.25% from its previous close of P15.96.

Hnidi pa rin po nabanggit kung kailan IPO nang SMGP... maganda ito...

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