Successes and Failures are Parts of Trading. They are Not Permanent.

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Aboitiz Equity Ventures, Inc.
#1
BUSINESS PROFILE

The registrant, Aboitiz Equity Ventures, Inc. (AEV), is the public holding and management company of the Aboitiz Group, one of the largest conglomerates in the Philippines. Incorporated on September 11, 1989, the company was originally known as Cebu Pan Asian Holdings, Inc. Its name was changed to Aboitiz Equity Ventures, Inc. on December 29, 1993, and its ownership was opened to the general public through an Initial Public Offering (IPO) of its stocks in 1994.

Until December 28, 2010, AEV’s core businesses, conducted through its various subsidiaries and affiliates, can be grouped into five main categories as follows: (a) power distribution and generation, (b) financial services, © food manufacturing, (d) transport, and (e) portfolio investments (parent company/others).

On December 1, 2010, AEV together with its major shareholder Aboitiz & Company, Inc. (ACO) entered into a Securities Purchase Agreement with Negros Navigation Company, Inc. (NENACO) for the purchase by NENACO of the entire equity stake of AEV and ACO in AEV’s transport subsidiary Aboitiz Transport System (ATSC) Corporation (ATS). The sale included all the logistics and shipping businesses of ATS except the ship management, manning and crew management, and bulk transport businesses of ATS’s joint venture companies with the Jebsen Group of Norway.

The sale of ATS to NENACO was consummated on December 28, 2010 following the completion of the closing conditions provided under the Securities Purchase Agreement.

Based on the Securities and Exchange Commission (SEC) parameters of what constitutes a significant subsidiary under Item XX of Annex “B” (SRC Rule 12), the following are AEV’s significant subsidiaries at present: Aboitiz Power Corporation and subsidiaries, and Pilmico Foods Corporation and subsidiary.


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#2
pan delete post? Big Grin
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God is great... all the time
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#3
^^ delete ko post mo master?
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#4
Aboitiz Equity H1 income falls 9% to P10.2-B

abs-cbnNEWS.com
Posted at 07/29/2011 12:29 PM | Updated as of 07/29/2011 6:25 PM


MANILA, Philippines - Aboitiz Equity Ventures Inc. (AEV), the investment holding firm of the Aboitiz family, reported a 9% drop in its first-half net income to P10.2 billion on lower earnings contribution from its power business.

AEV said unit Aboitiz Power Corp., which accounted for most or nearly 80% of its bottom line, experienced "lower average selling price and net generation" during the period.

Aboitiz Power contributed P8.1 billion income in the first semester, lower compared to last year's P9.7 billion.

AEV also said its earnings fell despite one-time gains from the revaluation of its dollar debts and reimbursements given by the National Power Corp. relating to Aboitiz Power's fuel importation.

Meanwhile, AEV said its banking and food manufacturing subsidiaries accounted for 14% and 6%, respectively, of the consolidated net income.

Union Bank of the Philippines ended the first six months with earnings contribution of P1.2 billion, up 36% from a year ago. On the other hand, thrift bank City Savings Bank turned in P211 million profits, a year-on-year increase of 246%.

Income contribution from AEV's food unit, Pilmico Foods Corp., registered a 25% decline to P650 million, due to high input costs.
If it doesn't feel right, don't do it!
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#5
Ngayon ko lng pansin AB na nagpost ka dito....blue chips ka na? haha
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#6
bought back ulit ako sayo....ayan para hindi lahat basura hawak ko hehehe....
Planning without action is futile, action without planning is fatal (Unknown)

"Leave all things for God but never leave God for all things."

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#7
would you believe na wala pa din transaction AEV today?! akala ko suspended or what hehe
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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#8
...bumili ka na mod hehe
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#9
meron na din 1,900 shares traded haha
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
hehehehe...kumita rin ako sayo...tamang tama lang yung post ng sell....
Planning without action is futile, action without planning is fatal (Unknown)

"Leave all things for God but never leave God for all things."

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