News

PLCs deliver 1H24 financial results and corporate update through PSE STAR: Investor Day

Published on 27/08/2024

 

The Philippine Stock Exchange, Inc. (PSE) staged a three-day STAR (Strengthening Access and Reach): Investor Day 1H2024online event featuring 13 publicly listed companies (PLCs) that apprised equity analysts, fund managers, and institutional and retail investors on mid-year earnings and corporate developments.

 

PSE STAR: Investor Day was co-presented by Bloomberg L.P., with the Fund Managers Association of the Philippines (FMAP) and Trust Officers Association of the Philippines (TOAP) as event partners.

 

PLCs that took part in the investor briefing from August 14 to 16, 2024 were ACEN CORPORATION (ACEN), AREIT, Inc. (AREIT), BDO Unibank, Inc. (BDO), Cebu Landmasters, Inc. (CLI), D.M. Wenceslao & Associates, Incorporated (DMW), East West Banking Corporation (EW), Global Ferronickel Holdings, Inc. (FNI), GT Capital Holdings, Inc. (GTCAP), MacroAsia Corporation (MAC), Megawide Construction Corporation (MWIDE), Philippine Business Bank (PBB), PLDT Inc. (TEL), and Semirara Mining and Power Corporation (SCC).

 

“This edition had the highest registration of participants which speaks of the continuing and growing interest of institutional and retail investors, fund managers, analysts, and other stakeholders to hear directly from the top officers of the PLCs their respective companies’ latest quarterly earnings reports, discussion of  operations and expansion plans,” said PSE President and CEO Ramon S. Monzon.

 

“From the start, we envisioned PSE STAR to be a win-win activity for the stakeholders involved. It was meant to help PLCs enhance their corporate governance standards by providing them with a platform where they can put into action good investor relations practice and enable them to reach new investors and analysts, while attendees get a better understanding of the company’s financials and initiatives,” Mr. Monzon explained.

 

Aside from the live presentations and question and answer segments with the featured PLCs, recorded first half company briefings by 15 listed firms that took part in previous PSE STAR editions were uploaded on the event website for on-demand viewing by attendees. These PLCs include Aboitiz Equity Ventures, Inc., Aboitiz Power Corporation, Century Pacific Food, Inc., China Banking Corporation, Citicore Energy REIT Corp., Citicore Renewable Energy Corp., Concepcion Industrial Corporation, D&L Industries, Inc., DMCI Holdings, Inc., Manila Electric Company, Monde Nissin Corporation, Megaworld Corporation, MREIT, Inc., Philippine National Bank, and Shakey’s Pizza Asia Ventures, Inc.

 

The full recoding of the 1H24 PSE STAR: Investor Day will be uploaded on the PSE website.

 

The next edition of PSE STAR: Investor Day will be held in November 2024.

 

Shown in photo (from left, by row): TEL Chief Sustainability Officer and Head of Investor Relations Melissa V. Vergel de Dios, FNI President and Director Dante R. Bravo, MAC President and COO Eduardo Luis T. Luy, MWIDE President and CEO Edgar B. Saavedra, ACEN Group Chief Finance Officer Jonathan P. Back, CLI CFO Beauregard Grant L. Cheng, and DMW CEO Delfin Angelo C. Wenceslao; AREIT President and CEO Carol T. Mills, SCC CFO Carla T. Levina, BDO Head of Investor Relations and Corporate Planning Luis S. Reyes, PBB Vice Chairman and President Rolando R. Avante, EW CEO Jerry G. Ngo and GTCAP CFO George S. Uy-Tioco Jr.