Friday, February 9, 2018

First Philippine Holdings Corporation (FPH)

This posting may contain out of date contents.
For the updated or exact information, you should check edge.pse.com.ph or their official website.


1. Company Information
Company Name
First Philippine Holdings Corporation (FPH)
Sector
Industrial
Incorporation Date
Jun 30, 1961
Subsector
Electricity, Energy, Power & Water
Number of employees
 (Group Total)
Board of Directors
Chairman Emeritus: Oscar M. Lopez, Chairman: Federico R. Lopez
Other directors:  Oscar J. Hilado (PHEN)
Website / E-mail
http://www.fphc.com
2. Stock Information
Total Assets
379,521,000,000
Market Capitalization
34,139,124,650.40
Total Liabilities
218,050,000,000
Outstanding Shares
554,206,569
Retained Earnings
89,573,000,000
Listed Shares
609,653,359
Listing Date
May 23, 1963
Issued Shares
609,649,639
Board Lot
10
Free Float Level (%)
47.23%
Par Value
10.00
Foreign Ownership Limit
40%
3. Major Stock Holders (common shares)
LOPEZ HOLDINGS CORPORATION (LPZ)
PCD NOMINEE CORPORATION (FILIPINO)
PCD NOMINEE CORPORATION (NON-FILIPINO)
46.47%
31.23%
11.00%
4. Company Descriptions and Business Development
Notes
1. Oscar M. Lopez and Mr. Manuel M. Lopez are brothers.
Ernesto B. Rufino, Jr. is the brother-in-law of Mr. Oscar M. Lopez. His sister, Mrs. Consuelo Rufino Lopez,is the wife of Mr. Oscar M. Lopez.
Federico R. Lopez, Oscar R. Lopez, Jr. and Benjamin R. Lopez are the sons of Mr. Oscar M. Lopez
Francis Giles B. Puno is the brother-in-law of Mr. Federico R. Lopez.
Eugenio L. Lopez III is the nephew of Oscar M. Lopez and Manuel M. Lopez.
2. Lopez, Inc is holding 52.5% of Lopez Holdings Corporation and 79.3% of voting stake of ABS-CBN.
Overview
The Company's major business segments are in power generation, real estate development, manufacturing, and construction and other services. The Company's other activities consist of pipeline service, construction, drilling and sale of merchandise.


Business
Revenue contribution in 2016 (in million pesos)
Sale  of  electricity
Real  estate
Contracts  and  services
Sale  of  merchandise
74,284
10,668
4,931
2,027
81%
12%
5%
2%

Power Generation is conducted through FGEN and its subsidiaries including EDC.
FGEN is the largest clean and renewable power producer with installed capacity of 3,468 MW.
Real Estate Development
Residential and commercial real estate development and leasing under Rockwell Land Corporation (Rockwell Land), and sale of industrial lots and lease of readybuilt factories under First Philippine Industrial Park Corporation (FPIP) and First Industrial Township, Inc. (FIT).
Manufacturing
Through its subsidiaries and JV, it manufactures electric related products.
Construction and other services
Construction contracts under First Balfour, Inc. (First Balfour) and geothermal well drilling services from its subsidiary, ThermaPrime Drilling Corporation (ThermaPrime), and other service and investment holding companies within the Group.works to industrial plants.


Subsidiaries / Associates / Affiliates / Joint Ventures
First Gen (FGEN, 66.24%)
Rockwell Land (ROCK, 86.58%)
First Philippine Realty Corporation (FPRC, 100%)
First Philippine Properties Corporation (FPPC, 100%)
Philippine Electric Corporation (First Philec) is manufacturing, through its subsidiaries, AVR, transformer, solar-grade silicon wafer, etc.
First Philippine Industrial Park (FPIP, 70%)
First Balfour Inc. (First Balfour, 100%) is a construction company.
First Philippine Industrial Corporation (FPIC, 60%) operates the country’s largest commercial petroleum pipeline.
Meralco (3.95%)

+++++++++++++++++++++++++++++++++++++++++

MARKET ISSUES

[last partial update : 02/28/2018] Macro and Overseas (a) US interest rate : 1.25 ~ 1.5%, May increase 3 times in 2018 (b) US 10 yr bond...