Friday, February 9, 2018

Makati Finance Corporation (MFIN)

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For the updated or exact information, you should check edge.pse.com.ph or their official website.

1. Company Information
Company Name
Makati Finance Corporation (MFIN)
Sector
Small, Medium & Emerging Board
Incorporation Date
Feb 23, 1966
Subsector
Small, Medium & Emerging Board
Number of employees
271 (Group Total)
Board of Directors
Chairman Emeritus: Teresita B. Benitez, Chairman: Rene B. Benitez
Website / E-mail
http://webmail.makatifinance.com.ph
2. Stock Information
Total Assets
1,122,442,162
Market Capitalization
643,427,426.88
Total Liabilities
661,734,508
Outstanding Shares
223,412,301
Retained Earnings
219,434,772
Listed Shares
223,412,301
Listing Date
Jan 06, 2003
Issued Shares
223,412,301
Board Lot
1,000
Free Float Level (%)
19.37%
Par Value
1.00
Foreign Ownership Limit
40%
3. Major Stock Holders (common shares)
Amalgamated Investment Bancorporation (AIB)
MF Pikeville Holdings, Inc.
Motor Ace Philippines, Inc.
42.29 %
06.99 %
24.20 %
4. Company Descriptions and Business Development
Notes
1. Isidro B. Benitez is the chairman of Obstetrics and Gynecology of the Makati Medical Center, Amalgamated Development Corporation and vice chairman of AIB. Makati Medical Center is owned by MPI (a listed company).
2. Dr. Isidro B. Benitez and Ms. Teresita B. Benitez are spouses, and Mr. Rene B. Benitez and Eric B. Benitez are their sons.
Overview
MFIC is a company providing quality financial services and advisory to its clients. The Company’s main product lines are Rx Cashline – loans especially tailored to medical professionals, MFC Factors – a receivables factoring service and Business Loans for Small and Medium Enterprise (SMEs), and Motorcycle (MC) Financing – loans for motorcycle buyers.


Business
It recorded P365 millions of revenues and P46 millions of net income in 2016.
Rx Cash Line (P26 million)
Factors (P29 million)
Financing (P173 million)

Subsidiaries / Associates / Affiliates / Joint Ventures
Amalgamated Investment Bancorporation (AIB, 20%)

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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...