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News and Events

SMC Cuts Final Price for Food and Drinks Unit to Php85, Down 39% From Php140 Initial Target

Number of shares offered also halved to just 461 million from 887 million

Diversified conglomerate San Miguel Corp. has cut the final offering price for its shares in San Miguel Food and Beverage Inc. (SMFB) to Php85, the listed food and drinks company said in a disclosure to the Philippine Stock Exchange (PSE) on October ...

by Pauline Macaraeg  | October 25, 2018 04:00:00
News and Events

Would You Buy San Miguel Food and Beverage Shares After Target Price Lowered from Php140 to Php85-95?

The new target price is now within range of recent price movements

San Miguel Food and Beverage Inc. (SMFB) lowered the offering price of its planned share sale to Php85 to Php95 apiece from the original offer of up to Php140, the company stated in a disclosure to the Philippine Stock Exchange on October ...

by Pauline Macaraeg  | October 19, 2018 03:00:00
News and Events

This is How San Miguel Plans to Address PH's Rice Woes

Conglomerate plans to build giant climate-controlled grains terminals in eight locations to store rice

In his televised “tête-à-tête” with Presidential Chief Legal Counsel Salvador Panelo on September 11, President Rodrigo Duterte threatened he will move for the abolition of the National Food Authority (NFA) Council for its failure to prevent the soaring rice prices through timely ...

by Pauline Macaraeg  | September 13, 2018 05:00:00
News and Events

Financial Adviser: 5 Things to Know About San Miguel Food and Beverage's Follow-On Offering and How to Profit from It

SMFB's parent company San Miguel Corp. plans to sell up to one billion shares or 17% of SMFB

The share price of San Miguel Food and Beverage (SMFB) has gained as much as 96 percent this year from Php53 per share at the start of the year to as high as Php104 recently.The consistent rise of the stock, despite a ...

by Henry Ong  | September 11, 2018 09:00:00
News and Events

Would You Buy San Miguel Food and Beverage Shares at Php140 Apiece?

San Miguel Corp. announces its timetable to raise Php142 billion from sale of shares in its food and beverage unit

San Miguel Corp. (SMC) has announced plans to raise up to Php142 billion from the follow-on offering of shares in its food and beverage unit, San Miguel Food and Beverage (SMFB) Inc., towards end-October. It’s considered the country’s biggest ever secondary offering.The ...

by Elyssa Christine Lopez  | August 23, 2018 08:00:00
News and Events

A 1.9-Km Bridge to Link Boracay and Caticlan? That's the Plan, Says San Miguel Corp.

Conglomerate announces proposal as DENR vows to reopen the island on October 26

Listed conglomerate San Miguel Corp. (SMC) is submitting an unsolicited proposal to the government to build a bridge connecting Boracay Island to Caticlan in Aklan, several reports said on Tuesday, July 10.In a report by BusinessMirror, SMC President and Chief Operating Officer ...

by Elyssa Christine Lopez  | July 12, 2018 04:00:00
News and Events

SMC, MVP Groups Set Aside Rivalry as Ang donates Php50M for PH sports

Ang made the donation to the Philippine Olympic Committee

This is one rare instance when corporate rivals San Miguel Corp and the MVP group are on the same page.SMC president and COO Ramon S. Ang not only delivered on his promise of a Php20 million for the Philippine Olympic Committee (POC), he threw in ...

by Gerry Ramos for Spin.ph  | June 29, 2018 12:00:00
News and Events

Smooth Driving From Manila All the Way to Ilocos with SMC Plan to Extend TPLEX

Company submits unsolicited proposal to extend the toll road that cut travel time to Baguio to three hours

San Miguel Holdings Corp. (SMHC) has submitted an unsolicited proposal to extend the Tarlac-Pangasinan-La Union Expressway (TPLEX) by 100 kilometers to reach the Ilocos provinces, according to a report by The Philippine Star.According to the news item posted on May 30, San ...

by Elyssa Christine Lopez  | June 08, 2018 05:00:00
News and Events

SMC Wins NEDA Board Approval to Build a Php735.6-B International Airport in Bulacan

Policy move gives Department of Transportation more long-term options to address NAIA congestion

San Miguel Corporation’s (SMC) unsolicited proposal to build a Php735.6-billion international airport in Bulacan has been approved by the National Economic and Development Authority (NEDA) board on Wednesday, April 25, the agency said in a statement.The proposal includes the construction, development, operation ...

by Pauline Macaraeg  | April 26, 2018 07:00:00
Run & Grow

Financial Adviser: 5 Reasons Why San Miguel Corp is the Best-Performing Blue Chip Stock This Year

The company has already gained 28 percent to date

San Miguel Corp. (SMC) has transformed itself from a food and beverage company into a diversified conglomerate with investments in key industries in fuel and oil, energy and infrastructure over the past 10 years.In 2008, SMC adopted an aggressive business diversification strategy ...

by Henry Ong  | April 17, 2018 10:00:00
News and Events

San Miguel Confirms It’s in Talks to Acquire Stake in BMW Distributor in PH

Conglomerate mulls possible investment despite looming higher taxes on luxury cars

Diversified conglomerate San Miguel Corp. (SMC) has confirmed it is in discussions with Jose Alvarez, chairman and principal owner of Asian Carmakers Corp. (ACC), for a possible investment in the exclusive distributor for BMW cars in the Philippines. Based in Germany, BMW ...

by Elyssa Christine Lopez  | July 07, 2017 04:00:00
News and Events

Ramon Ang’s Cement Company Launches IPO Amid Rough Period for Bigger Rivals

Eagle Cement, the biggest Filipino-owned cement maker, is selling shares to the public starting May 16

Eagle Cement Corp., the country’s biggest locally owned cement manufacturer by production volume, is selling its shares to the public for the first time from May 16 to 22. It plans to list at the Philippine Stock Exchange (PSE) on May 29. ...

by Lorenzo Kyle Subido  | May 16, 2017 08:00:00
Run & Grow

Financial Adviser: 5 Dividend-Paying Stocks Every Saver Can Invest In to Earn Up to 8% p.a.

Consider these stocks when you're on the lookout for investment opportunities

Q: My bank recently asked me if I wanted to invest in bonds being offered by a reputable company. I was told that the bonds will pay around 5 percent interest rate per year. While the terms look fine to me, I ...

by Henry Ong  | May 09, 2017 11:00:00
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