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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
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