SUMMARY
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MANILA, Philippines – The Philippines has 7 companies listed in Southeast Asia’s most sought after companies to invest in.
A poll by institutional investment magazine Alpha Southeast Asia found that real estate giants and diversified conglomerates in the Philippines were among global investor favorites.
Respondents from 473 entities with investment interests in the region voted the following as among the most sought after:
- SM Investment Corp (SMIC), conglomerate
- Ayala Corp, conglomerate
- San Miguel Corp, conglomerate
- Megaworld Corp, real estate
- BDO Inc., bank
- Globe Telecom
- Philippine Long Distance Telephone Co. (PLDT)
The companies were ranked on their financial management, adherence to corporate governance, corporate social responsibilty (CSR) and investor relations’ strategy, transparency and disclosure.
At the opposite end of the scale, Philex Mining, Melco Crown Resorts, and Eton Properties in the Philippines were noted for their poor and unpredictable investor relations’ strategy.
The best CFO in the Philippines was awarded to Jose Sio, CFO of SMIC.
Across the region, the award for the Best Annual Report in Southeast Asia went to Adaro Energy, an Indonesian mining giant in-the-making. The award for Best CFO in Southeast Asia went to Kenny Kim, Group CFO at CIMB responsible for managing the financial resources of its growing regional footprint, while the award for the Strongest Commitment to Sustainable Energy in Southeast Asia once again went to Thai Oil for its clear, transparent and consistent CSR goals and aspirations.
Results for the Philippines are as follows:
- Most organized investor relations (IR): BDO, Megaworld, SMIC
- Best Senior Management IR Support: SMIC, Megaworld, BDO
- Strongest Adherence to Corporate Governance: Ayala Corp, SMIC, Megaworld
- Most Consistent Dividend Policy: PLDT, San Miguel, Globe
- Best Strategic CSR: San Miguel Corp, Ayala Corp, SMIC
- Best CFO in the Philippines: Jose Sio, CFO, SM Investment Corp
- Best Annual Report in the Philippines: Ayala Corp
– Rappler.com
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