Multimedia giant ABS-CBN Corporation happily shared with The Manila Times that it has been ranked the third best mid-cap company in the Philippines in the latest survey of FinanceAsia magazine. It is the only media company in this year’s list.
In a press release, the company explained that the rankings are part of the magazine’s “Asia’s Best Companies 2015” poll of over 250 portfolio managers and buy-side analysts in the region, or those who identify investment opportunities for Asia’s leading mutual funds, pension funds, trusts, and hedge funds.
Moreover, ABS-CBN is the only entertainment and multimedia company included in the list for the mid-cap (middle capitalization) category. Security Bank was ranked third equal.
“This recognition is a strong vote of confidence for ABS-CBN and a good indicator that we are on the right track,” said ABS-CBN president and CEO Charo Santos-Concio. “We are indeed honored to be in this prestigious list of FinanceAsia.”
This is FinanceAsia’s 15th year to conduct the survey to determine the publicly listed companies investors consider to be the best-managed in Asia; who the best senior executives are; and which companies excel in corporate governance, investor relations, and other key metrics.
Chief operating officer Carlo Katigbak stated that the company is encouraged by this recognition and will continue to strive for innovation and excellence.
“We will continue to work hard to ensure that our strategies are attuned to technological trends and developments, and that our content remains relevant and sensitive to the needs of our various audiences. This is part of nation building, of shaping our culture, to be “in the service of the Filipino,” he said.