Thursday, May 13, 2021

Teresita Sy is BDO’s chairman


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THE Zobel-owned Ayala Corp. (AC) furnished the Securities and Exchange Commission (SEC), the Philippine Stock Exchange (PSE) and the Philippine Dealing and Exchange Corp. (PDEx) the company’s declaration of cash dividends equivalent to one-fourth of 5.25 percent per annum, or P6.56250 per share, based on the issue price of the preferred “B” series 1 (ACPB1) shares. The record date is on Feb. 11, 2021, and payment date is on Feb. 15, 2021, according to AC’s filing dated Jan. 28, 2021.

In the filing, AC also said it would distribute one-fourth of 4.8214 percent per annum, or P4.8214 percent per annum, or P6.02675, based on the issue price if preferred “B” series 2 (APB2R) shares. The record date is on Feb. 19, 2021 and payment date is on Feb. 28, 2021.”

The filing did not state the number of ACPB1 and APB2R shares, although AC did the SEC, the PSE and the PDEx copies of the payments.

AC, which had Jaime Augusto Zobel de Ayala as chairman, and his brother Fernando as vice chairman of the seven-man board, said the company has 627,415,324 common shares; 20 million preferred B series 1 shares, 30 million preferred B series 2 shares and 200 million voting preferred shares, according to disclosure dated Jan. 28, 2021, which Solomon Hermosura filed as AC’s corporate secretary.

AC peaked at a 30-day high of P849 on Dec. 16, 2020 when it opened at P847; fell to a session low of P833; and closed at a 30-day and session high of P849. It fell to a 30-day low of P756 on Jan. 28, 2021 when it opened at P774; climbed to P800 and dropped to a session high of P800.

Hans Sy, his brother Herbert and sister Elizabeth were the principal/substantial stockholders, as direct and indirect holders of 268,544,961 common shares, or 22. 294 percent of 1,204,582,867 outstanding common shares of SM Investments Corp. (SM). Of the outstanding, Hans owned 75,839,675 common shares (direct) and 22,929,461 common shares, for a total of 98,769,136 common shares, or 8.199 percent; Herbert, 98,753,008 common shares, or 8.198 percent; and Elizabeth, 71,022,817 common shares, or 5.896 percent. SM’s outstanding common shares, with P10 par value, are all listed on the PSE.


The brothers Hans, Herbert and their sister Elizabeth are not directors of SM’s eight-person board. Neither are they executives of the company.

In a 2020 general information sheet (GIS), SM also reported 1,204,582,867 outstanding common shares, the same number in its public ownership report (POR) and PSE website. PCD Nominee Corp. was the company’s top stockholder. As the number one shareholder, it held 414,314,888 SM common shares, or 34.395 percent as record holder for non-Filipinos and 161,741,117 common shares, or 13.427 percent for Filipinos.

SM peaked at a 30-day high of P1,095 on Jan. 11, 2021 when it opened at P1,050, which was its session low, and closed at a session low of P1,050. It fell to a 30-day low of P985 on Jan. 29, 2021 when it opened at P1,016; hit a session high of P1,033; and closed at 30-day and session low of P985.

In a 2020 GIS, Manila Bulletin Publishing Corp. (MB) listed 2,757 Filipino stockholders as owners of 3,466,139,072 outstanding common shares, or 57.769 percent of 6 billion authorized capital stock (ACS).

The said GIS reported US Automotive Co. Inc. as holder of 1,883,738,105 MB common shares, or 57.769 percent of outstanding, followed by US Auto Co. Inc. as owner of 811,225,930 common shares, or 13.52 percent, and Menzi Trust Find Inc. held 292,632,568 common shares, or 4.877 percent. PCD Nominee Corp. held 169,541,218 common shares, or 2.826 percent as record stockholder for Filipinos. Foreigners are not allowed to hold shares in newspapers.

This would mean that of the ACS, MB had yet to issue the remaining 2,533,860,928 common shares, or 42.231 percent, according to the GIS.

Manila Bulletin peaked at a 30-day high of P0.67 on Jan. 13, 2021 when it opened at P0.455, which was its session low, and closed at P0.55. It fell to 30-low of P0.425 on Jan. 7, 2021 when it opened at 30-day and session low; climbed to P0.430; and closed at its high of P0.430. On Jan. 8, 2021, it opened and closed at P0.430; hit a session high of P0.440 and closed at P0.430.

Teresita Sy is the chairman of the 11-person board of BDO Unibank Inc. She increased her ownership in the bank to 506,421 common shares from 394,947 common shares after she purchased 111,474 common shares in three trading days. Her additional acquisitions were: 17,183 on Jan. 21, 2021; 91,945 on January 25; and 2,346 on January 26. She did not disclose the prices of her additional shares.

According to a 2020 GIS, BDO had 4,899,283,415 outstanding common and preferred shares of the bank’s 6.5 billion ACS divided into 5.5 billion common shares and 1 billion preferred shares. Both the common and preferred shares had P10 par value.

BDO, which stands for Banco de Oro, peaked at a 30-day high of P115.40 on Dec. 16, 2020 when it opened at P114.50; dropped to P112.60; and finished trading at P113.50. It fell to a 30-day low of P99 on Jan. 6, 2021 when it opened at a session high of P102 and closed at P99.90.

Will AC allocate some voting preferred shares for public investors? Just asking.



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