Latest news with #BankofthePhilippineIslands
GMA Network
7 days ago
- Business
- GMA Network
BPI working toward blue bond issuance
Ayala-led Bank of the Philippine Islands (BPI) said Thursday it is looking to offer blue bonds, issuances designed to finance marine and ocean-based projects, with the lender seeking to hit P1 trillion worth of sustainability-linked loans by 2026. According to BPI chief finance officer and chief sustainability officer Eric Luchangco, the bank is now working on a blue bond framework which will specify that the proceeds will go to eligible uses. "Our goal is to finalize that framework within the year… I believe we'll be able to finalize the framework within the year. The timing of the issuance will be dependent on the funding requirement so I cannot specify at this time," he told reporters in Makati City. Blue finance will cover sustainable water management, sustainable management of waste and wastewater; sustainable shipping; marine transportation, and port logistics; marine renewable energy; sustainable fisheries; sustainable tourism services; and solid waste management, among others. Luchangco said the company aims to hit P1 trillion worth of sustainability-linked loans by 2026, a target the bank set in 2021. The bank ended the first quarter with close to P900 billion worth of such loans, equivalent to 39.13% of the P2.3 trillion total loan book during the period. "If it were to trend at its current trend, we would be able to achieve that objective, that P1-trillion objective. Of course, you know, we do have to see that pan out over the next year and a half, but I think we're confident that we remain committed in this journey and therefore we will be able to achieve this goal," he said. Aside from the P1-trillion target, Luchangco said BPI is also aiming to have half of its total loan book be sustainability linked by the end of 2026. "Our goal is that at least 50% of our book should be sustainability linked. P900 billion out of P2.3 trillion is not 50%, so there's still a bit of a way to go from that perspective that at least 50% should be sustainability linked, but the goal is that by the end of 2026, that's what we're shooting for. I'm not sure we're gonna get there, but that continues to be our goal," Luchangco said. "I think we'll achieve the P1 trillion earlier than expected. The 50% of total loan book, you know, between those two goals, I think that one will be the more challenging to achieve because the non-sustainability-linked side is also growing well," he added. BPI said its sustainable development finance (SDF) portfolio has so far covered 485 projects, including 177 in energy efficiency, 145 in renewable energy, 80 in climate resilience, 74 in sustainable agriculture, and six in sustainable water. The bank ended 2024 with a P958-billion sustainable development goal (SDG) portfolio—P409 billion on industry, innovation, and infrastructure; P192 billion to zero hunger; P128 billion to affordable and clean energy; P105 billion to decent work and economic growth; P58 billion to sustainable cities and communities; and P66 billion to others. Luchangco said BPI is also set to increase the size of its one-and-a-half-year peso-denominated Supporting Inclusion, Nature, and Growth (BPI SINAG) bonds, citing strong demand. "I think we haven't publicly disclosed the size, but it will definitely be larger than the initial disclosed offer which I believe was P5 billion, so I think the demand for this bond has been very, very strong. I'm happy to say that it's been very, very strong," he said. The issuance comprises the first tranche of a P200-billion bond and commercial paper program, carrying an interest rate of 5.85% per annum paid quarterly. The offer period was initially scheduled to close on May 30, but was cut short to May 26. Listing with the Philippine Dealing and Exchange Corp. will push through as scheduled on June 10, 2025. — VDV, GMA Integrated News
Yahoo
24-02-2025
- Business
- Yahoo
3 Dividend Stocks Offering Yields Up To 4.7%
In the current global market landscape, characterized by geopolitical tensions and consumer spending concerns, investors are navigating a volatile environment where major indices have experienced fluctuations. Amidst these challenges, dividend stocks can offer a measure of stability and income potential, making them an attractive option for those seeking to balance risk with reliable returns. Name Dividend Yield Dividend Rating Wuliangye YibinLtd (SZSE:000858) 3.91% ★★★★★★ Padma Oil (DSE:PADMAOIL) 7.61% ★★★★★★ Peoples Bancorp (NasdaqGS:PEBO) 5.03% ★★★★★★ Tsubakimoto Chain (TSE:6371) 4.24% ★★★★★★ Daito Trust ConstructionLtd (TSE:1878) 4.06% ★★★★★★ Nihon Parkerizing (TSE:4095) 3.92% ★★★★★★ Citizens & Northern (NasdaqCM:CZNC) 5.37% ★★★★★★ GakkyushaLtd (TSE:9769) 4.48% ★★★★★★ China South Publishing & Media Group (SHSE:601098) 4.23% ★★★★★★ DoshishaLtd (TSE:7483) 3.90% ★★★★★★ Click here to see the full list of 2010 stocks from our Top Dividend Stocks screener. Here we highlight a subset of our preferred stocks from the screener. Simply Wall St Dividend Rating: ★★★★★☆ Overview: Bank of the Philippine Islands, along with its subsidiaries, offers a range of financial products and services to retail and corporate clients in the Philippines, with a market cap of approximately ₱675.36 billion. Operations: Bank of the Philippine Islands generates its revenue through various financial services and products tailored for both retail and corporate clients in the Philippines. Dividend Yield: 3% Bank of the Philippine Islands offers a stable dividend with a 3.03% yield, supported by a low payout ratio of 33.6%, indicating dividends are well covered by earnings. The bank's dividends have been reliable and growing over the past decade, though its yield is below the top quartile in the Philippine market. Recent earnings growth and leadership changes, such as Luis Geminiano E. Cruz's appointment as Head of Institutional Banking, may influence future performance positively. Delve into the full analysis dividend report here for a deeper understanding of Bank of the Philippine Islands. According our valuation report, there's an indication that Bank of the Philippine Islands' share price might be on the expensive side. Simply Wall St Dividend Rating: ★★★★★☆ Overview: Tiandi Science & Technology Co. Ltd operates in mine safety, smart equipment, design and construction, green development, and clean low-carbon sectors in China with a market cap of CN¥24.33 billion. Operations: Tiandi Science & Technology Co. Ltd generates revenue from its operations in mine safety, smart equipment, design and construction, green development, and clean low-carbon sectors within China. Dividend Yield: 4.7% Tiandi Science & Technology Ltd. provides a compelling dividend yield of 4.72%, placing it in the top 25% of dividend payers in China, supported by a manageable payout ratio of 45.2%. The company's dividends are covered by both earnings and cash flows, though their history is marked by volatility and unreliability over the past decade. Despite this instability, dividend payments have grown over ten years, with the stock currently trading at a significant discount to its estimated fair value. Dive into the specifics of Tiandi Science & TechnologyLtd here with our thorough dividend report. Our valuation report here indicates Tiandi Science & TechnologyLtd may be undervalued. Simply Wall St Dividend Rating: ★★★★★☆ Overview: Zhejiang Hailide New Material Co., Ltd operates in the research, development, production, and sales of chemical fibers, textile materials, and rubber and plastic products both domestically and internationally with a market cap of CN¥5.02 billion. Operations: Zhejiang Hailide New Material Co., Ltd's revenue is derived from its activities in chemical fibers, textile materials, and rubber and plastic products within China and on an international scale. Dividend Yield: 3.4% Zhejiang Hailide New Material Ltd. offers a dividend yield of 3.42%, ranking it among the top 25% of dividend payers in China, with a payout ratio of 45.4% and cash payout ratio of 41.6%, ensuring dividends are covered by earnings and cash flows. Despite past volatility, dividends have grown over ten years. The company announced a CNY 300 million share buyback program, enhancing shareholder value while trading at an attractive P/E ratio of 13.7x compared to the market's average. Click to explore a detailed breakdown of our findings in Zhejiang Hailide New MaterialLtd's dividend report. According our valuation report, there's an indication that Zhejiang Hailide New MaterialLtd's share price might be on the cheaper side. Embark on your investment journey to our 2010 Top Dividend Stocks selection here. Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools. Take control of your financial future using Simply Wall St, offering free, in-depth knowledge of international markets to every investor. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include PSE:BPI SHSE:600582 and SZSE:002206. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
