Latest news with #FirstGen
Yahoo
19 hours ago
- Business
- Yahoo
Top Asian Dividend Stocks To Consider In June 2025
As global markets navigate the complexities of trade policies and shifting economic landscapes, Asian indices have shown mixed performance, with Japan's stock markets rebounding on hopes of a trade agreement while China's indices faced declines amid trade war pauses. In this environment, dividend stocks can offer investors a measure of stability and income potential, making them an attractive consideration for those looking to balance growth with consistent returns. Name Dividend Yield Dividend Rating en-japan (TSE:4849) 4.20% ★★★★★★ Daito Trust ConstructionLtd (TSE:1878) 4.16% ★★★★★★ Daicel (TSE:4202) 4.92% ★★★★★★ Asian Terminals (PSE:ATI) 6.38% ★★★★★★ CAC Holdings (TSE:4725) 4.86% ★★★★★★ Yamato Kogyo (TSE:5444) 4.58% ★★★★★★ Guangxi LiuYao Group (SHSE:603368) 4.47% ★★★★★★ DoshishaLtd (TSE:7483) 4.34% ★★★★★★ E J Holdings (TSE:2153) 5.22% ★★★★★★ Japan Excellent (TSE:8987) 4.41% ★★★★★★ Click here to see the full list of 1258 stocks from our Top Asian Dividend Stocks screener. Underneath we present a selection of stocks filtered out by our screen. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: First Gen Corporation, with a market cap of ₱69.13 billion, operates in the power generation sector in the Philippines through its subsidiaries. Operations: First Gen Corporation's revenue primarily comes from its subsidiaries, with significant contributions from First Gas Power Corporation ($877.67 million), Energy Development Corporation & Subsidiaries ($766.20 million), FGP Corp. ($445.80 million), and First Natgas Power Corp. ($146.52 million), along with smaller contributions from FG Hydro & Fresh River Lakes Corporation ($75.07 million) and Prime Meridian ($77.08 million). Dividend Yield: 4.8% First Gen Corporation's dividend strategy is supported by a low payout ratio of 23%, indicating dividends are well-covered by earnings, and a cash payout ratio of 33.6%, ensuring coverage by cash flows. Despite this, its dividend history has been volatile over the past decade, affecting reliability. Recent developments include a board meeting to approve cash dividends and a partnership with Axelum Resources for geothermal power supply, potentially enhancing revenue stability through renewable energy initiatives. Take a closer look at First Gen's potential here in our dividend report. Insights from our recent valuation report point to the potential undervaluation of First Gen shares in the market. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: OKP Holdings Limited, with a market cap of SGD234.83 million, operates as a transport infrastructure and civil engineering company in Singapore and Australia. Operations: OKP Holdings Limited generates revenue through its segments of Maintenance (SGD61.74 million), Construction (SGD135.13 million), and Rental Income (SGD6.06 million). Dividend Yield: 3.3% OKP Holdings' dividend payments, while thoroughly covered by a low payout ratio of 9.1% and cash payout ratio of 14.1%, have been volatile over the past decade, impacting reliability. Despite recent sales growth to S$181.75 million in 2024, net income declined to S$33.7 million from the previous year, reflecting pressure on profit margins and potentially affecting future dividend stability. The dividend yield remains modest at 3.27%, below top-tier Singapore market payers. Get an in-depth perspective on OKP Holdings' performance by reading our dividend report here. According our valuation report, there's an indication that OKP Holdings' share price might be on the cheaper side. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Taiyo Holdings Co., Ltd., along with its subsidiaries, operates in the electronics materials industry on a global scale, with a market capitalization of ¥332.57 billion. Operations: Taiyo Holdings Co., Ltd. generates revenue primarily from its Electronics Business, contributing ¥81.70 billion, and its Medical and Pharmaceutical Business, which adds ¥31.56 billion. Dividend Yield: 4.8% Taiyo Holdings' dividend yield of 4.84% ranks in the top 25% of Japanese market payers, yet it's not well covered by earnings or cash flows due to a high payout ratio of 98.4%. Despite stable and reliable dividends over the past decade, recent volatility in share price and large one-off financial items pose concerns. The company's board is considering strategic options amidst M&A discussions to enhance shareholder value, potentially impacting future dividend policies. Dive into the specifics of Taiyo Holdings here with our thorough dividend report. In light of our recent valuation report, it seems possible that Taiyo Holdings is trading beyond its estimated value. Take a closer look at our Top Asian Dividend Stocks list of 1258 companies by clicking 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. Simply Wall St is your key to unlocking global market trends, a free user-friendly app for forward-thinking investors. 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:FGEN SGX:5CF and TSE:4626. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
a day ago
- Business
- Yahoo
Prime Infra to buy 60% equity stake in First Gen's gas business
Prime Infra, the infrastructure arm of Filipino tycoon Enrique K. Razon Jr., has signed an agreement to acquire a 60% stake in the gas assets of First Gen for $896.44m (49.87bn pesos). The strategic move is set to reshape the energy landscape in the Philippines. First Gen, a company with strong ties to the influential Lopez family, was incorporated in December 1998 as a subsidiary of First Philippine Holdings Corporation (FPH). The Lopez family, which also controls ABS-CBN, the nation's largest broadcaster, will retain a 40% holding in the gas assets. The acquisition is a key development in the Philippine energy sector, following a $3.3bn gas and liquefied natural gas (LNG) joint venture announced by San Miguel, Aboitiz Power and a subsidiary of Manila Electric Co. First Gen's divestment is aimed at supporting its ambition to quadruple its renewable energy capacity by 2030. Upon finalisation of the deal, Prime Infra will take ownership of several key assets including the 1GW Santa Rita Power Plant, the 500MW San Lorenzo Power Plant, the 450MW San Gabriel Power Plant, the 97MW Avion Power Plant and the planned 1.2GW Santa Maria Power Plant. The Interim Offshore LNG Terminal is also part of the transaction. In exchange for the shares in First Gen, Prime Infra has committed to a payment of 50bn pesos upon the closing of the deal, with potential adjustments and modifications to be mutually agreed upon by the involved parties. Prime Infra is focused on building and operating assets that support the most urgent sustainability priorities including dependable energy supply, access to clean water and modern waste management. "Prime Infra to buy 60% equity stake in First Gen's gas business" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
2 days ago
- Business
- CNBC
Billionaire Razon to buy 60% stake in First Gen's gas assets for $896 million
Prime Infra, the infrastructure business arm of Filipino businessman Enrique K. Razon Jr., is buying 60% of the gas assets of First Gen Corp for 50 billion pesos ($896.44 million), the Philippine energy firm said on Monday. The parties have signed a term sheet, which shows another upcoming facility located in Batangas province, south of Manila, First Gen said in a statement. First Gen is backed by the influential Lopez family, who will retain a 40% stake in the gas business the company is selling. The Lopez family is also the controlling shareholder of ABS-CBN, the country's largest broadcaster. The deal marks the latest in the Philippine energy sector, following a $3.3 billion gas and LNG joint venture unveiled by San Miguel Corp with Aboitiz Power and a unit of Manila Electric Co. The stake sale will help First Gen go ahead with its plans to quadruple its renewable energy capacity in six years through 2030.
Reuters
2 days ago
- Business
- Reuters
Billionaire Razon to buy 60% stake in First Gen's gas assets for $896 million
June 2 (Reuters) - Prime Infra, the infrastructure business arm of Filipino businessman Enrique K. Razon Jr., is buying 60% of the gas assets of First Gen Corp ( opens new tab for 50 billion pesos ($896.44 million), the Philippine energy firm said on Monday. The parties have signed a term sheet, which shows another upcoming facility located in Batangas province, south of Manila, First Gen said in a statement. First Gen is backed by the influential Lopez family, who will retain a 40% stake in the gas business the company is selling. The Lopez family is also the controlling shareholder of ABS-CBN ( opens new tab, the country's largest broadcaster. The deal marks the latest in the Philippine energy sector, following a $3.3 billion gas and LNG joint venture unveiled by San Miguel Corp.( opens new tab with Aboitiz Power ( opens new tab and a unit of Manila Electric Co ( opens new tab. The stake sale will help First Gen go ahead with its plans to quadruple its renewable energy capacity in six years through 2030. ($1 = 55.7760 Philippine pesos)
Forbes
3 days ago
- Business
- Forbes
Billionaire Enrique Razon To Buy 60% Stake In Lopez Group's Gas Assets For $896 Million
Prime Infrastructure—controlled by casino-to-ports billionaire Enrique Razon Jr.—has agreed to buy 60% of the gas assets of the Lopez family-backed First Gen for 50 billion pesos ($896 million). Under a term sheet entered into by both parties and subject to a definitive agreement, Prime Infra will buy the controlling stake in five existing gas-fired power plants and a sixth facility under construction with a combined capacity 3,247 megawatts, along with an offshore liquefied natural gas terminal, according to a document furnished to Forbes Asia. The assets are all located in Batangas province, south of Manila. The partnership will enable First Gen and Prime Infra to 'further nurture, enhance and expand their natural gas platforms,' helping to secure the country's energy independence, according to the document. The gas plants will boost the profile of Prime Infra, which owns a substantial stake in the Malampaya gas field. The company is investing $800 million on drilling and exploration to boost the output of Malampaya, which has been dwindling in recent years. Prime Infra's power assets include two existing solar farms with a combined capacity of 128MW and two hydroelectric plants, which will have a combined capacity of 2,000MW once completed. For First Gen, the partial sale will help bankroll the $9 billion it plans to invest to quadruple its renewable energy capacity to 13 gigawatts in the six years through 2030. First Gen derives 55% of its capacity from gas while the rest comes from wind, solar, hydro and geothermal. After spending about $1.2 billion in 2024, that included the purchase of the 165 MW Casecnan hydro power facility in Nueva Ecija, north of Manila, it has earmarked another $601 million in capital expenditures this year, with as much as 90% allocated for 140MW of geothermal capacity, while the rest will be spent on a 50MW solar project. The Razon-Lopez deal is the latest strategic partnership to shake up the Philippine energy sector following a $3.3 billion gas and LNG joint venture announced by billionaire Ramon Ang's San Miguel Corp. with Aboitiz Power and a unit the Manila Electric Co. With a real-time net worth of $12 billion, Razon also has interests in global port operator ICTSI and Bloomberry, which owns two casino resorts in Metro Manila. In 2022, he planned to list Prime Infra, which also provides water utility and waste management services, but decided to postpone the IPO due to unfavorable market conditions. Besides their interest in energy, the Lopez family, which has a net worth of $230 million, is also the controlling shareholder of ABS-CBN, once the country's largest broadcaster. It pivoted to online streaming and content sharing with other networks after Philippine lawmakers in 2020 rejected the media company's bid to renew its franchise.
