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Thursday, July 25, 2013

Globe Telecom Cited Anew As One Of The Top Companies In Southeast Asia



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Globe Telecom has again been recognized by institutional investment publication Alpha Southeast Asia as one of the region’s top companies for having a most consistent dividend policy. Globe was also cited by Alpha for the same category last year.

The recognition will be given at the 3rd Annual Southeast Asia Institutional Investor Corporate Awards ceremony which will be held this September.

The citation is based on an annual poll conducted by Alpha Southeast Asia, the only institutional investment publication focused on Southeast Asia.

“With investment interest in the Philippines at an all-time high, the country is firmly back on the screens of investors both domestic and foreign. As a leading telecoms provider with world-class corporate governance standards, Globe Telecom has consistently raised the bar for investor relations and shareholder management. Globe will no doubt remain an investor favorite for many more years to come,” said Siddiq Bazarwala, Publisher, Alpha Southeast Asia.

The survey involved close to 500 investors and analysts across the region and from the U.S. and Europe. The participants included fund managers with investments interests in Southeast Asia, large institutional investors, insurance companies, pension funds, funds of hedge funds, private banks, equity and fixed income brokers as well as buy and sell analysts.

“We are honored by the recognition bestowed on Globe as one of the top companies in the region, specifically in relation to our dividend policy. This will further motivate us in increasing shareholder value by delivering a strong financial performance,” said Globe President and CEO Ernest Cu.

In February this year, the company’s board approved its first semi-annual cash dividend payment of about P4.4 billion, representing 86% of its 2012 core net profit on an annualized basis.

Last year, Globe paid dividends totaling P8.6 billion, representing a pay-out rate of 86% of its 2011 core net income. Such dividend payout is consistent with its dividend pay-out policy of distributing 75% to 90% of prior year’s core net income.

Alpha Southeast Asia, with main offices in Hong Kong, is a monthly magazine primarily written for institutional investors, asset and fund management companies in Hong Kong, Singapore, other parts of Asia, US, Europe and the Middle East.

The magazine also has a strong following among the region's largest local corporations concerned about liquidity management, cash flow maximization and financial supply chain optimization.

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