Razon’s international Container Terminal Services (ICT) bought back 5,970,990 ICT shares at 191 per share from subsidiary IWI Container Terminal Holdings. The transaction valued at 1.1 Billion Pesos was crossed at the Philippine Stock Exchange on 17 September 2021. The transaction was brought about by the desire of the Razon controlled ICT to adopt theContinue reading “Razon vs. Lopezes: diverging governance practices, diverging fortunes”
Tag Archives: International Container Terminal Services
5 Peso cash dividend validated ICT’s strength
ICT’s 2020 financial results showed that revenue for 2020 surpassed its pre-pandemic revenue. That fact provides the cue that ICT is benefiting from the money printing around the world. Despite the pandemic induced lockdown around the world, demand for goods and materials remained buoyant as the world becomes awash with cash. ICT operating ports andContinue reading “5 Peso cash dividend validated ICT’s strength”
A conservative ICT (International Container Terminal Services, Inc.) cashes out treasury shares to fortify further its finances creating a buying opportunity
Despite the pandemic slowing economic activities everywhere, international port operator International Container Terminal Services, Inc. (ICT) is able to maintain its revenue level. ICT generates revenue for the nine-month period ending September 30, 2020 of US$1.1 Billion. The said revenue is at par with last year’s. ICT exhibiting resiliency against the ongoing pandemic has sentContinue reading “A conservative ICT (International Container Terminal Services, Inc.) cashes out treasury shares to fortify further its finances creating a buying opportunity”
Pandemic resilient ICT (International Container Terminal Services, Inc.) fortifies its financials
Despite the pandemic slowing economic activities everywhere, international port operator International Container Terminal Services, Inc. (ICT) is able to maintain its revenue level. ICT generates revenue for the nine-month period ending September 30, 2020 of US$1.1 Billion. The said revenue is at par with last year’s. ICT’s financial discipline allowed it to lower operating expensesContinue reading “Pandemic resilient ICT (International Container Terminal Services, Inc.) fortifies its financials”