View Financial HealthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsHolcim Philippines 배당 및 자사주 매입배당 기준 점검 0/6Holcim Philippines 현재 배당금을 지급하지 않습니다.핵심 정보0%배당 수익률n/a자사주 매입 수익률총 주주 수익률n/a미래 배당 수익률n/a배당 성장률-6.3%다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향0%최근 배당 및 자사주 매입 업데이트공시 • May 12Holcim Philippines, Inc. Omits to Pay Cash Dividends as of March 31, 2022The board of directors of Holcim Philippines, Inc. did not declare any cash dividends as of March 31, 2022.공시 • May 28Holcim Philippines, Inc. Approves the Declaration of A Cash Dividend, Payable on June 30, 2021Holcim Philippines, Inc., at its board meeting held on May 27, 2021, approved the declaration of a cash dividend in the amount of PHP 0.43 per share to all stockholders of record as of June 16, 2021, which cash dividend shall be paid not later than June 30, 2021.모든 업데이트 보기Recent updates공시 • Nov 29Holcim Philippines, Inc.(PSE:HLCM) dropped from PSE All Share IndexHolcim Philippines, Inc. has been dropped from PSE All Share Index.공시 • Sep 27Holcim Philippines Seeks to Voluntarily Delist its Shares from the Philippine Stock Exchange by November 27, 2023Holcim Philippines, Inc. is seeking to voluntarily delist its shares from the Philippine Stock Exchange (PSE) by November 27, 2023 after two rounds of tender offers by Holderfin B.V. has reduced its public float to just 1.42% which would lead to its forced delisting. “The Board of Directors and stockholders of the Company approved the voluntary delisting of the Company from the Main Board of the PSE on June 29, 2023 and September 22, 2023, respectively,” Holcim said in a disclosure to the PSE. It added that, “the Company believes that it has satisfied all the conditions in PSE Memorandum CN No. 2020- 0104, the amended Voluntary Delisting Rules (the Delisting Rules), to delist its Common Shares from the Main Board of the PSE.” On June 29, 2023, Holderfin purchased from Sumitomo Osaka Cement Co. Ltd. 594,952,725 common shares of Holcim Philippines representing 9.22% of the company’s issued and outstanding capital stock-reducing the company’s public float to 5.05%-below the minimum public float requirement of 10%. Given this, Holderfin, one of the company’s major shareholders, initiated a voluntary tender offer proceedings for purposes of delisting the company’s shares from the PSE. On July 10 to August 30, the first tranche of the voluntary tender offer was conducted by Holderfin. Following the close of the Tender Offer Period, 233.8 million Common Shares, representing approximately 3.62% of the company’s issued and outstanding Common Shares, were tendered pursuant to the Tender Offer and were purchased by the Bidder on the Execution Date. As of September 6, the total ownership of Holderfin along with two of its affiliates, Union Cement Holdings Corporation and Cemco Holdings, Inc. has reached 6.36 billion Common Shares, representing approximately 98.58% of Holcim's issued and outstanding Common shares. Consequently, the PSE imposed a trading suspension of Holcim’s Common Shares on June 29 for falling below the minimum public float requirement. The company has informed Holderfin that, due to prevailing market and other conditions, it will be unable to increase the required MPO within a reasonable period of time. If the Company is unable to comply with the MPO, it may face involuntary delisting procedures under the PSE’s rules. To avoid such involuntary delisting proceedings against the Company, Holderfin conducted a tender offer of the remaining shares in the Company preparatory to the Company’s voluntary delisting.공시 • Jun 30Holcim Philippines to Quit Philippine Stock Exchange as Public Float DropsHolcim Philippines Inc. is planning to delist from the Philippine Stock Exchange (PSE) after deciding that it would be unable to raise its public float - already below the required minimum - after a shareholder increased its interest in the company. In a disclosure on June 29, 2023, Holcim said that Dutch firm Holderfin B.V. had purchased a 9.22% stake held by Sumitomo Osaka Cement Co. Ltd. via a block sale. This raised Holderfin's interest in Holcim to 27.33% from 18.11%. Holcim's public float - at 14.27% prior to the transaction and below the minimum requirement of 20% - subsequently dropped to 5.05%. "Accordingly, Holderfin informed the company that if the company will be unable to issue additional shares to the public sufficient to raise its public float to the required level, Holderfin is prepared to make a tender offer for all outstanding common shares of the Company held by the public with the aim of subsequently conducting a voluntary delisting of the company's common shares from the main board of the PSE," Holcim said. It initially said that it was "carefully evaluating the feasibility and potential benefits of pursuing the voluntary delisting" but later issued another disclosure saying that Holderfin would be proceeding with the tender offer. "The company will not be able to raise the required MPO (minimum public ownership) within a reasonable period due to prevailing market conditions," Holcim said.Reported Earnings • May 13First quarter 2023 earnings released: EPS: ₱0.06 (vs ₱0.065 in 1Q 2022)First quarter 2023 results: EPS: ₱0.06 (down from ₱0.065 in 1Q 2022). Revenue: ₱6.64b (down 1.4% from 1Q 2022). Net income: ₱356.0m (down 15% from 1Q 2022). Profit margin: 5.4% (down from 6.2% in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.공시 • May 12Holcim Philippines, Inc. Elects Gerardo Ablaza, Jr as DirectorHolcim Philippines, Inc. at its Annual Stockholders' Meeting held on May 11, 2023, elected Gerardo Ablaza, Jr as director for the upcoming year.Reported Earnings • Mar 26Full year 2022 earnings released: EPS: ₱0.15 (vs ₱0.40 in FY 2021)Full year 2022 results: EPS: ₱0.15 (down from ₱0.40 in FY 2021). Revenue: ₱26.6b (down 1.3% from FY 2021). Net income: ₱941.8m (down 63% from FY 2021). Profit margin: 3.5% (down from 9.5% in FY 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year whereas the company’s share price has fallen by 32% per year.Buying Opportunity • Nov 16Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 14%. The fair value is estimated to be ₱5.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.4% over the last 3 years. Earnings per share has declined by 21%.Reported Earnings • Nov 16Third quarter 2022 earnings released: ₱0.027 loss per share (vs ₱0.10 profit in 3Q 2021)Third quarter 2022 results: ₱0.027 loss per share (down from ₱0.10 profit in 3Q 2021). Revenue: ₱6.94b (up 7.0% from 3Q 2021). Net loss: ₱173.3m (down 126% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Medel Nera was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Sep 12Holcim Philippines, Inc. Appoints Dr. Thomas G. Aquino as Member of the Audit CommitteeThe board of directors of Holcim Philippines, Inc. at the regular meeting held on September 9, 2022, approved the appointment of Dr. Thomas G. Aquino as a member of the Company's Audit Committee effective on 09 September 2022.Reported Earnings • Aug 12Second quarter 2022 earnings released: EPS: ₱0.037 (vs ₱0.11 in 2Q 2021)Second quarter 2022 results: EPS: ₱0.037 (down from ₱0.11 in 2Q 2021). Revenue: ₱5.43b (down 21% from 2Q 2021). Net income: ₱240.8m (down 67% from 2Q 2021). Profit margin: 4.4% (down from 11% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings.공시 • Jul 22Holcim Philippines, Inc. Announces Resignation of Mr. Leandro D. Javier from Its BoardHolcim Philippines, Inc. announced that Mr. Leandro D. Javier, has tendered his resignation as a member of Holcim Philippines, Inc.'s Board of Directors and Audit Committee effective 21 July 2022.공시 • Jul 15Holcim Philippines, Inc. Enters into Settlement Agreement with SeasiaOn 08 July 2022, Seasia and Holcim Philippines, Inc. entered into a Settlement Agreement, duly signed and executed by both parties to amicably settle all disputes and terminate all pending litigation between the Parties. On 14 July 2022, the Court approved the Settlement Agreement, which primarily requires the parties to file a joint motion to withdraw/dismiss with prejudice all pending cases related hereto.Reported Earnings • May 13First quarter 2022 earnings released: EPS: ₱0.07 (vs ₱0.14 in 1Q 2021)First quarter 2022 results: EPS: ₱0.07 (down from ₱0.14 in 1Q 2021). Revenue: ₱6.74b (down 1.0% from 1Q 2021). Net income: ₱420.3m (down 54% from 1Q 2021). Profit margin: 6.2% (down from 13% in 1Q 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings.공시 • May 13Holcim Philippines, Inc. Appoints Elynor Roque as SVP, Head of Organization & Human ResourcesHolcim Philippines, Inc. confirmed and ratified the appointment or Mr. Elynor Roque as SVP, Head of Organization & Human Resources effective May 12, 2022.공시 • May 12Holcim Philippines, Inc. Omits to Pay Cash Dividends as of March 31, 2022The board of directors of Holcim Philippines, Inc. did not declare any cash dividends as of March 31, 2022.Board Change • Apr 27Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Medel Nera was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.공시 • Apr 12Holcim Philippines, Inc. Enhances Masonry Cement Holcim WallRight Prime for Greater Strength, Versatile UseHolcim Philippines, Inc. continues its product innovation drive with its masonry cement Holcim WallRight Prime reformulated with higher compressive strength for light structural applications. Holcim WallRight Prime is enhanced to provide higher compressive strength to concrete while continuing to deliver superior performance for masonry applications such as better wall adhesion and workability, high water retention to prevent cracks, and smoother finish. Moreover, Holcim WallRight Prime will carry an Ecolabel mark to highlight it as a sustainable product with 30% lower carbon footprint than ordinary Portland cement. The new product will be initially available in Northern Luzon. Holcim WallRight Prime is the fifth new product that the company has released since December 2020 as part of its direction to innovate building solutions for specific applications. The new products also use fewer natural resources in line with the Company's sustainability commitment to help the country build more with less. Holcim Philippines diversification of its product portfolio is also a key driver of differentiation and business performance.공시 • Apr 11Holcim Philippines, Inc. Announces Executive ChangesHolcim Philippines, Inc. announced the resignation of Ms. Beatrix R. Guevarra as Assistant Corporate Secretary. 1. Ms. Beatrix R. Guevarra, Assistant Corporate Secretary, has decided to pursue opportunities outside HolcimPhilippines, Inc. effective April 10, 2022. The Corporate Governance Committee approved the promotion of Mr. Albert M. Leoveras from VP, Head of Geocycle to Senior Vice President-Head of Retail Sales and the change of Designation of Mr. Ramakrishna Maganti from SVP, Head of Marketing and Innovation to Senior Vice President-Head of Infrastructure and Industrial Sales effective May 1,2022.공시 • Nov 22Holcim Philippines, Inc. Launches New Product, Holcim ECOPlanetHolcim Philippines, Inc. will launch a new product, Holcim ECOPlanet, which is its most environment-friendly product with more than 30% lower carbon footprint than other general purpose cement. ECOPlanet is a global range of green cement developed by international building solutions leader Holcim Group. Holcim Philippines will offer ECOPlanet as a general purpose blended cement ideal for structural applications that delivers equal to superior construction performance while lowering the carbon footprint of buildings. This product will be made available in 40kg bags in paper and plastic bags. The Philippines will be among the first markets where ECOPlanet is available. ECOPlanet's lower environmental footprint and equal to superior performance are driven by the addition of blast furnace slag, a by-product of iron ore smelting to produce pig iron for steel making. Adding slag lowers the clinker content and carbon footprint of cement while enhancing the durability and long-term strength of concrete. Holcim Philippines will aim for an Environmental Product Declaration (EPD) for ECOPlanet in the next few months to be independently verified by a third-party reviewer. In addition, the Company will launch a program to collect used ECOPLanet plastic bags for recycling by an accredited facility to support the company's sustainability commitments. ECOPlanet's Philippine launch is timely with construction activity projected to steadily rise to support a growing economy and population, and rising public awareness on the importance of building more sustainably. The launch of ECOPlanet is part of Holcim Philippines' stronger focus on sustainability and innovation to raise business performance and increase positive social and environmental impact.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ₱0.10 (vs ₱0.095 in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ₱6.49b (down 12% from 3Q 2020). Net income: ₱669.3m (up 9.1% from 3Q 2020). Profit margin: 10% (up from 8.3% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Executive Departure • Oct 12Senior VP and Head of Organization & Human Resources Bernadette Tansingco has left the companyOn the 1st of October, Bernadette Tansingco's tenure as Senior VP and Head of Organization & Human Resources ended after 4.4 years in the role. We don't have any record of a personal shareholding under Bernadette's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 3.04 years.Executive Departure • Aug 14Senior VP, CFO, Treasurer & Investor Relations Officer Jesusa Natividad Rojas has left the companyOn the 10th of August, Jesusa Natividad Rojas' tenure as Senior VP, CFO, Treasurer & Investor Relations Officer ended. We don't have any record of a personal shareholding under Jesusa Natividad's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 3.33 years.Reported Earnings • Aug 02Second quarter 2021 earnings released: EPS ₱0.11 (vs ₱0.014 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₱6.86b (up 65% from 2Q 2020). Net income: ₱721.3m (up ₱809.4m from 2Q 2020). Profit margin: 11% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Price Target Changed • Jul 23Price target decreased to ₱8.60Down from ₱18.00, the current price target is provided by 1 analyst. New target price is 32% above last closing price of ₱6.51. Stock is up 33% over the past year.공시 • May 28Holcim Philippines, Inc. Approves the Declaration of A Cash Dividend, Payable on June 30, 2021Holcim Philippines, Inc., at its board meeting held on May 27, 2021, approved the declaration of a cash dividend in the amount of PHP 0.43 per share to all stockholders of record as of June 16, 2021, which cash dividend shall be paid not later than June 30, 2021.공시 • Apr 25Holcim Philippines, Inc. Announces Temporary Suspension of Operations of Grinding Facility Located in Mabini, BatangasHolcim Philippines, Inc. announced that at the special meeting of the Board of Directors (the "Board) held on 22 April 2021, the Board approved the temporary suspension of operations of the HPI grinding facility located in Mabini, Batangas effective May 1, 2021 to mitigate the negative impact of Covid-19 pandemic and to address escalating production costs. The temporary suspension of operations of the said facility will result in substantial cost savings ensuring that the Company will only spend where necessary to better protect the interest of investors and other stakeholders. The Company has already put in place a plan so that the areas and customers being served by the Mabini Grinding Facility will continue To be served. To the extent possible, employees affected by the temporary suspension will be deployed to other facilities of Holcim Philippines, Inc.Reported Earnings • Apr 24First quarter 2021 earnings released: EPS ₱0.14 (vs ₱0.078 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: ₱6.81b (down 6.4% from 1Q 2020). Net income: ₱908.9m (up 81% from 1Q 2020). Profit margin: 13% (up from 6.9% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Mar 09New 90-day low: ₱5.90The company is down 17% from its price of ₱7.14 on 09 December 2020. The Filipino market is down 3.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Basic Materials industry, which is also down 17% over the same period.Reported Earnings • Mar 05Full year 2020 earnings released: EPS ₱0.32 (vs ₱0.56 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₱26.0b (down 22% from FY 2019). Net income: ₱2.06b (down 43% from FY 2019). Profit margin: 7.9% (down from 11% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.Executive Departure • Mar 04President, CEO & Director John Stull has left the companyOn the 1st of March, John Stull's tenure as President, CEO & Director of the company ended after 2.9 years in the role. As of December 2020, John personally held only 1.00 share (₱7.0 worth at the time). A total of 4 executives have left over the last 12 months. Under John's leadership, the company delivered a total shareholder return of -27%.공시 • Feb 24Holcim Philippines Announces the Appointment of Horia Adrian as New President, Effective March 1, 2021Holcim Philippines has announced the appointment of Mr. Horia Adrian, as the new President of Holcim Philippines effective March 1, 2021. Horia Adrian is formerly the CEO of Romania and Market Head Emerging Europe. He joined LafargeHolcim in 2000 and has successfully held various management roles, including CEO roles for Russia, Eastern Europe & CIS and Middle East. He also managed the LafargeHolcim Group's Business Transformation. He succeeds John Stull who, following a remarkable performance as the CEO of Holcim Philippines for three years will be pursuing another role within the LafargeHolcim Group.공시 • Feb 23Holcim Philippines Announces Executive Changes, Effective March 1, 2021Holcim Philippines has announced the appointment of Mr. Horia Adrian, as CEO of Holcim Philippines effective March 1, 2021. Horia Adrian is formerly the CEO of Romania and Market Head Emerging Europe. He joined LafargeHolcim in 2000 and has successfully held various management roles, including CEO roles for Russia, Eastern Europe & CIS and Middle East. He also managed the LafargeHolcim Group's Business Transformation. He succeeds John Stull who, following a remarkable performance as the CEO of Holcim Philippines for three years will be pursuing another role within the LafargeHolcim Group.공시 • Feb 17Holcim Philippines, Inc., Annual General Meeting, May 27, 2021Holcim Philippines, Inc., Annual General Meeting, May 27, 2021.공시 • Jan 17Holcim Philippines, Inc. Announces Management ChangesHolcim Philippines, Inc. announced that at its EGM held on January 15, 2021, approved the election of Mr. Medel Nera as Independent Director and Chairman of the Audit Committee and member of the Corporate Governance Committee; approved the resignation of Dr. Thomas Aquino as Chairman of the Audit Committee.공시 • Jan 06Holcim Philippines, Inc. Launches New Easy-To-Use and Multipurpose Mortar Product That Can Help Contractors and Masons Improve the Quality of Walls, Floors, and Tile Installation in Their Building ProjectsHolcim Philippines, Inc. has launched a new easy-to-use and multipurpose mortar product that can help contractors and masons improve the quality of walls, floors, and tile installation in their building projects. Called Holcim Multifix, the product is a combination of sand and cement enhanced with polymer for better performance that can be used just by adding water. Holcim Multifix is produced in the company's drymix plant removing the need for masons to combine materials on site thus ensuring uniform quality and right proportions for the application of the mortar. Being factory produced significantly reduces wastage of building materials such as sand thus making the product friendlier to the environment. The product will be initially available as 25-kilogram bags in select locations in Luzon by December and introduced in Mindanao in the first quarter of 2021. Holcim Multifix is the latest in the company's line of drymix products which includes Holcim Skim Coat and Holcim Tile Adhesive.Is New 90 Day High Low • Dec 12New 90-day high: ₱7.43The company is up 27% from its price of ₱5.87 on 11 September 2020. The Filipino market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 13% over the same period.공시 • Dec 03Holcim Philippines, Inc. Announces Early Retirement of Victoria Tomelden as VP, Chief Audit Executive, Effective January 1, 2021Holcim Philippines, Inc. announced that its VP, Chief Audit Executive, Atty. Victoria Tomelden has availed of early retirement effective January 1, 2021.Valuation Update With 7 Day Price Move • Nov 19Market bids up stock over the past weekAfter last week's 19% share price gain to ₱7.10, the stock is trading at a trailing P/E ratio of 16.7x, up from the previous P/E ratio of 14.1x. This compares to an average P/E of 15x in the Basic Materials industry in Asia. Total return to shareholders over the past three years is a loss of 37%.Is New 90 Day High Low • Nov 17New 90-day high: ₱6.79The company is up 23% from its price of ₱5.50 on 19 August 2020. The Filipino market is up 13% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Basic Materials industry, which is up 41% over the same period.공시 • Sep 18Holcim Philippines, Inc. Approves the Appointment of Tan Then Hwee as Director and as Member of the Audit CommitteeHolcim Philippines, Inc. announced at the Special Board Meeting held on 17 September 2020, Ms. Tan Then Hwee, Singapore National, was elected as director and appointed as member of the Audit Committee of Holcim Philippines, Inc. upon the recommendation of the Corporate Governance Committee. Ms. Tan will serve for the unexpired portion of the term of Ms. Rajani Kesari and until her successor shall have been duly elected and qualified. Effective date of appointment is September 17, 2020.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 과거에 HLCM 의 주당 배당금이 안정적이었는지 판단하기에는 데이터가 부족합니다.배당금 증가: HLCM 의 배당금 지급이 증가했는지 판단하기에는 데이터가 부족합니다.배당 수익률 vs 시장Holcim Philippines 배당 수익률 vs 시장HLCM의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (HLCM)0%시장 하위 25% (PH)2.7%시장 상위 25% (PH)6.3%업계 평균 (Basic Materials)2.2%분석가 예측 (HLCM) (최대 3년)n/a주목할만한 배당금: 회사가 최근 지급을 보고하지 않았기 때문에 하위 25%의 배당금 지급자에 대해 HLCM 의 배당 수익률을 평가할 수 없습니다.고배당: 회사가 최근 지급을 보고하지 않았기 때문에 배당금 지급자의 상위 25%에 대해 HLCM 의 배당 수익률을 평가할 수 없습니다.주주 대상 이익 배당수익 보장: HLCM PH 시장에서 주목할만한 배당금을 지급하지 않습니다.주주 현금 배당현금 흐름 범위: HLCM 에서 지급을 보고하지 않았기 때문에 배당 지속 가능성을 계산할 수 없습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YPH 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2023/09/26 13:31종가2023/06/29 00:00수익2023/06/30연간 수익2022/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Holcim Philippines, Inc.는 1명의 분석가가 다루고 있습니다. 이 중 명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Lovell SarrealMaybank Research Pte. Ltd.
공시 • May 12Holcim Philippines, Inc. Omits to Pay Cash Dividends as of March 31, 2022The board of directors of Holcim Philippines, Inc. did not declare any cash dividends as of March 31, 2022.
공시 • May 28Holcim Philippines, Inc. Approves the Declaration of A Cash Dividend, Payable on June 30, 2021Holcim Philippines, Inc., at its board meeting held on May 27, 2021, approved the declaration of a cash dividend in the amount of PHP 0.43 per share to all stockholders of record as of June 16, 2021, which cash dividend shall be paid not later than June 30, 2021.
공시 • Nov 29Holcim Philippines, Inc.(PSE:HLCM) dropped from PSE All Share IndexHolcim Philippines, Inc. has been dropped from PSE All Share Index.
공시 • Sep 27Holcim Philippines Seeks to Voluntarily Delist its Shares from the Philippine Stock Exchange by November 27, 2023Holcim Philippines, Inc. is seeking to voluntarily delist its shares from the Philippine Stock Exchange (PSE) by November 27, 2023 after two rounds of tender offers by Holderfin B.V. has reduced its public float to just 1.42% which would lead to its forced delisting. “The Board of Directors and stockholders of the Company approved the voluntary delisting of the Company from the Main Board of the PSE on June 29, 2023 and September 22, 2023, respectively,” Holcim said in a disclosure to the PSE. It added that, “the Company believes that it has satisfied all the conditions in PSE Memorandum CN No. 2020- 0104, the amended Voluntary Delisting Rules (the Delisting Rules), to delist its Common Shares from the Main Board of the PSE.” On June 29, 2023, Holderfin purchased from Sumitomo Osaka Cement Co. Ltd. 594,952,725 common shares of Holcim Philippines representing 9.22% of the company’s issued and outstanding capital stock-reducing the company’s public float to 5.05%-below the minimum public float requirement of 10%. Given this, Holderfin, one of the company’s major shareholders, initiated a voluntary tender offer proceedings for purposes of delisting the company’s shares from the PSE. On July 10 to August 30, the first tranche of the voluntary tender offer was conducted by Holderfin. Following the close of the Tender Offer Period, 233.8 million Common Shares, representing approximately 3.62% of the company’s issued and outstanding Common Shares, were tendered pursuant to the Tender Offer and were purchased by the Bidder on the Execution Date. As of September 6, the total ownership of Holderfin along with two of its affiliates, Union Cement Holdings Corporation and Cemco Holdings, Inc. has reached 6.36 billion Common Shares, representing approximately 98.58% of Holcim's issued and outstanding Common shares. Consequently, the PSE imposed a trading suspension of Holcim’s Common Shares on June 29 for falling below the minimum public float requirement. The company has informed Holderfin that, due to prevailing market and other conditions, it will be unable to increase the required MPO within a reasonable period of time. If the Company is unable to comply with the MPO, it may face involuntary delisting procedures under the PSE’s rules. To avoid such involuntary delisting proceedings against the Company, Holderfin conducted a tender offer of the remaining shares in the Company preparatory to the Company’s voluntary delisting.
공시 • Jun 30Holcim Philippines to Quit Philippine Stock Exchange as Public Float DropsHolcim Philippines Inc. is planning to delist from the Philippine Stock Exchange (PSE) after deciding that it would be unable to raise its public float - already below the required minimum - after a shareholder increased its interest in the company. In a disclosure on June 29, 2023, Holcim said that Dutch firm Holderfin B.V. had purchased a 9.22% stake held by Sumitomo Osaka Cement Co. Ltd. via a block sale. This raised Holderfin's interest in Holcim to 27.33% from 18.11%. Holcim's public float - at 14.27% prior to the transaction and below the minimum requirement of 20% - subsequently dropped to 5.05%. "Accordingly, Holderfin informed the company that if the company will be unable to issue additional shares to the public sufficient to raise its public float to the required level, Holderfin is prepared to make a tender offer for all outstanding common shares of the Company held by the public with the aim of subsequently conducting a voluntary delisting of the company's common shares from the main board of the PSE," Holcim said. It initially said that it was "carefully evaluating the feasibility and potential benefits of pursuing the voluntary delisting" but later issued another disclosure saying that Holderfin would be proceeding with the tender offer. "The company will not be able to raise the required MPO (minimum public ownership) within a reasonable period due to prevailing market conditions," Holcim said.
Reported Earnings • May 13First quarter 2023 earnings released: EPS: ₱0.06 (vs ₱0.065 in 1Q 2022)First quarter 2023 results: EPS: ₱0.06 (down from ₱0.065 in 1Q 2022). Revenue: ₱6.64b (down 1.4% from 1Q 2022). Net income: ₱356.0m (down 15% from 1Q 2022). Profit margin: 5.4% (down from 6.2% in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.
공시 • May 12Holcim Philippines, Inc. Elects Gerardo Ablaza, Jr as DirectorHolcim Philippines, Inc. at its Annual Stockholders' Meeting held on May 11, 2023, elected Gerardo Ablaza, Jr as director for the upcoming year.
Reported Earnings • Mar 26Full year 2022 earnings released: EPS: ₱0.15 (vs ₱0.40 in FY 2021)Full year 2022 results: EPS: ₱0.15 (down from ₱0.40 in FY 2021). Revenue: ₱26.6b (down 1.3% from FY 2021). Net income: ₱941.8m (down 63% from FY 2021). Profit margin: 3.5% (down from 9.5% in FY 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year whereas the company’s share price has fallen by 32% per year.
Buying Opportunity • Nov 16Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 14%. The fair value is estimated to be ₱5.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.4% over the last 3 years. Earnings per share has declined by 21%.
Reported Earnings • Nov 16Third quarter 2022 earnings released: ₱0.027 loss per share (vs ₱0.10 profit in 3Q 2021)Third quarter 2022 results: ₱0.027 loss per share (down from ₱0.10 profit in 3Q 2021). Revenue: ₱6.94b (up 7.0% from 3Q 2021). Net loss: ₱173.3m (down 126% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Medel Nera was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Sep 12Holcim Philippines, Inc. Appoints Dr. Thomas G. Aquino as Member of the Audit CommitteeThe board of directors of Holcim Philippines, Inc. at the regular meeting held on September 9, 2022, approved the appointment of Dr. Thomas G. Aquino as a member of the Company's Audit Committee effective on 09 September 2022.
Reported Earnings • Aug 12Second quarter 2022 earnings released: EPS: ₱0.037 (vs ₱0.11 in 2Q 2021)Second quarter 2022 results: EPS: ₱0.037 (down from ₱0.11 in 2Q 2021). Revenue: ₱5.43b (down 21% from 2Q 2021). Net income: ₱240.8m (down 67% from 2Q 2021). Profit margin: 4.4% (down from 11% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings.
공시 • Jul 22Holcim Philippines, Inc. Announces Resignation of Mr. Leandro D. Javier from Its BoardHolcim Philippines, Inc. announced that Mr. Leandro D. Javier, has tendered his resignation as a member of Holcim Philippines, Inc.'s Board of Directors and Audit Committee effective 21 July 2022.
공시 • Jul 15Holcim Philippines, Inc. Enters into Settlement Agreement with SeasiaOn 08 July 2022, Seasia and Holcim Philippines, Inc. entered into a Settlement Agreement, duly signed and executed by both parties to amicably settle all disputes and terminate all pending litigation between the Parties. On 14 July 2022, the Court approved the Settlement Agreement, which primarily requires the parties to file a joint motion to withdraw/dismiss with prejudice all pending cases related hereto.
Reported Earnings • May 13First quarter 2022 earnings released: EPS: ₱0.07 (vs ₱0.14 in 1Q 2021)First quarter 2022 results: EPS: ₱0.07 (down from ₱0.14 in 1Q 2021). Revenue: ₱6.74b (down 1.0% from 1Q 2021). Net income: ₱420.3m (down 54% from 1Q 2021). Profit margin: 6.2% (down from 13% in 1Q 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings.
공시 • May 13Holcim Philippines, Inc. Appoints Elynor Roque as SVP, Head of Organization & Human ResourcesHolcim Philippines, Inc. confirmed and ratified the appointment or Mr. Elynor Roque as SVP, Head of Organization & Human Resources effective May 12, 2022.
공시 • May 12Holcim Philippines, Inc. Omits to Pay Cash Dividends as of March 31, 2022The board of directors of Holcim Philippines, Inc. did not declare any cash dividends as of March 31, 2022.
Board Change • Apr 27Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Medel Nera was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
공시 • Apr 12Holcim Philippines, Inc. Enhances Masonry Cement Holcim WallRight Prime for Greater Strength, Versatile UseHolcim Philippines, Inc. continues its product innovation drive with its masonry cement Holcim WallRight Prime reformulated with higher compressive strength for light structural applications. Holcim WallRight Prime is enhanced to provide higher compressive strength to concrete while continuing to deliver superior performance for masonry applications such as better wall adhesion and workability, high water retention to prevent cracks, and smoother finish. Moreover, Holcim WallRight Prime will carry an Ecolabel mark to highlight it as a sustainable product with 30% lower carbon footprint than ordinary Portland cement. The new product will be initially available in Northern Luzon. Holcim WallRight Prime is the fifth new product that the company has released since December 2020 as part of its direction to innovate building solutions for specific applications. The new products also use fewer natural resources in line with the Company's sustainability commitment to help the country build more with less. Holcim Philippines diversification of its product portfolio is also a key driver of differentiation and business performance.
공시 • Apr 11Holcim Philippines, Inc. Announces Executive ChangesHolcim Philippines, Inc. announced the resignation of Ms. Beatrix R. Guevarra as Assistant Corporate Secretary. 1. Ms. Beatrix R. Guevarra, Assistant Corporate Secretary, has decided to pursue opportunities outside HolcimPhilippines, Inc. effective April 10, 2022. The Corporate Governance Committee approved the promotion of Mr. Albert M. Leoveras from VP, Head of Geocycle to Senior Vice President-Head of Retail Sales and the change of Designation of Mr. Ramakrishna Maganti from SVP, Head of Marketing and Innovation to Senior Vice President-Head of Infrastructure and Industrial Sales effective May 1,2022.
공시 • Nov 22Holcim Philippines, Inc. Launches New Product, Holcim ECOPlanetHolcim Philippines, Inc. will launch a new product, Holcim ECOPlanet, which is its most environment-friendly product with more than 30% lower carbon footprint than other general purpose cement. ECOPlanet is a global range of green cement developed by international building solutions leader Holcim Group. Holcim Philippines will offer ECOPlanet as a general purpose blended cement ideal for structural applications that delivers equal to superior construction performance while lowering the carbon footprint of buildings. This product will be made available in 40kg bags in paper and plastic bags. The Philippines will be among the first markets where ECOPlanet is available. ECOPlanet's lower environmental footprint and equal to superior performance are driven by the addition of blast furnace slag, a by-product of iron ore smelting to produce pig iron for steel making. Adding slag lowers the clinker content and carbon footprint of cement while enhancing the durability and long-term strength of concrete. Holcim Philippines will aim for an Environmental Product Declaration (EPD) for ECOPlanet in the next few months to be independently verified by a third-party reviewer. In addition, the Company will launch a program to collect used ECOPLanet plastic bags for recycling by an accredited facility to support the company's sustainability commitments. ECOPlanet's Philippine launch is timely with construction activity projected to steadily rise to support a growing economy and population, and rising public awareness on the importance of building more sustainably. The launch of ECOPlanet is part of Holcim Philippines' stronger focus on sustainability and innovation to raise business performance and increase positive social and environmental impact.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ₱0.10 (vs ₱0.095 in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ₱6.49b (down 12% from 3Q 2020). Net income: ₱669.3m (up 9.1% from 3Q 2020). Profit margin: 10% (up from 8.3% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Executive Departure • Oct 12Senior VP and Head of Organization & Human Resources Bernadette Tansingco has left the companyOn the 1st of October, Bernadette Tansingco's tenure as Senior VP and Head of Organization & Human Resources ended after 4.4 years in the role. We don't have any record of a personal shareholding under Bernadette's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 3.04 years.
Executive Departure • Aug 14Senior VP, CFO, Treasurer & Investor Relations Officer Jesusa Natividad Rojas has left the companyOn the 10th of August, Jesusa Natividad Rojas' tenure as Senior VP, CFO, Treasurer & Investor Relations Officer ended. We don't have any record of a personal shareholding under Jesusa Natividad's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 3.33 years.
Reported Earnings • Aug 02Second quarter 2021 earnings released: EPS ₱0.11 (vs ₱0.014 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₱6.86b (up 65% from 2Q 2020). Net income: ₱721.3m (up ₱809.4m from 2Q 2020). Profit margin: 11% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Price Target Changed • Jul 23Price target decreased to ₱8.60Down from ₱18.00, the current price target is provided by 1 analyst. New target price is 32% above last closing price of ₱6.51. Stock is up 33% over the past year.
공시 • May 28Holcim Philippines, Inc. Approves the Declaration of A Cash Dividend, Payable on June 30, 2021Holcim Philippines, Inc., at its board meeting held on May 27, 2021, approved the declaration of a cash dividend in the amount of PHP 0.43 per share to all stockholders of record as of June 16, 2021, which cash dividend shall be paid not later than June 30, 2021.
공시 • Apr 25Holcim Philippines, Inc. Announces Temporary Suspension of Operations of Grinding Facility Located in Mabini, BatangasHolcim Philippines, Inc. announced that at the special meeting of the Board of Directors (the "Board) held on 22 April 2021, the Board approved the temporary suspension of operations of the HPI grinding facility located in Mabini, Batangas effective May 1, 2021 to mitigate the negative impact of Covid-19 pandemic and to address escalating production costs. The temporary suspension of operations of the said facility will result in substantial cost savings ensuring that the Company will only spend where necessary to better protect the interest of investors and other stakeholders. The Company has already put in place a plan so that the areas and customers being served by the Mabini Grinding Facility will continue To be served. To the extent possible, employees affected by the temporary suspension will be deployed to other facilities of Holcim Philippines, Inc.
Reported Earnings • Apr 24First quarter 2021 earnings released: EPS ₱0.14 (vs ₱0.078 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: ₱6.81b (down 6.4% from 1Q 2020). Net income: ₱908.9m (up 81% from 1Q 2020). Profit margin: 13% (up from 6.9% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Mar 09New 90-day low: ₱5.90The company is down 17% from its price of ₱7.14 on 09 December 2020. The Filipino market is down 3.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Basic Materials industry, which is also down 17% over the same period.
Reported Earnings • Mar 05Full year 2020 earnings released: EPS ₱0.32 (vs ₱0.56 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₱26.0b (down 22% from FY 2019). Net income: ₱2.06b (down 43% from FY 2019). Profit margin: 7.9% (down from 11% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
Executive Departure • Mar 04President, CEO & Director John Stull has left the companyOn the 1st of March, John Stull's tenure as President, CEO & Director of the company ended after 2.9 years in the role. As of December 2020, John personally held only 1.00 share (₱7.0 worth at the time). A total of 4 executives have left over the last 12 months. Under John's leadership, the company delivered a total shareholder return of -27%.
공시 • Feb 24Holcim Philippines Announces the Appointment of Horia Adrian as New President, Effective March 1, 2021Holcim Philippines has announced the appointment of Mr. Horia Adrian, as the new President of Holcim Philippines effective March 1, 2021. Horia Adrian is formerly the CEO of Romania and Market Head Emerging Europe. He joined LafargeHolcim in 2000 and has successfully held various management roles, including CEO roles for Russia, Eastern Europe & CIS and Middle East. He also managed the LafargeHolcim Group's Business Transformation. He succeeds John Stull who, following a remarkable performance as the CEO of Holcim Philippines for three years will be pursuing another role within the LafargeHolcim Group.
공시 • Feb 23Holcim Philippines Announces Executive Changes, Effective March 1, 2021Holcim Philippines has announced the appointment of Mr. Horia Adrian, as CEO of Holcim Philippines effective March 1, 2021. Horia Adrian is formerly the CEO of Romania and Market Head Emerging Europe. He joined LafargeHolcim in 2000 and has successfully held various management roles, including CEO roles for Russia, Eastern Europe & CIS and Middle East. He also managed the LafargeHolcim Group's Business Transformation. He succeeds John Stull who, following a remarkable performance as the CEO of Holcim Philippines for three years will be pursuing another role within the LafargeHolcim Group.
공시 • Feb 17Holcim Philippines, Inc., Annual General Meeting, May 27, 2021Holcim Philippines, Inc., Annual General Meeting, May 27, 2021.
공시 • Jan 17Holcim Philippines, Inc. Announces Management ChangesHolcim Philippines, Inc. announced that at its EGM held on January 15, 2021, approved the election of Mr. Medel Nera as Independent Director and Chairman of the Audit Committee and member of the Corporate Governance Committee; approved the resignation of Dr. Thomas Aquino as Chairman of the Audit Committee.
공시 • Jan 06Holcim Philippines, Inc. Launches New Easy-To-Use and Multipurpose Mortar Product That Can Help Contractors and Masons Improve the Quality of Walls, Floors, and Tile Installation in Their Building ProjectsHolcim Philippines, Inc. has launched a new easy-to-use and multipurpose mortar product that can help contractors and masons improve the quality of walls, floors, and tile installation in their building projects. Called Holcim Multifix, the product is a combination of sand and cement enhanced with polymer for better performance that can be used just by adding water. Holcim Multifix is produced in the company's drymix plant removing the need for masons to combine materials on site thus ensuring uniform quality and right proportions for the application of the mortar. Being factory produced significantly reduces wastage of building materials such as sand thus making the product friendlier to the environment. The product will be initially available as 25-kilogram bags in select locations in Luzon by December and introduced in Mindanao in the first quarter of 2021. Holcim Multifix is the latest in the company's line of drymix products which includes Holcim Skim Coat and Holcim Tile Adhesive.
Is New 90 Day High Low • Dec 12New 90-day high: ₱7.43The company is up 27% from its price of ₱5.87 on 11 September 2020. The Filipino market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 13% over the same period.
공시 • Dec 03Holcim Philippines, Inc. Announces Early Retirement of Victoria Tomelden as VP, Chief Audit Executive, Effective January 1, 2021Holcim Philippines, Inc. announced that its VP, Chief Audit Executive, Atty. Victoria Tomelden has availed of early retirement effective January 1, 2021.
Valuation Update With 7 Day Price Move • Nov 19Market bids up stock over the past weekAfter last week's 19% share price gain to ₱7.10, the stock is trading at a trailing P/E ratio of 16.7x, up from the previous P/E ratio of 14.1x. This compares to an average P/E of 15x in the Basic Materials industry in Asia. Total return to shareholders over the past three years is a loss of 37%.
Is New 90 Day High Low • Nov 17New 90-day high: ₱6.79The company is up 23% from its price of ₱5.50 on 19 August 2020. The Filipino market is up 13% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Basic Materials industry, which is up 41% over the same period.
공시 • Sep 18Holcim Philippines, Inc. Approves the Appointment of Tan Then Hwee as Director and as Member of the Audit CommitteeHolcim Philippines, Inc. announced at the Special Board Meeting held on 17 September 2020, Ms. Tan Then Hwee, Singapore National, was elected as director and appointed as member of the Audit Committee of Holcim Philippines, Inc. upon the recommendation of the Corporate Governance Committee. Ms. Tan will serve for the unexpired portion of the term of Ms. Rajani Kesari and until her successor shall have been duly elected and qualified. Effective date of appointment is September 17, 2020.