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ENTITY
First Philippine Holdings (FPH PM)
First Philippine Holdings (FPH PM)
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Analysis
Utilities • Philippines
First Philippine Holdings Corporation, through its subsidiaries, primarily engages in the power generation, real estate development, manufacturing, and construction businesses in the Philippines. The company operates through Power Generation, Real Estate Development, Manufacturing, and Construction and Other Services segments. It is involved in the generation, transmission, and distribution of power through natural gas-fired, hydroelectric, geothermal, and wind power plants with an installed capacity of approximately 2,942 megawatts. The company also develops residential and commercial lands; develops and manages industrial estate for sale or lease to various manufacturing or service-oriented entities; and leases, owns, acquires, or sells real and personal properties. In addition, it manufactures and sells current, dry-type, and small kilo-volt ampere distribution transformers; and repairs distribution and power transformers, automatic voltage regulators, and special line equipment, as well as offers technical services. Further, the company constructs power plants and transmission lines; undertakes electro-mechanical works for industrial plants and related activities; provides management and/or manpower; and offers services for the drilling and workover of exploratory or development wells, as well as related services in the areas of well planning and construction, drilling, and other allied activities. Additionally, it operates commercial petroleum pipeline that transports gasoline, jet aviation fuel, diesel fuel, and other refined petroleum products; and offers securities transfer and financing services. The company was formerly known as Meralco Securities Corporation and changed its name to First Philippine Holdings Corporation in September 1972. First Philippine Holdings Corporation was founded in 1961 and is based in Pasig City, the Philippines.
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