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National Reinsurance Corp. of the Philippines (PhilNaRe) announced during its annual stockholders’ meeting that it ended 2009 on a positive note despite an unfavorable insurance market and claims arising from super typhoons “Pepeng” and “Ondoy”.
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                    [Title] => PhilNaRe stocks jump 18% on listing despite bearish market
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The National Reinsurance Corp. of the Philippines (PhilNaRe), the second company to list on the stock exchange this year, rose 18 percent on its trading debut yesterday despite a bearish market. 


PhilNaRe, the country’s largest reinsurance company, opened and closed at P4.50 per share or 70 centavos higher than its initial public offering (IPO) price of P3.80 each. It went up by as much as 31.6 percent to P5 in intraday trades before closing at P4.50. Volume traded reached 179.76 million shares. 


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                    [Title] => PhilNaRe sets IPO price at P3.80
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State-owned National Reinsurance Corp. (PhilNaRe) has set its initial public offering (IPO) price at P3.80 per share, its underwriter said yesterday. 


BDO Capital & Investment Corp. president Ed Francisco said the offer price, which was set in the middle of the indicative price range, is 12 times PhilNaRe’s estimated price earnings for the year. 


At P3.80 each share, PhilNaRe stands to raise P2.42 billion from the offering of 638 million shares to the public, accounting for 30.7 percent of the company’s outstanding capital stock. 


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                    [Title] => PhilNaRe sets IPO  price at P3.80/share
                    [Summary] => The second company to go public this year, next to Pacific Online, is the National Reinsurance Corporation of the Philippines pegging its initial offering at P3.80 per share.

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                    [Title] => Asian investors keen on PhilNaRe
                    [Summary] => 





Several Asian entities, mostly from Singapore and China, have signified interest to invest in the Philippines’ biggest professional reinsurance company National Reinsurance Corp. (PhilNaRe), according to a top company official.


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PHILNARE

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National Reinsurance Corp. of the Philippines (PhilNaRe) announced during its annual stockholders’ meeting that it ended 2009 on a positive note despite an unfavorable insurance market and claims arising from super typhoons “Pepeng” and “Ondoy”.
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                    [Title] => PhilNaRe stocks jump 18% on listing despite bearish market
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The National Reinsurance Corp. of the Philippines (PhilNaRe), the second company to list on the stock exchange this year, rose 18 percent on its trading debut yesterday despite a bearish market. 


PhilNaRe, the country’s largest reinsurance company, opened and closed at P4.50 per share or 70 centavos higher than its initial public offering (IPO) price of P3.80 each. It went up by as much as 31.6 percent to P5 in intraday trades before closing at P4.50. Volume traded reached 179.76 million shares. 


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                    [Title] => PhilNaRe sets IPO price at P3.80
                    [Summary] => 





State-owned National Reinsurance Corp. (PhilNaRe) has set its initial public offering (IPO) price at P3.80 per share, its underwriter said yesterday. 


BDO Capital & Investment Corp. president Ed Francisco said the offer price, which was set in the middle of the indicative price range, is 12 times PhilNaRe’s estimated price earnings for the year. 


At P3.80 each share, PhilNaRe stands to raise P2.42 billion from the offering of 638 million shares to the public, accounting for 30.7 percent of the company’s outstanding capital stock. 


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                    [Title] => PhilNaRe sets IPO  price at P3.80/share
                    [Summary] => The second company to go public this year, next to Pacific Online, is the National Reinsurance Corporation of the Philippines pegging its initial offering at P3.80 per share.

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                    [Title] => Asian investors keen on PhilNaRe
                    [Summary] => 





Several Asian entities, mostly from Singapore and China, have signified interest to invest in the Philippines’ biggest professional reinsurance company National Reinsurance Corp. (PhilNaRe), according to a top company official.


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abtest

PhilNaRe ends 2009 on a positive note

July 5, 2010 - 12:00am

National Reinsurance Corp. of the Philippines (PhilNaRe) announced during its annual stockholders’ meeting that it ended 2009 on a positive note despite an unfavorable insurance market and claims arising from...

Business

PhilNaRe, ACR Capital ink MOU

By Ma. Elisa Osorio  | June 7, 2008 - 12:00am

Business

PhilNaRe earnings more than doubles to P609M

By Zinnia B. Dela Peña | March 27, 2008 - 12:00am

Business

PhilNaRe stocks jump 18% on listing despite bearish market

By Zinnia B. Dela Peña | April 28, 2007 - 12:00am

The National Reinsurance Corp. of the Philippines (PhilNaRe), the second company to list on the stock exchange this year, rose 18 percent on its trading debut yesterday despite a bearish market. PhilNaRe,...

Business

PhilNaRe sets IPO price at P3.80

By Zinnia B. Dela Peña | April 13, 2007 - 12:00am

State-owned National Reinsurance Corp. (PhilNaRe) has set its initial public offering (IPO) price at P3.80 per share, its underwriter said yesterday. BDO Capital & Investment Corp. president Ed...

Business

PhilNaRe sets IPO price at P3.80/share

By Maritess A. Rulona | April 13, 2007 - 12:00am

The second company to go public this year, next to Pacific Online, is the National Reinsurance Corporation of the Philippines pegging its initial offering at P3.80 per share.

Freeman Cebu Business

Asian investors keen on PhilNaRe

By Zinnia B. Dela Peña | April 12, 2007 - 12:00am

Several Asian entities, mostly from Singapore and China, have signified interest to invest in the Philippines’ biggest professional reinsurance company...

Business