November 6, 2016
Special Report: 9M16 Earnings Results Batch 1.
9M16 earnings season is underway with most of the banks reporting their results and some other companies. Some banks (BDO, BPI, CHIB, UBP) are at it again boosting their 9M16 profitability with trading gains. SECB uncharacteristically realized minimal trading gains with net interest income growing favorably by double digits. MBT disappointed with total deposits and assets contracting and compensation expenses rising. Also included are MER, AP, AEV, PX and ABS. MER’s Gwh sales growth of 9.5% reflects a strong economy, while PX rides on higher gold prices in 9M16.