Top 10 Philippine Stock Exchange (PSE) Listed Conglomerates (June 2011)

A conglomerate is a combination of two or more corporations engaged in entirely different businesses that fall under one corporate group, usually involving a parent company and several subsidiaries.

A conglomerate can have exposure to different sectors without affecting its own operations. Owning a bank and a property company is one good example of a well manage conglomerate. Although the businesses are generally unrelated, the choice of subsidiaries is usually part of an overall strategy to create a good corporate structure.

Below are the Lists of Top Ten Listed Conglomerates in the Philippines as of June 2011. Their ranking is based on the company’s market capitalization.

1. SM Investment Corporation (PSE Ticker : SM, Market Cap : 348Billion php) engaged in Banking, Property Development, Mall Developer and just recently entered the mining sector thru Atlas Mining (AT). Manage by the Sy’s Family.

2. San Miguel Corporation (PSE Ticker : SMC, Market Cap : 277Billion php)  engaged in Banking, Food and Beverage, Mining, Property Development and Power Generation. Manage and control by Danding Cojuangco.

3. Aboitiz Equity Ventures Inc. (PSE Ticker : AEV, Market Cap : 226Billion php)  engaged in banking, transportation and power generation business. Aboitiz led company.

4. Ayala Corporation (PSE Ticker : AC, Market Cap : 189Billion php)  engaged in banking, property development, telecommunication and utilities. Ayala led company.

5. JG Summit Holdings Inc.  (PSE Ticker : JGS, Market Cap : 177Billion php)  engaged in banking, property development, airline, food and beverage, and telecommunication. Manage and run by the Gokongwei’s family.

6. DMCI Holdings Inc. (PSE Ticker : DMC, Market Cap : 111Billion php)  engaged in property development, construction, mining and power generation business. Consunji led company.

7. Alliance Global Group Inc. (PSE Ticker : AGI, Market Cap : 104Billion php)  engaged in property development, food, beverage and liquor business. Manage and run by Andrew Tan.

8. Metro Pacific Investment Corporation (PSE Ticker : MPI, Market Cap : 69Billion php)  engaged in healthcare, tollways, utilities, mining and power generation. Manage by Manny Pangilinan (backed by First Pacific Group).

9. Filinvest Development Corporation (PSE Ticker : FDC, Market Cap : 37Billion php)  Gotianun led company engaged in banking, property development and recently enter the power generation sector.

10. First Philippine Holding (PSE Ticker : FPH, Market Cap : 36Billion php)  Lopez led company engaged in media broadcasting and power generation.

Source : Bloomberg, PSE