DMCI Holdings' earnings outlook is likely pressured by subsidiary Semirara Mining and Power's performance, SB Equities' Andrea Marielle Oliveros says in a research report. Softer coal output and more outage days at the subsidiary could weigh on this outlook, the analyst says. Also, the subsidiary's cost pressures will probably continue amid volatile global fuel markets, while further losses at the Philippine conglomerate's subsidiary Concreat Holdings Philippines can be expected owing to weak cement demand. The brokerage cuts its 2026 and 2027 core net profit estimates for DMCI Holdings by 2% and 29%, respectively. It lowers the stock's target price to 9.42 pesos from 11.82 pesos, with an unchanged add rating. Shares are 2.7% lower at 7.30 pesos. (ronnie.harui@wsj.com)
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DMCI Holdings' Earnings Outlook Likely Pressured by Weak Performance at Units — Market Talk
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DMCI Holdings' earnings outlook is likely pressured by subsidiary Semirara Mining and Power's performance, SB Equities' Andrea Marielle Oliveros says in a research report. Softer coal output and more outage days at the subsidiary could weigh on this outlook, the analyst says. Also, the subsidiary's…